How to buy Saitama Inu (SAITAMA) and Stake it for Income

How to buy Saitama Inu (SAITAMA) and Stake it for Income

Alysha Jane
Fact Checked
Sep 24, 2022

Key Takeaway: The best overall exchange to buy Saitama Inu (SAITAMA) is Gate.io because they offer low trading fees which start at 0.2% per transaction. This is significantly cheaper than a decentralized exchange which can charge up to 1% per swap.

If you want to earn up to 50% interest on SAITAMA tokens, you can do so by providing liquidity and staking them on trusted DEX like Uniswap or Sushiswap. Continue reading our guide to learn more about Saitama staking.

Table of Contents

Platform Highlights

  • Trade over 1,400 cryptocurrencies with low fees.
  • 100x leverage with Gate.io Futures Trading.
  • Staking, NFT Marketplace, IDO Launchpad + more.

How to buy Saitama Inu (SAITAMA)

SAITAMA is a relatively new crypto asset, which means that it is not yet listed on popular exchanges like Coinbase or Binance. In order to buy Saitama Inu from any country, you will need to either buy it from a decentralized exchange like Uniswap, or a global centralized exchange like Gate.io.

We recommend using a centralized platform like Gate.io because the fees are generally cheaper and the user experience is a lot smoother. The guide below is an overview of how to onboard with their platform.

  1. Buy Tether (USDT) from your local exchange with fiat money (USD, EUR, AUD)
  2. Sign up to Gate.io (no KYC or verification required)
  3. Send your Tether (USDT) from your local exchange wallet to Gate.io
  4. Find SAITAMA in their cryptocurrency list
  5. Swap USDT for SAITAMA
Saitama Inu Buy Page on Gate.io

What is Saitama Inu?

The Saitama Inu (SAITAMA) token is built on the Ethereum blockchain, which means it is an ERC-20 token. The SAITAMA token has a deflationary burning mechanism that taxes every SAITAMA coin transaction 2% - which then gets burned. This design is intended to protect the coins value and reward long term holders who continuously build a larger percentage holding.

The SAITAMA coin is also intended to be the main medium of exchange for the communities upcoming NFT marketplace. Investors will also earn a percentage of the fees earned on this NFT platform.

Saitama Inu Staking

The only way to earn a yield with staking your SAITAMA tokens is by providing liquidity to decentralized exchanges. We recommend providing liquidity to the SAITAMA/ETH pair to earn 0.25% in trading fees on the SushiSwap DEX.

We estimate that liquidity providers on SAITAMA/ETH earn roughly 52% APY from staking their tokens on DEX's like SushiSwap.

Saitama Inu Staking on SushiSwap
The ETH/SAITAMA 'Add Liquidity' page on SushiSwap

You can use our Saitama Inu Staking Calculator to help you work out your rewards from providing liquidity with SAITAMA.

How much Saitama has been Burned?

It remains unclear exactly how much Saitama Inu has been burned since the inception of the coin. The last known correspondence from the team stated that they had burned 54% of the total supply as of August 2021.

Saitama Inu Price Prediction

The SAITAMA token is purely speculative at the moment as there are no cashflows or utility value coming from any product. The Saitama Inu team does note on their roadmap that these cashflows will be real in future after the release of their NFT platform, however they have yet to make any substantial progress.

Saitama Inu Price USD

The chart below is the live 24 hour price of Saitama Inu in US Dollars.

Alysha Jane

I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.

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