How to buy Saitama Inu and Earn 50% APY from Staking (2022)

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.

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

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.

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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.

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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.

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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.

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