The Legend Behind SAITAMA: Mitsumine Shrine, the Shinto shrine referenced by the white paper, is approximately one-and-a-half hours from the Seibu Chichibu Station by bus. The coin can be purchased, among others, through Uniswap and Poloniex exchanges bulk of the volume is on the latter. SAITAMA’s Telegram community channel had 49,174 members at press time, while the official Twitter page had 168,700 followers.Īt press time, the token had a self-reported market cap of approximately $2.9 billion. The whitepaper says the token carries out a 2% redistribution and above 2% burn on every transaction. The SAITAMA ecosystem is composed of a “smart” wallet called SaitaMask, a marketplace dubbed SaitaMarket, and the non-fungible token launchpad platform SaitaMaker. See Also: How To Buy Saitama Inu (SAITAMA) Interestingly, there is a dichotomy in the name of the token - at least as per its white paper. In English, the token is called “The SAITAMA,' but, in Japanese, it is referred to as “Saitama Inu.” As per the document, Mitsumine Shrine in Saitama is dedicated to the “wolf-like beast.”

What is SAITAMA? SAITAMA cryptocurrency's white paper makes mention of a mysterious “ghost dog” said to roam in the mountains of the eponymous region. This wholesome increase in the coin’s value and the fact that I happen to be placed a short train ride away from Saitama - the Japanese prefecture after which the token takes its name - inspired me to make a very unique cryptocurrency pilgrimage this fall. Saitama (CRYPTO: SAITAMA), a token launched at the end-May, has soared an impressive 673% in the past 90 days - eclipsing the negative 32.15% returns of Dogecoin (CRYPTO: DOGE) in the same period.

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