The Saitama network has created a passive income system by which 2 percent of every transaction with Saitama is deducted and redistributed to its pool of holders. Holders gain passively as the community transacts. The network has a deflationary set-up through which an additional 2 percent of the amount of all transactions is taken out of circulation. This leads to a shrinking supply, which increases the value of SAITAMA with time.
Saitama also plans to launch Saitamask, which is a smart wallet that aims to transform the cryptocurrency market by solving the fundamental problems in decentralized finance, which would allow investors from any level to be in control of their wealth. Saitama claims that Saitamask will allow you to buy, sell, swap, transfer, and do whatever you need with any coin without leaving the mobile app.
While there could be potential in the crypto, as of now, Saitama isn’t doing anything right now that isn’t already being done by other blockchain networks. Most of the gains in the token are due to the meme-crowd frenzy. Saitama needs to do much more to prove its usefulness beyond being another meme currency to have widespread acceptance. Therefore, long-term investors could give this token a pass for now.