Saito (SAITO) Price

Saito is a powerful blockchain that delivers an open internet and allows users to run Saito-built blockchain apps without closed plug-ins. It also runs cryptocurrency applications. Saito supports Polkadot and other Web 3.0 blockchains. Furthermore, Saito keeps other networks decentralized by rewarding its nodes.

Saito is a layer one blockchain that finances nodes that provide data services to peers rather than only miners and stakers. In other words, as stated in the whitepaper, Saito is a solution for developing a free market for the general public. It focuses on resolving issues with proof-of-work and proof-of-stake algorithms. Moreover, it has its own open Saito consensus mechanism that is said to be "twice as secure" as PoW and PoS.

Saito Features and Updates

Saito aims to provide its users with a variety of features. The platform's goal is to support powerful applications like games, communication tools, and social media apps. Furthermore, Saito intends to fund itself as well as other networks. It includes a P2P Web3 toolkit that allows for QR code generation and scanning to ZKP-based gaming functions. Furthermore, the platform aims to provide an open app store where developers can build and deploy apps without the need for infrastructure.

Furthermore, a portion of the SAITO crypto token is available in ERC-20 format, while the remaining SAITO tokens are layer-one SAITO tokens. The token's ERC-20 form can be converted to layer-one SAITO tokens. This token type exists to make purchasing and permissionless integration in off-chain applications easier. Furthermore, it grants token holders the right to withdraw tokens from any public Saito fork.

Layer-one SAITO tokens, on the other hand, are used on-chain and cannot be converted directly to the ERC-20 Saito crypto token. The majority of the token allocation goes to this type of Saito crypto coin. The platform is looking for private sector support to provide token owners with convertibility and liquidity.

As per the SAITO Price Statistics, the all-time high of Saito price was $0.1292 since it was launched.

Saito's current market capitalization is $17,880,118. A large market capitalization indicates that the asset is highly valued by the market.

Saito Team

Everyone who contributes to and supports the Saito ecosystem is considered a member of the Saito team. The Saito community, which includes advisors, investors, founders, and a diverse core team spread across the globe, makes Saito's vision a reality.

On December 24, 2020, David Lancashire and Richard Parris released the whitepaper. They are both cofounders of Saito. Lancashire has been a part of the Chinese crypto space since 2012. Parris has 15 years of experience leading technology projects and teams in Japan and China.

In addition to Lancashire and Parris, the team consists of about five developers. There are two Rust developers, and two Javascript client and application stack developers, along with a sole developer working on the Saito Game Engine and various gaming applications.