Samecoin – a new token in BSC
The Samecoin family of stablecoins, like SameUSD, is designed to have a stable value. This makes it easier for someone like Keith to transact with crypto that he can understand, and is confident the value will remain the same.
But Keith is also a fan of the broader Samecoin ecosystem, and would like to see his ownership of Samecoin utility coins increase. While SameUSD should remain stable, Samecoin itself is expected to rise in value and have great opportunities for users like Keith. So why does samecoin keep going up in value?
How the value of driving Samecoin and SamePay
When users of the SamePay payment application have multiple Samecoin, they can enjoy unparalleled benefits. Although SamePay already has a large fee for transacting and trading cryptocurrencies, this fee will be even lower for someone who owns Samecoin.
Samecoin holders also get other imbalances and regular income from their investments.
This makes it easy for users to print, store, and stake SameUSD and other stablecoin without the hassle or need for further education on how DeFi works. It all comes together in a simple interface that only takes a few clicks-users don’t even need to really know what they’re doing other than to be aware of the imbalances and benefits they can enjoy.
These features create an ongoing circle of rewards. Along with the Deflation of Samecoin tokens, all this will increase the value of the token over time. This creates an economy that is always rewarding to consumers and is always improving.
Samecoin Samecoin is a utility token that will support the Samecoin ecosystem. By having Samecoin users can get benefits such as lower costs when transacting on the Samepay platform or when exchanging cryptocurrencies on exchanges and shopping for products. But not only that, there are some other features of Samecoin:
Stable: Not just utility tokens, the Samecoin ecosystem also has stable coins that are perfect for users who are more interested in stable digital assets. The stable coins provided by the Samecoin ecosystem, for now, are SameUSD and SameEuro.
Decentralized: Samecoin adopts a decentralized economic system, which does not allow the platform economy to be controlled by only a few parties. Holders can participate in the governance platform.
Payment -based: The solution offered by Samecoin is the most intuitive and accessible payment infrastructure for users worldwide.
Verifiable: Stablecoin provided by the Samecoin ecosystem can be verified by anyone. So it is completely safe and transparent for all users.
Samecoin Features:
1. Mint & Redeem
Minting saves stablecoin to the pool and makes the SAME stablecoin that corresponds to a certain ratio. The exchange is the opposite, Minting keeps stablecoin in the pool to make correspondence
The essence of Mint Smart Contract is the ratio conversion algorithm between SAMA and other stablecoin. The Samecoin protocol requires significant data and work before it reaches its planned final stage. Therefore, two phases are planned to achieve a step -by -step scale.
Phase 1: The stablecoin conversion rate for SAMA-Stablecoin is set at a 1: 1 ratio.
Phase 2: Based on the complete implementation of the Mint Smart Contract (as mentioned below), the conversion rate will be flexible.
Converting
Users can exchange their SAME stablecoin at any time based on the steps below:
Step 1: Select stablecoin & enter the amount they want to receive
Step 2: Smart Contract calculates and shows real-time mint rates
Step 3: Confirm & submit the transaction
Step 4: Users receive stablecoin in their wallets
2. Save
The Samecoin protocol also provides a “Smart Contract Save” that generates a substantial interest rate. Whenever a user chooses to keep their SAME stablecoin, the smart contract will automatically deposit the supported stablecoin (eg, USDT/USDC …) into a market -tested DeFi app such as Ellipsis or PancakeSwap to generate revenue (other sources of revenue, such as liquidation tokens, will also be included).
3. LP betting
Samecoin Protocol provides LP Stake Smart Contract that encourages users to become liquidity providers. For example, you can deposit Samecoin and SameUSD into a pool of liquidity created in PancakeSwap to receive an SAMA-SUSD LP token .
After that, install the token LP SAME-USD into groups Stake LP to immediately get a Samecoin.
4. Government
Under update
Samecoin Token Details:
Ticker: Samecoin (SAMA)
Contract Address (BSC): 0xd53f8bd5e8e6114a29d12dfe264f2a565c18b825
Contract Address (HSC): 0x3f9b86987b96db944b34a6a2483d488369a41e3f
Chain:
1. Binance Smart Chain (BEP20)
2. Hoo Smart Chain (ORC20)
Total Supply: 100,000,000
Distribution
Like many other cryptocurrencies, the supply of Samecoin tokens is limited. This means that, according to the rules of the Samecoin Protocol, there will only be 100 million Samecoin.
64% of it will be given to the community (Liquidity Providers & DAO), 36% will be distributed to Seed Fund Investors, IDOs, IEOs, advisors, and teams.
Community (Provision of Liquidity)
Because this is a Defi project, 32% of Samecoin is dedicated to those who contribute to the community. Based on different smart contracts, the distribution is also different.
Mint 4.8%
(4,800,000 SAMA)
Save 9.6%
(9,600,000 SAMA)
LP Bet 17.6%
(17,600,000 SAMA)
The 3 parts of this prize will be released linearly in 4 years, which means that the Samecoin release rate will be adjusted once a year:
first year – 34%
2nd year – 28%
3rd year – 22%
4th year – 16%
Road map
Q3 2021 –Samecoin IDO
Q4 2021 – Release of SamePay on Android
Q1 2022 – Release of SamePay on iOS
Q3 2021 –Samecoin IDO
Q4 2021 – Release of SamePay on Android
Q1 2022 – Release of SamePay on iOS
Q 3 2021 –Samecoin IDO
Q4 2021 – Release of SamePay on Android
Q1 2022 – Release of SamePay on iOS
Our team
Robert Sils – Head of marketing
Vladimir Lisichnik – Chief Financial Officer
Mr. KEY – Advisor
Kurt Farrugia – Product Leader
Robert Sils – Head of marketing
Conclusion
Blockchain technology has disrupted several industries, especially the financial industry. Cryptocurrency contributes a large number of world assets with a total market capitalization of $ 2.3 trillion. Therefore, there is a need to facilitate payments made with stablecoin and SamePay Samecoin – the payment gateways of the Samecoin ecosystem have successfully offered a viable solution.
Useful links to projects:
Website: https://samecoin.com/
Twitter: https://twitter.com/SamecoinCom
Facebook: https://www.facebook.com/SamecoinCom
Media: https://medium.com/samecoin
Telegram: https://t.me/Samecoin
Instagram: https://www.instagram.com/samecoinofficial
Username: Gorontaloe
Link: https: //bitcointalk.org/index.php? Action = profile; u = 3198752
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