SAITO

SAITO is a Layer 1 blockchain, built on forging the power of dApps in users’ browsers. Unlike most blockchains, SAITO pays Internet Service Providers (ISPs) to transmit the data, allowing dApps to run without intermediaries. This is a structure that allows for decentralization and a user driven internet where applications can scale and still be transparent and secure.

Project Goals and Objectives

SAITO’s goal is to overcome scalability and decentralization hurdles in blockchain ecosystems. SAITO rewards ISPs instead of relying on traditional miners or stakers to achieve a decentralized, efficient, low-cost platform for apps. They aim for a blockchain architecture that is sustainable from the dApp point of view, meaning not falling into the pitfalls of traditional blockchain architectures.

Tokenomics

SAITO’s tokenomics consists of a total token supply of 7 billion SAITO tokens and around 4.2 billion of which are currently in circulation. The balance between development and future production is left on the remaining tokens. Moreover, some of the tokens flow through the circulation to holders as ERC20 / BEP20 tokens in order to enable migration onto the SAITO blockchain when required, keeping the liquidity and flexibility at hand.

ICO Information

SAITO has raised a total of $6.32 million through eight fundraising rounds, which included Initial DEX Offerings (IDOs). SAITO tokens were first sold on the ERC20 standard, at a price of $0.004 per token. With significant growth potential in the blockchain market, the current fully diluted valuation of the project is estimated at $15.03 million.

Technology Features

SAITO is a technology that compensates ISPs for transmitting data, and the lack of miners or stakers is due to a unique consensus mechanism. As a result, this model enables browsers to run decentralized applications directly, it’s a very scalable and secure environment. At the same time the network also safeguards against man-in-the-middle attacks, assuring the security and privacy of its users.

Team and Leadership

David Lancashire and Richard Parris, ex software architects for the London Stock Exchange group, lead the SAITO team. On their side is an extremely deep expertise in financial technology and blockchain development. SAITO benefits from experienced developers having a good history in Web 3 and fintech, as well as leadership and vision.

Roadmap

SAITO’s roadmap is organized in several key phases, beginning with laying down a solid network foundation. The "Dawn of Persistence" phase is to build a rewarding ecosystem by bringing users and developers in. The project is currently in the 'Open Era,' where it is building out advanced features including Ethereum Virtual Machines (EVMs) and Layer 2 support for multi-environment plugin support.