SAT is short for Satoshi and the smallest unit of Bitcoin; is the child of Bitcoin, known as the Bitcoin Renaissance. He recently introduced his e-commerce features to the cryptocurrency market.
Melbourne, Australia, April 10, 2022 (NEWSCALL) -- SAT It is the world's first decentralized digital stablecoin. It has developed new features to facilitate its priceless investors. In a recent development, SAT launched an e-commerce platform. It realizes the original intent of bitcoin when it was created: becoming peer-to-peer electronic cash will also set foot on the road to the real world. Currency development, founders may find that a currency must have a purpose and an application to become a "universal equivalent."
Also, SAT as a practical Bitcoin token, synchronizes the released amount of Bitcoin. After a consensus of the development team and the participating development community, the amount of SAT will have an allocation below: The total amount of SAT is 21 billion and each block reward started from 12,500, but since Bitcoin is reduced in half for the third time. For synchronizing, the genesis block reward will have 87.5% of the SAT.
As the company decides to synchronize the amount of Bitcoin and use this 87.5% to create application value for the SAT. For those people who doubt that this pre-mine is unfair, the people state that the 87.5% SAT of the genesis block will be separated into 3 public wallet addresses under the supervision of the SAT community and will be used for hedging, development plan and exchange guarantee, etc. To maintain the value of the SAT, the community only pays for the SAT from public wallets which would help the future of the SAT.
The SAT does not deny that currency keeps the world running. No matter where people are or what fiat currency of the country they are using, currency has always been a part of daily life. People earn money through hard work and pay for products, services, and experiences. Currency is a necessity in everyone's life and has always been a means of barter and trade. Considering this, the SAT initiates new application scenarios for potential users.
New application scenarios for potential users.
SAT has made its contribution to the popular GameFi in 2021 and 2022. Among them, the world's first Play2Earn mobile game called "Restart", designed by The Sun Fintech (HK), is taken as the application scenario, and SAT is used as the means of payment. currency having interacted with the real world and became the first step in realizing the SAT anchor as a universal equivalent. The game is currently available in both Chinese and English and is being released in various countries/regions including Taiwan, Malaysia and Singapore with a growing number of players.
The reboot takes the SAT as its payout currency, and the audience only covers its players, while the SAT's online mall launching in April will make a difference. It is not only the world's first online shopping mall to use cryptocurrency payment, but also a huge step forward for the cryptocurrency industry as cryptocurrencies have finally moved from the financial system to the trading system.
Potential users may think of online shopping mall as something like Taobao, Shopee, Ebay, etc. The payment is no longer the standard fiat currency but SAT. In doing so, the SAT will act as a universal equivalent and will anchor its price to people's clothing, food, housing, transportation, and various goods and services. The mentioned basic functions: medium of exchange, store of value and accounting unit are consistent with the application scenario of this online shopping mall.
With the support of this application scenario, it can even be said that it fully meets the requirements of a coin. The large number of potential users that can be covered helps promote recognition of the value of the SAT. These features also made it the game changer of the marketing model of most cryptocurrencies, as the founders of SAT quote: โBelieve it before you see itโ.
Typical cryptocurrency ecosystems always take a long time to develop. But in its second year of existence, the SAT already has a rich and essential ecosystem: "Restart" and an online shopping center, and has already begun to anchor goods and services. Therefore, people can exchange SAT as currency for goods and services. This rapid development of the ecosystem is rarely seen in the cryptocurrency industry, but the sincerity of the SAT team can be seen, significantly increasing the trust of their followers.
The SAT is the anchor for the price of goods and services, but that did not prevent its price from skyrocketing from $1 to $69,000. SAT is bound to increase in value on such favorable terms as its application scenarios come online, just like Bitcoin. It is not very smart to choose to take the opportunity or to lose it again.
Prospective cryptocurrency enthusiasts should visit the website: https://www.satcoin.net/en/home to better understand the SAT project.
Media contact
Name: Charles Olson
Email: Marketing@satcoin.net
Company: SAT Coin
Website: https://www.satcoin.net/
Disclaimer:
The information provided in this release is not investment, financial or business advice. It is recommended that you practice due diligence (including consulting with a professional financial advisor before investing or trading securities and cryptocurrencies).
