In my opinion, it is a buy at $0.016 at 35M Market cap and 160M fully diluted market cap. I will accumulate upto 50M market cap.
Below are some of the reasons to be bullish.
- It is an impressive project. POW with true decentralization, openness, reward system that allows better scaling and faster transaction. They have patented the technology.
- Team is engaging- truly dedicated for the tech and to build a better blockchain. They are active and doing AMAs quite often.
- Those who gets the SAITO's idea- become Saito Maxi (Just like Bitcoin Maxi).
- SAITO will launch their main-net in 2023. Although team has been in works for several years.
- It competes with Bitcoin, but it will have scripting and Layer 2 EVM for smart contracts. Giving it endless possibilities.
- There are competitors with more hype like Kaspa in POW space. But SAITO holds it's ground due to some features like open-ness(allowing better decentralization) and smart reward system.
- Only not so impressive aspect is the developers in the team. I hope they pull off this massive idea.
- Tokenomics does not look that great. 30% for the team and Dev. Foundation and strategic partners another 30%. Show Less