Samecoin Protocol is a decentralized stablecoin protocol.

 

Samecoin

What is Samecoin?

Samecoin and its family of stablecoins are built with digital payments in mind, with fiat-like values, stable value and low fees, bringing together the benefits of cryptocurrency and fiat.

Revolutions rise when we see problems that cannot be solved with the systems currently in place. With the Samecoin Ecosystem, we’re building products that bring the benefits of blockchain technology in the payments and authentication space.

We can put crypto in the hands of consumers and business owners in a way that’s more accessible and easy to use.

Samecoin Features:

1. Mint & Redeem

Minting is storing stablecoins to the pool and create corresponding SAME stablecoins at a specific ratio. Redemption is just the oppositeMinting is storing stablecoins in the pool to create correspond

Mint

Mint Smart Contract holds the user's stablecoin and mints SAME stablecoin to users. Users can mint SAME stablecoins at any time by following the below steps:

• Step 1: Choose a stablecoin & enter the amount which they want to send
• Step 2: Smart Contract will calculate and show the real-time mint rates
• Step 3: Confirm & send the transaction
• Step 4: User receives the SAME stablecoin in their wallets

The core of Mint Smart Contract is the algorithm of converting ratio between SAME stablecoins and others. The Samecoin Protocol needs significant data and work before it reaches the final conceived stage. Therefore, two phases are planned to reach the scale step by step.

• Phase 1: The converting ratio of a stablecoin for SAME-Stablecoin is fixed at a 1:1 ratio.
• Phase 2: Based on the complete Mint Smart Contract implementation (as mentioned below), the converting ratio will be flexible.

Redeem

User can redeem their SAME stablecoin at any time based on the below steps:

• Step 1: Choose a stablecoin & enter the amount they want to receive
• Step 2: Smart Contract calculates and shows the real-time mint rates
• Step 3: Confirm & send the transaction
• Step 4: User receives the stablecoin in their wallets

2. Save

Samecoin Protocol also provides a “Save Smart Contract” that generates a considerable interest rate. Whenever users choose to save their SAME stablecoins, smart contracts will automatically deposit the backed stablecoins (e.g., USDT/USDC ...) to the market-tested DeFi applications such as Ellipsis or PancakeSwap to earn income (Other sources of income, such as token liquidations, will also be included).

3. LP Stake

Samecoin Protocol provides a LP Stake Smart Contract that encourages users to become liquidity providers. For example, you can deposit Samecoin and SameUSD into a liquidity pool which is created at PancakeSwap to receive SAME-SUSD LP tokens.

After that, stake the SAME-SUSD LP tokens into the LP Stake pool to get the Samecoin rewards immediately.

4. Governance

Under update

Samecoin Token Details:

• Ticker: Samecoin (SAME)
• 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 Samecoin Protocol’s rules, there will only ever be 100 million Samecoins.

64% of it will be rewarded to the community (Liquidity providers & DAO), 36% will be distributed to Seed Fund Investors, IDO, IEO, advisors, and the team.

Community (Liquidity Providing)

Because it is a Defi project, 32% of Samecoin is dedicated to those who contribute to the community. Based on the different smart contracts, the distribution also differs.

• Mint 4.8%

(4,800,000 SAME)

• Save 9.6%

(9,600,000 SAME)

• LP Stake 17.6%

(17,600,000 SAME)

These 3 parts of rewards will be released linearly in 4 years, which means that the Samecoin release rate will be adjusted once a year:

• 1st year - 34%
• 2nd year - 28%
• 3rd year - 22%
• 4th year - 16%

Roadmap

Q3 2021 - Samecoin IDO

Q4 2021 - SamePay release on Android

Q1 2022 - SamePay release on iOS

Q3 2021 - Samecoin IDO

Q4 2021 - SamePay release on Android

Q1 2022 - SamePay release on iOS

Q3 2021 - Samecoin IDO

Q4 2021 - SamePay release on Android

Q1 2022 - SamePay release 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 finance industry. Cryptocurrencies account for a significant amount of world assets with a total market cap of $2.3 trillion. Therefore, there is a need to facilitate payments made with Samecoin’s stablecoins and SamePay — a payment gateway from the Samecoin ecosystem has managed to offer a feasible solution.

Useful links to the project:

• Website : https://samecoin.com/
• Twitter : https://twitter.com/SamecoinCom
• Facebook : https://www.facebook.com/SamecoinCom
• Medium : https://medium.com/samecoin
• Telegram : https://t.me/Samecoin
• Instagram : https://www.instagram.com/samecoinofficial

AUTHOR

Bitcointalk Username: jamaah45

Telegram Username: @jamaah

Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=2502762

BSC Wallet Address: 0x7A5df2D8D32b8f8e4FC6BF71D2BDfe69992D1C1B