Samecoin Protocol.

 

Samecoin Protocol.

About the Samecoin Project?

Samecoin Protocol is a decentralized stablecoin protocol running on Binance Smart Chain, with lots of other features which let you mint, save, LP stake, and manage your tokens.

It is fast & cheap enough that anyone can easily use SAME and SUSD in on-chain or off-chain applications. 

Mission

By focusing in on the ease and customer experience points, these new things can resolve the issues of why crypto has not by and large embraced; for the conventional Joe, crypto is hard to appreciate and there aren't any wallets or applications which are not hard to use. Anyone with induction to a web affiliation and a cell or a PC can use the things which make up the Samecoin organic framework.

Samecoin Features:

1. Stable

Samecoin’s family of stablecoins are focused at giving the everyday user the perfect cryptocurrency for their everyday digital payment needs, just like Satoshi’s vision in the original Bitcoin whitepaper.

2. Decentralised

Samecoin incorporates the benefits of decentralisation by developing an economy that can be self regulated and not controlled by the chosen few.

3. Payments-driven

The Samecoin ecosystem is focused on providing the most intuitive and accessible payment infrastructure, thanks to reliable stablecoins and crypto payment products.

4. Verifiable

The reserve of the Samecoin stablecoins can be verified by anyone, making them a truly trustless, decentralised form of money.

Samecoin Protocol's utility token

The essential utility token for the ecosystem known as Samecoin ($SAME). This can be bought in raising help bargains, or obtained as compensations for playing out explicit activities. It can moreover be set apart for vSamecoin, which is used to settle on the organization of the entire stage. Holders of Samecoin get lessened charges while using the SamePay stage.

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

The basics

Samecoin token is the medium through which the protocol enforces governance, reward users, incentivizes activity, and provides a medium to raise capital.

• Governance - Samecoin is the governance utility token that manages the Samecoin Protocol and ecosystem. Samecoin is a token that developers create, allowing token holders to help shape the future of the Samecoin Protocol. Staked Samecoin holders can exercise their right to vote on or propose new ideas that can be used to improve the Samecoin Protocol. Samecoin holders can also influence decisions concerning the project by proposing or deciding on new feature suggestions and even changing the governance system itself. The amount of Samecoin a node holds is one of the factors that determine its reputation.
• Liquidity Rewards - Samecoin is earned by performing critical platform functions (Mint, Save, LP Stake and Governance), and it promotes the liquidity of the Samecoin Protocol. Samecoin can also be purchased directly from liquidity providers who sell their Samecoin, along with decentralized exchanges such as Uniswap or centralized exchanges such as Binance. Wallet-like Samepay can also help users access Samecoin easily.
• Gas Fee - Samecoin derives its value from its ability to successfully execute Samecoin protocol Smart Contracts. Most notably, Samecoin is built into the network itself and is the only currency that can be used for key network operations. For example, Samecoin is used to pay node operators that retrieve data. In this way, it also plays a necessary role in moderating interactions among Samecoin protocol users.

Samecoin serves as a deposit that is required by the smart contract creators and paid by the oracles. This fee is refunded if their services are not accepted or once they complete the task. The smart contract creators keep the fee if an oracle fails to complete their end of the contract.

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%

DAO - Governance

DAO will help the community govern the Samecoin Protocol at a suitable time. Thus, we plan to commit 32% share to motivate the community to take part in DAO governance.

Seed Fund Investors

The speed of technological innovation changes with each passing day. The best way to avoid a cold start is by using a seed round (3%) to detonate and speed up the progress of the entire project.

IDO

IDO will benefit DeFi users who are willing to participate in the Samecoin issuing and Dapp in blockchain via their own wallets. Thus, we plan to leave 8% share for these users.

IEO

IEO is planned for the user who does not know how to take part in DeFi or is unwilling to participate in the DeFi app. Thus, we plan to leave 5% share for these users.

Team

We will reserve 18% of the share to ensure that project development tasks proceed smoothly. This is to support the development efforts of the teams, developers, and third-party communities who promote the implementation of projects and protocol, This will also provide incentives to ensure the long-term passion and fighting spirit of the team.

Grant

Finally, 1% of the share will be used for marketing activities. Another 1% will be used to reward consultants who have helped the project.

Conclusion

Samecoin simplifies it for anyone to fathom the value of their automated cash and use it for ordinary purchases, nearby an extent of employments to help with simplifying it for them. While an extensive parcel of these courses of action enjoy their own free benefits, you'll after a short time see how using all of them together could be substantially more beneficial. Whether or not you're a business expecting to draw in a more broad market and profit by faster trade times or regardless of whether you're a purchaser who needs to use crypto suitably as a spendable money, Samecoin could be for you.

For more information

• 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