What is Samoyedcoin (SAMO)?
Samoyedcoin (SAMO) is a memecoin developed on Solana platform, was born to promote, educate and support the Solana ecosystem. Seeing the potential of online communities, the advantages of Solana and the influence dog coins have in onboarding new market participants, marketing their underlying blockchain, and infiltrating modern-day culture, SAMO pivoted from a “memecoin” to an experimental Web 3.0 community coin. We take inspiration from all those buildings in the Solana ecosystem.
SAMO is an emerging digital asset that backs a community concentrated on onboarding Solana users, educating market participants, making personal connections, and helping each other navigate life.
The Samoyed is a breed of dog native to Eastern Europe, similar to Solana’s beloved co-founder Anatoly Yakovenko.
- Their Vision: Accelerate the adoption, development, and growth of the Solana ecosystem.
- Their Mission: Establish Samoyedcoin as Solana’s ambassador by pushing the limits of what’s possible for a Web 3.0 community.
- Their Strategy: Provide market participants with the knowledge, resources, and community to better navigate Solana, crypto, and life.
Detail information about SAMO
- Token name: Samoyedcoin.
- Ticker: SAMO.
- Blockchain: Solana.
- Standard: SPL.
- Contract: 7xKXtg2CW87d97TXJSDpbD5jBkheTqA83TZRuJosgAsU.
- Token type: Meme.
- Total Supply: 14,000,000,000 SAMO.
- Circulating Supply: 3,657,134,467 SAMO
- Burns: 66.1%
- Airdrops: 14.4%
- Marketing: 10.0%
- Gradual release: 5.6%
- Core team: 3.9%
What is SAMO used for?
Suppose Bitcoin and Ethereum currencies were developed to build a new form of decentralized currency, helping to promote and optimize many industries in the world. In that case, the SAMO coin meme is applied to make money fast.
SAMO is a cryptocurrency created by influential celebrities so the growth rate is explosive. But basically, they are unstable and only “storm” in a short time. Because if investors turn their attention to other new coins, the price of SAMO will also plummet accordingly.
In short, investing in meme coins like SAMO will give you a short-term increase in profit, but it cannot be long-term and comes with high risks, as it does not have a development team and long-term vision.
Roadmap and Wins
Q2 2021
- Birth of $SAMO, first memecoin built on Solana.
- 13% of the max $SAMO supply airdropped to our community members.
- The first batch of $SAMO is burned (2.1%) and 1.4% of the max $SAMO supply is distributed in a meme contest.
- 5% of the max $SAMO supply is burned in an event to honor Anatoly Yakovenko with a vanity address.
Q3 2021
- $SAMO develops Samo Tips as its submission for the 2021 Solana Season Hackathon.
- 5% of the max $SAMO supply is burned.
- The 54% burn plan of the max $SAMO supply is initiated to celebrate the start of Solana Summer. 500 million tokens are burnt on a random day every month.
Q4 2021
- SAMO is listed on Gate.io
- SAMO took rank as the 3rd largest “memecoin” according to CoinMarketCap.
- OKEx Lists Samoyecoin
- SAMO realized a record $103M in 24-hour trading volume.
- BetDEX announces partnership in accepting SAMO for wagers on their upcoming platform.
Q1 2022
- Samo NFTs are launched. The first Solana NFT to be minted using its own currency in this case $SAMO.
- Samoyedcoin’s official Swag store has been launched
- SAMO becomes an official sponsor of Solana Hacker House
- @samoyedcoin surpasses 70k Twitter followers.
- The official White”paw”per is released
- The Samo Academy is launched
Q2 2022
- Rank #1 SAMO NFT sold for 465 SOL
- SAMO is listed on Kraken Exchange
- The official Samoyedcoin Validator is launched and quickly surpasses 25,000 SOL staked
- SamoDAO is announced along with Samoyedcoin donating 25K USDC, 70 SOL, and 100M SAMO, agreeing to 50% of all SAMO NFT royalties going to the DAO treasury.
- DogCoinComparison.com goes live with Samo Swap utility added to the site soon after
Q3 2022
- SAMO was integrated into the Zebec protocol
- SAMO partners with Tiplink and attends Lollapalooza onboarding hundreds of attendees to Solana and SAMO.
- SAMO Validator surpasses 42,690 staked
- Gemini lists SAMO
Products of SAMO
- Samo Tips: SAMO will generate an embedded HTML code that you can use to set up your tip portal – TIPS Samoyedcoin. The included tools allow you to get a list of any token holders with min/max/random distributions, as well as simple and proportional distribution options.
- Samo Airdrop – This is a tool that helps you get a list of SAMO holders, min, max, and random distributions, as well as airdrop options.
- Samo Dex – Helps provide additional trading information for any pair listed on Bonfida. Bonfida is an exchange developed by Solana blockchain.
Advantages of Samoyed
– Clear Purpose: It aims to grow the Solana ecosystem beyond its core, largely composed of high-tech coins.
– The community is already strong: SAMO is only a few months old and growing, reaching people who are not interested in cryptocurrencies. It has all the advantages of the Solana blockchain (high scalability, high speed, low fees), and is a fun cryptocurrency to trade.
– Although it was initially released as a meme coin, SAMO has evolved into Solana’s mascot and messenger. By helping attract newcomers to Solana, and creating exciting new solutions for the ecosystem, the cutest dog can do it all.
Should we invest in Samoyedcoin Token?
SAMO is implemented in the same way that Dogecoin has been developing. Whether to invest in Samoyedcoin Token or not is up to you. For example, if you are interested in it and love its community, you can choose to buy and apply a continuous buying and selling strategy for long-term storage. In case you want to speculate to earn attractive profits, you should ignore this one because the current market has more valuable opportunities.
Samoyedcoin Token can bring a lot of potential value to holders because many big sharks are keeping an eye on it. Hopefully, with the information about Samoyedcoin (SAMO) of Crypto Insights, you guys will have a comprehensive view to make the right choice in investing in SAMO.