This marked an increase of around 4,700% in less than a month, generating huge profits for traders.Īfter that, the price had a huge dip and dropped to around $0.07.
SAMO reached an all-time high of $0.24 by the end of October. After that, the price started surging upward at huge rates as the hype for meme coins intensified. In October, the price of SAMO started to slowly increase and got above the initial starting price for the first time in Samoyedcoin’s history. After that, the price went further down, and it averaged $0.002 in the following months. Samoyedcoin (SAMO) Price AnalysisĪccording to CoinMarketCap, Samoyedcoin started its journey at around $0.02. Another 10% is set to be used for marketing and development purposes, and 3.9% is distributed to the Samoyedcoin team. The circulating supply of Samoyedcoin is 2.73 billion SAMO, where 14.4% was given through airdrops and 5.6% were released slowly and automatically. Since 2.1% were burned initially, another 64% were set to be burnt on other occasions (3 events). The maximum supply of Samoyedcoin is 14 billion SAMO. Now, let’s look at the tokenomics of Samoyedcoin. This helps users to easily and directly trade SAMO tokens with other Solana-based tokens Last but not least, Samoyedcoin has its own Decentralized Exchange, the Samo DEX.
This is also done for the Solana ecosystem. Samo Airdrop Tools is another feature that aims to help users by providing airdrop and token distribution campaigns. One of them is Samo Tips, which aims to help users to create tipping portals in the Solana ecosystem with HTML codes that are generated automatically. Samoyedcoin has other features that are still under development and are set to be improved in the coming weeks. This is planned to be done together with Solanart. In the coming weeks, Samoyedcoin plans to deploy Non-Fungible Tokens (NFTs). Another 5% of the maximum supply was burned for the same reason, but in this case to honor Sam Bankman-Fried.ĭuring the summer, the Samoyedcoin developers announced that a 54% burning plan was initiated, where 500 million SAMO tokens would be burned each month. In May of this year, an additional 5% of the total supply was burned with the purpose of respecting Anatoly Yakovenko, one of the inspirational figures behind the project. From the initial total supply, 14% was airdropped throughout the community members.Ģ.1% of that amount was burned, and another 1.4% was designated for meme contests in the Samoyedcoin community. Initially founded in April of 2021, it became the first meme-influenced cryptocurrency in Solana. Samoyedcoin is community-driven, and it is slowly following the footsteps of Dogecoin, but it is increasing at larger rates recently. Many perceive Samoyedcoin to be the Dogecoin of Solana. Being one of the few Dogecoin-like cryptocurrencies in Solana, Samoyedcoin has grown massively in recent weeks. While it started as merely a meme coin, Samoyedcoin is now Solana’s ambassador. Samoyedcoin has brought communities together due to its name as well as its cuteness. Besides that, Samoyedcoin also contains the name of Sam Bankman-Fried, the CEO of FTK and a well-respected figure on the Solana ecosystem. The Samoyed dog breed is a Russian-originated breed (Eastern Europe), same as the co-founder of Solana, Anatoly Yakovenko. Similar to Dogecoin, Samoyedcoin’s face is a dog breed. Samoyedcoin is a Dogecoin-influenced cryptocurrency. In this article, we are going to go through the main components of the project as well as price predictions for the future of Samoyedcoin. But before you invest in a coin such as SAMO, you should know the fundamentals of the project. Samoyedcoin (SAMO) is slowly becoming more potent in the market as its community is growing at a large rate. Perhaps one that has the potential to join the ranks among DOGE and SHIB is Samoyedcoin (SAMO). While meme coins may not have a long lifespan, few have solidified their place in the market the same way as Dogecoin (DOGE) or Shiba Inu (SHIB). With new cryptocurrencies being added every day, not all of them manage to climb up the ranks and remain demanded by investors. Dogecoin-influenced cryptocurrencies have been some of the most important investments of 2021.
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