The Super Algorithmic Token (SATO), a next-generation stablecoin, is ready to distribute 500.000 tokens to select Defi users, starting April 5 through April 25. According to the press release, the 500.000 SATO tokens will represent just 10% of the coin's full availability.
Who will be the lucky owners of the first SATO tokens
The team behind the SATO stablecoin will distribute the tokens to cryptocurrency enthusiasts based on retroactive actions on select decentralized financial platforms. The four selected DefI platforms that will see their communities awarded include BADGER, DIGG, AMPL holders and Gitcoin donors.
In particular, on 25 March a snapshot of the four selected projects was taken, with 50.000 unique addresses qualified for the airdrop. Each address is eligible to receive 10 SATO tokens, so users are expected to claim them within 21 days of launch.
The team that developed the SATO token has created other means for cryptocurrency enthusiasts that will allow them to make passive income. “In addition, the SATO project offers additional earnings through participation in the coin staking that started on March 16, 2021, on SwapAll and will soon be available on multiple platforms such as Ethereum, Binance Smart Chain and Huobi Eco Chain, ”the company underlined in the press release.
A safe and reliable project
Through the airdrop addressed to several members of the crypto community, the team behind the SATO stablecoin intends to make the project as popular as possible to improve token adoption around the world. In addition, they offer a next-generation type of stablecoin that operates on level 2. As a result, transactions are executed faster and with minimal commission.
In particular, SATO tokens are not pegged to any global currency or asset. In fact, they operate on a supply and demand mechanism. The project is proud of the fastest algorithmic stablecoin that supports the rebase of multiple smart chains.
In an attempt to ensure transparency and credibility for its users, the SATO project was verified by Beosin Blockchain Security. Furthermore, the project was built on level 2 technology with a simple to use application.
The SATO project seeks to solve the existing challenge with most stablecoins, especially for transaction fees. The team is venturing into a market that has grown exponentially over the past few months. The stablecoin market has a capitalization of around $ 68,6 billion with nearly three times the volume of the metrics provided by CoinGecko.
The SATO project aims to advance the decentralized financial ecosystem at a time when there is a notable increase in the global adoption of cryptocurrencies.
Probably, if the project is successful, in the future it will be possible to trade SATO even on popular platforms such as Bitcoin Pro, in order to allow even beginners to trade profitably and without taking excessive risks.