Samoyed Coin: A Good Investment Or Just Another Meme Coin?

Samoyedcoin (SAMO) is a decentralised cryptocurrency built on blockchain technology. It is Solana's first memecoin and was created to promote, educate and support the Solana ecosystem. It 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.

SAMO is available for purchase on several centralised and decentralised exchanges, including OKX, Gemini, Kraken, Gate.io, Orca, Raydium, and more. It can be used for various digital payments and transactions within its ecosystem.

The question for prospective investors is whether it will manage to break into the top of the market.

Samoyed Coin's burn policy

Samoyedcoin (SAMO) is a decentralised cryptocurrency built on blockchain technology. It is Solana's first memecoin and was launched in April 2021 with a maximum supply of 14 billion tokens.

As of 2022, 54% of SAMO's total supply had been burned, reducing the maximum supply to 4.746 billion SAMO. This burn policy is intended to increase the value of the remaining tokens.

• 9,254,000,000 (66.1%) for burns
• 2,016,000,000 (14.4%) for airdrops
• 1,400,000,000 (10.0%) for marketing
• 784,000,000 (5.6%) for gradual release
• 540,000,000 (3.9%) for the core team

The burn policy, along with the coin's well-established system, makes Samoyedcoin a promising cryptocurrency. It is expected to become more valuable over time, with its price multiplying by 10 by 2027.

However, it is important to note that Samoyedcoin is still a relatively young project and is subject to the volatility of the cryptocurrency market.

Solana's influence

Samoyedcoin (SAMO) is a Solana-based memecoin that aims to promote, educate, and support the Solana ecosystem. It is a decentralised cryptocurrency built on blockchain technology, with a unique marketing and community-building philosophy.

The coin was born in 2021, amid the rise of memecoins and Solana, to leverage the potential of online communities and the advantages of Solana. SAMO is an emerging digital asset that backs a community focused on onboarding Solana users, educating market participants, making personal connections, and helping each other navigate life.

Solana's technological advantages were a key factor in SAMO's decision to build on its blockchain. Solana offers fast transaction speeds (less than a second), low transaction costs (a fraction of a penny), and high energy efficiency (similar to a Google search). These features make SAMO more efficient and eco-friendly than other dog coins like Dogecoin and Shiba Inu.

SAMO's vision is to accelerate the adoption, development, and growth of the Solana ecosystem. Its mission is to establish itself as Solana's ambassador by pushing the limits of what's possible for a Web 3.0 community. The strategy is to provide market participants with the knowledge, resources, and community to better navigate Solana, crypto, and life.

The SAMO community, known as "The Samo Famo", fosters a no-shill, non-contentious, transparent, and free-spirited culture. This sets it apart from other meme coins and community coins, which often employ deceptive tokenomics and aggressive marketing campaigns.

In conclusion, Samoyedcoin's influence as Solana's ambassador is evident through its focus on leveraging Solana's technological advantages, its unique community-building approach, and its vision to accelerate the growth of the Solana ecosystem.

Transaction costs and speed

Samoyedcoin (SAMO) is a decentralised cryptocurrency built on blockchain technology. It aims to provide a secure, private, and efficient way to transact online. It is the first memecoin issued on the Solana blockchain.

The transaction cost for Samoyedcoin is $0.0005, which is significantly cheaper than Dogecoin and Shiba Inu. Dogecoin transactions typically range from $0.10 to $0.30, while Shiba Inu transaction fees are usually anywhere from $5 to $30 or more due to being built on the Ethereum blockchain, which is often congested.

Samoyedcoin transactions are also faster than Dogecoin and Shiba Inu, taking 0.8 seconds compared to the 60 seconds of Dogecoin. This is due to the Solana blockchain's unique method of verifying transactions, which combines proof of stake with its own system, proof of history.

The energy used per transaction for Samoyedcoin is 1,837 Joules, which is about the same as a Google search. This makes it much more energy-efficient than Dogecoin and Shiba Inu.

Samoyedcoin's low transaction costs, high speed, and energy efficiency are some of its key selling points, making it a competitive option in the cryptocurrency market.

The influence of famous personalities

Samoyedcoin (SAMO) is a cryptocurrency that is supported by famous personalities. Anatoly Yakovenko and Sam Bankman-Fried, the president of FTX, supported the creation of the coin. These two individuals were also among the main actors in the creation of Solana, the blockchain that SAMO is issued on. Solana is one of the most advanced smart contract blockchains, and its technological advantages allow for faster, cheaper, and more energy-efficient transactions than its competitors.

The coin's founders, who go by the pseudonyms smsl and Hot Onion, decided to build on the Solana blockchain not only because of its technological advantages but also because of the opportunity to add some fun to the ecosystem. The SAMO community, also known as "The Samo Famo", fosters a no-shill, non-contentious, transparent, and free-spirited culture. This sets them apart from other meme coins and community coins, which are often founded on dishonest practices, deceptive tokenomics, and aggressive marketing campaigns.

The unique philosophy and culture of the SAMO community, combined with the support of well-known individuals in the crypto space, likely contribute to the coin's popularity and potential for success.

Scalability and security

Samoyedcoin (SAMO) is a cryptocurrency that supports a community dedicated to onboarding Solana users, educating market participants, building personal connections, and assisting one another in navigating life.

Scalability

Samoyedcoin is built on the Solana blockchain, which is known for its speed and efficiency. Transactions on Solana take less than a second to complete and use as much energy as a Google search. This makes Solana the most efficient and eco-friendly blockchain around.

Samoyedcoin has a maximum circulating supply of 4.746 billion SAMO, and no more will ever be created. The token can be sent and received in 0.8 seconds, and sending SAMO costs $0.0005.

Security

Solana uses a hybrid consensus technique that combines proof of history (PoH) to ensure that the blockchain is fast while maintaining decentralized security. PoH gives cryptographic evidence of each message's relative order and time in the historical record, allowing Solana to push the boundaries of confirmation times.

Samoyedcoin is also an experimental Web 3.0 community coin that aims to foster a no-shill, non-contentious, transparent, and free-spirited culture. This differentiates it from other meme coins and community coins that are founded on disingenuous practices, such as deceptive tokenomics and aggressive marketing campaigns.

In terms of purchasing, Samoyedcoin can be bought via a centralized exchange (CEX) or a decentralized exchange (DEX), such as Orca or Jupiter. It is also available on major NFT marketplaces like Tensor, OpenSea, Magic Eden, and Solanart.

Frequently asked questions