Satoshi Coin Introduction — Binance Smart Chain

Satoshi Coin
1 min readApr 3, 2021

Satoshi Coin is a meme powered decentralized token, deployed on the Binance Smart Chain (BSC). Satoshi Coin (ticker=$SAT) is created in tribute of Satoshi Nakomoto, and we hope to establish a thriving community driven token on Binance Smart Chain. $SAT is a RFI fork which applies a 1% transaction fee on every transaction, this transaction fee gets equally redistributed between existing $SAT token holders.

The initial 4,500,000 $SAT will be locked for the initial Pancake Swap liquidity, after listing, admin keys will be burnt.

Why Binance Smart Chain

We have chosen to deploy on the Binance Smart chain for numerous reasons however most notable for a decentralized project, other blockchains have slow transaction speed and expensive transaction fees. Our project being community driven, we want $SAT to be accessible for the community to hold whether you have a small / large portfolio. To take it in perspective the Ethereum blockchain processes a standard transaction with a fee close to $100 where as Binance Smart Chain charges between $0.01 — $0.05 for the same service.

Tokenomics

Total Supply: 10,000,000 $SAT
Pancake Swap Liquidity: 4,500,000 $SAT
Team Tokens: 500,000 $SAT
Marketing: 500,000 $SAT
Presale: 4,500,000 $SAT

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