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Sakai Vault

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Discover Sakai Vault's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Sakai Vault?

Sakai Vault (SAKAI) is a decentralized spot and perpetual exchange built on the Binance Smart Chain. It offers low swap fees and zero price impact trades, utilizing a unique multi-asset pool that allows liquidity providers to earn fees from market making, swap fees, and leverage trading. The platform also features a multi-chain decentralized exchange (DEX), staking, a referral program, a lottery feature, and an AI prompt bot that provides insights on trends and developments in the crypto space.

How is Sakai Vault used?

Sakai Vault (SAKAI) is a utility and governance token used within the Sakai Vault ecosystem, which is a decentralized spot and perpetual exchange built on the Binance Smart Chain. The token supports various functions and activities within the platform, including:

  • Staking: Users can stake their SAKAI tokens to earn passive income and participate in the platform's governance.
  • Liquidity Incentives: SAKAI tokens are used to incentivize liquidity providers, who earn fees from market making, swap fees, and leverage trading.
  • Trading: SAKAI tokens can be traded on various exchanges, such as DigiFinex and Gate.io, in pairs like SAKAI/USDT.
  • Referral Program: Users can refer friends to the Sakai Staking program and earn rewards in SAKAI tokens.
  • Governance: SAKAI tokens are used for governance purposes, allowing holders to participate in decision-making processes within the platform.

Overall, the SAKAI token plays a central role in facilitating the operations and growth of the Sakai Vault ecosystem.

How do I store Sakai Vault?

To store Sakai Vault (SAKAI) tokens securely, it is recommended to use a cryptocurrency wallet. There are two types of wallets: software wallets (also known as hot wallets or digital wallets) and hardware wallets (also known as cold wallets). Software wallets are connected to the internet and are less secure, while hardware wallets store crypto keys offline, providing higher security.

For maximum security, use a hardware wallet like Ledger, which comes with a seed phrase that acts as a key to unlock the wallet. It is essential to store the seed phrase in a physical form, such as metal seed phrase storage solutions, to protect it from loss or destruction.

How to buy Sakai Vault?

To buy Sakai Vault (SAKAI) tokens, you can follow these steps:

Buying on a Centralized Exchange
  1. Choose a Centralized Exchange (CEX): Select a reliable and trustworthy crypto exchange that supports Sakai Vault (SAKAI) purchases. Consider the ease of use, fee structure, and supported payment methods when choosing a crypto exchange. Popular options include KuCoin, gate.io, MEXC, and Bitget.

  2. Create an Account: Enter the required information and set a secure password. Enable two-factor authentication (2FA) using Google Authenticator and other security settings to add an extra layer of security to your account.

  3. Verify Your Identity: Complete Know-Your-Customer (KYC) verification, which may require providing personal information and identification documents. This step is necessary to access more features and services on the platform.

  1. Add a Payment Method: Follow the instructions provided by the exchange to add a credit/debit card, bank account, or other supported payment method. The information you need to provide may vary depending on your bank's security requirements.

  2. Buy Sakai Vault (SAKAI): You are now ready to buy Sakai Vault (SAKAI) using fiat currency if supported. Alternatively, you can first purchase a popular cryptocurrency like USDT and then exchange it for Sakai Vault (SAKAI).

Buying via a Crypto Wallet
  1. Choose a Crypto Wallet: Select a reliable and reputable crypto wallet that supports Sakai Vault (SAKAI). Download the wallet application to your device from the Google Play Store, App Store, or as a browser extension.

  2. Create a Wallet: Create a new wallet address or import an existing one if you already have one. Make sure you write down the seed phrase and keep it in a secure place.

  3. Buy Sakai Vault (SAKAI): Purchase the cryptocurrency using a supported payment method. Check the fees, as they may be higher than what exchanges charge. If your wallet doesn’t support direct fiat-to-SAKAI purchases, you can first buy a more popular cryptocurrency like USDT and then exchange it for Sakai Vault (SAKAI) through your crypto wallet or on a decentralized exchange.

Additional Options
  • Decentralized Exchanges (DEX): You can also buy Sakai Vault (SAKAI) through a DEX that supports the blockchain where your Sakai Vault resides.
  • Peer-to-Peer (P2P) Trading: Some platforms, like Bitget, offer P2P trading, allowing you to buy crypto with over 100 payment methods, including bank transfer, cash, and e-wallets.
Post-Purchase
  • Store Your Sakai Vault: You can store your SAKAI safely on your exchange account or on a crypto wallet app like BG Wallet.
  • Monitor and Track: Keep track of your Sakai Vault investment performance and adjust your strategy as needed.

Remember to research and compare fees, security features, and supported currencies before choosing an exchange or wallet.

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History of Sakai Vault

Sakai Vault (SAKAI) is a cryptocurrency that operates on the BNB Chain (BEP20) and is part of the DeFi ecosystem. It aims to accelerate DeFi adoption through its trusted blockchain protocol and unique token economics. The project provides insights on trends and developments in the crypto space, making it a valuable resource for investors and users alike.

Historical data for Sakai Vault is available, showing its price movements over time. The data includes daily, weekly, and monthly formats, allowing users to track the token's performance since its inception. This information is crucial for investors looking to understand the token's long-term value trends and make informed investment decisions.

Sakai Vault has a market capitalization of around $5.6 million, with a circulating supply of 2,081,027 SAKAI tokens. The total supply is capped at 8,000,000 SAKAI tokens. The token's price has fluctuated over time, with a current price of around $2.73.

The project has a strong community presence, with official channels on Twitter, Discord, Medium, and Telegram. These platforms serve as hubs for users to stay updated on project developments, news, and market insights.

Investors can buy and sell Sakai Vault on various cryptocurrency exchanges, both centralized and decentralized. It is essential to do thorough research and understand the risks associated with investing in cryptocurrencies before participating in the market.

Overall, Sakai Vault is a cryptocurrency project focused on DeFi adoption and providing valuable insights to its users. Its historical data and market performance are crucial for investors looking to understand its potential and make informed investment decisions.

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How Sakai Vault works

Sakai Vault (SAKAI) is a decentralized perpetual exchange and a next-generation DeFi platform aiming to accelerate DeFi adoption. It operates on the Binance Smart Chain and incorporates cutting-edge technologies such as AI, bridges, Layer 2 solutions, and Web3 integration to provide advanced features and functionalities to users.

Staking and Rewards

Sakai Vault offers a staking program that allows investors to generate passive income by holding Sakai tokens. The staking program has an Annual Percentage Rate (APR) of 146% and operates on a transparent and decentralized support system. When participating in Sakai Vault Staking, the term deposit is locked for 250 days, but a daily release of 0.4% of the staked amount ensures a consistent and predictable reward structure. Rewards are distributed instantly, and the platform features a simple and user-friendly interface.

Referral Program

Sakai Vault also has a referral program that rewards users for inviting friends to the Sakai Staking. There are no referral limits, and both the referrer and referee receive bonuses immediately once all conditions are met. The more referrals generated, the higher the commissions earned.

Tokenomics

The total supply of SAKAI tokens is 8,000,000, with 18 decimals. The token is classified as a utility and governance token. The token distribution includes allocations for private sales, launchpads, liquidity incentives, incentive programs, CEX listings, ecosystem development, airdrops, DAO treasury, and VC partnerships. Each allocation has specific vesting periods and release schedules.

Trading and Liquidity

SakaiSwap is the decentralized exchange (DEX) component of Sakai Vault, offering competitive rates for token swaps across multiple networks such as Ethereum, Polygon, Binance Smart Chain, Avalanche, and Fantom. It serves as a DEX aggregator and a vital liquidity source within Sakai Vault’s liquidity hub. The platform features capital-efficient liquidity pools that generate fees for liquidity providers, ensuring high capital efficiency and adaptability to market conditions.

Security and Transparency

Sakai Vault has been audited by Certik, ensuring the security and transparency of its smart contracts. The platform's decentralized nature and use of blockchain technology ensure that all processes and operations are automated and executed seamlessly.

Overall, Sakai Vault combines advanced DeFi features with a user-friendly interface, making it an attractive option for those looking to invest in and participate in the DeFi ecosystem.

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Sakai Vault's strengths

The token Sakai Vault (SAKAI) has several strengths that make it an attractive investment opportunity:

  1. High Staking Returns: Sakai Vault offers a lucrative staking program with an impressive Annual Percentage Rate (APR) of 146%. This provides a reliable and easily accessible way to earn rewards, with a daily release of 0.4% of the staked amount, ensuring a consistent and predictable reward structure.

  2. Decentralized Perpetual Exchange: Sakai Vault is a decentralized spot and perpetual exchange, offering a seamless trading experience with minimal swap fees and no price impact trades. This ensures a sustainable and profitable ecosystem for all participants.

  3. Multi-Asset Pool: The platform features a unique multi-asset pool that allows liquidity providers to earn fees from various sources, including market making, swap fees, and leverage trading. This approach maximizes capital utilization and adapts to market conditions, optimizing returns for liquidity providers.

  1. Cutting-Edge Technology: Sakai Vault incorporates advanced technologies such as AI, bridges, Layer 2 solutions, and Web3 integration, enhancing the trading experience and expanding the possibilities within the DeFi landscape.

  2. User-Friendly Interface: The staking platform has a simple and user-friendly interface, making it easy for investors to stake their funds and enjoy the benefits of their staking efforts immediately.

  3. Community-Driven Epoch System: Sakai Vault introduces an innovative epoch system that offers exciting rewards to users committing a minimum of $10 worth of SAKAI tokens. This system provides substantial rewards, including a grand reward of 30% of the total Vault value, and additional rewards of 10%, 8%, and 5% allocated to other winners.

These strengths position Sakai Vault as a promising cryptocurrency project, offering a robust and rewarding ecosystem for investors and liquidity providers alike.

Sakai Vault's risks

Sakai Vault (SAKAI) is considered a high-risk investment due to its significant volatility. This volatility means that the token's value can fluctuate rapidly, leading to potential losses for investors. To mitigate these risks, it is recommended that investors have a high tolerance for risk, are in a strong financial position, and can afford potential losses.

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Did Sakai Vault raise funds?

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Sakai Vault's ecosystem

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Sakai Vault’s team

  • Core Team: The Core Team consists of key members who are responsible for the overall development and strategy of Sakai Vault. They hold 10% of the total supply, which is 800,000 SAKAI tokens, and are locked for 2 years with a 5% release every 30 days.

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