The SANTA coin is a meme. It was originally released in November 2021, and during the first week, it had established a significant online community. SANTA is distinct from other meme currencies because of its structure. As long as you have SANTA, you will receive prizes in BUSD.
SANTA is one of the world's most popular meme currencies. The community has its own language, memes, digital art, and other artifacts, as well as its own culture. The coin's mascot is SANTA, a bearded guy dressed in a red suit who distributes money to those who have been good or bad. Santa Claus is the inspiration for the currency, with "Santa Claus" standing for "a Semi-Anonymous Network To Assist Newcomers And Tie Things Together."
At the moment, Santacoin is the most talked-about virtual money. Simply said, the Santacoin has sparked far more interest than prior attempts. This strategy combines to be one of the better proposals for this year when it comes to the network's overall difficulty. People have begun to put money into this venture. This currency has shown to be a significant success when compared to prior coins. On the other hand, some people may be perplexed as to why they are rejecting to participate in this project. As a consequence, I believe that those who have not yet joined this endeavor will be disappointed because it has shown to be a huge success.
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What About Santacoin?
The SANTA coinage is a meme. Were first released in November of the recent year, and during the first week, it had established a significant online platform. SANTA is distinct from those other memes currencies because of its architecture. As soon as you have SANTA, you will receive prizes in BUSD. Santa is trying to find his way into the cryptocurrency world right now. Its purpose is to reward those that sign up for BUSD. It implies that if you own a Santa digital token, you will receive advantages in USD. no one can find out Who is the creator of the Santa cryptocurrency coin. There have been no government records of knowledge on the founders and programmers of the Santa cryptocurrency token.
Its name was chosen to be a reflection of the fact that it wants to contribute to the world and make it a better place. It's a meme coin because it wants to give back to the community and help people in their daily lives.
Brief History:
SANTA is having a difficult start due to heavy attacks from its biggest competitor, Bitcoin Cash. However, SANTA proves its strength by recovering quickly from these attacks. The price of SANTA starts growing exponentially and reaches its peak on January 2022.
January 10, 2022: Bitcoin hard forks again and becomes Bitcoin Cash Plus (BCP), with double the block size limit of BCH.
May 10, 2022: Bitcoin Cash Plus changes its name to Bitcoin Gold (BTG) and reduces the block size limit even further in an attempt to appeal to GPU miners.
November 2021: SantaCoin becomes the first major cryptocurrency with quantum resistance when it shifts from using SHA-256 to using Blake-256. This is received positively by both Wall Street and the cryptocurrency community, as prior quantum resistant coins had failed because they were not backwards compatible with existing hardware/software or used algorithms that were too complex for CPUs or GPUs to run efficiently, but SantaCoin adopts an algorithm that can run efficiently on either CPUs.
What would you be doing nowadays, everyone? Presently, I’m planning to reveal a new endeavor. The character’s name is Santacoin. Although I go any further, let me give you a quick primer on cryptocurrency and blockchain technology. As a consequence, bitcoin was initially characterized as a payment program that enables customers to make private and confidential payments without the intervention of third corporations. Satoshi Nakamoto, the creator of Bitcoin, has enabled it to outperform monetary system institutions, which are susceptible to manipulation and are controlled by a single entity. A range of divisive issues has arisen as a direct result of the cryptocurrencies or bitcoin company’s expansion.
Santa Coin Explained
Santa Coin has unique features like 8% redistribution in BUSD. This means 8% of every buy and sells transaction will be automatically redistributed to all token holders. Meaning, holders don’t have to claim their rewards as BUSD because they will be delivered automatically to their wallets according to their Santa Coin Holding proportion. In short, users will be able to earn stable passive income in BUSD.
Another notable feature is its 3% strategic buy-back reserve. Here, the tokens collected from these fees are converted into BNB, which are locked and stored in the Santa Coin Contract. To note, however, the project has two different buy-back systems: Moonshot Buyback where a large buyback is deployed at specific moments and generates a big green candle in the chart, and the AutoBoost Buyback wherein small buys occur to discourage early sellers. The whole thing creates a proper burn and guarantees that the price per token will increase whenever the buyback is activated.
SANTA is a meme coin. What does that mean?
The term 'meme coin' was coined by the legendary Dogecoin community back in 2014 to describe any coin which has its value primarily derived from online social interaction. This is in contrast to other coins which are mainly used as a means of exchanging goods and services.
An example for this would be the infamous Coinye (COYE) which was introduced in early 2014 and quickly became the laughing stock of the crypto community due to several copyright infringement lawsuits against the developers, who had named it after Kanye West's stage name. Coinye's value collapsed almost instantly after it was discovered that the developers were facing serious legal repercussions for this action, but it did manage to get enough traction among users before its decline to form a small but loyal online community who still trade COYE today.
Since then many other meme coins have been introduced, most notably Dogecoin, with a combined market cap exceeding $300 million USD as of January 2016.
Meme coins are very easy to create and can be done so without any initial investment, as all contributions towards a new coin are voluntary and usually rewarded only with a small share of newly created coins. This makes creation of new meme coins a potentially profitable enterprise.
Finally, is its anti-whale mechanism. Here, an extra 1% fee is applied to all sales. This move aims to discourage swing trading and lessen whale manipulation. Aside from this, the smart contract will also ensure that no sales of amounts higher than 0.2% of the circulating supply will be recorded and possible at once.
Moreover, with Santa Coin’s dedicated app, users will be able to see how many BUSD reflections they already have. Even though the rewards are distributed automatically, Santa Coin will still allow its owners to claim BUSD and receive rewards manually.
Through Santa Coin’s carefully designed tokenomics, it is possible to sustain the ups and downs of the market sooner or later. The team says that during its launch, 5% of the total token supply was burned, another 1% was burned from BuyBack, the other 42% is reserved for the pre-sale and liquidity on PancakeSwap, and the remaining 8% will be reserved and vested for the team and marketing.
To add on, the liquidity on PancakeSwap will be locked for a year — meaning, the initial liquidity can’t be withdrawn from the exchanges even by the team. In retrospect, this will ensure investors that they can quickly sell their holding at their desired gains.
More Information :
- Website: https://santacoin.cash/
- Telegram: https://t.me/santa_coin
- Twitter: https://twitter.com/Santa_Coins
- Announcement: https://t.me/santacoin_news
Username : ciung_lee
Profile : https://bitcointalk.org/index.php?action=profile;u=2712533
BSC address : 0xbbf45879ACDe58E653BdF0422e873Ebf03aDc491