SAMECOIN

 

Samecoin Protocol is a Decentralized Stablecoin Protocol

What is Samecoin?

Samecoin and its family of stablecoins are built with digital payments in mind, with fiat-like values, stable value and low fees, bringing together the benefits of cryptocurrency and fiat.

Revolutions rise when we see problems that cannot be solved with the systems currently in place. With the Samecoin Ecosystem, we’re building products that bring the benefits of blockchain technology in the payments and authentication space.

We can put crypto in the hands of consumers and business owners in a way that’s more accessible and easy to use.

Samecoin Features:

1. Mint & Redeem

Minting is storing stablecoins to the pool and create corresponding SAME stablecoins at a specific ratio. Redemption is just the oppositeMinting is storing stablecoins in the pool to create correspond

Mint

Mint Smart Contract holds the user’s stablecoin and mints SAME stablecoin to users. Users can mint SAME stablecoins at any time by following the below steps:

  • Step 1: Choose a stablecoin & enter the amount which they want to send
  • Step 2: Smart Contract will calculate and show the real-time mint rates
  • Step 3: Confirm & send the transaction
  • Step 4: User receives the SAME stablecoin in their wallets

The core of Mint Smart Contract is the algorithm of converting ratio between SAME stablecoins and others. The Samecoin Protocol needs significant data and work before it reaches the final conceived stage. Therefore, two phases are planned to reach the scale step by step.

  • Phase 1: The converting ratio of a stablecoin for SAME-Stablecoin is fixed at a 1:1 ratio.
  • Phase 2: Based on the complete Mint Smart Contract implementation (as mentioned below), the converting ratio will be flexible.

Redeem

User can redeem their SAME stablecoin at any time based on the below steps:

  • Step 1: Choose a stablecoin & enter the amount they want to receive
  • Step 2: Smart Contract calculates and shows the real-time mint rates
  • Step 3: Confirm & send the transaction
  • Step 4: User receives the stablecoin in their wallets

2. Save

Samecoin Protocol also provides a “Save Smart Contract” that generates a considerable interest rate. Whenever users choose to save their SAME stablecoins, smart contracts will automatically deposit the backed stablecoins (e.g., USDT/USDC …) to the market-tested DeFi applications such as Ellipsis or PancakeSwap to earn income (Other sources of income, such as token liquidations, will also be included).

3. LP Stake

Samecoin Protocol provides a LP Stake Smart Contract that encourages users to become liquidity providers. For example, you can deposit Samecoin and SameUSD into a liquidity pool which is created at PancakeSwap to receive SAME-SUSD LP tokens.

After that, stake the SAME-SUSD LP tokens into the LP Stake pool to get the Samecoin rewards immediately.

4. Governance

Under update

Samecoin Details

Samecoin or abbreviated as “SAME” was launched on the Binance Smart Chain platform with a total supply of 99,999,999 SAME. Later Samecoin will serve as a utility, governance, and reward token. Samecoin will fully support the Samecoin ecosystem through fundraising which results will be very useful for the development of the Samecoin ecosystem. Users can also stake Samecoin for passive income.

Roadmap

Q3 2021 – Samecoin IDO

Q4 2021 – SamePay release on Android

Q1 2022 – SamePay release on iOS

Q3 2021 – Samecoin IDO

Q4 2021 – SamePay release on Android

Q1 2022 – SamePay release on iOS

Q3 2021 – Samecoin IDO

Q4 2021 – SamePay release on Android

Q1 2022 – SamePay release on iOS

Conclusion

Samecoin simplifies it for anyone to fathom the value of their automated cash and use it for ordinary purchases, nearby an extent of employments to help with simplifying it for them. While an extensive parcel of these courses of action enjoy their own free benefits, you’ll after a short time see how using all of them together could be substantially more beneficial. Whether or not you’re a business expecting to draw in a more broad market and profit by faster trade times or regardless of whether you’re a purchaser who needs to use crypto suitably as a spendable money, Samecoin could be for you.

For More Information:

Author: pejuang cod

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2699227

BSC Wallet Address: 0x407920277aF25FEeCE0560e7e288397c93B2835c

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