Internet City, Dubai, Nov. 10, 2021 — LBank Exchange, a global digital asset trading platform, will list MINISAITAMA (miniSAITAMA) on Nov. 12, 2021. For all users of LBank Exchange, the miniSAITAMA/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on Nov. 12, 2021.

The crypto world has always embraced meme culture, and lots of memecoins have emerged in recent years, but unfortunately, there are still quite a big number of rug pulls happening in the memecoin space, leaving investors with tremendous losses. MiniSAITAMA was originally a rugged token, but a few members of the community decided to revive it by making it the insurance of the meme token space. The miniSAITAMA token will be listed on LBank Exchange to further expand its global reach and help it achieve its vision.

Introducing miniSAITAMA

MiniSAITAMA was originally a rugged token by a developer who sadly decided to rug. A few members of the community have decided to take over the coin and airdrop all holders their acquired amounts in a new contract. They teamed up with a trustworthy and successful developer to revive the token. Collecting 2% of all purchases and sales to a certain fund enables the possibility for everyone holding miniSAITAMA to exchange their rug-pulled tokens for interest in Ether (ETH) over time on its platform.

It’s been decided to keep the name of the original token on purpose as a statement so the former developer can see the potential they threw away. MINISAITAMA aims to become the insurance of the meme token space and a platform built with the intention to give rather than take, paying out victims of the rug-pull.

Principles of MINISAITAMA

MINISAITAMA strives to maintain fully disclosed communication with all the holders, keeping everyone up-to-date with the team’s progress. It has the ambition to realize a secure, long-term investment that will grow with its community. The launch was stealth and fair, nut without a presale. The previous rug of miniSAITAMA has initiated a relaunch with a new team and utility. The team will prove the locked liquidity. All fees will be used for marketing campaigns, listings, and further developments to the platform and website.

With a use case not seen before, miniSAITAMA aims to give back to the ones in need. The team is building a platform where people can exchange their now-worthless ERC-20 tokens that have been rugged. Using Etherscan enables one to see how much ETH has been initially invested and lost. Exchanging it on MINISAITAMA’s platform enables people to receive up to 4,400$ in ETH, depending on the worth of their initial investment.

As a community-driven token, miniSAITAMA focuses on recovering suffered losses from those who have been rugged. It’s open to suggestions for new ideas and innovations provided by the community. Being relaunched and taken over by the community, the project promises to provide back to the community.

Tokenomics of miniSAITAMA

The miniSAITAMA token has a total supply of 1 billion, 65% of which is in circulating supply, 32.5% of which was used for liquidity pool, which is locked for 100 years, and the remainig 2.5% is provided for the initial rug-pull recovery fund. 

For each transaction, there is a 10% fee, 1.5% of which is proportionally distributed back to the holders; 5% of which is sent to the multi-sig team wallet, which will be used as marketing funds; 2% of which is returned to the rug recovery fund, which will be used on the platform to realize the utility; and the remaining 1.5% will be returned to the developers, which enables the developers to keep working on the project and ensures a seamless return on investors’ rugged investments.

Investors who are interested in MINISAITAMA can easily buy and sell the miniSAITAMA token on LBank Exchange, which supports miniSAITAMA on-chain and trading rewards. The listing of miniSAITAMA on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.

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About LBank Exchange

LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 6.4 million users in more than 210 countries around the world.

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