SAM (SAM)

What is SAM?

SAM is a memecoin project within the Oraichain ecosystem. Created by the Last Samorais community, it aims to build a strong community around the token. The project leverages the established Last Samorais NFT project to bootstrap its initial user base.

SAM differentiates itself by its launch strategy. A fair presale method was used, prioritizing holders of the Tha Last Geishas NFT collection. This approach aimed to distribute the token widely amongst existing community members and reduce the risk of concentrated ownership.

The coin’s supply and liquidity are managed through a decentralized autonomous organization (DAO). A 2/3 multisig setup, controlled by trusted individuals from the Oraichain and Last Samorais communities (Oracle, Rasprav & Crenmy), oversees the reserve and liquidity pools. This structure aims to enhance transparency and trust within the SAM ecosystem.

How Does SAM Work?

As a memecoin, SAM’s functionality primarily revolves around community building and token utility within the Last Samorais ecosystem. Its function leverages the Oraichain infrastructure. While detailed technical documentation might be limited, the underlying blockchain dictates its transactional behavior.

The DAO managing SAM’s reserve and liquidity plays a crucial role in its operation. This decentralized governance structure ensures that decisions regarding the token’s development and resource allocation are made collectively. The multisig setup adds a layer of security and accountability, preventing single-point failures in decision-making.

The fair presale mechanism used for the token’s launch is also a key aspect of its operation. By prioritizing existing community members, the project aims to foster a strong sense of ownership and encourage long-term engagement. This strategy can contribute to the token’s stability and overall growth potential.

SAM Key Features and Technology

SAM’s key features are closely tied to its community-driven approach and the underlying Oraichain technology. The token leverages the Last Samorais community and NFT project for its initial user base and ongoing engagement. The transparent DAO controlled fund operations of the coin creates confidence in the project.

The use of a DAO with a 2/3 multisig setup is a significant technological feature. This mechanism ensures that multiple trusted parties must approve transactions, enhancing security and preventing malicious actions. It brings accountability to the project development.

Another vital feature is the fair presale distribution method. By prioritizing holders of the Tha Last Geishas NFT collection, the project aimed to decentralize ownership and foster a stronger sense of community. The distribution of the coins during pre-sale ensured no team owned tokens.

What is SAM Used For?

SAM is primarily used as a community token within the Last Samorais ecosystem. Its main goal is to bring together enthusiasts of the NFT project and the broader Oraichain community. By creating a dedicated token, the project seeks to foster a sense of shared ownership and participation.

While specific use cases might evolve over time, SAM can potentially be used for various activities within the community. This could include rewarding active members, granting access to exclusive content or events, and facilitating decentralized governance through voting mechanisms. SAM encourages participation.

SAM holders can stake their tokens and vote on projects and other utilities for the coin. It allows people to use their governance tokens to vote on how the fund will be used and what projects will be undertaken.

How Do You Buy SAM?

Buying SAM typically involves using a cryptocurrency exchange or decentralized exchange (DEX) that lists the token. The process begins with acquiring a base cryptocurrency, such as ORAI or USDT, on a major exchange. You will need to setup an account and complete the required know your customer (KYC) verification.

Next, you’ll need to transfer your base cryptocurrency to the exchange or DEX where SAM is listed. Once the base cryptocurrency is in your account, you can proceed to purchase SAM by placing a buy order. Be sure to double check the contract and the transaction amounts.

SAM may be available on smaller or decentralized exchanges in the Oraichain ecosystem. Ensure to check community forums, social media, and CoinGecko, or CoinDesk for the latest listings and exchange information. Be sure to use a hardware wallet during any buying or selling of crytocurrencies to ensure that the transaction is secure.

How Do You Store SAM?

Storing SAM requires using a cryptocurrency wallet that supports the Oraichain network. The choice of wallet depends on your security preferences and usage patterns. You may choose a software, hardware, or exchange wallet for your coins.

Software wallets are digital applications that can be installed on your computer or smartphone. These wallets offer a convenient way to manage your SAM tokens, but they are generally considered less secure than hardware wallets. Popular software wallets that might support SAM include Metamask and Trust Wallet.

Hardware wallets are physical devices that store your private keys offline. They provide the highest level of security for your SAM tokens. Some wallets are web extension wallets that may work inside of a desktop web browser, so be sure the wallet you choose is reputable.

Future Outlook and Analysis for SAM

The future outlook for SAM is intrinsically linked to the success and growth of the Last Samorais community and the Oraichain ecosystem. As a memecoin, its long-term viability depends on its ability to maintain community engagement and develop practical use cases. SAM holders will be the deciding factor.

The DAO-managed reserve and liquidity provide a foundation for long-term sustainability. This decentralized governance structure ensures that decisions are made transparently and in the best interest of the community. SAM’s value hinges on the community’s decisions on the direction and focus of the project.

The project’s focus on community engagement, fair distribution, and transparent governance offers a promising foundation for future growth. Long-term viability and success depend on continued engagement. The development of innovative utilities and the ability to adapt to the evolving cryptocurrency landscape are crucial for SAM’s long-term prospects.

References

• CoinGecko
• CoinDesk
• SAM on X
• Last Samorais on X
• Last Samorais Discord