SAMA Token
$SAMA: The Token Powering the Moonsama Ecosystem
Introduction
$SAMA is the native and utility token for the Moonsama Ecosystem, a vibrant community-driven platform that offers a variety of products and services such as multi-chain blockchain solutions, NFT collections, games, Web3 assets, NFT marketplaces, and metaverses.
What is $SAMA?
$SAMA is not just a token, but a gateway to a vibrant ecosystem that offers fun and utility to its users. It powers a blockchain network designed to support the development and integration of various products and services in the Moonsama Ecosystem.
An Unique Origin: The Crafting and Formation of $SAMA
The $SAMA token, the native cryptocurrency of the Moonsama ecosystem, has its roots in the implementation of Play-to-Craft mechanics that connect all of Moonsama's applications and games. These mechanics were designed to provide players with a rewarding and engaging experience while fostering a sense of ownership and empowerment within the ecosystem.
The Journey from $POOP to $SAMA: A Unique Play-to-Craft Mechanic
In the early days of the Moonsama Ecosystem, players could earn a unique token called $POOP by participating in Carnage, a game session in the Moonsama Minecraft metaverse. This token, which started as a playful concept, quickly became a valuable asset within the ecosystem due to its multifaceted utility.
Origin of $POOP
The journey to earn $POOP was an engaging process that began with players farming resources in Carnage. These resources were used to craft items for in-game fishing, such as moonrods and bait. Players then used these items to fish for a resource called aFish.
The aFish were then traded with an ancient creature, the Sunken One, in exchange for Pondsama NFT fish at a ratio of 10:1. Once players obtained Pondsama NFTs, they started receiving $POOP reward tokens, initially at a rate of 10,000 $POOP per week.
Transition to $SAMA
Players could convert their $POOP into $SAMA tokens at a refinery in the Carnage game. This conversion process also gave players 10% more of its worth through in-game assets (DNA, blood crystals, mobidium), which could be used for future game upgrades and enhancements.
This unique system of earning and refining $POOP into $SAMA created an engaging and rewarding experience for players, fostering a sense of ownership and empowerment within the Moonsama Ecosystem.
Original Distribution of $POOP
The original distribution of $POOP, the precursor to $SAMA, was carefully allocated to ensure a balanced and fair distribution. The breakdown was as follows:
- 10% to the Team: A portion of the $POOP was allocated to the team behind the Moonsama Ecosystem. This allocation was likely used to compensate the team for their work and to incentivize continued development and innovation.
- 38% to DAO Treasury: A significant portion of the $POOP was allocated to the DAO Treasury. This serves as a reserve for the Moonsama Ecosystem, and can be used to fund future developments, community initiatives, and other operational costs.
- 52% to Alpha POOP Holders: The majority of the $POOP was distributed to its holders. This allocation rewarded the early participants in the Moonsama Ecosystem and provided them with a stake in its future success.
This distribution strategy ensured that the benefits of the Moonsama Ecosystem were shared among its team, its community, and its early supporters.
$SAMA Token Supply
The $SAMA token has a total or maximum supply of 1,000,000,000 tokens. As of the 17th July 2023, the circulating supply of $SAMA is 500,274,656 to see the latest circulating supply, please visit: https://token-api.moonsama.com/sama/circulatingsupply
This means that over half of the total supply of $SAMA tokens is currently in circulation. The remaining tokens are likely reserved for various purposes within the Moonsama Ecosystem, such as rewards for players, operational costs, and future developments.
How Does $SAMA Token Work?
SAMA has multiple functions and use cases within the Moonsama Ecosystem. Some of them are:
- Gas fees: $SAMA is used to pay for gas fees on the network. The network has low transaction costs and fast block confirmations, averaging around 5 seconds. This makes it suitable for large volumes of transactions for metaverses and gaming.
- Governance: $SAMA holders can participate in the governance of the Moonsama Ecosystem by voting on proposals or submitting their own. The voting process is based on a revolutionary proof of authority (POA) consensus protocol that uses NFTs from the Moonsama collection as a voting mechanism. This system offers higher voter turnout, gamification, and protection against manipulation.
- Utility: $SAMA can be used to access various products and services in the Moonsama Ecosystem, such as games, metaverses, NFT marketplaces, and Web3 assets. For example, users can use $SAMA to buy or sell NFTs on Raresama Marketplace, play Pondsama browser game or explore Pondsama metaverse with their customizable NFTs.
Raresama: A Platform for NFTs
Raresama is an NFT platform within the Moonsama ecosystem where users can become members, verify their profiles, and submit their artwork or collections for review.
To participate on Raresama, $SAMA tokens are required for key actions:
- Becoming a Raresama Member requires staking 100 $SAMA. This provides benefits like managing your profile and participating in governance.
- Verified Raresama Members are approved through an on-chain vote by staking $SAMA. They can then create collection proposals and mint NFTs without restrictions.
- Artists can submit proposals to verify their individual NFT artworks or entire collections on Raresama. These votes also occur on-chain by staking $SAMA.
- Raresama Ignite selects promising NFT collections for integration into Moonsama metaverses. Winning collections are chosen through $SAMA-staked votes.
- All transactions on Raresama, including buying, selling, and minting NFTs, require $SAMA to power the platform.
In summary, Raresama provides a platform for artists to showcase their NFTs, with key actions enabled through staking and transacting in $SAMA tokens. This ties the growth of the NFT ecosystem directly to the utility of the native Moonsama token.
Transition to Moonsama Network and Expansion to Ethereum
The Moonsama Ecosystem is currently transitioning from the Exosama Network to the Moonsama Network, a new blockchain network that will be launched on Polkadot. The Moonsama Network will provide a much-needed infrastructure centered around Non-Fungible Tokens (NFTs), unlocking their true potential as utility providers and becoming the de facto hub for all NFTs within the Polkadot ecosystem. The Moonsama Network will be the world’s first blockchain governed by NFTs, and will use SAMA tokens as its native currency.
In addition to this transition, $SAMA will also be issued on Ethereum. This strategic move is designed to expand the liquidity of $SAMA into larger native L1 blockchains. By leveraging the extensive infrastructure and user base of Ethereum, this expansion will significantly benefit the Moonsama Ecosystem, its holders, and $SAMA users by providing increased accessibility and liquidity.
This dual presence on both Polkadot and Ethereum ensures that $SAMA can take advantage of the unique benefits of both ecosystems, providing a robust and versatile platform for its users.
Why is $SAMA Worth Your Attention?
$SAMA is a coin that represents a unique and innovative project in the Web3 space. It is backed by a world-class team of blockchain engineers, leaders and a passionate community of users and creators. It aims to bridge the gap between Web2 and Web3 by offering seamless and secure solutions for metaverses, NFTs and gaming. It also leverages the power of Polkadot to achieve interoperability with other blockchains and benefit from its shared security mechanism.
- If you want to learn more about $SAMA, you can visit moonsama.com or read the whitepaper here.
- Also $SAMA is on coinmarketcap here: coinmarketcap
Where to Buy $SAMA?
To purchase $SAMA you can do so from MEXC here: https://www.mexc.com/exchange/SAMA_USDT
Additional exchanges will be added so please checkout our exchanges wiki section here: