Samoyedcoin (SAMO) is one of the first and most successful tokens in the Solana ecosystem. The secret is memes: a dog-themed token frenzy in 2021 provided the perfect backdrop for Samoyedcoin to lift off the ground.Under the hood, SAMO is a token on the Solana blockchain much like Raydium (RAY) or USDT. It is secured by Solana’s consensus protocol Proof-of-History. Its SAMO NFTs also use the same logic and capabilities of the underlying blockchain.
Pros
Meme Coin with Ambitions
SAMO started as a meme coin on Solana, but having grown, it aims to become a Web 3.0 community coin and gateway to the Solana ecosystem. It is tradeable, transferrable, and exchangeable for exclusive NFTs.
Basic Utility
Back when Samoyedcoin was created, even meme coins tried to offer a use case. There are Samos NFTs purchasable with SAMO and a few services accepting it — for example, The Giving Block and Shopping.io.
Reasonable Tokenomics
In comparison to other dog coins, SAMO has a low maximum supply of 4.746B SAMO. Dogecoin’s max supply is unlimited, and SHIB’s is 15 trillion.
Cons
Anonymous Team
The creators of Samoyedcoin are anonymous. Rumor has it that they have ties to now-defunct exchange FTX and even though there is no evidence, it is still brought up sometimes.
Outdone by Other Meme Coins
As much as the creators wanted SAMO to be the mascot of Solana, it seems it did not happen. Other dog-themed Solana tokens, such as BONK and WIF are far ahead now in terms of popularity.
Samoyedcoin showed that you can offer a mascot to the community but its adoption will ultimately be up to them. Nevertheless, looks like it still has a community of believers and enjoyers.
| Category | Rating |
|---|---|
| Security | 40/100 |
| User-Friendliness | 60/100 |
| Popularity | 50/100 |
| Supported Coins | 50/100 |
What is a Samoyedcoin?
Samoyedcoin is a dog-themed meme token on Solana.
Who created Samoyedcoin?
The creators of Samoyedcoin are anonymous. Sometimes, its creation is falsely attributed to Anatoly Yakovenko, Solana’s founder, and Sam Bankman-Fried, the FTX founder.
How much is Samoyedcoin?
Today, the price of Samoyedcoin (SAMO) is $PRICE.