You have questions - We have answers
The Samecoin Ecosystem is a set of products and cryptocurrencies with the mission to bring crypto into every person and business owner's pocket. Samecoin is deeply embedded into each of the products of the ecosystem, whereas every product works in conjunction with the others.
By focusing on the simplicity and user experience, these new products can solve the issues of why crypto has not widely adopted. For the average person crypto is hard to understand and use. There aren't any wallets or applications which are easy to use. This is the cause for lack of adoption of crypto and why there are so few opportunities to use crypto in everyday transactions like buying groceries, splitting bills or sending money to your friends.
Anyone with access to an internet connection and a smartphone or a computer can use the products which make up the Samecoin ecosystem. All products are decentralised and built to be available for everyone worldwide.
The Samecoin ecosystem is being developed by a multicultural team of crypto enthusiasts, marketing experts, business developers and talented developers.
Samecoin is the utility token of the Samecoin ecosystem. Samecoin is deeply embedded into all products built by the Samecoin team, allowing for cheaper fees, rewards, participation in governance and more. Find out more here.
Utility tokens are typically used to add an incentive for the use of a crypto product. Through the use and growth of a crypto product, a utility token's value usually increases over time, giving its holders a possible financial return should they sell the token.
Samecoin has multiple uses. You can stake Samecoin on the Samecoin Dapp in order to receive a high yield return. Upon full release Samecoin can also be used to trade for other cryptocurrencies on the secondary market. On SamePay, you'll be able to stake Samecoin and use it to pay for transaction fees, resulting in a 50% discount. Upon the release of SameDAO, users can use their Samecoin to propose changes or vote on proposals for various changes to the ecosystem.
You can get Samecoin by using the Samecoin Dapp and receiving it as reward for Minting, Saving and LP Staking. You can also get Samecoin from several DEX's on BSC, HSC and HECO. In the future, Samecoin will also be rewarded to users for participating in SameDAO (Governance).
At the moment you cannot buy Samecoin with your debit/credit card. However, this will be possible in the future.
Samecoin and its smart contact has been audited by CertiK, one of the most respected and recognised auditors in the industry.
SameUSD is a stablecoin, meaning its value is pegged to the US Dollar. 1 SameUSD is always worth $1. Differently from other stablecoins, SameUSD's reserve is a basket of widely available stablecoins, with measures in place to keep price stability and liquidity. This also makes it so anyone can verify the size of SameUSD's reserve, and anyone can contribute to its growth.
SameEuro is a stablecoin, meaning its value is pegged to the Euro. 1 SameEuro is worth €1.
Their value stays stable as they're backed by an equal value in other stablecoins. Any user can always withdraw the equivalent amount in other stablecoins when returning their SameUSD or SameEuro
To offer people a way to make payments and transactions with crypto while having the stability of fiat. This avoid the confusion around the changing of values from one day to the next, effectively merging the benefits of both crypto and fiat.
You can buy SameUSD directly from a DEX such as Pancake Swap. Alternatively you can also create/mint your own SameUSD by using the Samecoin Dapp.
SameEuro has not been released yet.
SameEuro will be available later in 2021.
If you minted SameUSD but do not want them anymore, you can withdraw back your original stablecoins by going to the Samecoin Dapp and using the “Redeem” feature.
They're fully transparent. Since their reserve is a basket of stablecoins, anyone can check the total size of the reserve by checking the total amount locked within the smart contract. Anyone can also check the smart contracts' code which is public.
It's a set of smart contracts which allow the minting, staking and savings functions for Samecoin, SameUSD and SameEuro.
You can use the Samecoin Protocol by opening the Samecoin Dapp and login with your crypto wallet. The Dapp has an intuitive user interface which will help you through all the functions.
You can mint SameUSD by depositing an equal amount in another stablecoin. This also returns some Samecoin as an extra reward. You can also deposit back unwanted SameUSD to get back your original stablecoins. You can also stake Samecoin and SameUSD in order to receive a high yield return every 24 hours.
Samecoin Protocol is compatible with any BSC wallet.
Samecoin Protocol can be used by anyone with access to an internet connection and a web browser.
Yes, Samecoin Protocol can be connected to via testnet for people who wish to test its functions without spending real crypto.
SamePay is a mobile, decentralised crypto wallet.
SamePay will be available on the Android App Store from Q4 this year and on the iOS App Store in 2022.
SamePay can be used by anyone who owns a smartphone and can access their phone's app store to download the app.
You can use SamePay to manage your crypto wallet, including buying crypto, send crypto, receive crypto and swap crypto.
SamePay supports Samecoin, SameUSD, Bitcoin, Binance Coin, Ethereum and all tokens built on the ETH and BSC blockchains.
SameID is a decentralised identity technology. It's the first account system that can be used to login to multiple sites while also having access to your crypto wallets.
SameID is still in development. More news about the release date will be published later in 2021.
SameID creates a signature that can only be accessed and signed with by its owner. Only the owner has access to it as long as the private key is stored safely and not shared. The same signature is used to link the account to the user's wallets which are hosted on SamePay. When using SameID to login, the user's SameID can access the user's SamePay wallet for payments and other transactions.