SaitaBit wallet

What is SaitaBit (SAITABIT)?

SaitaBit is an ERC-20 built around a transfer tax. Every transaction takes a small cut, part of which is spread across holding wallets and part of which goes to a burn address that nothing can spend again. Two consequences follow for anyone keeping it.

The first is arithmetic on transfers: the amount that lands in the recipient's wallet is slightly smaller than the amount typed in. On a decentralized exchange this is why a swap fails unless slippage tolerance is raised above the tax, and it is the single most common reason a SaitaBit trade reverts.

The second is that the balance is not static. A wallet that has done nothing for a month can show a different figure than it did before, because redistribution credits holders whenever other people trade. The supply moves in the other direction at the same time, since the burn portion permanently removes tokens. None of this is something the holder triggers, claims or signs for; it happens in the token contract during other people's transactions.

That shapes what a wallet needs to do here. With Tangem there is nothing to keep open or connected for the mechanism to work: the contract updates on Ethereum whether or not anyone is looking, and the app simply queries the current figure when you open it. A card left untouched in a drawer holds the position exactly as well as one carried around, which suits a token whose numbers move on their own.

Supported networks in Tangem (1): Ethereum.