Saito wallet

What is Saito (SAITO)?

Saito starts from a question most chains skip: who pays for the servers and bandwidth that carry the traffic once a network gets busy. Its answer is a Layer 1 where the fee a transaction pays is shared with the nodes that routed it into the network, rather than going to miners or stakers. Running infrastructure becomes paid work in its own right, and the project's own applications - a browser arcade with chess and board games, a chat and social feed, a browser wallet - load as ordinary web pages that talk to the chain directly, without a third-party RPC provider in the middle. The project was funded early on by a Web3 Foundation grant.

Which SAITO you are holding

The token exists in more than one form, and this is where a holder has to pay attention. A native coin lives on the Saito chain itself and is what routing nodes are paid in. Alongside it, SAITO circulates as an ERC-20 on Ethereum and as a BEP-20 on BNB Smart Chain; these are the versions most people receive from an exchange or a swap, and the project offers a one-way migration from them to the native coin. The two EVM tokens are separate contracts with separate balances. SAITO that arrives on BNB Smart Chain does not appear as SAITO on Ethereum. Gas is paid in ETH on one and in BNB on the other, never in SAITO itself, so a holder needs a little of the right coin next to the token before any transfer.

In the Tangem app the Ethereum SAITO and the BNB Smart Chain SAITO show up as two separate lines, and the network a transfer will leave on is spelled out before the card signs it, so the holder does the check with their own eyes. Supported networks in Tangem (2): Ethereum, BNB Smart Chain. Keeping SAITO across two chains is mostly a matter of never losing track of which chain a balance is on, and that is exactly the part Tangem keeps in plain view.