SantaCoin is a hyper deflationary coin

suboislam (25)in #santacoin • 3 years ago

The SANTA coinage is a meme. Were first released in November of the recent year, and during the first week, it had established a significant online platform. SANTA is distinct from those other memes currencies because of its architecture. As soon as you have SANTA, you will receive prizes in BUSD. Santa is trying to find his way into the cryptocurrency world right now. Its purpose is to reward those that sign up for BUSD. It implies that if you own a Santa digital token, you will receive advantages in USD. no one can find out Who is the creator of the Santa cryptocurrency coin. There have been no government records of knowledge on the founders and programmers of the Santa cryptocurrency token.
The SANTA coin is a meme. It was originally released in November 2021, and during the first week, it had established a significant online community. SANTA is distinct from other meme currencies because of its structure. As long as you have SANTA, you will receive prizes in BUSD.
SANTA is one of the world's most popular meme currencies. The community has its own language, memes, digital art, and other artifacts, as well as its own culture. The coin's mascot is SANTA, a bearded guy dressed in a red suit who distributes money to those who have been good or bad. Santa Claus is the inspiration for the currency, with "Santa Claus" standing for "a Semi-Anonymous Network To Assist Newcomers And Tie Things Together."

SANTA is a meme coin. What does that mean?
The term 'meme coin' was coined by the legendary Dogecoin community back in 2014 to describe any coin which has its value primarily derived from online social interaction. This is in contrast to other coins which are mainly used as a means of exchanging goods and services.
An example for this would be the infamous Coinye (COYE) which was introduced in early 2014 and quickly became the laughing stock of the crypto community due to several copyright infringement lawsuits against the developers, who had named it after Kanye West's stage name. Coinye's value collapsed almost instantly after it was discovered that the developers were facing serious legal repercussions for this action, but it did manage to get enough traction among users before its decline to form a small but loyal online community who still trade COYE today.
Since then many other meme coins have been introduced, most notably Dogecoin, with a combined market cap exceeding $300 million USD as of January 2016.
Meme coins are very easy to create and can be done so without any initial investment, as all contributions towards a new coin are voluntary and usually rewarded only with a small share of newly created coins. This makes creation of new meme coins a potentially profitable enterprise.
Its name was chosen to be a reflection of the fact that it wants to contribute to the world and make it a better place. It's a meme coin because it wants to give back to the community and help people in their daily lives.
Brief History:
SANTA is having a difficult start due to heavy attacks from its biggest competitor, Bitcoin Cash. However, SANTA proves its strength by recovering quickly from these attacks. The price of SANTA starts growing exponentially and reaches its peak on January 2022.
January 10, 2022: Bitcoin hard forks again and becomes Bitcoin Cash Plus (BCP), with double the block size limit of BCH.
May 10, 2022: Bitcoin Cash Plus changes its name to Bitcoin Gold (BTG) and reduces the block size limit even further in an attempt to appeal to GPU miners.
November 2021: SantaCoin becomes the first major cryptocurrency with quantum resistance when it shifts from using SHA-256 to using Blake-256. This is received positively by both Wall Street and the cryptocurrency community, as prior quantum resistant coins had failed because they were not backwards compatible with existing hardware/software or used algorithms that were too complex for CPUs or GPUs to run efficiently, but SantaCoin adopts an algorithm that can run efficiently on either CPUs.

SantaCoin’s Background
The SANTA coin is a meme. It was originally released in November 2021, and during the first week, it had established a significant online community.
SANTA is distinct from other meme currencies because of its structure. As long as you’re in BUSD, you’ll earn BUSD prizes.
Holder incentives are paid in BUSD rather than Santa Coins! This is a significant change! The more time you keep your BUSD, the more BUSD you earn. Read the Litepaper, go to the official Santa Coin website, or ask in the Telegram public group for further information.
A maximum of 0.2 percent of the circulating supply can be sold. Holders of Santacoin will be rewarded in Binance PeggedBUSD, which is a first in cryptocurrency history.
Our future Play-to-Earn program will be the primary use of Santa Coin. Racing Santa game — Santa F1 racing game establishes a new digital ownership and gaming paradigm. Santa nonfungible collectable tokens let players to engage in a play-to-earn gaming environment, where abilities are rewarded with real-world benefits, thanks to blockchain. Players may fully own, trade, and sell all of the fundamental gameplay assets in Santa F1, as well as utilize them to play the game, giving them unprecedented control.
Almost everyone can agree to the fact that the bitcoin sector is booming. Set-aside funds (DeFi), unmistakable tokens (NFTs), and memecoins are examples of new ideas in this space.
Memecoins are particularly well-known because of Elon Musk’s fondness for Dogecoin (DOGE). As a result, memecoins like Safemoon, Shiba Inu (SHIB), and others have risen in popularity.
However, another meme coin, Santa Coin, is also attempting to keep up with the rivalry. Santa Coin is now the newest agricultural production token that pays out in BUSD to its owners. It also offers a new level of DeFi tokenomics as well as a token distribution mechanism that completely alters the game. All Santa Coin purchases/sales are tax-deductible, and the proceeds are utilized to develop improved solutions such as automated and manual purchases, as well as to boost exchange earnings. As a result, these aspects, when paired with the expertise of experienced developers and crypto influencers, will establish Santa Coin and propel it to long-term growth and development.
Santa is now pursuing a career in cryptocurrency. It seeks to reward individuals who shake hands with BUSD, which means you’ll get USD awards if you utilize the HODL Santa Coin.

SANTA is a meme coin. It was introduced on November 2021, and quickly developed its own strong online community within the first week. Its market capitalization even with only 12 million coins in circulation reached $0.9 billion in mid-December and $1.5 billion in January 2022.
It is not a coincidence that SANTA became hugely popular within such a short period of time. The choice of the name SANTA was not accidental; the project created a lot of memes that revolved around this character.
The SANTA community is vibrant and growing, and is open to everyone who wants to join in the fun and be part of building a new world for all of us to live in together.

SANTA is a meme coin that was introduced on November 2021. It quickly developed its own strong online community within the first week.
It's mission is to bring joy and cheer all around the world, and it does so by spreading holiday cheer, giving presents to kids, tipping for good deeds, rewarding good behavior, spreading love, etc.
The name SANTA stands for "Satoshi's Anonymous Transactions" or sometimes "Satoshi's Annual Transactions". The logo is a picture of Santa Clause with his sleigh pulled by 9 reindeer. The logo was designed by one of the first members of the community, who won a contest held by the other members to create the logo.
SANTA is actually a fork of Bitcoin that uses SHA256 as proof-of-work algorithm instead of SHA256d, which makes it easier for miners to mine on GPUs instead of ASICs. As such, it shares most of Bitcoin's codebase except for the PoW algorithm, but it does have its own unique features as well..

If you consider the price of SANTA as a meme coin, the entire history could be rewritten as follows:
November 2021: The first batch of 100.000.000 SANTA were issued.
December 2021: 1 SANT = 0.00001 BTC, price is 0.00000029 BTC/SANT, low liquidity and low exchange volume, SANT still unknown by most people, but quickly gaining popularity on the internet and social media.
On December 2021, SANTAs first block explorer was launched by 2bacco and was quickly followed by another one by CrazyLoaf.
January 2022: 1 SANT = 0.000015 BTC, price is 0.00000049 BTC/SANT, SANTs are now known to many bitcoiners and have been mentioned several times in the bitcoin subreddit r/bitcoin.
February 2022: 1 SANT = 0.00004 BTC, price is 0.000001 BTC/SANT, SANT community has grown a lot and reaches a million users online at all time, a lot of new services have been developed along with new websites and communities being created every day for SANTAs sake.
March 2022: 1 SANT = 0.00015 BTC, price is 0.000004 BTC.

At the moment, Santacoin is the most talked-about virtual money. Simply said, the Santacoin has sparked far more interest than prior attempts. This strategy combines to be one of the better proposals for this year when it comes to the network’s overall difficulty. People have begun to put money into this venture. This currency has shown to be a significant success when compared to prior coins. On the other hand, some people may be perplexed as to why they are rejecting to participate in this project. As a consequence, I believe that those who have not yet joined this endeavor will be disappointed because it has shown to be a huge success.

More Information :

Social Links :

Website: https://santacoin.cash/

Telegram: https://t.me/santa_coin

Twitter: https://twitter.com/Santa_Coins

Announcement: https://t.me/santacoin_news

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