The smart advertising marketplace project, SaTT has certainly been on the move recently - from its successful fundraising crowd sale to its new exchange listings each week to its major token burn.
SaTT stands for Smart Advertising Transaction Token and the SaTT project has actually delivered a working smart advertising platform since Q3 of this year. This is its strong suit when compared with the countless ICO projects that have plagued the blockchain ecosystem with claims of blockchain protocols and dApps that have not and likely might never come to be.
This is also a strong indicator that this project is in for the long haul since its true worth is not based solely on the market movements of its token but whether the working solution it has delivered will be one valued and adopted over time by its industry.
The founding developer team of SaTT is from Atayen, Inc., known for their iFrames apps for business pages on Facebook, used by the world’s most renowned advertisers such as Nike, Disney, Starbucks and Coca Cola, to name a few.
In the past couple of weeks, shortly after announcing its token listing on BW Exchange, a US-compliant exchange with MSB (Money Service Business) license issued by the US Treasury Department FinCEN, it also announced its token listing on ProBit Exchange, an extremely popular exchange in Korea, frequently ranked among the Top Ten.
From its Twitter announcements, the project is also working to be on decentralized exchange Uniswap soon. While Uniswap is indeed the hottest DEX around, the high-risk volatile DeFi environment on Uniswap is one area where the SaTT team will do well to stay vigilant and safeguard the value of SATT, a token attached to a working product with huge potential upside over the long term.
The One That Got Away
One miss would be leading exchange KuCoin, which was announced but then cancelled a few days after. However, in light of the KuCoin hack where many ERC-20 tokens have been stolen, this might be considered a timely miss afterall.
Many of the ERC-20 projects have frozen, paused or even resorted to reversing their smart contracts after the hack. This centralized move has attracted much controversy as decentralization supporters criticize the move as unethical, reminding us of last year’s Binance hack, when executing a rollback was discussed and promptly dropped as a result of the huge community backlash.
Impressive Fundraiser and Token Burn
Despite dropping out from KuCoin’s portfolio of listed projects on Sep 23, SaTT managed to rally its community behind its ICO crowd sale. They ended up raising a respectable USD 7.1 million, a considerable sum, in light of the dismal fundraisers we have come to expect in the recent couple of years.
According to their blog, the project is burning a significant part of its total token supply - 9.47 Billion out of 20 Billion tokens.
Definitely a project to keep an eye on. Compared to the countless projects without a working product, whether SaTT does indeed become the leading smart advertising solution it aspires to, it is making the right moves.
SaTT, which stands for Smart Advertising Transaction Token, is a utility token that enables advertisers to buy smart advertising services on its ethereum-based dApp. All transactions between advertisers and influencers/publishers are governed by the SaTT smart contract which ensures speed, transparency and security, and is cost-efficient.
The SaTT dApp helps to quantify ROI by using blockchain oracles to retrieve data from 3rd-party API of social media platforms like Youtube, Facebook, Twitter, Instagram etc. Actions performed, such as LIKES, SHARES, VIEWS, TWEETS etc. can then be evaluated and if all criteria is successfully met, payments are triggered automatically from the advertiser’s preloaded budget to the wallet of the influencer/publisher. Fast, tamper-proof, secure and cost-efficient, the SaTT smart advertising system is a perfect use case of the ethereum smart contract. https://satt-token.com