SaTT PriceSATTInactive

What is SaTT (SATT)?

SaTT (SATT) is the native utility token of the Smart Advertising Transaction Token project, a blockchain-based advertising ecosystem built to challenge the traditional Web2 advertising model. The project is developed by Atayen, a company founded in 2014 that previously deployed Facebook applications adopted by 4 million brands. SaTT launched in 2020 on the Ethereum platform and also operates as a BEP-20 token on BNB Smart Chain. The token powers a SocialFi platform where brands, communities, and social media users interact directly without middlemen. SaTT aims to eliminate intermediaries by enabling direct relationships between advertisers and users. The platform features AdPools governed by smart contracts, with oracles tracking post performance across YouTube, Twitter, Instagram, Facebook, TikTok, and LinkedIn. The token supply has been reduced through burns from an initial 20 billion to approximately 12.27 billion as of October 2022, with about 3.24 billion in circulation. SaTT is positioned as a deflationary utility token enabling smart advertising services.

Key Specifications & Tokenomics

• Name: SaTT
• Full Name: Smart Advertising Transaction Token
• Ticker / Symbol: SATT
• Blockchain / Platform: Ethereum, BNB Smart Chain (BEP-20)
• Category: SocialFi, Advertising, Utility Token
• Launch Date: 2020
• Initial Supply: 20,000,000,000 SATT
• Total Supply: 12,270,063,310 SATT (as of October 2022)
• Circulating Supply: 3,244,898,181 SATT
• Burned: 7,729,936,690 SATT
• Contract Address (Ethereum): 0xdf49c9f599a0a9049d97cff34d0c30e468987389
• Contract Address (BNB Smart Chain): 0x448BEE2d93Be708b54eE6353A7CC35C4933F1156
• Official Website: https://www.satt-token.com/
• Whitepaper: https://www.atayen.us/satt/files/ico_satt_en.pdf
• Explorers: etherscan.io, bscscan.com, ethplorer.io
• Deflationary Mechanism: Monthly burns funded by 5% AdPool fees, with 50% of fees allocated to ecosystem growth and the remainder burned

Who created SaTT?

SaTT was created by Atayen, a parent company founded in 2014 by Gauthier Bros and Stephanie Clement. Gauthier Bros has been an entrepreneur and Facebook applications developer since 2010, and notably created the first live stream solution on Facebook in 2010 alongside Geoffrey Moya, who developed "iframe apps," an application suite for upgrading Facebook pages. Stéphanie Clément began her development journey in 2007, participated in the development of the "iframe apps" suite, and became Atayen's Co-founder and CTO in 2014. The SaTT team has been part of the social media industry for several years, and Atayen has proven its capabilities by deploying Facebook applications adopted by 4 million different brands and many celebrities. The project leverages this extensive experience in social media application development to build its blockchain-based advertising solution. The founding team combines deep expertise in social media platforms, application development, and entrepreneurial experience in the technology sector.

How does SaTT work?

SaTT operates through AdPools, which are advertising campaigns governed by smart contracts. Brands and projects create offers to advertise their products, while social media users join AdPools by posting content about these brands. The process is designed to be as simple as copying and pasting a link, following the principle of "Just post, farm, harvest and enjoy earnings." This mechanism is called Post2Earn. Oracles track and certify the performance of posts, measuring metrics such as the number of views and shares. Six oracles are currently available for YouTube, Twitter, Instagram, Facebook, TikTok, and LinkedIn. The smart contracts enable ad transactions to be executed instantly and automatically, removing the need for intermediaries in the advertising process. When an AdPool is launched using SaTT tokens, a 5% fee is charged, with 50% of this fee allocated to ecosystem growth including marketing and team development, and the remaining portion burned. The SaTT smart contracts are Multichain and MultiToken, supporting any coin or token on Ethereum, BNB Chain, Tron, BitTorrent Chain, and Polygon.

What makes SaTT unique and valuable?

SaTT positions itself as having no equivalent marketing solution in the crypto market or Web2. Its primary innovation is allowing users to farm their social media based on their posts' performance and the interaction generated by those posts. The Post2Earn model enables anyone to monetize their audience on social media by spreading the word about brands or projects they love. This creates a direct relationship between brands, communities, and every social media user, eliminating middlemen that traditionally take a significant share of advertising budgets. The platform's multichain and MultiToken architecture supports any coin or token on Ethereum, BNB Chain, Tron, BitTorrent Chain, and Polygon, making the solution accessible across multiple blockchain ecosystems. The oracle system provides transparent, automated verification of post performance across six major social media platforms. By combining smart contract automation with social media engagement metrics, SaTT creates a performance-based advertising model where rewards are directly tied to actual results rather than impressions or estimates.

What is SaTT used for?

SaTT is a utility token that enables advertisers to buy smart advertising services on the platform. Brands and projects use SATT to create AdPools and reward influencers, communities, and social media users for spreading their messages. Social media users earn SATT tokens through the Post2Earn mechanism by posting content about brands and projects they support. The token facilitates instant and automatic ad transactions through smart contracts, removing the need for traditional payment intermediaries. Advertisers can launch AdPools using SaTT tokens, with a 5% fee applied to each transaction, half of which supports ecosystem growth and half is burned. The token also serves as the primary medium for value exchange within the SaTT ecosystem, aligning incentives between advertisers seeking authentic engagement and users willing to promote products to their audiences. As a multichain token, SATT can be used across Ethereum, BNB Smart Chain, Tron, BitTorrent Chain, and Polygon networks.

How Is the SaTT ecosystem developing?

The SaTT ecosystem has been developing since its launch in 2020, with several key milestones. In September 2020, SaTT announced listings on KuCoin and Uniswap, with its ICO having raised over USD 4 million and over 13,400 token holders at that time. Later that month, SaTT raised USD 7.1M through its fundraising crowd sale, described as a rare feat in the 2020 ICO landscape, and announced a token burn of all unsold tokens. In January 2021, SaTT was listed on Binance DEX as its second listing. In June 2021, SaTT announced the release of its new website and prepared to launch its innovative advertising platform. The project continues to strengthen its multichain strategy to make its blockchain-based solution accessible to all. As of October 2022, the total supply stood at 12,270,063,310 SATT with 3,244,898,181 in circulation. The ecosystem includes six social media oracles and supports multiple blockchain networks, with ongoing development focused on expanding accessibility and adoption.

How to mine SaTT?

SaTT is not mined through traditional proof-of-work mechanisms. Instead, users earn SATT tokens through the Post2Earn model by participating in AdPools and posting content about brands and projects on social media platforms. This process involves joining advertising campaigns, sharing content, and earning rewards based on the performance of posts as measured by oracles tracking views, shares, and other engagement metrics. The process is described as simple as copying and pasting a link, following the principle of "Just post, farm, harvest and enjoy earnings." Brands and projects create offers to advertise their products, and users who spread the word about these brands can earn returns on their posts. The rewards are distributed through smart contracts that execute transactions instantly and automatically once oracle verification confirms post performance. There is no traditional mining equipment or staking requirement to participate; users simply need a social media presence and willingness to engage with advertising campaigns.

How to keep your SaTT Coin safe?

To keep your SaTT tokens safe, use reputable wallets that support Ethereum and BNB Smart Chain networks, as SATT exists as both an ERC-20 and BEP-20 token. Hardware wallets provide the highest level of security for long-term storage by keeping private keys offline. Always verify contract addresses before interacting with any SATT token contract: the Ethereum contract is 0xdf49c9f599a0a9049d97cff34d0c30e468987389 and the BNB Smart Chain contract is 0x448BEE2d93Be708b54eE6353A7CC35C4933F1156. Never share your private keys or seed phrases with anyone. Be cautious of phishing attempts and fake websites claiming to represent SaTT; always use the official website at https://www.satt-token.com/ for information. When participating in AdPools or interacting with smart contracts, ensure you are using official platform interfaces. Consider using hardware wallets for significant holdings and keep software wallets updated with the latest security patches. As with all cryptocurrency investments, monitor market performance and be aware of associated risks.