Samecoin (SAME)

What is Samecoin

The overall Samecoin ecosystem is powered by a utility token, also called Samecoin ($SAME). This is sold for fundraising and can also be staked for further rewards. Samecoin can be used for a reduction on payment fees when using the associated payment app, SamePay — either for lower fees when trading crypto on exchanges or when making purchases. Samecoin can also be staked to get vSamecoin, which is used for voting on governance issues and the future of the platform.

But Samecoin isn’t the currency that’s used for everyday purchases. The Samecoin ecosystem also has stable currencies like SameUSD and SameEUR.

The stability mechanism used for Samecoin’s stablecoins make them different from the rest of other stablecoins in the market. SameUSD is backed by a basket of top USD stablecoins to ensure less volatility.