The Samecoin ecosystem consist of samecoin utility token (SAME) and stable currencies like SameUSD and SameEUR.
The Samecoin utility token can be bought via fundraising or earned as reward. They are used as a viable alternative for paying transaction fees on the SamePay app.
Samecoin’s stablecoins are pegged to a basket of other stablecoins which helps to sustain price stability. And their reverces are locked in a smart contract to ensure Decentralization and transparency.
Other features of the Samecoin Ecosystem are SameID and SamePay, our multi-wallet mobile app which simplifies cryptocurrency payment.
The Samecoin Protocol Dapp mints SameUSD on demand after depositing USDT, BUSD or USDC which are locked in a smart contract and subject to verification by anyone to eñsure transparency and credibility of reserves.Interestingly you get to earn some $SAME tokens each time SameUSD is minted.
When Minting SameUSD you deposit USDT BUSD or USDC in the Samecoin Protocol Dapp and you get the same amount in SameUSD.
The USDT, BUSD and USDC deposited in our reserves are locked in a smart contract and can be verified by anyone ensuring transparency and credibility