I’m a firm believer in the Saitama echo system, and the Saitama core team is very active in developing and promoting the Saitama token.
The code behind the token benefits holders with rewards, removing coins from circulation and protection from whales (big wallet holders).
- Passive Income System
- Deflationary Currency
- Anti-Whale Trap
The passive income system is also known as reflections. 2% of every transaction with Saitama is deducted and redistributed to the pool of holders. So, just by holding tokens, we should see our number of tokens increasing.
I noticed that I was not receiving Saitama reflections on Bitmart.
I contacted Bitmart support to find out why I was not receiving my Saitama reflections. Unfortunately, I was informed that Bitmart does not support the Saitama reflections. Therefore, there is no plan to support this feature at the current time.
My Transcript with Bitmart support for not receiving Saitama reflections on the Bitmart platform
While chatting with Bitmart support, I documented the chat as I’ve seen conflicting information on forums regarding the Saitama reflections with Bitmart.
Next Steps for the issue of not receiving Saitama reflections on Bitmart
Bitmart has advised that they currently don’t have any plans to support the Saitama reflections and move my tokens to a wallet that does.
I’m going to be contacting the Saitama core team with the information in this article to see if they can help us with this issue.
I will keep this post up to date with any information I receive back from the Saitama team or Bitmart.
How to earn more interest using Nexo.io
Since you can’t receive Saitama reflections on Bitmart at the moment, I thought I’d discuss how you can earn more interest using Nexo.io as an alternative.
Luckily, beginning your interest-earning adventures with Nexo is pretty straightforward. All you need to do is make an account and transfer your assets.
Here’s the step-by-step process for your convenience:
- Make your account on platform.nexo.io — You’ll need to activate 2FA to install an extra layer of protection to their 256-bit encryption.
- Transfer assets —You can send your funds from a wallet or exchange or USD, GBP, or EUR from your bank account. I’d suggest the former as the latter method takes one to three working days. Nexo has a free sign-up bonus that awards you $25 when you deposit $100, which is worth thinking about when transferring your coins.
- Earn interest —You’ll start earning the next day! It’s compounded daily and paid automatically into your Savings Wallet.
But this is where it gets interesting; Nexo actually has two interest rates to take advantage of.
The first is the base rate. It’s the lowest percentage you earn if you don’t hold NEXO Tokens. However, the second is the higher rate, allowing NEXO Token holders to make more.
If you want to earn the most interest from Nexo.io (and who wouldn’t want that, right?), your Savings Wallet must be at least 10% full of NEXO Tokens (i.e., you need to reach the Platinum tier). You’ll receive a significant raise, ultimately boosting your passive income. And who knows? Their tiered loyalty system means they could introduce more earning perks in the future. Finally, the type of interest payout you select influences the rate. Choosing to receive it in NEXO Tokens gives you an added 2% raise on all your holdings’ interest!
Join Nexo today and start earning Interest.