Saakuru Protocol Animated logo

Saakuru (SKR)

Total Raise: $2,300,000
Date: 01 Mar - 29 May

Saakuru is an L2 Ethereum protocol that enables gasless transactions within its network. On the Saakuru blockchain, the gas fees for usage of the network are covered by the network itself and dApps built on it, allowing users to enjoy all the advantages of blockchain but with an improved UX. 

It is powered by the native $SKR token, which allows users to participate in DAO voting and developers to reduce gas fee costs via staking.

The company also has a strong network of funds and investors including Haskey Capital, Sandeep Nailwal and others which envisioned a big potential in the Saakuru network, investing over $2.4M into the project. 

❗️ ❗️ ❗ IMPORTANT:

Please note that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch isn't a financial advisor and doesn't intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 89+ distinct variables/metrics, refined over time through the team's rich 7-year experience.

Saakuru Overview

Ticker: SKR
Country: Singapore
Founded: 2021
Whitelist: No
Blockchain Network: Ethereum
KYC: Yes
Bounty: Yes
MVP: Yes
Type: IDO, Equity
Security Audit: Yes

Saakuru Review

Saakuru blockchain is an L2 Ethereum network built on an OP stack with the goal of making blockchain technology accessible to a wider audience.

It allows users to interact with applications on its chain without paying transaction fees to the network, as dApps and the Saakuru network will bear the cost of fees. This facilitates easier entry and adaptation to blockchain technology for new users while attracting potential clients for the dApps within its chain network.

Saakuru has also developed a diverse range of tools for developers called the "Developers Suite" to seamlessly build new applications upon its network. These include:

  • Mobile Wallet SDK: A software development kit for integrating feature-rich Web3 wallets into your decentralized applications, available for iOS, Android, React Native, and Flutter.
  • Data API: This feature provides Saakuru’s dApps with all historical and real-time information about movements and ownership of assets across Ethereum, Saakuru, Polygon, BSC, and 5 other chain networks via simple API integration;
  • NFT CRM verification platform: The Saakuru CRM allows for the seamless creation and distribution of NFTs, simplifying the use of blockchain loyalty programs, ticketing systems, and digital ownership verification via NFTs.

The project’s unique concept and product design have garnered significant attention from the crypto community, enabling Saakuru blockchain to grow its user base to over 426K active wallets, with assets deposited and recording more than 1.4M transactions per week.

Additionally, it has established partnerships with a diverse network of leading funds and angel investors, including Hashkey Capital, Shima Capital, Sandeep Nailwal (Polygon Co-founder), and others, raising over $2M during its private funding round.

Recently, the project released its roadmap for 2024, announcing IDO on Decubate and the launch of the $SKR token. The token's primary role is granting access to the governance voting and reducing the cost of the gas fees for dApps via staking.

Considering the upcoming Saakuru token sale, CoinLaunch decided to analyze the entire Saakuru crypto project and identified some pros and cons you need to consider before participating in the $SKR IDO:

✅ Saakuru’s Token Sale Pros:

  • Great concept for the product, specifically designed for mass crypto adoption, which aligns well with current market narratives and visions.
  • Rapid growth of the project to over 426K users within the first nine months.
  • The platform was audited by the tier 2 and tier 3 security companies
  • Strong network of funds supporting the project.
  • Large number of tier 2 and tier 3 projects partnering with Saakuru.
  • Relatively good PR, growth, and social media marketing performance.
  • Relatively low Initial Market Cap/Fully Diluted Valuation (8.2%).
  • Relatively experienced executive team.

📛 Saakuru’s Token Sale Cons:

  • High token inflation rate for the first year after the TGE (5.71% per month).
  • Weak marketing infrastructure 
  • Short influencer marketing network
  • No active bug bounty program.

Saakuru Token Economy

Total Raise: $2,300,000
Total Supply: 1,000,000,000
Private/Pre-sale: 138,000,000 (13.8%)
Public Sale: 12,000,000 (1.2%)
Fully Diluted Valuation (FDV): $25,000,000
Initial Circulation Supply: $2,050,000 (8.2% of FDV)

Saakuru Token Sale (ICO & IDO) Rounds

Private: 01 Mar - 08 Apr

Price: $0.023
Tokens for sale: 100,500,000
Raise: $2,400,000
Lock-Up: 4-months lockup, 14-months linear unlock
IDO: 28 May - 29 May

Price: $0.025
Tokens for sale: 12,000,000
Raise: $300,000
Lock-Up: 25% at TGE, 3-month linear unlock thereafter
Launchpad: Decubate Decubate

Saakuru Token Release Schedule

Saakuru Protocol Token Release Schedule

Saakuru Funds and Backers

Hashkey Capital logo
HashKey Capital
Score: High
9 numbers of
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Tribe Capital
Score: Medium
4 numbers of
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Shima Capital logo
Shima Capital
Score: High
3 numbers of
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Saakuru Influencers

2 numbers of
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Mario Nawfal
Mario Nawfal
1 numbers of
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1 numbers of
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Saakuru Marketing Activity

Search Engine Optimization
Social Media & Community Management
PR & Traffic
Marketing Infrastructure
Influencer Marketing
Growth Marketing
Last Update:  12 Apr 2024 Upgrade

Saakuru News

Saakuru Roadmap

2024 Q1
  • Saakuru Transparency Portal v1 and NFT marketplace launch;
  • Saakuru Mobile SDK v1 updates;
  • Saakuru App v5 updates:
    • Add Social logins Add Solana support for APIs and Wallet Engine;
    • WalletConnect updates;
    • Academy and news aggregator engine integration.
  • Adding self-service customizable NFT deployment in NFTs CRM v1;
2024 Q2
  • $SKR token launch and IDO on Decubate;
  • Taffy DeFi Platform launch v1;
  • Add self-custody dashboard for Developer Suite and customizable zkNFT page;
  • Upgrading wallet engine in Saakuru Mobile SDK v2;
2024 Q3
  • Open DeFi routes to other EVM-based chains with Router Protocol;
  • Enabling the "ZI" (Zero-Interface) integration feature for Wallet SDK;
  • Gamification API subscribes to real-time updates WebSocket;
  • Add support for any EVM-based chain for APIs and Wallet Engine;
  • Wallet SDK for web-based applications.

Others in upcoming IDO

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Total Raise: $690,000
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ZNS Connect Logo ZNS Connect (ZNT)
Total Raise: $4,170,000
01 Sep - 03 Sep
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