Saakuru (SKR)

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.