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Satozhi (SATOZ) is a crypto token that operates on the Binance Smart Chain (BSC), Ethereum, and SATOZ networks. It was created based on a technical protocol similar to Bitcoin (BTC) proposed by Satoshi Nakamoto. While Bitcoin uses the Proof-of-Work (PoW) protocol, Satozhi (SATOZ) utilizes a more advanced protocol called Proof-of-Burn (PoB). This protocol involves burning token supply in the blockchain and generating new tokens in the pool every 10 minutes. Satozhi (SATOZ) is the world's first token to implement this innovative protocol. For more information, you can refer to the following sources:
- Press Releases: [Cointelegraph](https://cointelegraph.com/press-releases/satozhi-the-world-s-first-proof-of-burn-token-concept-on-binance-smart-chain), [Yahoo Finance](https://finance.yahoo.com/finance/news/satozhi-worlds-first-proof-burn-164500904.html) - Certik (Audit): [Certik](https://www.certik.org/projects/satozhi) - Mobile Wallet: [Google Play Store](https://play.google.com/store/apps/details?id=com.satozhi.lite)
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What is Satozhi (SATOZ)?
Satozhi (SATOZ) is a crypto token that operates fully on the Binance Smart Chain (BSC), and later on Ethereum and SATOZ networks, following the standards of the most advanced smart contract protocols.
Why is it named Satozhi (SATOZ)?
Satozhi (SATOZ) was created using a technical protocol similar to Bitcoin (BTC) proposed by Satoshi Nakamoto. While Bitcoin (BTC) utilizes the Proof-of-Work (PoW) protocol, Satozhi (SATOZ) employs a more advanced protocol known as Proof-of-Burn (PoB).
How does the Proof-of-Burn (PoB) protocol work?
Satozhi (SATOZ) is the first token in the world to utilize this innovative protocol. The PoB protocol involves burning a portion of the token supply on the blockchain and generating new tokens in the pool every 10 minutes.
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