The cryptocurrency was created in the spring of 2023 by a group of anonymous developers. The asset was named in honor of the "father" of Bitcoin - Satoshi Nakamoto. Satoshi is also a fractional unit of Bitcoin. This is where the references to the first cryptocurrency end.
The SATS token is not tied to the Bitcoin rate. In January 2024, the asset price is $0.0000006455. For convenience, settlements on exchanges are carried out in thousands of SATS. Some trading platforms use the ticker 1000SATS and indicate the corresponding price - $0.0006455 SATS.
The launch of the new digital currency went relatively unnoticed by the crypto community. Traders became interested in the token after listings on leading exchanges. In December 2023, the asset was added to the Binance exchange. Within a day, the 1000SATS rate increased by 71%.
