SPA (Sperax) Introduction
Connecting you with modern money
I. Project Introduction
Founded in late 2019, Sperax is a global technology firm building modern money with blockchain technology. It is building a DeFi ecosystem with a suite of various products. SPA token will serve as the governance token for Sperax’s full suite of Defi products.
Sperax is currently in the process of launching Sperax USD (USDs), which is a hybrid yield-bearing stablecoin. USDs is partially collateralized and partially backed by the protocol's ability to mint SPA when redeeming USDs. This allows USDs to operate like DAI during market contraction and UST during market expansion. In the meantime, the team is also working on a few other Defi products, including Sperax Synthetic assets and Derivatives. Sperax Play (will be rebranded to Spark) is a mobile crypto hub that has acquired more than 600K users so far.
Sperax is poised for further growth on the mission to deliver financial freedom with the power of blockchain technology.
II. Token Information
1) Token Basic Information
- Token symbol: SPA
- Total token amount: 5 billion
- Price of tokens in private sell and public sell rounds: $0.014 - $0.02
- TGE date: August 2020
2) Token Distribution and Release Schedule
|Category||Share of Total Supply||Release schedule|
|Reserve||30%||2 year linear|
|Private Sale||15%||1 year linear|
|Ecosystem||10%||1 year linear|
|Team & Advisor||10%||6 month cliff; 2 year linear|
|Public Sale||5%||Release on TGE（August, 2020）|
III. Related Links
Official Website: sperax.io
Contract Address: 0xb4a3b0faf0ab53df58001804dda5bfc6a3d59008
- Twitter: https://twitter.com/sperax_io; https://twitter.com/SperaxUSD
The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Some of the content may be out of date, erroneous, or omit crucial information. Huobi Global does not take responsibility for any resulting direct or indirect losses.
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