-
Bitcoin
$93,121.3794
-2.51% -
Ethereum
$3,331.5242
1.43% -
Tether USDt
$0.9986
-0.04% -
XRP
$2.1814
-1.59% -
BNB
$683.5402
5.37% -
Solana
$188.1995
4.92% -
Dogecoin
$0.3155
0.68% -
USDC
$0.9999
0.00% -
Cardano
$0.8905
0.45% -
TRON
$0.2498
1.87% -
Avalanche
$37.0557
1.43% -
Chainlink
$22.8240
4.11% -
Toncoin
$5.5197
3.16% -
Shiba Inu
$0.0000
1.81% -
Sui
$4.3852
1.66% -
Polkadot
$7.0383
2.80% -
Stellar
$0.3566
-0.26% -
Hedera
$0.2720
3.51% -
Bitcoin Cash
$448.0114
0.24% -
UNUS SED LEO
$9.3439
0.24% -
Uniswap
$13.6856
-0.71% -
Litecoin
$102.9491
3.30% -
Pepe
$0.0000
1.46% -
Hyperliquid
$27.3065
-6.25% -
NEAR Protocol
$5.1662
3.53% -
Ethena USDe
$0.9985
-0.07% -
Bitget Token
$4.0498
-2.20% -
Dai
$0.9996
-0.02% -
Aave
$355.9030
16.50% -
Aptos
$9.3655
1.77%
What currency is Spectral(SPEC)?
Spectral (SPEC), the native currency of the decentralized Spectral Protocol, enables non-custodial trading with cryptocurrencies and offers governance rights to token holders.
Dec 14, 2024 at 07:38 pm
What Currency is Spectral(SPEC)?
Spectral (SPEC) is a digital asset built on the Ethereum blockchain, utilizing the ERC-20 token standard. It serves as the native currency and utility token for the Spectral Protocol, a decentralized platform offering non-custodial spot and margin trading services for cryptocurrencies.
Key Features of Spectral (SPEC):
- Native Currency for Spectral Protocol: SPEC is the primary currency used within the Spectral Protocol ecosystem, facilitating transactions, fees, and rewards.
- Governance Token: SPEC holders can participate in the governance of the Spectral Protocol through voting on various proposals related to the protocol's development, features, and policies.
- Incentivization for Liquidity Providers: Users who provide liquidity to the Spectral Protocol's pools earn SPEC rewards for their contributions.
- Fees and Commissions: Trading fees and commissions on the Spectral Protocol are paid in SPEC, incentivizing traders to hold the token for reduced trading costs.
- Collateral Asset for Margin Trading: SPEC can be used as collateral for margin trading on the Spectral Protocol, allowing traders to borrow funds to increase their trading leverage.
Token Supply and Distribution:
- Total Supply: 100,000,000 SPEC
- Initial Distribution: Private sale (20%), public sale (15%), team and advisors (10%), community and ecosystem (10%), liquidity pool (10%), treasury (20%), development fund (15%)
Use Cases for Spectral (SPEC):
- Trading Fees: Traders on the Spectral Protocol pay trading fees in SPEC, which are used to reward liquidity providers and support the protocol's operations.
- Rewards for Liquidity Providers: Users who deposit their crypto assets into the Spectral Protocol's lending and borrowing pools earn SPEC rewards proportional to their share of the pool.
- Governance Voting: SPEC holders can participate in the governance of the Spectral Protocol by voting on proposals that impact the protocol's development, features, and policies.
- Collateral for Margin Trading: Traders can use SPEC as collateral for margin trading, allowing them to borrow funds to increase their trading leverage and potential profits.
- Staking: SPEC holders can stake their tokens to earn additional rewards and support the security and stability of the Spectral Protocol.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
The Best New Meme Coins for Massive Return Potential in December 2024
- 2024-12-24 04:25:02
-
Hailey Welch, also known as “Hawk Tuah girl,” first found fame through her popular catchphrase “Hawk Tuah.” However, she drew widespread criticism following the collapse of her cryptocurrency meme coin, $HAWK. She has now released a statement on the fiasc
- 2024-12-24 04:25:02
-
Hailey Welch’s statement about meme coin explained
- 2024-12-24 04:25:02
-
Pepeto: An Innovative Cryptocurrency Project Merging the World of Meme Coins with a Robust Utility-Driven Ecosystem
- 2024-12-24 04:25:02
-
Rare Coin Left In Salvation Army Red Kettle In Napa County
- 2024-12-24 04:25:02
-
PropiChain Presale: Best Crypto to Buy Now, Experts Say, Anticipating 6,600% Returns by January and 40,000% by 2025
- 2024-12-24 04:25:02
Related knowledge
How to sell Maple Token (MPL) coins safely
Dec 24,2024 at 03:42am
How to Sell Maple Token (MPL) Coins SafelyKey Points:Understand the different methods of selling MPL coins.Choose a reputable exchange or peer-to-peer platform.Follow step-by-step instructions to ensure a secure transaction.Be aware of potential scams and take necessary precautions.Monitor your transaction and keep a record for future reference.Step 1: ...
Which exchange will Stella (ALPHA) coin be listed on first?
Dec 24,2024 at 03:15am
Key Points:Potential exchanges for ALPHA listingFactors influencing exchange selectionAdvantages and drawbacks of each exchangeTimeline for ALPHA listingAdditional considerations for usersPotential Exchanges for ALPHA Listing:1. Binance:Largest cryptocurrency exchange by trading volumeOffers a wide range of cryptocurrencies and trading pairsAdvanced tra...
Is Stella (ALPHA) Coin Worth Investing Now?
Dec 24,2024 at 02:50am
Key Points:Understanding the Stella (ALPHA) Coin and its EcosystemEvaluating the ALPHA Coin's Technical and Fundamental PerformanceAssessing the Market Sentiment and Adoption of ALPHA CoinConsidering the Risks and Potential Rewards of Investing in ALPHA CoinProviding FAQs for进一步了解and EvaluationUnderstanding the Stella (ALPHA) Coin and its EcosystemStell...
What is the consensus mechanism of Request (REQ) coin?
Dec 24,2024 at 03:35am
Key PointsOverview of Proof-of-Work (PoW) Consensus MechanismImplementation of PoW in Request (REQ) CoinAdvantages and Disadvantages of PoW for REQ CoinProof-of-Stake (PoS) as an Alternative Consensus MechanismPotential Migration from PoW to PoS for REQ CoinFactors to Consider in Consensus Mechanism SelectionFuture Implications of Consensus Mechanism fo...
How to buy Stella (ALPHA) coins safely and reliably
Dec 24,2024 at 03:36am
Key PointsChoose a reliable cryptocurrency exchange that supports ALPHA.Create an account on the exchange and verify your identity.Fund your account with a supported payment method.Place an order to buy ALPHA tokens at the desired price.Store your ALPHA tokens in a secure cryptocurrency wallet.Step-by-Step Guide1. Choose a Reliable Cryptocurrency Exchan...
Where can I buy Maple Token (MPL) coins?
Dec 24,2024 at 04:17am
Key Points:Maple Token (MPL) is an Ethereum-based decentralized finance (DeFi) token that powers the Maple decentralized lending platform.Maple connects borrowers and lenders, enabling the creation of lending pools for specific borrowing needs.MPL holders can participate in governance of the platform and earn rewards through staking.Where to Buy Maple T...
How to sell Maple Token (MPL) coins safely
Dec 24,2024 at 03:42am
How to Sell Maple Token (MPL) Coins SafelyKey Points:Understand the different methods of selling MPL coins.Choose a reputable exchange or peer-to-peer platform.Follow step-by-step instructions to ensure a secure transaction.Be aware of potential scams and take necessary precautions.Monitor your transaction and keep a record for future reference.Step 1: ...
Which exchange will Stella (ALPHA) coin be listed on first?
Dec 24,2024 at 03:15am
Key Points:Potential exchanges for ALPHA listingFactors influencing exchange selectionAdvantages and drawbacks of each exchangeTimeline for ALPHA listingAdditional considerations for usersPotential Exchanges for ALPHA Listing:1. Binance:Largest cryptocurrency exchange by trading volumeOffers a wide range of cryptocurrencies and trading pairsAdvanced tra...
Is Stella (ALPHA) Coin Worth Investing Now?
Dec 24,2024 at 02:50am
Key Points:Understanding the Stella (ALPHA) Coin and its EcosystemEvaluating the ALPHA Coin's Technical and Fundamental PerformanceAssessing the Market Sentiment and Adoption of ALPHA CoinConsidering the Risks and Potential Rewards of Investing in ALPHA CoinProviding FAQs for进一步了解and EvaluationUnderstanding the Stella (ALPHA) Coin and its EcosystemStell...
What is the consensus mechanism of Request (REQ) coin?
Dec 24,2024 at 03:35am
Key PointsOverview of Proof-of-Work (PoW) Consensus MechanismImplementation of PoW in Request (REQ) CoinAdvantages and Disadvantages of PoW for REQ CoinProof-of-Stake (PoS) as an Alternative Consensus MechanismPotential Migration from PoW to PoS for REQ CoinFactors to Consider in Consensus Mechanism SelectionFuture Implications of Consensus Mechanism fo...
How to buy Stella (ALPHA) coins safely and reliably
Dec 24,2024 at 03:36am
Key PointsChoose a reliable cryptocurrency exchange that supports ALPHA.Create an account on the exchange and verify your identity.Fund your account with a supported payment method.Place an order to buy ALPHA tokens at the desired price.Store your ALPHA tokens in a secure cryptocurrency wallet.Step-by-Step Guide1. Choose a Reliable Cryptocurrency Exchan...
Where can I buy Maple Token (MPL) coins?
Dec 24,2024 at 04:17am
Key Points:Maple Token (MPL) is an Ethereum-based decentralized finance (DeFi) token that powers the Maple decentralized lending platform.Maple connects borrowers and lenders, enabling the creation of lending pools for specific borrowing needs.MPL holders can participate in governance of the platform and earn rewards through staking.Where to Buy Maple T...
See all articles
