$SPIRIT
Last updated
Last updated
The native cryptographically-secured fungible protocol token of SpiritSwap (ticker symbol $SPIRIT) is a transferable representation of attributed utility functions specified in the protocol/code of SpiritSwap, and which is designed to be used solely as an interoperable utility token thereon.
As mentioned herein, $SPIRIT functions as the economic incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on SpiritSwap, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. $SPIRIT is an integral and indispensable part of SpiritSwap, because without $SPIRIT, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on SpiritSwap. Given that additional $SPIRIT will be awarded to a user based only on its actual usage, activity and efforts made on SpiritSwap and/or proportionate to the frequency and volume of transactions, users of SpiritSwap and/or holders of $SPIRIT which did not actively participate will not receive any $SPIRIT incentives. $SPIRIT will pre-dominantly be issued to incentivise provision of liquidity.
Total Supply: 1,000,000,000 $SPIRIT
Initial distribution plan:
Farm: 81.82%
DAO: 8.18%
Development: 7.50%
Airdrop: 2.5%
For more info, please see emissions ๐