- Last Price0.01
- Turnover (24h)5.86M
- All-Time High0.23
- Total Supply4.6B
- Fully Diluted Market Cap69.09M
- Ranking920
- Market Cap30.67M
- All-Time Low0
- Circulating Supply2.04B
What is SPA
Learned by 2.5k usersPublished on 2024.03.29Last updated on 2025.04.02
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Note: The project description is sourced from official materials provided by the project team. However, it is important to note that these materials may be outdated, contain errors, or omit certain details. The provided content is for reference purposes only and should not be considered investment advice. HTX does not assume any liability for any direct or indirect losses incurred as a result of relying on this information.
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1. Project Introduction
Sperax (SPA) is a crypto-collateralized algorithmic stablecoin protocol based on the Arbitrum network. The USDs stablecoin generates automatic yield without the need for staking. Users simply hold the token in their wallet and automatically earn yield, without paying gas fees or manually calling smart contracts. USDs is backed by 100% audited diversified crypto assets (stablecoins), ensuring stability and security.
Summary: Sperax is a user-friendly, automatic yield stablecoin protocol that generates yield without staking. Its 100% asset-backed model ensures stability and security.
2. Team & Investment Info
Frida Cai, founder and partner of Sperax, was motivated to start the project due to the challenges she observed in accessing financial services during her time in Mombasa. Alec Shaw, business development partner at Sperax, has a strong financial and blockchain background. He studied finance at Marquette University, founded the Marquette Blockchain Lab, and worked in blockchain consulting, contributing to multiple Ethereum-based financial products. Additionally, Nicolas Andreoulis, a core designer of the Terra stablecoin project and DeFi savings protocol Anchor, has joined Sperax to assist in designing the sCOIN stablecoin.
Funding:
Sperax has raised a total of $16.8 million through three rounds of funding. The most recent round, completed on December 29, 2021, valued the project at $200 million, with participation from Amber Group, Alameda Research, Jump Capital, and DJ Steve Aoki.
3. Social Media URLs
X: https://x.com/SperaxUSD
Telegram: https://t.me/sperax
Discord: https://discord.gg/cFdcvj9jMm
Medium: https://medium.com/sperax
4. Token Info
Token Symbol: SPA
Total Supply: 5,000,000,000
Token Type: ERC-20
Issuance/Burn Mechanism: Fixed supply
Contract Address: 0xB4A3B0Faf0Ab53df58001804DdA5Bfc6a3D59008
Token Distribution:
Treasury: 25%
Foundation: 25.02%
LBP Liquidity: 10%
Staking Rewards: 10%
Team and Advisors: 9.98%
Private Sale: 15%
5. Related Links
Official Website: https://sperax.io/
GitHub: https://github.com/Sperax
White Paper: https://github.com/Sperax/USDs-Whitepaper/blob/main/USDs_Whitepaper.pdf
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How to Buy SPA
Welcome to HTX.com! We've made purchasing Sperax (SPA) simple and convenient. Follow our step-by-step guide to embark on your crypto journey.Step 1: Create Your HTX AccountUse your email or phone number to sign up for a free account on HTX. Experience a hassle-free registration journey and unlock all features.Get My AccountStep 2: Go to Buy Crypto and Choose Your Payment MethodCredit/Debit Card: Use your Visa or Mastercard to buy Sperax (SPA) instantly.Balance: Use funds from your HTX account balance to trade seamlessly.Third Parties: We've added popular payment methods such as Google Pay and Apple Pay to enhance convenience.P2P: Trade directly with other users on HTX.Over-the-Counter (OTC): We offer tailor-made services and competitive exchange rates for traders.Step 3: Store Your Sperax (SPA)After purchasing your Sperax (SPA), store it in your HTX account. Alternatively, you can send it elsewhere via blockchain transfer or use it to trade other cryptocurrencies.Step 4: Trade Sperax (SPA)Easily trade Sperax (SPA) on HTX's spot market. Simply access your account, select your trading pair, execute your trades, and monitor in real-time. We offer a user-friendly experience for both beginners and seasoned traders.
1.8k Total ViewsPublished 2024.03.29Updated 2025.04.02
What is SPA
1. Project IntroductionSperax (SPA) is a crypto-collateralized algorithmic stablecoin protocol based on the Arbitrum network. The USDs stablecoin generates automatic yield without the need for staking. Users simply hold the token in their wallet and automatically earn yield, without paying gas fees or manually calling smart contracts. USDs is backed by 100% audited diversified crypto assets (stablecoins), ensuring stability and security.Summary: Sperax is a user-friendly, automatic yield stablecoin protocol that generates yield without staking. Its 100% asset-backed model ensures stability and security.2. Team & Investment InfoFrida Cai, founder and partner of Sperax, was motivated to start the project due to the challenges she observed in accessing financial services during her time in Mombasa. Alec Shaw, business development partner at Sperax, has a strong financial and blockchain background. He studied finance at Marquette University, founded the Marquette Blockchain Lab, and worked in blockchain consulting, contributing to multiple Ethereum-based financial products. Additionally, Nicolas Andreoulis, a core designer of the Terra stablecoin project and DeFi savings protocol Anchor, has joined Sperax to assist in designing the sCOIN stablecoin.Funding:Sperax has raised a total of $16.8 million through three rounds of funding. The most recent round, completed on December 29, 2021, valued the project at $200 million, with participation from Amber Group, Alameda Research, Jump Capital, and DJ Steve Aoki.3. Social Media URLsX: https://x.com/SperaxUSDTelegram: https://t.me/speraxDiscord: https://discord.gg/cFdcvj9jMmMedium: https://medium.com/sperax4. Token InfoToken Symbol: SPATotal Supply: 5,000,000,000Token Type: ERC-20Issuance/Burn Mechanism: Fixed supplyContract Address: 0xB4A3B0Faf0Ab53df58001804DdA5Bfc6a3D59008Token Distribution: Treasury: 25%Foundation: 25.02%LBP Liquidity: 10%Staking Rewards: 10%Team and Advisors: 9.98%Private Sale: 15%5. Related LinksOfficial Website: https://sperax.io/GitHub: https://github.com/SperaxWhite Paper: https://github.com/Sperax/USDs-Whitepaper/blob/main/USDs_Whitepaper.pdf
2.5k Total ViewsPublished 2024.03.29Updated 2025.04.02
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