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Live SPA Price Analysis
The current real time Sperax price is $0.0124, and its trading volume is $663,371 in the last 24 hours. SPA price has plummeted by
6.46%
in the last day, and decreased by
16.51%
in the last 7 days. It's important to note that current Sperax market capitalization is $20,972,210, and the maximum supply is 5,000,000,000 SPA coins. Talking about circulating supply, SPA has 1,691,682,261 coins. Currently, Sperax rank on the market is #522.
Sperax price today is
94.83%
below
all time high, and it is
1,778.28%
above
all time low.
All data and prices are updated in real-time. The most active and popular exchanges for buying or selling SPA are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.
What is Sperax (SPA)?
SPA is the native token of Sperax, which is a global technology company that focuses on providing an infrastructure for the development of decentralized finance (DeFi) products and services. The main product of Sperax is USDs, which is a stablecoin that has an integrated auto-yield mechanism. USDs holders can earn up to 11% APY due to its auto-yield feature.
Make sure to check out the live SPA price displayed on the Sperax price chart above.
The Purpose of SPA Tokens
There are two main use cases for SPA tokens – staking and governance.
By staking Sperax tokens on Ethereum or Arbitrum users can receive staking rewards, which are gathered from a portion of USDs yields and the Sperax protocol fees. In addition to that, they also receive veSPA tokens, which are SPA tokens locked with the vote escrow mechanism.
This is where the second use case of SPA tokens comes into play – governance. veSPA holders can participate in the process of decision-making regarding the further development of the Sperax crypto project. The longer they keep their SPA tokens locked up, the bigger the voting power they have.
Tokenomics of SPA
The max supply of Sperax tokens is 5 billion. This means that the token is deflationary. Besides, Sperax employs a buyback mechanism to keep constant buying pressure on Spreax coins. How does it work? Sperax takes a portion of USDs yield and protocol fees to buy SPA tokens from the market.
In addition to that, as the popularity of the USDs stablecoin expands, SPA tokens get burned. As time goes by, the SPA burning rate might increase.
If you’re considering buying Sperax coins, make sure to analyze the SPA price chart above because it will help you determine the main patterns in the Sperax price changes.
What's Sperax trading volume in the last 24 hours?
SPA has a trading volume of $663,371 in the last 24 hours.
What's Sperax highest price ever?
SPA has a highest price of $0.2399, which was reached on Mar 23, 2022 (3 years 6 days ago).
What's Sperax lowest price ever?
SPA has a lowest price of $0.0007, which was reached on Dec 11, 2022 (2 years 3 months ago).
What are the best exchanges for buying and selling SPA?
What are the safest hardware wallets for keeping SPA?
According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Sperax. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.
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