SpyritCoin is a Polygon-based deflationary utility token. Recurring Tax Back to Investors and Liquidity Acquisition are the two economic protocols that comprise the Spyrit system. For every 20,000 SpyritCoins minted and returned back into circulation as an investor reward, a single SpyritCoin will be destroyed and permanently removed from circulation under the Reoccurring Tax Back to Investors (RBTI) protocol. A stable supply of utility tokens is maintained while deflationary benefits are provided to investors. Due to Spyrit's RBTI functionality, even if the coin never reaches 50k users and there is no big capital infusion into its system, it will always have an RBTI demand level of 20kx the current circulating supply.
With Tax Back to Investors and Liquidity Acquisition as the foundations, SpyritCoin (SPX) is a new utility coin. A part of the SpyritCoin will be distributed to investors, advisors, and other Spyrit platform users. Those that utilize the Spyrit platform on a regular basis are rewarded with SpyritCoin, which is then distributed among the site's users and investors. Using current debt-backed cryptocurrency tokens like Bitcoin, we want to construct a global economy. Even little quantities of cryptocurrency can make a great impact to everyone's wealth, therefore this could lead to a substantial rise of an already popular economic tool that millions around the world have already used.
Built on the Polygon network, Spyrit is a deflationary utility coin that does not increase in value. Using real-world examples, it's spread throughout a wide range of businesses and markets. Polygon's and its affiliates' network expansion is reflected in the value of each SpyritCoin.
SpyritCoin is a utility token based on the blockchain that is deflationary. As a reward for holding SPYR tokens, Polygon network members are entitled to 10% of all earnings earned by all Polygon members. On the Polygon Network, tokens can also be used to buy goods, services, and other digital assets.
SpyritCoin is a new kind of cryptocurrency coin. The "Spyrit Cycle," upon which the Spyrit Foundation is constructed, is based on the idea that it is possible to profit from future growth while also giving back to the community. SpyritCoin's original purpose was to provide investors with a deflationary utility token in order to stabilize the market.
Introducing Spyrit, a cryptocurrency designed to provide investors with a new type of cryptocurrency investment platform. Investors' gains are protected from market volatility by the built-in RSB (Recurring Stability Bonus) and Community Sentiment Control features on the Spyrit Blockchain.
SpyritCoin is the first cryptocurrency in the world to use a completely new economic model to power its operation. It eliminates the need for ICOs, IPOs, and VCs by placing investors in charge of how their money is spent, thanks to CVCs (or Crypto Venture Capability). With SpyritCoin, organizations may reroute capital to where it has the most chance of success, rather than relying on industry models built to take advantage of bitcoin valuations and limit growth in the process.
More Information
Website : https://spyritcoin.io/
Whitepaper : https://github.com/spyritcoin/SPYRIT-Paper/blob/main/SPYRIT%20PAPER.pdf
Twitter : https://twitter.com/spyritcoin
Telegram : https://t.me/spyritcoin
GitHub : https://github.com/spyritcoin
DisCord : https://discord.com/invite/xzyeMr3Rbb
Creator
Bitcointalk username: Amber F0wler
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=3416242
telegram : @AmberF0wler
Wallet Address:
0xFca6b1b6b2Ed958733113f151890B8af13f2b4b9