SpyritCoin is a deflationary utility coin built on the Polygon network established with two economical protocols; Reoccurring Tax Back to Investors, and Liquidity Acquisition. The SpyritCoin Network will have many of the same characteristics of Bitcoin and other cryptocurrency networks in addition to the cryptographic aspects that make it unique.
This includes the whitepaper and detailing important differences.
SpyritCoin is a deflationary utility coin built on the Polygon network established with two economical protocols; Reoccurring Tax Back to Investors and Liquidity Acquisition. Its’ local network helps investors develop a strong community, as well as obtain support in case of problems as it features a community forum.
SpyritCoin is a new cryptocurrency developed on the Polygon blockchain network. Designed with two solid economic protocols; Reoccurring Tax Back to Investors, and Liquidity Acquisition, SpyritCoin is a utility token with a rich supply model. The Spyrit Foundation allows our community to make new recommendations for fund allocation, offering complete transparency for the community.
We're delighted to unveil SpyritCoin, the world's first new altcoin in nearly three years. SpyritCoin is a proprietary utility token built upon the Polygon network with two economic protocols, Reoccurring Tax Back to Investors (with 80 percent of mining fees going back to token holders), and Liquidity Acquisition (through a buy-back program of 104 million coins at a rate of 0.01 ETH per coin) (through a buy-back program of 104 million coins at a rate of 0.01 ETH per coin).
The Polygon network is a spinoff of the Ethereum network that enables for near immediate transactions and more extensive programming features not present in Ethereum such as contracting systems.
SpyritCoin is a deflationary utility token and new altcoin developed on the Polygon network. It is a hybrid concept that allows for investors to benefit from an internal creative dynamic exchange rate and a unique tax-back structure.
Together, these protocols are designed to help stabilize and grow the value of SpyritCoin, while enabling a new use case for digital currencies.
SpyritCoin is designed to incentivise the project's sponsors and users by giving periodic tax income to investors and Liquidity Acquisition to SpyritMarket participants.
On the Polygon network, SpyritCoin (SPYC) has been created. Once Beta work has been completed, the project will enter Alpha testing. Unlike any other digital money, SpyritCoin will have its own unique set of features.
While SpyritCoin is the first currency to adopt Polygon technology, the coin's capabilities are second to none; Stealth transaction technology, Private transactions, and an intriguing combination of consensus processes. Premine, ICO, and other unfair distribution models are nonexistent.
Unlike with Bitcoin, Litecoin, and Ethereum, any CPU or GPU can fairly mine any coin.
SpyritCoin (SPY) is a utility token designed to make HyperVerse and Polygon software transactions easier. A product's worth is determined by its supply as well as demand. Anyone can make SpyritCoins by utilizing the SPY-based program.
Spyrit is now putting the last touches on Polygon's next-generation infrastructure and plans to launch an ICO soon. Do you want to be a part of our adventure? This page will be updated with additional information in the near future.
There are only 200 million SpyritCoins in existence and the ICO will get 60% of that supply. Because we want to avoid early pump and dumps, SpyritCoin will only go live on exchanges once we have at least $500 million in market capital on our initial exchange, for example Binance.
For more information please visit link the below:
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
Author
Bitcointalk username : Carmela L0uise Whittle
Bitcointalk profile url : https://bitcointalk.org/index.php?action=profile;u=3402606
BEP-20 wallet address: 0x0983044146E2Daea647392Ea2DbF29C3132708dF