Blockchain is a decentralized public ledger. It is a network of computers that have identical copies of a database and change their state (records) to a common agreement based on pure mathematics. All this means that there is no need for a central server or any entity we trust (e.g. central bank, notary, bank, Paypal, etc.). Blockchain is the technological basis for all cryptocurrencies, be it Bitcoin, Ethereum, Hyperledger, etc.
An important part of blockchain is a smart contract, a piece of code that is stored in the blockchain network (in the database of each participant). It basically defines the conditions under which all parties use the contractual agreement. Therefore, if the required conditions are met, certain actions are executed. Since smart contracts are stored on all the computers on the network, everyone should run them and get the same result. This way the user can be sure that the results are correct.
About SpyritCoin
SpyritCoin is a deflation utility token based on the Polygon network created with two practical conventions; Reoccurring Tax Back to Investors, and Liquidity Acquisition.
What is Utilities?
The utility for SpyritCoin will be used in the working platform around SPYRIT. The stage has conventions that allow clients to exchange with fast exchange speeds, automated compound marking, high return cultivation, and non-stop NFT tagging.
We want to create a Polygon network that uses Spyrit's in-game utility tokens, which can be used to unlock rewards such as upgrades, virtual items, and content. We call these awards "growth points" or GPs. This will bring up the value of the SPY token, which obviously increases its intrinsic value.
Spyrite Coin was one of the earliest ICOs on the Ethereum blockchain. Not only will gamers benefit immediately by holding Spyrite Coin, they will also be exposed to outside markets and become more involved in the definition of decentralized gaming.
Participants will receive many benefits through an ecosystem that has been designed with transparency and fairness in mind.
SpyrtCoin is an exchange-traded token with built-in rewards, incentives and payment systems. Our Polygon network is an ecosystem powered by SpyrtCoin and other tokens. Consuming this ecosystem provides multiple streams of passive income over time, benefiting not only content creators, but developers as well.
SpyrtCoin is a utility token designed for content creators. The SPYRITE platform is an ecosystem powered by SpyrtCoin and other associated tokens with built-in rewards, incentives and payment systems to drive the monetization of digital assets.
Spyrite Coin's goal is to support and maintain the relevant environmental system services. Initial exchanges will be created and SpyritCoin sold to the public via a transparent ICO, with more core features of the Polygon Network being released over time. The Polygon Network aims to revolutionize the way digital content is consumed, shared and valued.
Our Progress
- DEFI: Applications that rely on the DeFi standard, to ensure the liquidity of the free streaming business sector.
- DEX: Decentralized trading based on the Polygon Network which will allow clients to buy, sell and trade their coins or tokens securely.
- Span: Turn your SpyritCoin from a Polygon organization to a Spyrit Chain.
- Staking and Farming: Staking your SpyritCoin or NFT to earn from homesteads or liquidity pools.
- Blockchain: Spyrit Chain will be another Layer 1 blockchain convention centered around usability and scalability which is further developed, at insignificant gas costs.
- MetaVerse: A unique story-based MetaVerse game with NFT uses and in game NFT content, called Spyrit Realm. Created and delivered on Spyrit Chain.
Tokenomics
- Token Name : SpyritCoin
- Network: POLYGON
- Supply: 5 BILLION
- Fee: 10%
- Automatic Liquidity : 5%
- Dividend : 5%
Roadmap
Q3 2021
- Create Websites and Social Profiles
- Send Smart Contract Token
- Share V1 Whitepaper
- Submit ICO Smart Contract
Q4 2021
- Foster dApp
- Foster Staking and Protocol Farming
- Foster NFT Staking Protocol
- Reviews and KYC
- Send Pre-sale Smart Contract
- Displaying and Advertising Campaigns
Q1 2022
- Public Launch
- Get Partnership
- Coin Listing Site
- Create NFT Collection
- Foster Cross Chain DEX
Q2 2022
- Create Game Blueprints
- Build a Spyrit Chain Network
- Foster Cross Chain Bridge
For 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
Author : Amild
Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=2583828
My POLYGON Wallet : 0xbf00577895715883E63C6694D33dA51b1cDEBDa8