SPO Token: The nucleus of the Spores Network
Apart from the popular cryptocurrencies such as Bitcoin and Ether, the native tokens of a project play a crucial role in the crypto-verse. These tokens not only empower the projects in their financial activities but also helps users participate in different services offered by the platform.
Spores Network is a cross-chain DeFi-powered NFT marketplace that is redefining the decentralized pop culture, sharing NFT content across the various industry spectrum. However, at the heart of Spores Network lies the SPO token, a utility token that acts as the nucleus of the Spores Network.
$SPO — The Nucleus of the Spores Network
Spores Network aims to drive positive change through its wide range of services and celebrate and foster the growth of its community. The $SPO token plays an integral part in achieving this goal as the native utility token.
$SPO is a dynamic token powered by a buyback mechanism that reduces the circulation supply to offer increasing value to the token holders. According to the buyback mechanism 25% of the proceeds from NFT sales will be utilized to purchase SPO tokens from various exchanges and will be locked for two years.
The $SPO token in itself is a utility token that also acts as one of the core utilities, which is used to purchase NFTs on the Spores Marketplace. In the future, Spores Token is available on CoinGecko, Uniswap — Trading Pair: SPO/ETH, CoinMarketCap, and Gate.io.
Moreover, Spores Network has integrated with Binance Smart Chain that not only allows users to stake on BSC but also allows $SPO token holders more utility by moving tokens from ETH to BSC and vice versa.
Token Details for BSC Integration
BSC Token Contract: 0x8357c604c5533fa0053BeAaA1494Da552ceA38f7
BSC Token Decimals: 18
Trade on PancakeSwap: https://spores.link/3lFDeyu
SPO/BNB Liquidity: https://spores.link/3p1tvF0
$SPO Token apart from the buyback is also powered by a staking program where users can stake the tokens on BSC Staking pools to earn handsome APYs.
Spores Network founders believe that the decentralization of ownership and burgeoning metaverse will uniquely bridge our digital and physical lives. Our mission is to create an NFT ecosystem that is creator-centric, community driven, and borderless. To that end, Spores functions as a media company that leverages an NFT marketplace and game publishing platform to activate content creators in art, games and entertainment.
Spores Co-Founders include Duc Luu (Nasdaq IPOed serial entrepreneur ), Eric Hung Nguyen (former senior investment analyst at a top-10-worldwide hedge fund), and a diverse team of advisors across blockchain and entertainment.
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