What is Sperax crypto? Sperax crypto is the native cryptocurrency token of the Sperax DeFi network, a global decentralized finance network aiming to build the modern money using the blockchain technology. The Sperax network started in 2020, and the company behind this network has the aim of building an equal and inclusive blockchain-enabled society. Sperax network has two types of crypto tokens. The first one is the Sperax token (SPA), and the second one is the Sperax USD (USDs). Here are some important things to know about Sperax crypto:
Sperax Token Price Worth
As of May 2022, Sperax token (SPA) is worth around $0.055 USD, which is quite a small value when compared to other crypto tokens. However, Sperax is a new crypto token that came to the market in 2020. So, it will take quite some time for this crypto token to grow in value. The Sperax pricing is on the decline this month when compared to last month, and May 18, 2022 shows the lowest decline of this token price. The current Sperax market cap is around $47million USD.
Sperax and USDs (Sperax USD)
Aside from Sperax token (SPA), Sperax network also produces Sperax USD (USDs), which is the stable coin that has the auto-yield functionality. USDs offers various benefits for the users, such as continuous yield, volatility free, and compatibility with multiple blockchains. Sperax USD relies on its own DeFi aggregators, reinvestment, and other protocols to ensure its stability.
Sperax USD has a unique connection with the Sperax token. Minted Sperax USD (USDs) will burn Sperax token (SPA). Burned Sperax USD (USDs) will also mint Sperax Token (SPA). So, it creates the chains of minting and burning between Sperax USD and Sperax token, maintaining the stability of this crypto coin.
Building the Modern Money with Sperax
The purpose of the Sperax network is to build the DeFi platform that offers modern money using the blockchain technology. The users can use Sperax, both the Sperax token and Sperax USD, to build their wealth and maintain it. It’s also a good way to generate wealth for the users, as they can get rewards for the Sperax token and Sperax USD they hold. Not only that, users can also use Sperax to complete various transactions around the world, along with sending and receiving money from other users.
Sperax and Proof-of-Stake Blockchain Network
Sperax uses the Proof-of-Stake (POS) blockchain network called BDLS to enable high performance and security in its network. With BDLS, Sperax uses the blockchain technology that has high performance to process various transactions and calculate crypto activities within its network. Also, the Sperax blockchain technology uses better security protocols to ensure that each transaction can go with maximum security. This type of security adapted by the Sperax network can also help protect the platform from potential malicious attacks that might disrupt the network function.
Ready to invest in Sperax crypto? It’s best for you to buy this crypto token today to expect a price hike later on, as the price of this crypto token is on the decline as of May 2022. However, you can expect it to have a slower growth rate when compared to other more popular cryptocurrencies, since the value of this crypto token is still quite small.