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Sperax USD

USDS
OG Rank: 64
Market Cap Rank: 3448 ($1.14M)
ACTIVE
About

Sperax USD (USDs) is a fully collateralized stablecoin on the Arbitrum network that generates auto-yield for holders without the need for staking or manual claims... Learn More

Category
Stablecoins USD Stablecoin
Founder
Frida Cai
USDS Price

$1.001

24h 0.21%
7d -0.12%
All time low ($0.885129)
($2) All time High

OG Score

Based on 1 OG evaluation

TBA

...

LINKS

Web Site
Explorer
Social

OGAudit Evaluation Points

35.27
5.20
Use Case & Tech

Use Case & Tech

Is this web3 project innovative and offers a unique solution to a problem that outperforms its competitors? Is the product or service as useful, fast and inexpensive as advertised? How robust is this network/contract and are there up-to-date technical audit reports from various reputable auditors? Was the network/contract halted before? Have there been any serious hack or exploits? If so, were the victims adequately compensated?
N/A
Promising and Growing

Promising and Growing

How realistic are the team's vision, mission, and goals? Does the team have a clear roadmap and consistently fulfill their promises? Can the team adapt to market changes and meet user demands?
N/A
Revenue Model

Revenue Model

Does the project have sustainable and diversified revenue income models? Additionally, does it possess sufficient resources to sustain its operations in the medium to long term?
50.60
TVL & Liquidity

TVL & Liquidity

Is the TVL (Total Value Locked) or staked assets on the platform at a sufficient rate compared to the market cap? Note: High TVL or staked assets generally indicate trust in the ecosystem or the smart contract. If there is a token, is there sufficient liquidity and volume in DeFi and CEX?
N/A
Tokenomics, Utility

Tokenomics, Utility

What is the token circulation ratio to maximum supply? What is the impact of mining, staking, and LP incentives on token inflation? Is the vesting schedule evenly spread over multiple years? What is the ratio of tokens held by the team and whales? Note: High inflation, low circulating supply, and significant whale/team token holdings are main reasons for low ratings.
50.00
Community & DAO

Community & DAO

Does the team value and prioritize community input and use on-chain voting for decisions? Is decision-making equitable, or do the whales have undue influence? Are diverse and local communities well-supported, with emphasis on quality interactions over quantity? Has there been a large-scale airdrop for the community?
N/A
Team & Partners

Team & Partners

Are the core team members experienced and transparent, or are they anonymous? Is the team large enough and experienced compared to similar projects, and are they actively recruiting new talent? Are partnerships strong and conducive to industry advancement? Does the ecosystem have growth potential?
N/A
Education and Support

Education and Support

Are there sufficient, clear, and up-to-date materials about the product/service in the webpage/whitepaper and community channels? Do they regularly share news/updates and host AMA sessions? Is the user retention rate high, are they professional and solution-oriented in terms of user support?
N/A
Marketing / Socials

Marketing / Socials

Are social media and marketing strategies effective and sustainable? Do they organize entertaining, educational, and rewarding events and campaigns? Can they create and spread quality viral content? Is their social media presence organic, or the follower count, and post engagements are manipulated by bots?
N/A
Gem Scope

Gem Scope

Considering all the points you have evaluated, especially the market cap, what is the potential of this project to be considered a 'gem'?
35.27
5.20
Use Case & Tech

Use Case & Tech

Is this web3 project innovative and offers a unique solution to a problem that outperforms its competitors? Is the product or service as useful, fast and inexpensive as advertised? How robust is this network/contract and are there up-to-date technical audit reports from various reputable auditors? Was the network/contract halted before? Have there been any serious hack or exploits? If so, were the victims adequately compensated?
N/A
Promising and Growing

Promising and Growing

How realistic are the team's vision, mission, and goals? Does the team have a clear roadmap and consistently fulfill their promises? Can the team adapt to market changes and meet user demands?
N/A
Revenue Model

Revenue Model

Does the project have sustainable and diversified revenue income models? Additionally, does it possess sufficient resources to sustain its operations in the medium to long term?
50.60
TVL & Liquidity

TVL & Liquidity

Is the TVL (Total Value Locked) or staked assets on the platform at a sufficient rate compared to the market cap? Note: High TVL or staked assets generally indicate trust in the ecosystem or the smart contract. If there is a token, is there sufficient liquidity and volume in DeFi and CEX?
N/A
Tokenomics, Utility

Tokenomics, Utility

What is the token circulation ratio to maximum supply? What is the impact of mining, staking, and LP incentives on token inflation? Is the vesting schedule evenly spread over multiple years? What is the ratio of tokens held by the team and whales? Note: High inflation, low circulating supply, and significant whale/team token holdings are main reasons for low ratings.
50.00
Community & DAO

Community & DAO

Does the team value and prioritize community input and use on-chain voting for decisions? Is decision-making equitable, or do the whales have undue influence? Are diverse and local communities well-supported, with emphasis on quality interactions over quantity? Has there been a large-scale airdrop for the community?
N/A
Team & Partners

Team & Partners

Are the core team members experienced and transparent, or are they anonymous? Is the team large enough and experienced compared to similar projects, and are they actively recruiting new talent? Are partnerships strong and conducive to industry advancement? Does the ecosystem have growth potential?
N/A
Education and Support

Education and Support

Are there sufficient, clear, and up-to-date materials about the product/service in the webpage/whitepaper and community channels? Do they regularly share news/updates and host AMA sessions? Is the user retention rate high, are they professional and solution-oriented in terms of user support?
N/A
Marketing / Socials

Marketing / Socials

Are social media and marketing strategies effective and sustainable? Do they organize entertaining, educational, and rewarding events and campaigns? Can they create and spread quality viral content? Is their social media presence organic, or the follower count, and post engagements are manipulated by bots?
N/A
Gem Scope

Gem Scope

Considering all the points you have evaluated, especially the market cap, what is the potential of this project to be considered a 'gem'?

OG REVIEWS

Latest OG Reviews
Emirie Wallet No:xxxx-57dc0
23/10/2024 17:55
USDS @ $1.007
The guys' motto is "Organic Automatic Return Stablecoin"! I couldn't get clear information about automatic return rates from their website. Of course, I have no doubt that they give more than the interest rates of banks. The site has problems with its interface. I couldn't connect my Metamask wallet. I also tried connecting my OKX and Coinbase wallets and apparently they have a general problem with connecting wallets. I didn't really like this project. By the way, let me say that it is an algorithmic stablecoin and it hasn't lost its stability at $1 so far. it has 28,983 holders
35.26
High Ratings
Low Ratings
Emirie Wallet No:xxxx-57dc0
23/10/2024 17:55
USDS @ $1.007
The guys' motto is "Organic Automatic Return Stablecoin"! I couldn't get clear information about automatic return rates from their website. Of course, I have no doubt that they give more than the interest rates of banks. The site has problems with its interface. I couldn't connect my Metamask wallet. I also tried connecting my OKX and Coinbase wallets and apparently they have a general problem with connecting wallets. I didn't really like this project. By the way, let me say that it is an algorithmic stablecoin and it hasn't lost its stability at $1 so far. it has 28,983 holders
35.26

Sperax USD Price

Price Statistics

Sperax USD Price $1.001
24h Low / 24h High $1.00 / $ 1.01
Market Cap Rank #3448
Market Cap $ 1.14 M
Circulation Supply $ 1.14 M
Total Supply $ 1.14 M
Max Supply $ 0.00
All Time High $ 2
All Time Low $ 0.885129
ICO/IDO Price 0

Sperax USD Markets

Exchange Pair Og Score TBA 24h Volume

About Project

What is Sperax USD (USDS)?

Sperax USD (USDs) is a new stablecoin that stands out in the cryptocurrency market for its unique features and benefits. Here’s a closer look at what makes USDs special.

Sperax USD (USDs) is a stablecoin designed to maintain its value while also generating automatic yield for its holders. Unlike traditional stablecoins, USDs allows users to earn yield directly in their wallets without needing to stake their tokens or manually claim rewards. This feature simplifies the process of earning passive income, making it accessible to everyone.

 

Key Features

Auto-Yield

One of the standout features of USDs is its auto-yield capability. Users automatically earn yield just by holding USDs in their wallets. There’s no need for staking, and no gas fees are required to claim rewards, making it user-friendly and convenient.

Layer-2 Technology

USDs operates on the Arbitrum network, which is the largest Layer-2 ecosystem for Ethereum. This integration allows for lower transaction fees and faster processing times, making it more accessible for everyday users, especially retail investors.

Fully Backed Model

Sperax USD is 100% backed by a diverse range of whitelisted stablecoins. This collateralization ensures that each USDs token is supported by real assets, providing stability and trust in its value.

Technology Behind USDs

The technology that powers Sperax USD combines blockchain innovation with financial strategies. The auto-yield feature is facilitated through smart contracts that distribute rewards automatically, eliminating the need for users to take extra steps.

Real-World Applications

Sperax USD has several practical applications, particularly in decentralized finance (DeFi). Users can engage in yield farming, trading on decentralized exchanges like Uniswap and Camelot, and making gasless transfers between wallets. This makes USDs a versatile tool for both DeFi and everyday transactions.

Recent Developments

Sperax USD has made significant strides since its launch. Key events include:

  • Launch on BitGo: This step enhanced the security of USDs, making it appealing to institutional investors.
  • Listings on Exchanges: USDs has been listed on major exchanges, providing liquidity and ease of access for users.
  • Integration with Arbitrum: This integration improved transaction speeds and reduced costs, increasing its popularity among retail investors.

 

Governance and Community

The governance of Sperax USD is decentralized, allowing community members to participate in decision-making processes. This structure ensures transparency and aligns the interests of all stakeholders.

 

Founders

Sperax USD was founded by Frida Cai, Tiantian Kullander, and Damian Scavo. Each founder brings valuable experience in blockchain technology and finance, contributing to the strategic direction and development of USDs.

 

Future Vision

Sperax aims to enhance interoperability, allowing USDs to be deployed across multiple blockchain platforms. This vision positions USDs as a versatile and widely adopted stablecoin in the digital economy.

What is unique about Sperax USD (USDS)?

Sperax USD (USDs) is a unique stablecoin that generates auto-yield for holders without requiring staking or manual claims, making passive income effortless and accessible on the Arbitrum network.

Who are the founders of Sperax USD (USDS)?

Sperax USD was founded by Frida Cai, Tiantian Kullander, and Damian Scavo, each bringing extensive experience in blockchain technology and finance to the project.

Where can I buy Sperax USD (USDS)?

 

What are Sperax USD (USDS) user reviews/opinions?

OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like Sperax USD USDS. To access these ratings, evaluations, and comments, click here.

How to mine Sperax USD (USDS)? How can I stake Sperax USD (USDS)?

There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.

What is the circulating, max supply and market cap of Sperax USD (USDS)?

This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of  Sperax USD (USDS) is ($1,136,228), max supply of Sperax USD  USDS is ($0) and the market cap of Sperax USD  USDS is ($1,137,723). 

What is the Sperax USD (USDS) price prediction?

Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!

What is the price of Sperax USD (USDS)?

The current market price of Sperax USD (USDS) is $1. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.

Is Sperax USD (USDS) a good investment?

It is important to do comprehensive research before deciding whether Sperax USD (USDS) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:

Is this type of digital asset considered legal in your country?

Does Coin (Sperax USD USDS) solve a good problem or offer the best solution?

Do products and services work effectively, and solutions are scalable?

Does the team have a realistic roadmap and can catch up with it?

Does Sperax USD (USDS) have reasonable and sustainable revenue income models?

Can the team market their products and services well?

How decentralized is the governance and how strong is the community?

Has it reached its fair market value yet?

Does the coin/token have enough trading pairs and liquidity?

As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Sperax USD (USDS) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.

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