Spores Network (SPO) is a deflationary cryptocurrency and NFT platform on the Avalanche network. More
| Fully Diluted Valuation | $574,635 |
|---|---|
| 24H Trading Volume | $112 |
| 24H Low / High | $0.000000000018205 / $ 0.000000000020168 |
| Circulating Supply | 30,536,848,494,834,000 |
| Total Supply | 30,536,848,494,834,000 |
| Max Supply | ∞ |
| Categories | NFT 3 more |
|---|---|
| Founder | David McDonald 1 more |
| Website | spore.earth 1 more |
| Socials | 4 more |
| Chains | Avalanche Ecosystem 1 more |
| Explorer | Snowtrace 6 more |
| Contracts |
0x6e7....9e985
1 more
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| Name | Pair | OG Score |
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Spores Network (SPO) is a cryptocurrency and NFT platform operating on the Avalanche blockchain. It aims to offer more than just a digital currency, with a vision to become a significant player in the NFT and DeFi spaces.
Launched in March 2021, Spores Network (SPO) is a project that integrates cryptocurrency with NFTs on the Avalanche network. It distinguishes itself as a reflect token, inspired by the Avalanche network’s early pool generations. The platform’s goal is to bring its token, SPORE, into as many wallets as possible, expanding its reach and utility.
Key Features of Spores Network
1. Cross-Chain Bridge: Spores Network plans to develop a cross-chain bridge between Avalanche and Binance Smart Chain (BSC). This feature will allow users to swap tokens across different blockchain networks without needing an intermediary, making transactions more seamless and decentralized.
2. NFT Collections: The platform will also launch various NFT collections, offering unique digital assets to the community. These NFTs aim to provide added value and variety to the Spores ecosystem.
3. NFT Prediction Market: Another planned feature is a next-generation NFT prediction market. This will enable users to make predictions on NFT-related events, adding a new layer of interaction and engagement.
SPORE Token Dynamics
The native token of Spores Network is SPORE, which is deflationary by design. This means the total supply of SPORE decreases over time due to a token-burning mechanism.
Token Burning: Every transaction on the BSC network burns 6% of the SPORE token, while on Avalanche, 4.6% is burned. This reduces the total supply and can potentially increase the token’s value.
Rewards: Holders of SPORE tokens receive rewards at a rate of 1.4% within the Avalanche ecosystem. However, as tokens are burned, these rewards will diminish over time.
Conclusion
Spores Network is an ambitious project blending cryptocurrency, NFTs, and advanced blockchain features. With its focus on cross-chain compatibility and a deflationary token model, it aims to attract a broad audience and establish a strong presence in the crypto space.
Spores Network (SPO) is unique for its deflationary SPORE token, which burns a percentage of each transaction to decrease supply and potentially increase value, and for its innovative cross-chain bridge between Avalanche and Binance Smart Chain (BSC).
Spores Network was founded by David McDonald and Anna Thompson.
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