SPF Token

Cross-chain governance and utility token of the Spectrum Finance ecosystem

Minting

1 billion SPF will be minted on 25 Dec 2022. 50% will become accessible over the course of 3 years on Ergo and Cardano networks. The rest 50% will be distributed among Spectrum Network side-chain validators.

Ergo
Tokens that will be initially released on the Ergo blockchain
Cardano
Tokens that will be initially released on the Cardano blockchain
Spectrum Network
Tokens that will be released on the Spectrum Network side-chain
Total supply1,000,000,000 SPF

Distribution

We believe that 3/4 of the protocol should belong to the community. Therefore, 75.4% of the total supply will be distributed to the community via token sales, ISPO, Yield Farming and Spectrum Network consensus.

Community
Team & Advisors
Growth Treasury
DAO Treasury
Investors
Total supply1,000,000,000 SPF

Unlock Schedule

Note that this chart does not include distribution through the Spectrum Network side-chain. This information will be available when Spectrum Labs team releases a white paper on the Spectrum Network side-chain.

unlock schedule chart
Community 75.4%
Team & Advisors 12%
Growth Treasury 7%
DAO Treasury 3.4%
Investors 2.2%

Governance & Utility

Utility evolves as the protocol evolves. Therefore, we are unrestricted to the presented set of utility functions, as users can add more new ones with the help of governance voting.

Off-chain executors fees

Pay execution fees using SPF token

Done

Spectrum Network validators reward

Run Spectrum Network node and take part in the consensus. Be rewarded with SPF by securing the network

In progress

Governance

Propose, vote and build with the community

Planned for 2023

Protocol fee reduction

Reduce cross-chain protocol fees by holding SPF tokens on you non-custodial wallet

Planned for 2023

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