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
Spectrum Network validators reward
Run Spectrum Network node and take part in the consensus. Be rewarded with SPF by securing the network
Propose, vote and build with the community
Protocol fee reduction
Reduce cross-chain protocol fees by holding SPF tokens on you non-custodial wallet
1 billion SPF was 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 cross-chain protocol validators.
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.