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