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SpyritCoin (SPYRIT) is a deflationary utility token built on the Polygon network. It incorporates two key economic protocols: Reoccurring Tax Back to Investors and Liquidity Acquisition. The utility of SpyritCoin lies within the platform developed around SPYRIT, offering users fast transaction speeds, auto compound staking, high yield farming, mint NFTs, and stake NFTs. The platform also supports trading bots like Bit Index AI, making it an ideal choice for beginners and experienced traders.
SPYRIT represents the essence of blockchain, focusing on the most essential qualities of blockchain development while adhering to DeFi principles. It aims to deliver complete transparency to its users. Initially built on the Polygon network, SPYRIT takes advantage of Polygon’s development features and solutions for network incompatibility.
The SPYRIT platform offers a range of features to its users, including a DeFi-based application for a free-flowing market of liquidity, a decentralized exchange (DEX) built on the Polygon Network for secure buying, selling, and swapping of coins or tokens, a bridge for converting SpyritCoin from the Polygon network to the Spyrit Chain, and the ability to stake SpyritCoin or NFTs to earn yield from farms or liquidity pools. Additionally, SPYRIT aims to develop the Spyrit Chain as a new Layer 1 blockchain protocol, focusing on improved functionality, scalability, and minimal gas fees. It also includes a unique story-based MetaVerse game, the Spyrit Realm, featuring NFT functionality and in-game NFT content.
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