Sperax SPA Price, Live Charts, and News in United Kingdom: sperax crypto, spa coin, spa crypto

Name: Sperax
Brand: Cryptocurrency
SKU: SPA
Price: 0.01064986415872378781895 GBP
Availability: InStock

Sperax

SPA

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Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

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Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

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Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

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Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

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Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

Defi tokens

Decentralised Finance (or ‘DeFi’) tokens (e.g. , ) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.

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Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.

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Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets.

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For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.

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Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.

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Data/oracle risk: DeFi protocols often rely on external data sources or ‘oracles’. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.

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Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.

About Sperax

SPA is the governance token of the Sperax ecosystem. Sperax is a DeFi protocol built on Arbitrum that mints Sperax USD - a stablecoin featuring ‘auto-yield’ generation. SPA tokens must be staked in order to participate in the Sperax DAO. Sperax ecosystem is governed by community of SPA stakers or veSPA holders, who make up Sperax DAO.

Resources

Sperax, also known as SPA, is an open-source development team that was established in late 2019. The team is dedicated to creating software products based on the Sperax protocol. At the heart of Sperax is the Sperax token ($SPA), which is used to power a suite of DeFi applications and the first auto-yield stablecoin, $USDs. Sperax aims to address the volatility issue that has been a hurdle for cryptocurrency adoption. By creating a stablecoin, Sperax strives to provide a solution that can be used as a medium of exchange without the high volatility associated with most cryptocurrencies.

Sperax operates by using the Sperax token ($SPA) as the core of its system. Users can mint new USDs by locking eligible collateral within the system. The protocol then mints an additional stablecoin. If the price of USDs drops below the peg, interest rates will decline, encouraging more users to burn their existing USDs and buy USDs from exchanges to burn them. This reduces the supply of USDs, pushing the price upwards. Sperax also employs a dynamic transition between algorithmic and collateralized mechanisms, adjusting the fraction of the money supply that is algorithmically determined versus the fraction that is collateralized.

Sperax aims to provide a stablecoin that can be used as a medium of exchange without the high volatility associated with most cryptocurrencies. This makes it potentially useful for a wide range of applications in the DeFi space. For instance, depositing stablecoins in a savings account can now generate positive yields for users who do not need to fear that changes in the price of the currency could offset any interest gain. Sperax also aims to implement a dual token system with a stablecoin (USDs), as well as a governance/value accrual token (SPA), providing more flexibility and potential use cases for its users.

Sperax was founded in late 2019 with the goal of addressing the volatility issue that has been a hurdle for cryptocurrency adoption. The team behind Sperax has focused on building software products based on the Sperax protocol, with the Sperax token ($SPA) at its core. Since its inception, Sperax has built the first auto-yield stablecoin, $USDs, and a suite of DeFi apps. Over time, Sperax has strived to combine elements of existing different designs, by being an algorithmic, scalable, trustless, and decentralized stablecoin protocol that operates on-chain.

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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.

Market

United Kingdom Market Stats

Market cap

£17.9M

Volume (24h)

£776,590.13

Circulating supply

1.7B SPA

Typical hold time

9 days

Popularity

#817

All time high

£0.19

Price change (1h)

+0.57%

Price change (24h)

+2.3%

Price change (7d)

-18.34%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

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Social

Some highlights about Sperax on social media

223 unique individuals are talking about Sperax and it is ranked #308 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Sperax has an average sentiment score of 3.4 out of 5. Finally, Sperax is becoming more newsworthy, with 0 news articles published about Sperax. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about Sperax. There were 45.7% of tweets with bullish sentiment compared to 14.57% of tweets with a bearish sentiment about Sperax. 39.74% of tweets were neutral about Sperax. These sentiments are based on 151 tweets.

On Reddit, Sperax was mentioned in 19 Reddit posts and there were 33 comments about Sperax. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

Overview

Contributors

223 people

Volume rank

#308

Average Sentiment

3.4 out of 5

Twitter

Tweet Count

151 people

Sentiment

45.7%

Bullish

39.74%

Neutral

14.57%

Bearish

Posts

Comments

Post Score

Comment Score

Sperax Calculator

How much is 1 SPA?

Conversion Table

SPA/USD (United States Dollar)

$0.0133

SPA/CAD (Canadian Dollar)

CA$0.0183

SPA/GBP (British Pound)

£0.0106

SPA/JPY (Japanese Yen)

¥2.06

SPA/INR (Indian Rupee)

₹1.11

SPA/BRL (Real)

R$0.0684

SPA/EUR (Euro)

€0.0125

SPA/NGN (Nigerian Naira)

NGN 17.54

SPA/KRW (South Korean Won)

₩18.30

SPA/SGD (Singapore Dollar)

S$0.0181

Sperax is on the decline this week.

The price of Sperax has increased by 0.57% in the last hour and increased by 2.30% in the past 24 hours. Sperax’s price has also fallen by 18.34% in the past week. The current price is £0.0106 per SPA with a 24-hour trading volume of £776.59K. Currently, Sperax is valued at 94.44% below its all time high of £0.19. This all-time high was the highest price paid for Sperax since its launch.

The current circulating supply of Sperax is 1,691,656,056.63 SPA which means that Sperax has as total market cap of 1,691,656,056.63.

FAQ

What is the current price of Sperax?

We update our Sperax to GBP currency in real-time. Get the live price of Sperax on Coinbase.

What is the market cap of Sperax?

The current market cap of Sperax is £17.92M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Sperax?

The all-time high of Sperax is £0.19. This all-time high is highest price paid for Sperax since it was launched.

What is the 24 hour trading volume of Sperax?

Over the last 24 hours, the trading volume of Sperax is £776.59K.

How many Sperax are there?

The current circulating supply of Sperax is 1.7 billion.

What is the typical holding time of Sperax?

The median time that Coinbase customers hold Sperax before selling it or sending it to another account or address is 9 days.

What is the relative popularity of Sperax?

Sperax ranks 179 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Sperax?

Currently, 100% of Coinbase users are buying Sperax. In other words, 100% of Coinbase customers have increased their net position in Sperax over the past 24 hours through trading.

Can I buy Sperax on Coinbase?

Yes, Sperax is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Sperax guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.