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About SpiritSwap

SpiritSwap (SPIRIT) is a (https://www.coinbase.com/learn/crypto%20basics/what%20is%20a%20dex#:~:text=A%20decentralized%20exchange%20(or%20DEX,occur%20directly%20between%20crypto%20traders.&text=A%20decentralized%20exchange%20(better%20known,occur%20directly%20between%20crypto%20traders) (Decentralized Exchange) platform that allows users to swap tokens without any centralized governance. SpiritSwap (SPIRIT) claims to follow interoperability that further helps to aggregate liquidity from various DeFi ecosystems.

SpiritSwap implements the concept of an Automated Market Maker. As a process in AMM, liquidity pools automatically calculate the token price for two deposited tokens with high performance. AMM is a tool utilized to supply liquidity (token pool) in decentralized finance (DeFi) without the intervention of a third party to set the price of a token. Traders need to pay a transaction fee whenever each swap is securely executed. This fee is dispersed amongst liquidity providers and in SPIRIT token holders to encourage the platform’s growth. 

SpiritSwap (SPIRIT) is a utility token of SpiritSwap DEX. The exchange token helps users with farming, trading, staking, and more. The token is designed to be used solely as an interoperable utility token. The SPIRIT token gets awarded to a user based only on the user’s activity, usage, and efforts on the SpiritSwap (SPIRIT) platform. Therefore, users who do not participate actively have no chance of receiving any incentives on the platform.

SPIRIT (SPIRIT) holders aim to acquire the benefits such as:

With the swapping of tokens from one token to another, SpiritSwap (SPIRIT) uses automated liquidity pools. So, to receive SPIRIT LP (SPIRIT Liquidity Pool) tokens, the users need to deposit two tokens of equal value, and as a result, they receive the LP tokens. The SPIRIT-LP token represents the share of users in the liquidity pool, and they can claim tokens back anytime. SPIRIT LP tokens provide the relative share of users in pools and further can be used to farm SPIRIT tokens. This process is known as farming and helps users acquire more SPIRIT tokens. The inSPIRIT token can also be locked to get a non-transferable inSPIRIT token of the chain. The SPIRIT governance token profits users with boosted SPIRIT farming rewards in the form of more tokens if they hold the inSPIRIT tokens. These rewards further provide the benefits of voting and participation rewards to users.

News about SpiritSwap

BeInCrypto • Mar 02, 24

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Evilcos of SlowMist advises on strengthening crypto wallet security, advocating for browser extensions and personal vigilance amid rising thefts and hacks.The post Cyber Security Experts Explain How to Avoid Getting Your Crypto Wallet Hacked appeared first on BeInCrypto.

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Decrypt • Mar 02, 24

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DeFi protocols, incentivized gaming ecosystems, and meme coins are already dominating the Blast ecosystem in the first days.

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The Defiant • Mar 02, 24

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The Defiant's most read stories for the week of Feb. 26.

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Unchained • Mar 02, 24

How This Crypto Rally Is Different: Bitcoin Has Been Leading AltCoins

The price of bitcoin surged past the $60,000 mark on Wednesday for the first time since November 2021. The world’s largest digital asset by market cap has dominated the early part of the bull market rally, a time when altcoins often show the strongest performance. However, altcoins have started t...

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CoinDesk • Mar 02, 24

Protocol Village: Ankr to Create Liquid Staking Tokens for Bitcoin Staked via Babylon

The latest in blockchain tech upgrades, funding announcements and deals. For the period of Feb. 29-March 6.

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The Block • Mar 02, 24

Ethereum Layer 2 developer Taiko announces $15 million Series A round ahead of mainnet launch

Ethereum Layer 2 developer Taiko announced a $15 million Series A funding round as it prepares for its mainnet launch.

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SpiritSwap is on the rise this week.

The price of SpiritSwap has decreased by 1.60% in the last hour and decreased by 2.60% in the past 24 hours. SpiritSwap’s price has also risen by 17.00% in the past week. The current price is $0.0048 per SPIRIT with a 24-hour trading volume of $55.46K. Currently, SpiritSwap is valued at 99.17% below its all time high of $0.57. This all-time high was the highest price paid for SpiritSwap since its launch.

The current circulating supply of SpiritSwap is 451,746,334.889 SPIRIT which means that SpiritSwap has as total market cap of 451,746,334.889.


What is the current price of SpiritSwap?

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

What is the market cap of SpiritSwap?

The current market cap of SpiritSwap is $2.15M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of SpiritSwap?

The all-time high of SpiritSwap is $0.57. This all-time high is highest price paid for SpiritSwap since it was launched.

What is the 24 hour trading volume of SpiritSwap?

Over the last 24 hours, the trading volume of SpiritSwap is $55.46K.

What other assets are similar to SpiritSwap?

Assets that have a similar market cap to SpiritSwap include WOOF, Konomi Network, Bird.Money, and many others. To see a full list, see our comparable market cap assets.

How many SpiritSwap are there?

The current circulating supply of SpiritSwap is 452 million.

Can I buy SpiritSwap on Coinbase?

No, SpiritSwap is not currently available on Coinbase, but you can sign up to get the latest news on SpiritSwap and be notified when it gets added to our exchange.

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