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10/2/2022, 4:12:49 PM

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SpiritSwap is on the decline this week.

The price of SpiritSwap has fallen by 8.90% in the past 7 days. The price declined by 7.03% in the last 24 hours. In just the past hour, the price shrunk by 0.17%. The current price is $0.00857 per SPIRIT. SpiritSwap is 100.00% below the all time high of $582.48.

The current circulating supply is 338,079,933.035 SPIRIT.


What Is a SpiritSwap (SPIRIT)?

SpiritSwap (SPIRIT) is a (,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.

HistoryofThe SPIRIT (SPIRIT):-

The total supply mentioned on whitepaper is 1,000,000,000 SPIRIT.

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What is the current price of SpiritSwap?

The price of 1 SpiritSwap currently costs $0.0086.

What is the market cap of SpiritSwap?

The current market cap of SpiritSwap is $2.90M. 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 $582.48. 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 $155.74K.

What other assets are similar to SpiritSwap?

Assets that have a similar market cap to SpiritSwap include Wownero, RChain, Carboncoin, 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 338 million.

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