- #7637
Spot SPOT
SPOT Price
Market Cap
--Rank #7637FDV
$2.23 MRank #4836Investors
X Followers
Detailed Performance
SPOT shows Bullish signs against top cryptocurrencies, leading categories and blockchains over various time periods
SPOT to USD Converter
Price History
- All-Time High
- $1.991.54x to ATH
- All-Time Low
- $0.0₇1021274509804x to ATL
- Trade Launch Date
- 13 Dec, 2022
691 days ago
Fundraising
See more- ICO Price
- --
- Funds Raised
- $1.00 M
- Tokens Sold
- --
Exchanges
Exchanges type
About SPOT
SPOT is a protocol that offers a range of functions and benefits. It can be used as a refuge from inflation, a peer-to-peer digital cash, or as alternative collateral to USDC within reserves. It is based on the underlying collateral asset AMPL, which can be staked to earn rewards and help secure the SPOT ecosystem. SPOT itself is an inflation-resistant stable asset that provides long-term stability. Holders of SPOT can also stake it in liquidity pools to generate fees without experiencing impermanent loss. Overall, SPOT is a decentralized system that does not rely on centralized collateral and offers various opportunities for users.
What makes Spot unique?
Spot is unique compared to other cryptocurrencies for several reasons:
1. Inflation Resistance: Spot is designed to be an inflation-resistant stable asset. It tracks the CPI-adjusted dollar, meaning each Spot token is approximately worth 1 2019 USD. This makes it a refuge from long-term inflation.
2. Decentralization: Spot does not rely on any centralized collateral. This means that assets cannot be forcibly seized or frozen by administrators of the system. It operates on a decentralized network, ensuring security and transparency.
3. Stability and Durability: Spot offers durable long-term stability. Its collateral is tranched in a way that progressively degrades into its base-asset (AMPL) under stress, rather than triggering bank runs or cascading liquidations. This allows Spot to bend safely in times of turmoil, becoming temporarily more volatile, rather than breaking catastrophically.
4. Staking Benefits: Spot holders can stake their tokens in liquidity pools on platforms like Uniswap. By pairing Spot with USDC, they can generate volume-based fees without experiencing impermanent loss. This provides an opportunity for Spot holders to earn passive income.
5. Community and Growth: Spot has an active and supportive community. Members of the community can help answer questions and provide insights about the Spot protocol and staking programs. This community-driven approach fosters growth and innovation within the Spot ecosystem.
Overall, Spot stands out for its inflation resistance, decentralization, stability, staking benefits, and strong community support.
Live Spot Price Data
The current price of Spot (SPOT) is approximately $1.30, reflecting a decrease of -2.26% in the last 24 hours. The SPOT trading volume in the last 24 hours stands at $17,183.80.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Spot's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on SPOT, check out our crypto insights page.
Official Links
SPOT to USD Converter
Price History
- All-Time High
- $1.991.54x to ATH
- All-Time Low
- $0.0₇1021274509804x to ATL
- Trade Launch Date
- 13 Dec, 2022
691 days ago
Fundraising
See more- ICO Price
- --
- Funds Raised
- $1.00 M
- Tokens Sold
- --