What is Spore coin? Spore coin is a blockchain project that focuses on the NFT field and has goals in this field. In this article, you can find answers to frequently asked questions such as what is Spore coin, how does it work, what it offers, how to buy SPORE, what is it used for, what are its advantages and disadvantages. As Kriptokoin.com, we have compiled it for you.
What is Spore coin? What does the project offer?
Spore coin project serves as an immutable token (NFT) platform built on the Avalanche blockchain. The platform has a native cryptocurrency called SPORE. Users can perform three separate NFT transactions using the Spore platform.
Users of the platform can log in to the NFT gallery and view products, earn income by selling their products in the NFT market, and finally, perform NFT comparisons in the market. Besides all this, Users can find out the estimated value of NFTs through the NFT prediction market. The platform bridges the Avalanche blockchain to the Binance Smart Chain (BSC) blockchain.
What is SPORE used for?
Spore coin works as the native cryptocurrency of the platform. There are Avalanche and Binance Smart Chain (BSC) versions of the coin. The SPORE token has several use cases.
It is not possible to access the platform’s NFT gallery without owning SPORE. Besides, SPORE is required to sell NFT. Besides, for every transaction made on the platform, 3% of the transaction fee is distributed to the token holders. Thus, users can earn passive income.
SPORE can be staked through exchanges’ liquidity pools. Users who hold the token can lock their assets into these liquidity pools, earning additional token rewards at maturity.
What are the advantages?
- Users of the Spore platform can perform transfers and exchanges between wallets in a very short time.
- SPORE token holders can generate algorithmic NFTs. The platform offers all the necessary tools to produce this type of NFT.
- Users selling non-exchangeable tokens through the platform’s NFT marketplace can generate income.
What are the disadvantages?
- SPORE token is not listed by major and trusted exchanges like Binance and Huobi. The listing of cryptocurrencies by major exchanges is very important in terms of increasing the value and popularity of the asset.
How to get Spore coin?
Investors interested in Spore coin should subscribe to a crypto exchange where the token is listed. These exchanges include PancakeSwap and Pangolin. Users who want to buy the token can subscribe to one of these exchanges and make a purchase of SPORE by depositing money.
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