- Spyrit network utilizes the blockchain of the Polygon network.
- Spyrit provides fast transaction speed, auto compound staking, and high yield farming.
- SpyritCoin, the native token of the Spyrit network.
The crypto space continues to develop its technology to provide its users with the best blockchain that the world could offer today. This time, Spyrit, a blockchain network that is built around DeFi principles with complete transparency is taking the crypto world by storm. Furthermore, the platform has a native token — SpyritCoin.
SpyritCoin is a deflationary token that utilizes the blockchain of the Polygon network. It has two economical protocols: Reoccurring Tax Back to Investors, and Liquidity Acquisition. These technologies allow Spyrit to provide its users a fast transaction speed, auto compound staking, high yield farming, and continuous NFT staking.
In terms of volume, the token has a 5 billion supply. It also provides a competitive advantage to all its users in the platform, such as 10% transaction tax, 5% liquidity, and 5% dividend, including the token allocation.
The company continues to develop its blockchain from Spyrit Chain (layer 1) and Bridge Protocol (layer 2) to DApp (layer 3). The layer 1 to layer 3 blockchains are responsible for the network’s metaverse, Spyrit Chain, DEX, farming, staking, and NFT minting technologies.
As mentioned above, the company uses the blockchain technology of the Polygon network. In other words, Spyrit has close partnership ties with the Polygon network. This collaboration will allow Spyrit to benefit from the community and technological features that Polygon possesses. Indeed, this news brings joy and excitement to all the Spyrit community in the space.
In terms of gaming, the platform offers the Spyrit Realm, a MMORPG MetaVerse game
built on Unreal Engine that takes place in the year 2127. The game offers its players the ability to browse and explore a concept of art in an open world. It also enables users to have a unique feeling of real-life feel to the metaverse.
However, the Spyrit Realm is still under its early stage of development. The network plans to release an NFT collection as soon as possible for users to have early access to the game. It also aims to continue developing great designs and features for users to enjoy.
Best of all, the Spyrit network is laying the pipeline to perfect the bridge protocol (layer 2) from Polygon.
On the other hand, Spyrit is one of the crypto networks that has already established a strong community in the space. Its continued DApp and game design development is one key achievement that enables the platform to attract the attention of traders and investors around the world. Hence, mass adoption of digital assets is expected.