Spirit Token

SpiritSwap is a decentralized exchange (DEX) on the Fantom Opera Chain. SpiritSwap's design is based on the Uniswap constant-product automated market maker (AMM). In an AMM, liquidity providers simply deposit a pair of tokens and an algorithm automatically makes markets for the token pair. Traders can easily swap between tokens in the AMM and get guaranteed rates for the swaps. Each swap on SpiritSwap incurs a fee, which gets distributed to liquidity providers as their payment for work.

Tokens Featured on Spirit Swap

$SPIRIT

• Protocol token

• Earned by farmers

• Can be locked to obtain inSPIRIT

$inSPIRIT

• Governance token

• Non-transferable

• Receive a multiplier on farms

• Receive swap fees

$SPIRIT-LP

• Represents proportion of given Liquidity Pool

• $SPIRIT-LP tokens are named by their underlying assets (eg. LP of FTM-SPIRIT = FTM/SPIRIT LP)

• $SPIRIT-LP tokens can be used to farm $SPIRIT

$SPIRIT Distribution

The native cryptographically-secured fungible protocol token of SpiritSwap (ticker symbol $SPIRIT) is a transferable representation of attributed utility functions specified in the protocol/code of SpiritSwap, and which is designed to be used solely as an interoperable utility token thereon. As mentioned herein, $SPIRIT functions as the economic incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on SpiritSwap, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. $SPIRIT is an integral and indispensable part of SpiritSwap, because without $SPIRIT, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on SpiritSwap.

Given that additional $SPIRIT will be awarded to a user based only on its actual usage, activity and efforts made on SpiritSwap and/or proportionate to the frequency and volume of transactions, users of SpiritSwap and/or holders of $SPIRIT which did not actively participate will not receive any $SPIRIT incentives. $SPIRIT will pre-dominantly be issued to incentivise provision of liquidity

Total Supply: 1,000,000,000 $SPIRIT

• Farm: 81.82%

• DAO: 8.18%

• Development: 7.50%

• Airdrop: 2.5%