SpyritCoin | A Hold, Earn and Spend Cryptocurrency
SpyritCoin is a deflationary utility token built on the Polygon network. The Spyrit system consists of two economic protocols; Reoccurring Tax Back to Investors and Liquidity Acquisition. The first protocol, Reoccurring Tax Back to Investors (RBTI) ensures that for every 20,000 SpyritCoin minted and puts back in circulation as an investor reward, one SpyritCoin will be destroyed and removed from circulation forever. This assures deflationary rewards to investors while preserving a healthy amount of utility tokens in the circulating supply. For example, should Spyrit coin never reach 50k users in the next coming years and there is no large capital influx into its system, it will still always have a demand level of 20,000x the existing circulating supply due to its RBTI feature. SpyritCoin (SPX) is a new type of utility token built with two means of economic protocols: Tax Back to Investors and Liquidity Acquisition. We will issue a portion of SpyritCoin to investors advisors and ...