Gate.io Will Launch Trading Service of Sperax (SPA)

Gate.io will launch the SPA trading on 09:00 AM GMT, August 24th 2020 (a call auction will be adopted at the launch of the trading).

Deposit SPA at: https://www.gate.io/myaccount/deposit/SPA
Trade SPA at https://www.gate.io/trade/SPA_USDT


Introduction to Sperax

1. Project Introduction
Sperax, a Silicon Valley-based blockchain company, is aiming to build a trusted infrastructure for a decentralized economy that may provide far greater efficiency, flexibility and self-governance than the traditional economic model. Sperax provides a layer of financial services within the public blockchain stack through a native stablecoin and decentralized financial service providers.

Official website: https://sperax.io/
Link to Whitepaper: https://github.com/Sperax/docs/blob/master/Paper/SperaxWhitepaper_Aug3.pdf

2. Token Information
In order to enable a truly decentralised economic eco and incentivise developers to join, Sperax issued two tokens - SPA and stable coin sCOIN. SPA is the native utility token for the Sperax blockchain. It fuels the eco and reflects the value of the network. SPA also grants token holders the right to participate in the governance process in the . 

(1) Token Symbol: SPA

(2) Total Supply: 5,000,000,000 SPA

(3) Token Allocation
Private Sales: 15%
Public Sales: 5%
Team & Advisor: 10%
Reserve: 25%
Eco: 15%
Marketing: 10%
Partner: 20%

(4) Token Release Schedule
Private Sales (15%): 1 year linear unlock
Team & Advisor (10%): 6 months cliff then 2 year linear
Reserve (25%): 1 year cliff then 2 year linear
Eco (15%): 2 year linear
Marketing (10%): 1% unlock at launch, 1% after one month, 8% 2 year linear
Partner (20%): Could not be transacted