SpyritCoin - The New Altcoin

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SpyritCoin is a deflationary utility token built on the Polygon network developed with two economical protocols; Reoccurring Tax Back to Investors, and Liquidity Acquisition. The SpyritCoin Network will have many of the same features of Bitcoin and other cryptocurrency networks in addition to the cryptographic properties that make it unique.

This includes the whitepaper and outlining key differences.

SpyritCoin is a deflationary utility token built on the Polygon network developed with two economical protocols; Reoccurring Tax Back to Investors and Liquidity Acquisition. Its’ local network helps investors build a strong community, as well as get support in case of problems as it includes a community forum.

SpyritCoin is a new cryptocurrency built on the Polygon blockchain network. Designed with two robust economic protocols; Reoccurring Tax Back to Investors, and Liquidity Acquisition, SpyritCoin is a utility token with a rich supply model. The Spyrit Foundation allows our community to suggest new proposals for fund allocation, providing complete transparency for the community.

We're excited to announce SpyritCoin, the world's first new altcoin in nearly three years. SpyritCoin is a proprietary utility token built upon the Polygon network with two economic protocols, Reoccurring Tax Back to Investors (with 80% of mining fees going back to token holders), and Liquidity Acquisition (through a buy-back program of 104 million coins at a rate of 0.01 ETH per coin).

The Polygon network is a spinoff of the Ethereum network that allows for near instant transactions and more advanced programming capabilities not present in Ethereum such as contracting systems.

SpyritCoin is a deflationary utility token and new altcoin built on the Polygon network. It is a hybrid model that allows for investors to benefit from an internal innovative fluctuating exchange rate and a unique tax-back system.

Together, these protocols are designed to help stabilize and increase the value of SpyritCoin, while creating a new use case for digital currencies.

SpyritCoin is designed to incentivize the project's stakeholders and users by distributing recurring tax revenues to investors and Liquidity Acquisition to SpyritMarket participants.

SpyritCoin (SPYC) is a new altcoin being developed on the Polygon network. The project is currently in Alpha stages, but is scheduled to go into Beta development soon. SpyritCoin will also have its own unique innovations that have never been seen in any digital currency before.

Not only is SpyritCoin the first coin to implement Polygon technology, it has the best functionalities a coin can offer; Stealth transaction technology allowing for Private transactions and an interesting mix of different consensus mechanisms. They have no premine, ICO, or other unfair distribution model.

All coins are fairly mined by any individual with a CPU or GPU, in a manner similar to Bitcoin, Litecoin and Ethereum.

We created SpyritCoin (SPY) as a utility token that enables and facilitates the transactions of both HyperVerse and Polygon software. Supply and demand determines its value, supply will be limited while demand grows. Anyone can earn SpyritCoin by using the software that utilizes SPY to do so.

Spyrit is building out the next-gen infrastructure for Polygon and will be launching an ICO soon. Interested in being a part of our journey? Stay tuned for more information here.

SpyritCoin is a utility token that has a total supply of 200 Million tokens, the ICO will have a 60% of the total supply. SpyritCoin will only go live on exchanges once we have at least 500M market cap on our first exchange for example Binance; so we can avoid early pumps and dumps.

Information
Website : https://spyritcoin.io/
Whitepaper : https://github.com/spyritcoin/SPYRIT-Paper/blob/main/SPYRIT%20PAPER.pdf
Twitter : https://twitter.com/spyritcoin
Telegram : https://t.me/spyritcoin
GitHub : https://github.com/spyritcoin
DisCord : https://discord.com/invite/xzyeMr3Rbb

Author

Bitcointalk username: injhagi

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2622047;sa=summary

Polygon wallet address: 0x04953C32c8Df985A68C85B19E79fdD82171Ffb60


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