Token Burning: What Is It and Why Is It Necessary?
One of the crucial steps in the development of crypto projects is token burning. Let's break down what this means.
Token burning is the process of permanently removing coins from circulation. Tokens are sent to an inaccessible wallet, making them unavailable forever.
Why Burn Cryptocurrency?
• Deflation
Burning tokens helps maintain their value by reducing the total supply in circulation.
• Value Inflation
Some projects burn tokens to temporarily increase their value.
• Unwanted Tokens
After unsuccessful token sales, the remaining tokens are often burned.
• Creating New Cryptocurrency
During a hard fork, old tokens become incompatible and are subject to liquidation.
• User Errors
Carelessness in sending tokens can lead to their loss.
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One of the crucial steps in the development of crypto projects is token burning. Let's break down what this means.
Token burning is the process of permanently removing coins from circulation. Tokens are sent to an inaccessible wallet, making them unavailable forever.
Why Burn Cryptocurrency?
• Deflation
Burning tokens helps maintain their value by reducing the total supply in circulation.
• Value Inflation
Some projects burn tokens to temporarily increase their value.
• Unwanted Tokens
After unsuccessful token sales, the remaining tokens are often burned.
• Creating New Cryptocurrency
During a hard fork, old tokens become incompatible and are subject to liquidation.
• User Errors
Carelessness in sending tokens can lead to their loss.
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Methods of Token Burning:
- Sending to a "null contract": When tokens are sent to a special address designated for burning, the total supply does not decrease.
- Burning tokens in a minter: In this case, the total supply decreases.
- Special smart contracts: Allowing to specify the number of tokens to be destroyed simplifies the burning.
- Hard fork: Rewriting the blockchain code and burning a part of the coins.
- Fees: Some cryptocurrencies burn a part of the transaction fees.
- Proof of Burn (PoB): A consensual algorithm where miners burn coins to gain the right to mine new blocks.
Token burning is a common practice to maintain the value of tokens and prevent inflation. However, it does not always guarantee a price increase, and projects should approach this process carefully.
How is Token Burning Implemented at Spintria?
All partner adult services, when integrating products from our ecosystem, are required to burn 25% of the $SP they receive as payment for content on a monthly basis. The most transparent and effective method for burning $SP is through the minter, reducing the total supply. The final supply after all burnings will be halved to 444,444,444 $SP.
In the near future, we will implement burning through special smart contracts that automatically reduce the total number of issued tokens, increasing the value of the remaining ones. As part of this strategy, we regularly negotiate with partners to burn a portion of the tokens.
The process of burning $SP can be conveniently monitored on the blockchain.
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- Sending to a "null contract": When tokens are sent to a special address designated for burning, the total supply does not decrease.
- Burning tokens in a minter: In this case, the total supply decreases.
- Special smart contracts: Allowing to specify the number of tokens to be destroyed simplifies the burning.
- Hard fork: Rewriting the blockchain code and burning a part of the coins.
- Fees: Some cryptocurrencies burn a part of the transaction fees.
- Proof of Burn (PoB): A consensual algorithm where miners burn coins to gain the right to mine new blocks.
Token burning is a common practice to maintain the value of tokens and prevent inflation. However, it does not always guarantee a price increase, and projects should approach this process carefully.
How is Token Burning Implemented at Spintria?
All partner adult services, when integrating products from our ecosystem, are required to burn 25% of the $SP they receive as payment for content on a monthly basis. The most transparent and effective method for burning $SP is through the minter, reducing the total supply. The final supply after all burnings will be halved to 444,444,444 $SP.
In the near future, we will implement burning through special smart contracts that automatically reduce the total number of issued tokens, increasing the value of the remaining ones. As part of this strategy, we regularly negotiate with partners to burn a portion of the tokens.
The process of burning $SP can be conveniently monitored on the blockchain.
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167
Spintria Token Staking is Live
You can now stake your $SP tokens using the @Spintria_Wallet_bot. Stay tuned for this feature on our website soon!
@Spintria_Wallet_bot is the beta version of the Spintria wallet, offering staking and vesting for $SP tokens. We’ll be continuously enhancing and updating the wallet’s functionality.
Check out the detailed staking guide in our article.
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You can now stake your $SP tokens using the @Spintria_Wallet_bot. Stay tuned for this feature on our website soon!
@Spintria_Wallet_bot is the beta version of the Spintria wallet, offering staking and vesting for $SP tokens. We’ll be continuously enhancing and updating the wallet’s functionality.
Check out the detailed staking guide in our article.
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Unlock New Staking Opportunities with Spintria
You now have the chance to not only hold your tokens but also earn a steady passive income in $SP. This guide will walk you through the staking process, explain the terms, and show you how to maximize your Spintria assets. What is Staking? Staking involves…
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Supporting Adult Projects and a Grant Program from Spintria
The Spintria Foundation continues to expand its presence in the 18+ industry and announces readiness to support promising startups in the Adult sector.
$SP tokens already are recognized as a means of payment on well-known platforms, but a key areas of the team's work is assisting in development of projects for adult audience.
Over the course of the year, we will launch a grant program for web-3 Adult projects and developers of solutions that would be beneficial to 18+ services. If you have an interesting startup in need of support, we are ready to consider mutually beneficial cooperation right away. Feel free to text us at @Spintria_support.
Be reminded that 25% of $SP tokens obtained by partner services as rewards will be burned, reducing the total supply of tokens in circulation.
Join Spintria and become a part of the revolution in the world of Adult content.
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The Spintria Foundation continues to expand its presence in the 18+ industry and announces readiness to support promising startups in the Adult sector.
$SP tokens already are recognized as a means of payment on well-known platforms, but a key areas of the team's work is assisting in development of projects for adult audience.
Over the course of the year, we will launch a grant program for web-3 Adult projects and developers of solutions that would be beneficial to 18+ services. If you have an interesting startup in need of support, we are ready to consider mutually beneficial cooperation right away. Feel free to text us at @Spintria_support.
Be reminded that 25% of $SP tokens obtained by partner services as rewards will be burned, reducing the total supply of tokens in circulation.
Join Spintria and become a part of the revolution in the world of Adult content.
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Spintria Foundation is launching the support of adult startups
You may have already read about our grant program that we will be starting in the future. Now, we’re excited to share information about the projects we are currently participating in.
Polee.me
A subscription platform for creators, offering 18+ content. This young and ambitious startup will build its economy around the $SP token.
YouToy
A mini-app with cryptocurrency wallet functionality that easily integrates with over 550 types of adult toys and allows streaming anywhere, for example in private Telegram groups. Due to minimal fees this unique solution will make donations to models even more convenient and beneficial.
We’ll keep you posted on the results of our collaboration. More exciting details about the YouToy project will be revealed next week — stay tuned.
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You may have already read about our grant program that we will be starting in the future. Now, we’re excited to share information about the projects we are currently participating in.
Polee.me
A subscription platform for creators, offering 18+ content. This young and ambitious startup will build its economy around the $SP token.
YouToy
A mini-app with cryptocurrency wallet functionality that easily integrates with over 550 types of adult toys and allows streaming anywhere, for example in private Telegram groups. Due to minimal fees this unique solution will make donations to models even more convenient and beneficial.
We’ll keep you posted on the results of our collaboration. More exciting details about the YouToy project will be revealed next week — stay tuned.
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175
Innovative donation solution from YouToy
We promised to share details about the YouToy project with you. Today, we reveal some exciting features that will be a real find for all participants in adult content.
YouToy offers a unique technical capability to receive donations in cryptocurrencies (Spintria, USDT, Solana, ETH, TON, DogeCoin) for controlling intimate toys directly from crypto wallets.
Models will be able to use any video streaming services or messengers for their broadcasts, such as Telegram, Twitter (X), WhatsApp, Twitch, Skype, Instagram, SnapChat, Viber, OnlyFans, Fansly, and many others. The application will work whichever platform you choose.
YouToy supports more than 550 types of intimate toys from brands like Lovense, Satisfyer, Hismith, Magic Motion, OhMiBod, Svakom, and others.
We couldn't ignore this innovation and decided to support the project. We will definitely share the interim results of our collaboration with you.
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We promised to share details about the YouToy project with you. Today, we reveal some exciting features that will be a real find for all participants in adult content.
YouToy offers a unique technical capability to receive donations in cryptocurrencies (Spintria, USDT, Solana, ETH, TON, DogeCoin) for controlling intimate toys directly from crypto wallets.
Models will be able to use any video streaming services or messengers for their broadcasts, such as Telegram, Twitter (X), WhatsApp, Twitch, Skype, Instagram, SnapChat, Viber, OnlyFans, Fansly, and many others. The application will work whichever platform you choose.
YouToy supports more than 550 types of intimate toys from brands like Lovense, Satisfyer, Hismith, Magic Motion, OhMiBod, Svakom, and others.
We couldn't ignore this innovation and decided to support the project. We will definitely share the interim results of our collaboration with you.
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393
Spintria on CoinGecko
We are pleased to announce that you can now track the price of $SP on the largest independent cryptocurrency data aggregator, CoinGecko.
On this page, you can monitor real-time price changes of the token, use the converter, and check trading volumes across all available trading pairs.
Add Spintria to your portfolio by clicking the star next to the cryptocurrency's name. This will simplify the process of tracking the token's price and increase the visibility of $SP among CoinGecko users.
Thank you for your interest in Spintria.
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We are pleased to announce that you can now track the price of $SP on the largest independent cryptocurrency data aggregator, CoinGecko.
On this page, you can monitor real-time price changes of the token, use the converter, and check trading volumes across all available trading pairs.
Add Spintria to your portfolio by clicking the star next to the cryptocurrency's name. This will simplify the process of tracking the token's price and increase the visibility of $SP among CoinGecko users.
Thank you for your interest in Spintria.
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What is a cryptocurrency listing?
One of the key stages a cryptocurrency must go through before entering the open market is listing on an exchange. In this article, we will explore this concept.
Listing is the process of adding a cryptocurrency to the list of exchange assets, allowing users to buy and sell the asset, along with depositing and withdrawing funds using external wallets.
Once a coin is listed, it becomes available for trading and conversion.
Stages of cryptocurrency listing:
1. Submitting and application
2. Analyzing the project
3. Making a decision
4. Agreeing on terms.
5. Commencing the trading.
Why is listing important?
Listing on a major and reputable exchange increases trust in the cryptocurrency, contributes to its liquidity and value growth. This is an essential step for recognition and successful development of the cryptocurrency in the market.
Spintria Listings
The $SP token has been successfully listed on the decentralized exchange Ston.fi in early June, which tripled the value of the token within the first day.
The Spintria team is actively working on entering centralized exchanges and will soon surprise you with new listings. Stay tuned for updates.
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One of the key stages a cryptocurrency must go through before entering the open market is listing on an exchange. In this article, we will explore this concept.
Listing is the process of adding a cryptocurrency to the list of exchange assets, allowing users to buy and sell the asset, along with depositing and withdrawing funds using external wallets.
Once a coin is listed, it becomes available for trading and conversion.
Stages of cryptocurrency listing:
1. Submitting and application
2. Analyzing the project
3. Making a decision
4. Agreeing on terms.
5. Commencing the trading.
Why is listing important?
Listing on a major and reputable exchange increases trust in the cryptocurrency, contributes to its liquidity and value growth. This is an essential step for recognition and successful development of the cryptocurrency in the market.
Spintria Listings
The $SP token has been successfully listed on the decentralized exchange Ston.fi in early June, which tripled the value of the token within the first day.
The Spintria team is actively working on entering centralized exchanges and will soon surprise you with new listings. Stay tuned for updates.
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339
Passive Income in $SP with Spintria Staking
Remember, you have a great opportunity to earn between 6% and 18% APR by staking your Spintrias.
How to start staking:
1. Use the @Spintria_Wallet_bot or visit our website.
2. Connect your wallet🪙
3. Follow the prompts.
For detailed information about staking Spintria, check out our instructions where you’ll find all the necessary explanations and terms.
If you have any questions, feel free to ask in our chat — we’re happy to help.
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Remember, you have a great opportunity to earn between 6% and 18% APR by staking your Spintrias.
How to start staking:
1. Use the @Spintria_Wallet_bot or visit our website.
2. Connect your wallet
3. Follow the prompts.
For detailed information about staking Spintria, check out our instructions where you’ll find all the necessary explanations and terms.
If you have any questions, feel free to ask in our chat — we’re happy to help.
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Listing on xRocket
We have great news – the $SP token is now available for trading on the xRocket exchange in a pair with TON, opening new opportunities for our project.
@xRocket is the first trading bot and the first exchange in the format of a Telegram Mini App, where every user can trade cryptocurrency in a full-fledged web interface with limit and market orders right inside the messenger.
🏆 To celebrate the listing, we have decided to hold a trading contest in collaboration with xRocket.
• Contest Goal: Achieve high turnover and show good trading volume in the $SP/$TON pair.
• Total Prize Pool: 81,000 $SP and 240 $TON.
• 30 Prize Places and 30 random traders will receive a nice bonus in $SP and $TON.
• Detailed Conditions
Trade in the $SP/$TON pair on xRocket and don't miss your chance to become one of the winners.
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We have great news – the $SP token is now available for trading on the xRocket exchange in a pair with TON, opening new opportunities for our project.
@xRocket is the first trading bot and the first exchange in the format of a Telegram Mini App, where every user can trade cryptocurrency in a full-fledged web interface with limit and market orders right inside the messenger.
🏆 To celebrate the listing, we have decided to hold a trading contest in collaboration with xRocket.
• Contest Goal: Achieve high turnover and show good trading volume in the $SP/$TON pair.
• Total Prize Pool: 81,000 $SP and 240 $TON.
• 30 Prize Places and 30 random traders will receive a nice bonus in $SP and $TON.
• Detailed Conditions
Trade in the $SP/$TON pair on xRocket and don't miss your chance to become one of the winners.
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285
Key Information about the Spintria Project
We are delighted to welcome new members to our community. This post will help you get better acquainted with Spintria.
What is Spintria?
Spintria is a token on the TON blockchain, designed for purchasing content and rewarding its creation.
What is the goal of the project?
Spintria offers a unique solution for the adult industry, providing safe and convenient access to content, attracting new users from around the world, and creating additional earning opportunities.
What has the Spintria team already accomplished?
- In early June, the $SP token was listed on Ston.fi.
- After successfully passing the audit of our smart contracts, staking and wrapped vesting tokens $SP were launched.
- The team began supporting promising adult startups.
- Spintria was listed on CoinGecko.
- The $SP token became available for trading in a pair with $TON on the centralized exchange xRocket.
Upcoming Plans for Spintria
The $SP token is set for new listings and integrations, the launch of the beta version of the WEB3 wallet, a grant program, and other plans. The project's roadmap is available on the website.
Useful Links and Spintria Social Platforms.
Welcome to our community.
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We are delighted to welcome new members to our community. This post will help you get better acquainted with Spintria.
What is Spintria?
Spintria is a token on the TON blockchain, designed for purchasing content and rewarding its creation.
What is the goal of the project?
Spintria offers a unique solution for the adult industry, providing safe and convenient access to content, attracting new users from around the world, and creating additional earning opportunities.
What has the Spintria team already accomplished?
- In early June, the $SP token was listed on Ston.fi.
- After successfully passing the audit of our smart contracts, staking and wrapped vesting tokens $SP were launched.
- The team began supporting promising adult startups.
- Spintria was listed on CoinGecko.
- The $SP token became available for trading in a pair with $TON on the centralized exchange xRocket.
Upcoming Plans for Spintria
The $SP token is set for new listings and integrations, the launch of the beta version of the WEB3 wallet, a grant program, and other plans. The project's roadmap is available on the website.
Useful Links and Spintria Social Platforms.
Welcome to our community.
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Airdrops for Chat Participants
Dear friends, your involvement in the project contributes to the growth and success of the Spintria community that is why we decided to carry out an airdrop to reward the active participants of our chat.
The more participants – the bigger the rewards.
1. Join @chat_spintria.
2. Participate in discussions, share your experiences, and help newcomers.
🥺 Rewards will be distributed randomly among active users.
Exciting new activities are waiting for chat participants, giving everyone a chance to shine and make their mark in Spintria's history.
Join our community to stay updated and not miss any important announcements.
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Dear friends, your involvement in the project contributes to the growth and success of the Spintria community that is why we decided to carry out an airdrop to reward the active participants of our chat.
The more participants – the bigger the rewards.
1. Join @chat_spintria.
2. Participate in discussions, share your experiences, and help newcomers.
Exciting new activities are waiting for chat participants, giving everyone a chance to shine and make their mark in Spintria's history.
Join our community to stay updated and not miss any important announcements.
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Earn $SP tokens for swaps on swap.coffee
Spintria has partnered with swap.coffee – a decentralized exchange aggregator on TON. The service automatically gathers the best offers from TON DEX, providing users with the most advantageous exchange route and eliminating the need to compare rates and search for suitable liquidity pools.
How does it work?
1. Use swap.coffee to exchange cryptocurrency.
2. Earn $SP tokens for each transaction.
3. Accumulate $SP and withdraw them anytime through the swap.coffee Claim center.
Find all the details on the promotion page.
Start swapping on swap.coffee and earn your $SP tokens today.
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Spintria has partnered with swap.coffee – a decentralized exchange aggregator on TON. The service automatically gathers the best offers from TON DEX, providing users with the most advantageous exchange route and eliminating the need to compare rates and search for suitable liquidity pools.
How does it work?
1. Use swap.coffee to exchange cryptocurrency.
2. Earn $SP tokens for each transaction.
3. Accumulate $SP and withdraw them anytime through the swap.coffee Claim center.
Find all the details on the promotion page.
Start swapping on swap.coffee and earn your $SP tokens today.
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What is a Cryptocurrency Airdrop?
Last week, we started distributing an airdrop to the active participants of our chat, and today we’ll explain what it is in simple terms.
An airdrop is a free distribution of cryptocurrency that users can receive by completing simple tasks from a blockchain project, such as subscribing to social media, sharing posts, inviting friends, and so on.
What are airdrops used for?
- Rewarding active participants and keeping them engaged.
- Attracting new users and investors.
- Boosting activity and building trust in the project’s products.
How should I view airdrops?
The assets you receive may increase in value over time, but don’t consider airdrops as your primary source of income — they’re more like a nice bonus.
🥺 We are still distributing $SP to active participants in our chat. If you’re not in the loop yet, join us.
💬 We’re waiting for you at @chat_spintria.
Spintria does not provide investment advice. This material is published for informational purposes only.
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Last week, we started distributing an airdrop to the active participants of our chat, and today we’ll explain what it is in simple terms.
An airdrop is a free distribution of cryptocurrency that users can receive by completing simple tasks from a blockchain project, such as subscribing to social media, sharing posts, inviting friends, and so on.
What are airdrops used for?
- Rewarding active participants and keeping them engaged.
- Attracting new users and investors.
- Boosting activity and building trust in the project’s products.
How should I view airdrops?
The assets you receive may increase in value over time, but don’t consider airdrops as your primary source of income — they’re more like a nice bonus.
Spintria does not provide investment advice. This material is published for informational purposes only.
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WEB-3 Spintria Wallet updated to version 2.0.7
We have completely redesigned the Spintria Wallet interface, made it more convenient, functional and easy to use.
Now the main screen of the updated wallet displays all the tokens of the Spintria ecosystem, the vesting contract for participants of the first presale, useful settings and much more.
See the details in the article.
Connect your wallet via @Spintria_Wallet_bot or on the website and manage $SP tokens in one place.
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We have completely redesigned the Spintria Wallet interface, made it more convenient, functional and easy to use.
Now the main screen of the updated wallet displays all the tokens of the Spintria ecosystem, the vesting contract for participants of the first presale, useful settings and much more.
See the details in the article.
Connect your wallet via @Spintria_Wallet_bot or on the website and manage $SP tokens in one place.
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Spintria Guide
🥺 Social Platforms:
🥺 Staking and Buying $SP:
🥺 Project Strategy:
🥺 Trackers and Charts:
😇 Support and Partners:
Official Website
Information Channel
Community on Telegram
Community on Twitter
WEB-3 Spintria Wallet
Spintria Wallet on Telegram
Staking Guide
Buy on Ston.fi
Buy on xRocket
Swap.coffee
Purchase Guide
Tokenomics | Roadmap
CoinGecko
GeckoTerminal
DEXSCREENER
Tonviewer
DYOR.io
Support Account
Polee.me | YouToy
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CEX and DEX: What's the Difference?
If you're interested in cryptocurrencies, it's important to understand the key differences between centralized (CEX) and decentralized (DEX) exchanges.
What are CEX and DEX, how do they work, and what are their pros and cons?
Read our latest educational material now.
Spintria on DEX and CEX:
The $SP token is available for purchase on the centralized exchange xRocket and the decentralized platform Ston.fi.
Spintria will soon be available on two major CEXs. Stay tuned for updates.
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If you're interested in cryptocurrencies, it's important to understand the key differences between centralized (CEX) and decentralized (DEX) exchanges.
What are CEX and DEX, how do they work, and what are their pros and cons?
Read our latest educational material now.
Spintria on DEX and CEX:
The $SP token is available for purchase on the centralized exchange xRocket and the decentralized platform Ston.fi.
Spintria will soon be available on two major CEXs. Stay tuned for updates.
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Telegraph
CEX and DEX: What’s the Difference?
If you’re interested in cryptocurrencies, it’s important to understand the key differences between centralized (CEX) and decentralized (DEX) exchanges. We’ve prepared a detailed guide to help you grasp the concepts of CEX and DEX, and choose the right exchange…
55
What is Cryptocurrency Market Cap?
Market cap (short for market capitalization) is one of the key metrics used to evaluate a cryptocurrency.
A simple and clear explanation of this term is provided in our new article.
The market cap of the Spintria token can be viewed on CoinGecko.
Spintria is completing its final verification and will soon be listed on CoinMarketCap — stay tuned.
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Market cap (short for market capitalization) is one of the key metrics used to evaluate a cryptocurrency.
A simple and clear explanation of this term is provided in our new article.
The market cap of the Spintria token can be viewed on CoinGecko.
Spintria is completing its final verification and will soon be listed on CoinMarketCap — stay tuned.
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Telegraph
What is Cryptocurrency Market Cap?
One of the frequently discussed metrics in the crypto industry is the market cap of a cryptocurrency (short for market capitalization). However, not all investors know what it is and how it is calculated. In this article, we provide a simple and clear explanation…
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