The pandemic has left people jobless and most are receiving pay cuts. While people are searching for an alternative source to make money, the economy of cryptocurrency is rising more than ever. Today, there are thousands of coins and tokens serving bigger causes than just making a profit. One such token is the Spacex Network ($SPN).
What is SPN?
Spacex Network is a static reward token with great amenities for investors. There is a 10% trading commission that provides multiple rewards, charity and liquidity for $SPN token and thus the value of $SPN will also increase. The $SPN token static rewards are based on the trade volume and that way there is less pressure on the sellers to trade their coins. Every time an investor sells their $SPN, every holder will be rewarded for it. The more $SPN people hold, the more rewards they get. The number of rewards received also depends on the percentage of tokens sold by other holders.
Purpose Behind SPN
The “SafeMoon Protocol”, is quite famous among crypto ecosystems. It promises to create a target price by locking the token in a liquidity pool that cannot be accessed by the team. One flaw in this system is that devs owners can still access that locked wallet which protects the pairs and thus the entire team has risks losing the value of the entire cryptocurrency. SPN was created with the aim to eliminate this loophole and to nurture trust among the holders which can be more valuable than the currency value.
Features of Spacex
Every single transaction of SPN will automatically generate more liquidity acquired through multiple exchanges. The tokens inside the liquidity pool cannot be accessed even by the development team. Every time a transaction is made, the tokens are sent to this inaccessible wallet and thus it guarantees liquidity. The tokens will also burn the tokens which will reduce the supply and increase the value of the tokens which in turn will increase rapid growth.
To know more, visit: http://spacexnetwork.net/
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I have been writing about Cryptocurrency for over 5 years and I have seen it grow from a niche interest to a global phenomenon. I have written two books on the subject, “Crypto investing for beginners” and “Crypto trading for beginners”. My work has been featured in major publications such as Forbes, Wall Street Journal and Time Magazine.
I am a thought leader in the space and my insights are highly sought after by both media and industry players. I am a regular contributor to CNBC, Bloomberg and CoinDesk. I also advise startups in the space and have mentored many successful entrepreneurs.