Is Sperax a Good Investment?

Sperax is an interesting crypto asset to your portfolio, especially if you wish to diversify into Layer-2 and DeFi tokens in the market. As the utility token of a DeFi protocol on Ethereum’s leading Layer-2 network, the value of SPA token could rise as Sperax adds support for more collateral tokens, expands to new blockchain ecosystems, or implements new features that improve the protocol’s overall liquidity and efficiency. The price of Sperax token could increase as more users sign up for utilizing USDs for yield generation and other DeFi activities on the network. This could increase investor confidence in the Sperax protocol and boost the SPA price statistics. The price of SPA crypto could also increase amid an improvement in the market sentiment toward digital assets. A bullish mood in the crypto market increases the risk appetite among investors, driving buying activity that can support the Sperax value.

What Is Sperax Coin Price Prediction?

While offering an accurate SPA coin price prediction is impossible, several fundamentals impact the price action and volatility in the Sperax token. These include: Level of Adoption An uptick in the number of users on the Sperax protocol could increase the demand for and drive up the value of SPA token. This could also be driven by Sperax announcing support for more tokens as collateral or partnering with more DeFi protocols in the Arbitrum network for yield-generation activities. Future Developments Whenever the developers behind the project add new features that make Sperax and SperaxUSD more attractive, the value of SPA crypto receives a boost. The announcement of new investments, integrations, or expansion to support more blockchain networks beyond Arbitrum could also increase the price of Sperax coin in the market. Market Outlook A favorable outlook among investors towards cryptocurrencies, especially the decentralized finance sector, could also be a key driver of growth in SPA value. Higher DeFi activity can spur the demand for the USDs stablecoin, and the resulting uptick in on-chain activity can increase the price of Sperax token. However, a bearish or risk-averse sentiment can lead to sell-offs that weaken the SPA coin price.

SPA is the utility token of the Sperax ecosystem and has the following purposes: Governance Token SPA token holders can become members of the Sperax DAO and participate in the protocol’s off-chain governance. They can submit and vote on others’ proposals based on their voting power, contributing their thoughts on new partnerships and yield opportunities. Staking You can stake SPA on Ethereum or Arbitrum to receive veSPA tokens that give you voting power. In addition to the governance, staking SPA lets you earn staking rewards generated from yield shares and fees by Sperax.Crypto Asset to Trade and HODL Trade Sperax against other cryptocurrencies to profit from changing market conditions and volatility. You can buy or sell $SPA against other digital assets or hold it long-term if you believe in the future potential of the Sperax protocol. Review the current price of Sperax coin, SPA current market cap, current circulating supply, and 24-hour trading volume, and perform technical, sentiment, and fundamental analysis on the SPA to USD price chart before trading Sperax in the market.

How to Earn on Sperax

You can earn using the Sperax protocol in the following ways: Hold USDs Buy or mint USDs using the protocol and hold USDs in your self-custody crypto wallet to earn auto-yields of up to 11% APY through Sperax. This is one of the most convenient and lucrative ways to earn on Sperax. Farm Provide liquidity in designated pools, stake your LP tokens on Uniswap v3 and Saddle farms supported by Sperax. Check this link to find available farms to earn rewards through the Sperax protocol. Stake SPA Staking SPA lets you earn protocol fees, a share of auto-yield from USDs, and other staking rewards. Through this option, you can also enjoy voting power on the Sperax protocol’s off-chain governance mechanism.

How to Stake SPA on Sperax

Staking $SPA on Sperax lets you earn staking rewards, participate in governance, and enjoy returns from the protocol’s auto-yield feature. Here’s how to stake SPA on Sperax: 1. Visit the Sperax dApp and connect your wallet to it. Ensure you have sufficient funds for staking by buying $SPA on KuCoin or other supported platforms and withdrawing your tokens to your wallet. 2. Click on the Stake tab and enter the number of SPA tokens you wish to lock in the protocol. 3. Select the Lockup Period, ranging from 1 month to 4 years, after reviewing the APYs on offer and the veSPA Balance you are eligible for. 4. Click on Stake and confirm the transaction through your wallet. 5. Sit back, earn rewards, and grow your crypto portfolio by staking $SPA tokens on the Sperax protocol.

How to Buy Sperax (SPA)

Price of Sperax (24h)$0.0118176618297342

1.8%

Real-Time SPA Rate Converter

Interested in buying Sperax (SPA) or exploring other cryptocurrencies? This is the right place for you! KuCoin offers safe and easy ways to let you buy Sperax (SPA) instantly wherever you are! Check out all the ways you can buy SPA on KuCoin.

Buy Sperax (SPA) on KuCoin in Four Simple Steps

Create Your Free KuCoin Account

Sign up on KuCoin with your email address/mobile phone number and country of residence, and create a strong password to secure your account.

Secure Your Account

Ensure stronger protection of your account by setting Google 2FA code, anti-phishing code, and trading password.

Verify Your Account

Verify your identity by entering your personal information and uploading a valid Photo ID.

Add a Payment Method

Add a credit/debit card or bank account after verifying your KuCoin account.

Buy Sperax (SPA)

Use a variety of payment options to buy Sperax on KuCoin. We'll show you how.

Choose How You Want to Buy Sperax on KuCoin

Buying cryptocurrencies is easy and intuitive on KuCoin. Let's explore the different ways of buying Sperax (SPA).

Buy Sperax (SPA) with crypto on the KuCoin Spot Market

With support for 700+ digital assets, the KuCoin spot market is the most popular place to buy Sperax (SPA). Here's how to buy:

1. Buy stablecoins such as USDT on KuCoin using the Fast Trade service, P2P, or through third-party sellers. Alternatively, transfer your current crypto holdings from another wallet or trading platform to KuCoin. Make sure your blockchain network is correct, since depositing crypto to the wrong address may result in loss of assets.

2. Transfer your crypto to a KuCoin Trading Account. Find your desired Sperax (SPA) trading pairs in the KuCoin spot market. Place an order to exchange your existing crypto for Sperax (SPA).

Tip: KuCoin offers a variety of order types to buy Sperax (SPA) in the spot market, such as market orders for instant purchases and limit orders for buying crypto at a specified price. For more information about order types on KuCoin, click here.

3. As soon as your order is successfully executed, you will be able to see your available Sperax (SPA) in your Trading Account.

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How to Store Sperax (SPA)

The best way to store Sperax (SPA) varies based on your needs and preferences. Review the pros and cons to find the best method of storing Sperax (SPA).

Store Sperax in Your KuCoin Account

Holding your crypto in your KuCoin account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own. Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.

Hold Your Sperax in Non-Custodial Wallets

"Not your keys, not your coins" is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your Sperax (SPA) to a non-custodial wallet. Storing Sperax (SPA) in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your Sperax (SPA) frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your Sperax (SPA).

What Can You Do with Sperax (SPA) on KuCoin?

Hold

Store your Sperax (SPA) in your KuCoin account.

Trade

Trade Sperax (SPA) in the spot and futures markets.

Earn

Earn passive income by staking or lending Sperax (SPA).

Why Is KuCoin the Best Platform to Buy Sperax (SPA)?

Safe and Trusted

Our regular Proof of Reserves (PoR) mechanism ensures that customer funds are backed by 1:1 real assets. KuCoin was named one of the Best Crypto Exchanges by Forbes in 2021 and selected by Ascent as the Best Crypto App in 2022.

High Liquidity

Boasting a high liquidity order book for all listed cryptocurrencies, KuCoin delivers a liquid trading experience with tight spreads.

Home of Crypto Gems

KuCoin supports more than 700 cryptocurrencies and is the best place to find the next crypto gem. Buy Sperax and trade it against various digital assets on KuCoin.

Intuitive Interface

Buying Sperax (SPA) on KuCoin is quick and easy, thanks to our intuitive interface and powerful technology. Obtain SPA in an instant when you buy on KuCoin.

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FAQ

What is the Lumerin (LMR) Price Prediction?

Although it is almost impossible to make an accurate Lumerin price prediction over any duration, the new crypto project could see its token LMR price head up as more features are added and it gains more traction among end users.

Looking at its past performance, the LMR price touched an all-time high of over $0.33 in March 2022. As of August 2022, the Lumerin price is trading well below its highest price. However, this gives the crypto a scope of reclaiming the ATH level in the future, powered by improving market conditions and higher adoption of its network.

The Lumerin price could register an uptick as the crypto market sentiment turns bullish, encouraging more buyers to enter the space and invest in trending coins. Increased investor confidence will drive new traders to look for upcoming projects and tokens to invest in, a factor that could drive up the value of the LMR coin. This could positively impact the LMR price statistics and market capitalization.

What is LMR Coin Used For?

The LMR coin is the native crypto asset of the Lumerin ecosystem. It serves the following functions:

Transaction Fees

LMR is used to pay transaction fees within the Lumerin network. Any interaction with dApps or execution of smart contracts will require transactions made in LMR crypto.

Mining Rewards

Network participants who contribute to validating hashrate and transactions in the Lumerin network can mine LMR and receive a portion of the mined crypto as rewards for their efforts. As an incentive token, LMR helps secure the Lumerin Protocol. 25% of LMR’s total supply has been allocated for mining and will be released to the Lumerin community over ten years.

Crypto Asset to Trade and HODL

You can invest in the LMR crypto and use it for trading in the market as a way to grow your crypto portfolio. Based on market conditions, buy or sell Lumerin Protocol against other cryptos, stablecoins, or the United States dollar (USD).

You can also invest in LMR and hold it long-term if you believe in the future potential of the Lumerin Protocol. Assess the current Lumerin price, LMR market cap, circulating supply, 24-hour trading volume, and latest crypto news before you trade Lumerin Protocol.

Earn Passive Income

Some exchanges and DeFi platforms enable you to grow your crypto portfolio by investing in LMR as a way to generate passive income. You can research such platforms, compare their returns, and find the best option to buy and deposit LMR to create a stream of revenue risk-free and conveniently.

How Many Lumerin Coins Are There?

The total supply of LMR has been fixed at 1 billion. The token distribution of Lumerin tokens is as follows:

⧫ 0.1% was allocated for the Strategic Round of fundraising.

⧫ 8% or 80 million LMR coins were allotted towards the private token sale to raise funds for the Lumerin Protocol.

⧫ 15% of the LMR total supply, 150 million, was set aside for the seed round.

⧫ 4.3% of LMR coins were distributed during the public sale.

⧫ 25% of LMR’s max supply was assigned to the core team under strict lockups and a vesting schedule.

Can You Mine LMR Coin?

25% of the total supply of Lumerin coin can be mined. As of August 2022, however, this feature is yet to go live on the platform.

Lumerin’s decentralized mining platform, the Lumerin Hashpower Marketplace, is expected to go live in September 2022. The team could add the mining feature for LMR crypto after the marketplace launches. Watch this space for more details!

How to Earn LMR Crypto

The team behind the Lumerin Protocol has announced the Lumerin Earn program for its community in June 2022. They have partnered with Vesper Finance for users to deposit USDC and start earning LMR coins on the DeFi protocol. Here’s how to earn LMR using Vesper Finance:

1. Head to the Vesper app homepage and connect your crypto wallet to the DeFi platform.

2. Ensure you have sufficient USDC funds to use. If not, buy USDC on KuCoin or other supported platforms to fund your wallet.

3. Head to Pools on Vesper after connecting your wallet to the DeFi app.

4. Find the pool where you can Deposit USDC and Earn LMR under the Actions column on the page.

5. Enter the number of USDC you want to deposit in the pool.

6. Click on the Deposit button after verifying all details so your wallet can process the transaction.

7. Sit back and earn LMR rewards through depositing USDC.

Sperax (SPA) Price Analysis

Live Price

The live price of SPA is 0.012272 USD, representing a decrease of -9.01% in the past 7 days and 1.8% increase in the past 24 hours.

Historical Trends

The all-time high of SPA was 0.23986 USD on 03-23, 2022, from which the coin is now down -94.88%.
The all-time low of SPA was 0.003287 USD, from which the coin is now up 73.22%.

ATL$ 0.003287

ATH$ 0.23986

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Disclaimer

Given the nature of the crypto market, the price of Sperax (SPA) is subject to high market risk and price volatility. We recommend you invest in digital assets only after you understand how they work and their associated risks. Other factors to consider when devising your crypto investment strategy include your experience level, financial situation, investment objectives, and risk tolerance. You could also consult an independent financial advisor before buying cryptocurrencies. The above information is not financial advice, and past performance is not a reliable indicator of how the market will fare in the future. The value of your investments and assets may rise or fall based on market conditions, and there is no guarantee that you will get back the amount you invest or profit from your investments. Your investment decisions are your sole responsibility, and KuCoin is not responsible for any losses you may incur when you buy crypto on its platform. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information is provided to you solely for informational purposes and is not warranted by KuCoin.