Defispot Price

(SPOT)
USD($)
Defispot (SPOT) Live Price Chart

Defispot Live Price Data

The live price of Defispot is $0.02274, with a total trading volume of $ 2,714 in the last 24 hours. The price of Defispot changed by -1.3% in the past day, and its USD value has decreased by -6.87% over the last week. With a circulating supply of -- SPOT, the market cap of Defispot is currently -- USD, marking a --% increase today. Defispot currently ranks #-- in market cap.
How do you feel about Defispot today?
Note: This data is for reference only.
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Defispot(SPOT) Profile

altRank--
rate--
Expand
Documentation
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Explorer
Contract
Ethereum 0xe635ef...1dd
Audited By
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Code & Community
Investors
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$0.02250
$0.02305
$0.07222
0.00%
-1.30%
-6.87%
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$78,063 
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1B

About SPOT

How can I buy Defispot (SPOT)?

Buying SPOT on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Defispot (SPOT) for more information.

What Is Defispot (SPOT) Crypto?

Defispot effortlessly manages assets across over 60 blockchains with a single interface, all powered by its robust API. The Defispot platform utilizes advanced smart routing across decentralized exchanges (DEXs), DEX aggregators, bridges, and cross-chain protocols, enabling seamless cross-chain swaps, unparalleled interoperability, and efficient message passing.

Defispot runs on the THORChain protocol, facilitating cross-chain DEX functionality that allows users to manage liquidity and perform swaps without the traditional Know Your Customer (KYC) requirements found in centralized exchanges (CEXs). The platform aims to combine the user-friendly aspects of CEXs with the trustless, permissionless nature of DEXs, offering a simpler interface to attract users who might be put off by the more complex interfaces of traditional DEXs​.

Furthermore, Defispot has implemented a utility token named SPOT, which is based on the Ethereum blockchain as an ERC-20 token. This token plays a role in the ecosystem by potentially being used for governance, transaction fee reductions, and other utilities as the platform develops. Defispot has been actively expanding its features, including offering synthetic assets, cross-chain lending, and a native crypto wallet​.

How Does Defispot Work?

Defispot works primarily as a cross-chain DEX on the THORChain protocol. This allows it to facilitate the addition and removal of liquidity from cryptocurrencies without requiring traditional Know Your Customer (KYC) processes common in CEXs. This feature is crucial for users who prefer anonymity and less bureaucracy while trading cryptocurrencies.

The platform is designed to be user-friendly, resembling traditional CEXs to make it accessible for users of varying experience levels. Defispot supports peer-to-peer transactions, allowing users to maintain full control and custody of their cryptocurrencies throughout the trading process. This setup helps to minimize trust issues and risks associated with third-party custodians.

Defispot leverages the permissionless nature of THORChain to allow instant swaps across different blockchains, facilitating a seamless trading experience. This setup not only supports a wide range of cryptocurrencies but also ensures that users get the best possible prices due to its integration with multiple liquidity sources.

Additionally, Defispot is structured to expand into a comprehensive ecosystem that includes functionalities like synthetic digital assets, a native wallet, and cross-chain lending options. The platform uses its native token, SPOT, based on the Ethereum blockchain, as an ERC-20 token for various utilities within the ecosystem, including governance and transaction fee reductions.

History of Defispot and SPOT Coin

Since its launch in 2021, Defispot has made significant strides in developing its platform and expanding its features. Key developments include:

SPOT Token Launch and Listings

Defispot introduced its native token, $SPOT, in April 2024. Subsequently, the token was listed on major exchanges like KuCoin, which marked a significant milestone for the platform, enhancing its visibility and accessibility to a broader audience.

Defispot Vesting and Token Distribution

The platform structured a detailed token distribution strategy, which included specific vesting periods for different stakeholders, such as the team advisors, and for marketing purposes. This strategy was designed to ensure a steady and controlled release of tokens into the market, supporting sustainable growth.

Marketplace Integration

Defispot has significantly expanded its reach and functionality by integrating with over 520 liquidity sources and over 30 blockchain networks. This integration ensures that users can access the best prices available in the market, making it a competitive player among decentralized exchanges.

What Is SPOT Token Used for?

The Defispot (SPOT) token serves several key purposes within the Defispot ecosystem. Primarily, it is used to facilitate transactions on the platform. Upon the launch of the SPOT token, a small fee will be charged for all transactions, which is then distributed to stakers. This fee structure incentivizes the holding and staking of SPOT tokens, as stakeholders can earn rewards from transaction fees generated across the network.

The Defispot team is also developing an SDK to enable other DeFi developers to integrate Defispot as a backend service in their platforms. Fees generated from these integrated services will also be directed to stakers, further enhancing the utility of the SPOT token within the broader DeFi ecosystem. This approach aims to expand the use cases of SPOT beyond just transaction fees, positioning it as a foundational component in the operations and security of the Defispot platform.

You can also trade $SPOT on the KuCoin Spot Market against other cryptocurrencies to make the most of changing market conditions. Buy or sell Defispot crypto or HODL if you believe in the project's long-term potential and the overall DeFi market. Remember to do your own research (DYOR) before undertaking trading decisions in the crypto market.

Defispot (SPOT) Price Movements ($)
PeriodChangeChange (%)
Today$-0.00019-0.83%
7 Days$-0.00168-6.88%
30 Days$-0.01082-32.23%
3 Months$0.0027413.75%
24H Investment Barometer
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Buy
The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Risk warning:Please note that the Investment Barometer is provided for informational purposes only and is not an investment advice. Investing carries risk. Please make investment decisions cautiously and based on your own judgement.
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Defispot Conversion Rate
  • 1 SPOT to USD$0.0227409
  • 1 SPOT to EUR€0.02096563
  • 1 SPOT to AUD$0.03431102
  • 1 SPOT to KRW₩31.1
  • 1 SPOT to JPY¥3.57
  • 1 SPOT to GBP£0.01785308
  • 1 SPOT to INR₨1.88
  • 1 SPOT to IDRRp364.8
  • 1 SPOT to CAD$0.03107499
  • 1 SPOT to RUB₽2.06

FAQ

How much is 1 Defispot (SPOT) worth?
KuCoin provides real-time USD price updates for Defispot (SPOT). Defispot price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time SPOT to USD exchange rates.
Is Defispot (SPOT) a Good Investment?

Investing in Defispot (SPOT) offers several advantages that may appeal to investors interested in decentralized finance (DeFi). Here are some potential benefits:

Decentralized Nature of Defispot Protocol

Defispot operates as a DEX, eliminating the need for transaction intermediaries. This can enhance security and reduce potential points of failure associated with centralized platforms.

User Autonomy and Custody

Users maintain complete control over their tokens without needing to deposit them into the exchange. This feature mitigates risks like exchange hacks or third-party mismanagement.

Defispot’s Price Optimization Feature

Defispot is designed to aggregate the best available prices across multiple liquidity sources, potentially offering users better rates than single-exchange transactions.

Transparency and Fair Trading

The platform emphasizes transparency in its fee structure and transaction processes, helping users understand all costs involved without hidden charges.

SPOT Token Utility

The SPOT token is used within the ecosystem for transaction fees, which are redistributed to stakers, potentially providing a passive income stream for token holders.

Defispot’s Innovation and Integration

Defispot also focuses on broader ecosystem integrations, allowing other DeFi developers to use its services, which could increase the utility and demand for the SPOT token.

What Is Defispot Price Prediction?

While we cannot offer an accurate SPOT crypto price prediction over any duration, monitoring the following factors could help you understand the price movements in Defispot token better:

Defispot Coin Market Demand and Supply Dynamics

The fundamental demand for the SPOT token within the ecosystem and its supply, including aspects like token burns or minting, can significantly affect its price. The overall liquidity available on exchanges also plays a crucial role.

Future Developments in the Defispot Roadmap

Updates and enhancements to the Defispot platform can impact the SPOT to USD price. New features or improvements in the platform's efficiency or security could increase investor confidence, positively affecting the Defispot price.

Global Macroeconomic Factors

General economic conditions like recessions or economic booms can influence investment levels in riskier asset classes like cryptocurrencies. For example, economic downturns might lead to decreased speculative investments, affecting the $SPOT price.

Media and Public Sentiment

Public perception driven by media coverage can greatly influence the price of cryptocurrencies. Positive news might lead to price surges, while negative news can cause declines in the SPOT token price.

External Market Forces

The broader cryptocurrency market trends, particularly movements in major cryptocurrencies like Bitcoin, often correlate with the price movements of smaller altcoins, including the SPOT crypto price.

How to Earn on Defispot Protocol

You can earn on Defispot (SPOT) primarily through providing liquidity and participating in the platform's reward system. Here’s how you can engage:

Providing Liquidity

By contributing to the liquidity pools on Defispot, you can earn yields from the trading fees collected on the platform. This incentivizes liquidity providers as they receive a portion of the transaction fees proportional to their stake in the liquidity pool.

Participation in Defispot Leaderboards

Defispot features a leaderboard system where users earn points based on their trading volume. These points can qualify you for airdrops or other rewards, enhancing the earning potential for active traders on the platform.

What is the all-time high price of Defispot (SPOT)?
The all-time high price of Defispot (SPOT) is $0.07222. The current price of SPOT is down 0.68% from its all-time high.
What is the all-time low price of Defispot (SPOT)?
The all-time low price of Defispot (SPOT) is $0.02244. The current price of SPOT is up 0.01% from its all-time low.
What is the market cap of Defispot (SPOT)?
The current market cap of SPOT is $1.41M. It is calculated by multiplying the current supply of SPOT by its real-time market price of $1.41M.
How do I store Defispot (SPOT)?
You can securely store your Defispot in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your SPOT include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Pepe 2.0 (PEPE2) to cash?
You can instantly exchange your Pepe 2.0 (PEPE2) for cash using KuCoin's Fast Trade feature. This feature enables you to convert PEPE2 to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.
Fear & Greed Index
Note: Data is for reference only.
Neutral48
SPOT
Estimated
-- USD
SPOT/USDT1
$0.02274-1.30%