Like other decentralized crypto projects, Spheroid Universe also boasts its own native token, identified by the abbreviation SPH. Under this name, you can find the current exchange rate of the CoinMarketCap or CoinGecko.
Spheroid Tokens (SPH) are Ethereum blockchain-based ERC20 standard tokens issued by Spheroid Universe in the amount of 10,000,000,000 SPH. This is the maximum amount of coins that can ever exist during the lifetime of the cryptocurrency.
Another milestone in the development of the Spheroid metaverse project is that the SPH token is also available on the Polygon network.
The move is in line with Spheroid's mission to be the first name people think of when they think of the metaverse. With so many new metaverse projects running amok in the crypto space, standing out from the crowd has become more important than ever, and that's what this move brings. These new announcements have many positive consequences for both the project and the users.
With the official Polygon Bridge you can move ERC-20 SPH Tokens From the Ethereum network to the Polygon network and vice versa. Simply connect your wallet to the dApp. If you have SPH tokens in your Ethereum wallet, the bridge will recognize the SPH tokens in the search field and you can perform the bridging.
What properties does the $SPH token have?
Nearly 150 billion SPACE contributes to its value stability as collateral
SPH is a deflation token. From the beginning of 2023, all SPH used to pay for SPACE in the primary market will be burned, thereby reducing circulation.
You can trade with it in centralized and decentralized form. It is currently listed on the MEXC and LATOKEN crypto exchanges.
A SPACE owners will receive the newly designed a portion of SPH tokens.
SPACE's proprietary DAO: Vote on SPH rules for community-driven decisions
SPH is the exclusive cryptocurrency payment tool within the growing Spheroid XR ecosystem.
What is the difference between $SPH token, SPHcredit and SPHbonus?
Before launching the XR ad tool, they developed a fast, simple and profitable ad payment system. The logic of the tool allows advertisers to deduct the cost of published XR content to the SPACE owner on a daily basis. Therefore, payment should be fast and easily accessible for users. There is no need to pay a transaction fee within the platform, as it should be on the blockchain.
SPH Credits
SPH Credits are a virtual currency used for instant and fee-free transactions on the Marketplace.
SPH credits can be used without limitation for advertising services, buying SPACEs of any color and for all other services provided by the platform.
You can deposit (DEPOSIT) and withdraw (WITHDRAW) SPH credit without restrictions.
When you DEPOSIT the SPH Token into your user account, it is exchanged for SPH credits at a 1:1 ratio.
You can convert SPH credits back into SPH tokens at any time using the WITHDRAW function.
SPH Bonuses
SPH Bonus is a free credit for internal use only distributed by Spheroid Universe for promotional campaigns, referral programs and other marketing initiatives. Currently, the SPH bonus can only be used to obtain orange SPACEs.
SPH Bonus and SPH Credits have a 1:1 ratio.
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