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Spintop

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News

New Escrow Service on XRP Ledger Announced

New Escrow Service on XRP Ledger Announced

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XRPL validator Vet has announced a new escrow service that could soon launch on the XRP Ledger, enhancing benefits for token holders as Ripple continues to expand its network.
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Maria Fernandez

XRP Treasury Firm Reports 8X Growth in Tokenized Treasuries

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Ripple-backed firm Evernorth reports an 8x growth in tokenized US Treasuries on the XRP Ledger, increasing from $50 million to $418 million in one year.
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Gustavo Mendoza

Ripple Expands Operations with New Headquarters in Dubai

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Ripple has opened a new regional headquarters in Dubai's International Financial Centre to enhance its operations in the Middle East and Africa.
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Kenji Takahashi

What is Spintop?

Spintop — the next generation blockchain gaming hub that aims to leverage new web3 tools to offer players, traders and investors a comprehensive experience.

Contents:

Spintop - dapp.expert

Description of the Spintop project

At Spintop, developers aim to guide, discuss and propose games by using the blockchain. The ecosystem is designed as a gaming hub that allows players to exchange their tokens, NFTs and feedback.

Spintop consists of four core products that work together in a social manner and are built around user profiles:

Gamepedia A community-driven game guide where games are available, listed and filtered by tokenomics, ratings, smart chains and development status. The games are also rated by both critics and users.
Spindex A decentralized exchange (Dex) where game tokens are pooled to create liquidity, incentivizing revenue generation.
Guild Maker A meeting place for sponsors and scientists who play for money. Sponsors can burn SPIN and create their own guilds, recruit scientists and compete with each other.
NFT Marketplace Will be an offer zone for guilds, users and games to list their NFTs for sale or rent.

Staking and liquid farming: 39% of the tokens will be reserved for rewards such as income farming and staking. Treasury: 30% of the total supply is reserved for platform operation and development. This budget will help to develop many additional features for a healthy ecosystem, hire talented people, provide CEX liquidity and add initial inventory for Yield Academy.

Since the total supply of SPIN tokens is capped at 1,000,000,000, the Spintop ecosystem will need to burn tokens to mint new ones. Minted tokens will only be distributed to liquidity pools after 3 years to provide an incentive to provide liquidity.Spintop

In the future, it is planned to ensure cross-chain compatibility of the Spintop platform. The platform will initially be built on Binance Smart Chain (BSC), a blockchain network for running smart contract applications. BSC runs in parallel with Binance's own Binance Chain (BC).

More about defi app

Spintop users can help to shape the future of the project by voting on different topics. Any user can create a proposal to adjust transaction fees, emission rates, burn percentages and decide which pairs of GameFi tokens to add to farm pools. The proposals will also be related to Gamepedia and important decisions about the future of the project. In order for the user to create an offer, a certain amount of SPIN DAO will be required, and all collected tokens will be burned. Board members will be able to accept or reject an offer, created by another user. The final decision will be made if the percentage of votes cast to accept the proposal exceeds a predetermined threshold.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.