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What is SPT(Spectrum)
SPECTRUM (SPT) is a decentralized online shopping aims to improve the e-commerce system
for buyers and sellers. As a rapidly growing business sector, e-commerce continues to open up
new avenues for exploring, comparing and purchasing products worldwide. Such popular online
platforms have no doubt transformed the way in which we shop and live. Access, convenience,
low prices and the availability of a large selection of products are among the many benefits
these platforms deliver to consumers. But such benefits provided by centralized corporations
come at a cost — increased prices, process inefficiencies and aggressive marketing using huge
amounts of personal data.
Spectrum is intended to secure the integrity by serving five primary functions:
1. Access Spectrum to buy and sell inventory on the inventory blockchain.
2. Enable functionality independent from the functionality in Ethereum, such as dual-token
capabilities to protect users from unnecessary volatility, allocate decentralized decision-making
power in an application (vs. protocol-layer) environment, or methods of behavioral incentives
(possibly including, staking, derivative markets, etc.).
3. Disincentives disingenuous behavior, including spamming the network, defrauding other
ecosystem members, or failing to engage in real-world behavior that mirrors on-chain
4. Incentivizing competitors to pool efforts towards functions that are redundantly performed in
legacy e-commerce, reducing barriers that cause oligopolistic corporations to thrive in the
current e-commerce regime.
5. Compensating individuals, such as arbitrators and listing validations, who help ensure the
integrity of the Spectrum ecosystem in a grassroots environment.
Token Status and Distribution
total supply: 9 billion
1 ETH = 10000000 SPT (10GWEI)
Contract address: 0x01cc4151fe5f00efb8df2f90ff833725d3a482a3