What is SPEND token?
SPEND Token Utilities
- Get your card for free by freezing SPEND Tokens
- Upgrade your card tier by freezing your SPEND Tokens
- Receive a SPEND token reward each time your friends sign up on Cryptowallet.com
- Earn 6% APR when staking SPEND
- Receive a 50% discount on service fees on buying and selling crypto if you pay them with SPEND
- Receive up to 3% back in $SPEND when you pay with your card
- 15% of the total supply will be burnt every 2 years, thus decreasing the total supply by 30% after 4 years.
SPEND Tokenomic explained
| Allocated to | Allocation | Tokens | Vesting |
|---|---|---|---|
| Team | 20% | 200,000,000 | 36 months cliff, then monthly unlock over 12 months |
| Advisors | 3% | 30, 000,000 | 12 months cliff, then monthly unlock over 24 months |
| Seed Sale | 4% | 30, 000,000 | 6 months cliff, then monthly unlock over 24 months |
| Private Sale | 6% | 80,000,000 | 3 months cliff, then monthly unlock over 21 months |
| Public Sale | 7% | 90,000,000 | 25% on TGE, then monthly unlock over 3 months |
| Marketing and Liquidity fund | 15% | 170,000,000 | 3.3333% unlocked on TGE for Initial Exchange Liquidity, then monthly unlock over 36 months |
| Operational Reserve | 15% | 150,000,000 | 4% unlocked on TGE for Initial Exchange Liquidity, then monthly unlock over 24 months |
| Cashback Rewards | 10% | 50,000,000 | 3 months cliff, then monthly unlock over 36 months |
| Staking Rewards | 20% | 20,000,000 | Locked-up at TGE, and will be unlocked on a rolling basis at a decaying growth rate |
| Total | 100% | 1,000,000,000 |
How to get SPEND tokens?
It’s actually pretty easy - here’s how: We’re constantly working on expanding its utility even further so that our community members can truly unlock crypto’s potential.- Take part in our campaigns and airdrops and become an early adopter
- Are you an investor and want to take part in the private sale? Get in touch for additional information
- Public sale during the token lunch
The crypto neo-bank to change the game
SPEND Token FAQ
FAQ
What is $SPEND token?
$SPEND is the utility token of CryptoWallet.com that powers the entire ecosystem. You can use the token to pay transaction fees and stake it to get higher cashback rewards.
Just like any other crypto, you have the capability to buy and sell $SPEND tokens on popular exchanges. Furthermore, you can earn $SPEND through cashback rewards from card purchases and staking rewards.
What chain is the $SPEND token on?
$SPEND is a BEP20 token built on the Binance Smart Chain.
What can you do with $SPEND token?
$SPEND token can be used on CryptoWallet.com to pay for transaction fees when you are buying, selling cryptos on the exchange, or sending cryptos with CryptoWallet.com card.
You can stake $SPEND to upgrade your crypto card to earn higher crypto cashback on card purchases.
Other than that, you can also buy, sell and trade $SPEND just like a traditional cryptocurrency.
Where to buy $SPEND token?
You can buy $SPEND either on the CryptoWallet.com exchange or from reputable exchanges during the public sale.
You can also accumulate $SPEND through cashback rewards from crypto card purchases and by participating in staking activities.
What is the max supply of $SPEND token?
The total supply of $SPEND tokens is 1 billion.
What is $SPEND buyback and token burn?
CryptoWallet.com will buy back the $SPEND tokens that are in circulating supply and gradually conduct burning of the $SPEND token, with the goal of reducing the total supply by 25%.