Inactive
usds SpiceUSD
$ 0.07288
0.05117 BTC
117 satoshies
Market Cap
605,599.6499 $
24 Hour Trading Vol
122.2328 $
Circulating Supply
8,30 MLN.
Total Supply
19,43 MLN.
Max Supply
-
Fully Diluted Valuation
1,41 MLN. $
Coin Information
This coin is no longer being updated and is inactive. Its information may be updated in the future, but it is not currently active.
Last updated 07 November, 2024
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Contract
0xde7d1ce109236b12809c45b23d22f30dba0e
f424
0x45fdb1b92a649fb6a64ef1511d3ba5bf6004 4838
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SpiceUSD Price Statistics
0.07288 $
0.07631 $ / 0.08376 $
122.2328 $
#19320
605,599.6499 $
1.054 $
-93.08%
04 September, 2022, (3 years ago)
0.02077 $
250.74%
29 August, 2024, (a year ago)
About Coin
The core thesis of the Spice Trade protocol is that, there's a massive need for a decentralized, on-chain, open-source, value-stable, scalable, modular, cross-chain, and capital-efficient system for trade among people of the world. Furthermore, such a system should have deep, long-term, and protocol-owned liquidity to reduce friction and maintain tight pegs. It is our belief that creating such a system brings us one step closer to creating a more peaceful and prosperous future for mankind. The first step in building such a system is to re-think 'money' based on the following principles:
On-chain and decentralized: Reduce custodial risk. This stands in direct contrast to centralized stable coins that may have significant custodial risk.
Value-stable: Frictionless trade requires using money whose value does not significantly fluctuate. Value stable is a relative term. For example, depending on the use case, the best money should be designed to be stable relative to national currencies (Such as USD or Euro), a basket of currencies, an inflation adjusted currency, in-game virtual currencies, reward points (imagine a stable coin that traces a hotel or airline point system on chain) etc. The Spice Trade platform allows building appropriate on-chain decentralized money for all these use cases.
Scalable: Money is a tool of trade. The last thing a successful trade network needs is friction in scaling its monetary system.
Modular: As we will demonstrate in the rest of this whitepaper, the Spice Trade protocol is fully modular to accommodate both immediately predicted needs as well future unknown use cases.
Open-Source: Creating an open-source ecosystem where anyone with a good idea can contribute and build on top of the Spice Trade protocol is one of our core values
Capital-Efficient: While over-collateralized on-chain stable coins pioneered the non-custodial money movement, we believe they will play a relatively smaller role in the future of money. Let us present the following hypothetical scenario in the real-world economy to demonstrate the point: Imagine we remove all the currencies in the world. Then, in order to generate any new fiat dollar (so that trade can resume), someone has to take a mortgage against their physical assets, and only then money is generated to enter the circulation. This would create such a tight monetary system that any real world economy would come to a screeching halt and collapse. And recent market trends reflects the above reasoning as well. Over-collateralized on-chain stable coins are falling further behind in market cap rankings relative to both centralized and on-chain algo-stable stable coins due to capital inefficiency.
Cross-Chain: History has shown that technology continuously evolves and improves upon itself. And any product, community, or nation that does not evolve with it will ultimately get left behind. As such, we strongly believe that any successful decentralized product that wants to withstand the test of time needs to be a meta concept that stays above any particular blockchain (or blockchain technology) and can easily be extended and expanded from one chain to another. For example, while Proof-of-Stake seems to be the current king of consensus-building algorithms, who knows what the future might bring. Why build a chain based on today's technology and trap your protocol in it, when we know that the blockchain of the future may look significantly different than that of today?
Protocol-Owned Liquidity based on Starfish Topology: As discussed in future sections, the Spice Trade protocol is designed to have significant liquidity with practically zero cost by building on the concept of Starfish Topology (pioneered by RadioShack: https://docs.radioshack.org/radioshack-defi/terms/disclaimer)
Spice Trade is the first protocol to encapsulate all of the above principles into a suite of value-stable products.
What is the highest value SpiceUSD (USDS) has ever reached?
SpiceUSD (USDS) reached its peak price at 1.054 $ on 04 September 2022, approximately 3 years ago ago. Presently, the current price is -93.08% lower than this all-time high.
What is the historical minimum price for SpiceUSD (USDS)?
The minimum price reached for SpiceUSD (USDS) was 0.02077 $, documented on 29 August 2024, more than a year ago. In comparison, the current price is 250.74%, it above this historical low.
What is the fully diluted valuation of SpiceUSD (USDS)?
The fully diluted valuation (FDV) of SpiceUSD (USDS) stands at $ 1,41 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of USDS tokens. The realization of this FDV might take several years depending on the emission schedule of USDS tokens.
How to add SpiceUSD (USDS) to MetaMask?
By integrating SpiceUSD (USDS) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import USDS as a token. You can either manually import USDS by copying its contract address (0xde7d1ce109236b12809c45b23d22f30dba0ef424) or use MetaMask's Chrome extension to add USDS with a single click through P.CASH.
How to add SpiceUSD (USDS) to TrustWallet?
Incorporating SpiceUSD (USDS) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include USDS, you can either manually import it using the contract address (0xde7d1ce109236b12809c45b23d22f30dba0ef424) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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