Sperax (SPA) Gets Listed on KuCoin!

Dear KuCoin Users,

KuCoin is extremely proud to announce yet another great project coming to our trading platform. Sperax (SPA) will be available on KuCoin. Supported trading pairs are SPA/USDT and SPA/ETH.

Please take note of the following schedule:

• Deposits Effective Immediately (Supported Network: ERC20 and ARBITRUM)
• Trading: 13:00 on April 19, 2022 (UTC)
• Withdrawal: 13:00 on April 20, 2022 (UTC)

Tags: Stablecoin, DeFi

Project Summary

* The key metric numbers are calculated as at April 18 2022; Issue Price represents the price of latest private sale price.

SperaxUSD (USDs) is the first auto-yield bearing stablecoin deployed on Arbitrum. Its distinctive feature - Auto-Yield allows retail users to just hold USDs and earn up-to 12% APY. Unlike its competitors, USDs’s yield is 100% organic and sustainable as we are reinvesting the collateral deposited in the USDs protocol into yield aggregators to generate yield. USDs use the yield generated to buy back USDs from the open market and then distribute this USDs back to the USDs holders. Sperax’s core research team is the ex-Terra team behind the design of UST and Anchor.

Official Website: https://sperax.io/

Whitepaper: Click to view

Risk Warning: Investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses.

Regards,

The KuCoin Team

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