Cryptocurrency attributes
Other attributes
A web 3.0 decentralized protocol ecosystem that simultaneously provides meaningful investments to digital currency entrepreneurs who embrace our vision, and meaningful financial opportunities to token holders “Gladiators”: Spear Finance is a custom fork of Elephant.Money built on Avalanche.
We have developed a full ecosystem of integrated parts that is designed in a cohesive manner to feed into one another and bolster the entire system. This makes the system much more resilient to any of the specific parts failing
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Whether you want to maximize long term profits with our Bonded Yield Asset, or you want to sit back and passively let the rewards flow in with $SPEAR rewards, or you want to be insulated from market conditions while still generating high APR with our $GLAD stable coin staking, we’ve got the perfect fit for everyone.
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We have worked in an entire investment thesis layer similar to a decentralized VC firm that is the basis for providing returns to investors instead of needing new members to enter the community for old members to profit.
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Unlike any other project on blockchain, we have an end date. We are launching a 10-year project, at the conclusion of which all funds in the treasury will be distributed back to the HODLers of $SPEAR! There is a predetermined exit for all, built right into the smart contract.
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An onboarding system that benefits both team builders and new participants to the Spear Finance ecosystem alike. 1% of the bounded amount is sent to the referrer and 1% is sent to the referred in the form of
By integrating the concept of “bonding” with NFTs, the simple “bond” is transformed into a negotiable Bonded Yield Asset, adding additional value to a portfolio. Making them imbued with intrinsic negotiable value, potential valuation growth, and a convenient means of liquidating (what would otherwise be a sunk expense) quickly and easily
This is a battle tested team that knows the arena well. Our entire team has KYC with Assure DeFi, contract audit with Solidity Finance, multi-sig wallets, and locked liquidity
We believe in a decentralized future where the control is in the hands of the community that is central to the project's growth. So we are launching with a DAO to spread out control to the community.
$GLAD is a partially-backed algorithmic stable coin that is part of the Spear Finance ecosystem. When you stake your $GLAD, 1% of the staking pool balance is paid out each day as rewards.
$SPEAR - Rewards Token
HODLers of $SPEAR will receive passive rewards for simply keeping tokens in their wallet, as every transaction (buy, sell, and transfer) has a 10% fee; 5% which is distributed evenly to all existing token holders, and 5% is added towards locked liquidity.
Bonded Yield Assets are a virtual item that allows Gladiators to be recognized and accounted for in the process of maintaining the system. Each Bonded Yield Asset earns a percentage of the daily rewards. It is similar to a proof-of-stake system in that one is rewarded for holding onto something which in turn is helping to keep the system working. Each token generated can be used to create more Bonded Yield Assets to increase daily rewards, can be sold on the blockchain, or exchanged for an underlying liquidity-paired coin.
This is a gamechanger in the “bonding” arena. Purchasing a Bonded Yield Asset is more like buying a lucrative rental property than just “bonding”, but without all the effort. As NFTs that are guaranteed a reward rate for the next ten years, they will appreciate, while providing consistent income over time. As the price of $SPEAR rises, the revenue stream generated by each Bonded Yield Asset also rises, resulting in increased Bonded Yield Asset value. This means that Spear finance’s Bonded Yield Assets are fundamentally less risky than any normal “bonding”, while also offering superior capital flexibility.