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SpyritCoin is a deflationary utility token built on the Polygon network developed with two economical protocols: Reoccurring Tax Back to Investors, and Liquidity Acquisition.
SPYRIT is the essence of a blockchain based on DeFi principles, utility implementation, and building the metaverse. Initially built on Polygon, SPYRIT will implement several use cases for its native token, SpyritCoin. The developments of SPYRIT begin with a decentralized application (Layer 3) that allows its users to trade, farm liquidity, stake tokens, mint NFTs, and stake NFTs within the Polygon network. The bridge protocol (Layer 2) allows users to move their SpyritCoin from one network to another. SPYRIT will be backed by a new network called, the Spyrit Chain (Layer 1). Along with the development of a one of a kind story based Metaverse game that will include NFT functionality called, the Spyrit Realm.