The SPY token sits at the center of SpacePay’s payment ecosystem and its presale has raised $1 million at a price of $0.003181 per token. SPY serves multiple functions beyond simple transactions or speculation.
The token flows through a structured distribution model with specific allocations for public sale, rewards, development, and team incentives. Understanding these economics helps explain why investors have backed the project to its current million-dollar milestone.
SPY Token Distribution: The 34 Billion Supply Breakdown
SpacePay has created a total supply of 34 billion SPY tokens with a deliberate allocation structure prioritizing platform growth and user incentives. The largest portion, 20% (6.8 billion tokens), is designated for the public sale currently underway. This allocation strategy puts a major share directly into community hands from the beginning.
User rewards and loyalty programs receive 17% (5.78 billion tokens) that funds the monthly airdrops to active wallets using SpacePay’s payment system. This substantial allocation connects token economics directly to platform usage.
Marketing and community building each receive 18% allocations (6.12 billion tokens) that supports SpacePay’s expansion of its merchant network. These funds help introduce more businesses to SpacePay’s key features like its 0.5% flat transaction fee and instant settlement capabilities that remove volatility concerns for merchants.
Strategic partnerships claim another 18% (6.12 billion tokens) that allows integrations with Android payment terminals and wallet providers. This allocation helps expand SpacePay’s terminal-agnostic approach that works with existing hardware rather than the need for new equipment.
The development fund receives 10% (3.4 billion tokens) to improve SpacePay’s technology. The smallest allocation goes to the founding team at just 5% (1.7 billion tokens).
Token Holder Benefits: The Four Utilities of SPY
SPY token holders receive four benefits that change their relationship with the SpacePay ecosystem from passive investors to active participants and beneficiaries of platform growth.
The revenue sharing model delivers the most direct financial benefit. This channels a portion of SpacePay’s 0.5% transaction fees back to token holders. As businesses process payments through the platform’s Android terminals, a share of each fee flows to SPY holders proportional to their holdings.
Monthly loyalty airdrops reward the most active wallets in the SpacePay ecosystem. The system tracks transaction frequency and volume and distributes additional SPY tokens to users who actively use the platform for payments. These airdrops come from the dedicated 17% allocation for user rewards.
Governance rights empower SPY holders to aid in platform development through monthly voting on crucial proposals. Token holders decide on new features, market expansions, and token-related decisions.
Quarterly connect webinars provide token holders direct access to SpacePay’s leadership team. These 45-minute sessions offer insights into company progress, strategic plans, and upcoming features.
Accomplishments Behind the $1M Presale
SpacePay’s journey to its current $1 million presale milestone is backed by several completed achievements that establish credibility and functional foundation for the platform’s payment system.
The team secured $750,000 from private investors prior to the public presale. This provided the initial capital to develop core technology. This early funding round shows investor confidence in SpacePay’s approach to cryptocurrency payments.
SpacePay completed its Minimum Viable Product (MVP), which successfully implements the promised 0.5% flat fee structure and works with existing Android payment terminals.
The platform’s cross-border capability comes from regulatory compliance work completed for unsanctioned nations. This legal groundwork allows SpacePay to operate globally and allows merchants to accept cryptocurrency payments regardless of location while maintaining compliance with local regulations.
External validation came through the “New Payment Platform of the Year” award at the CorporateLiveWire Global Awards 2022/23. This recognition from industry experts affirms SpacePay’s approach to crypto payments and provides third-party credibility to the platform’s model of connecting 325+ wallets to merchant terminals.
Current Presale Status at $0.003181 Per Token
The SPY token presale has reached the $1 million milestone with tokens priced at $0.003181 each. This funding phase focuses on distributing tokens from the 20% public sale allocation. This is 6.8 billion of the total 34 billion supply.
The current price point positions SPY as an accessible entry into the SpacePay ecosystem before any potential exchange listings or price adjustments in future phases.
Participation in the presale follows an easy process designed for both crypto-native users and newcomers. Investors connect their preferred wallet to the SpacePay presale portal from the official website.
The platform accepts multiple cryptocurrencies for purchase, including USDT, USDC, ETH, BNB, MATIC, AVAX, and BASE. For those preferring traditional payment methods, bank card purchases are also supported.
The presale’s $1 million funding level provides capital for expanding SpacePay’s merchant network and technical capabilities. These funds support development of the core payment features like the terminal-agnostic API that enables integration with Android payment systems and the volatility protection mechanisms that shield merchants from cryptocurrency price fluctuations.
JOIN THE SPACEPAY (SPY) PRESALE NOW
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