INTRODUCTION TO SPORES NETWORK

Latsan
2 min readNov 28, 2021

Spores Network is Unique in various ways and the Spores Network founders believe that the decentralization of ownership and burgeoning Metaverse will uniquely bridge our digital and physical lives. The mission of the entire Spores protocol is to create an NFT ecosystem that is creator-centric, community driven, and borderless. The spores Network is obviously one of a kind

On that same note, Spores functions as a Unique media company that leverages on an NFT marketplace and game publishing platform to activate content creators in various areas like games, Art, entertainment and many more.

The Spores Protocol is building a multi-chain interoperable NFT marketplace and DeFi protocols for Creative Industries: Animation, Collectibles, Digital Artworks, Fashion, Gaming, Sport Cards. Spores Network founders deeply believe that a digital “metaverse” is being built today that will revolutionize our thoughts and behaviour with respect to living, owning, sharing our physical and digital lives. Crypto enables two exciting and eventual two paths: Decentralization of Ownership, Frictionless Redistribution of Capital.

With these, Spores seeks to empower creators to create, exchange, and communicate their life’s work. Our Core Values are defined as: Creator Centricity, Frictionless, Borderless, Community.

The native digital cryptographically-secured fungible (i.e. ERC20 / BEP20) token of the Spores platform (ticker symbol SPO) is a transferable representation of attributed governance and utility functions specified in the protocol/code of the Spores platform, and which is designed to be used solely as an interoperable utility token on the platform. SPO is designed to be NFT-creator-centric and DeFi-community-driven, and to incentivize all contributors and participants across the whole Spores ecosystem.

As a way of rewarding the entire community for network participation SPO token incentives will be distributed to incentivise users to participate in community governance, reward contributors on the platform and other utility purposes including platform fees discount.

Community Rewards (NFT minting, trading, LP mining and other DeFi rewards):

• Reward for NFT creators for each newly minted NFT on Spores platform.

• Reward for buyers and sellers per confirmed transaction (auction, exchange, etc).

  • Reward for LPs to provide liquidity on the platform supporting transactions related to SPO.

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Latsan

Blockchain enthusiast//Blockchain Ambassador//Content writing.