What is Spintop (SPIN) crypto and why is it soaring?

April 14, 2022 05:29 PM AEST | By Raza Naqvi

What is Spintop (SPIN) crypto?

The Spintop crypto is the native utility token of Spintop, a gaming hub based on blockchain technology. Spintop protocol's mission is to utilize Web3's new tools and offer a comprehensive experience to players, investors, and traders.

Spintop's ecosystem is designed in a manner to act as a gaming hub and allow players to exchange their non-fungible tokens (NFTs), reviews, and tokens.

Spintop's ecosystem comprises four major elements: Gamepedia, Spindex, NFT marketplace, and Guild Maker.

While Gamepedia is a community-based gaming guide, the Spindex is a decentralized exchange for gaming tokens, where they are pooled to create liquidity and incentivize yield farming.

Meanwhile, the Guild Maker is to act as a meeting ground for play-to-earn sponsors, and the NFT marketplace is for sale or lending.

Bottom line

The surge in the price of Spintop crypto could be due to an announcement that it is introducing an IDO on SpinStarter. The protocol tweeted that the SPIN token can be used for staking in SpinStarter and earning tokens.

The maximum supply of the Spintop crypto is one billion, and its circulating supply is around 162.3 million. It is currently available on the cryptocurrency exchange- PancakeSwap (V2) for trading.

Also Read: What is Celo crypto and why is its price skyrocketing?

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