Spectra Token (SPEC) is AI and machine learning combined with the blockchain. It offers a unique opportunity for AI agents to interact with blockchain technology. It is an on-chain agent economy, where users can build and interact with intelligent programs directly. The SPEC token belongs to the Spectrum Protocol.
Read on to learn more and all about Spectra Token. Check out the functionality, performance, key factors, future price prediction, buying options, process of owning, and credibility.
Let’s dive in:
What is Spectral Token (SPEC)?
The SPEC is an ERC-20 token forming the core of the Spectral Network. SPEC has broad compatibility, which is why many crypto enthusiasts prefer it.
It can work on diverse wallets, Dex, and dApps within the Ethereum ecosystem. SPEC also helps democratize decision-making and ensures no single entity can ever dominate the platform.
Token Name: SPEC
Token Type: ERC20
Market Capitalization: $142,251,004
Total Supply: 100,000,000 SPEC
Max Supply: 100,000,000 SPEC
Chains: Ethereum Ecosystem, Base Ecosystem
How Does Spectral Token Work?
Spectral Tokens (SPEC) function within the Spectral Network. It acts as the key driver for several functionalities. SPEC holders can participate in the decision-making process of the Spectral Network.
Users can vote and submit proposals for upgrades, feature additions, or even changes to network fees. The weightage of the vote is proportional to the amount of SPEC they hold. It allows the community to shape the future of the Spectral Network in a decentralized manner. Overall, SPEC serves a multi-faceted role within the Spectral Network.
Tokenomics of SPEC
Key Factors of Spectral Token (SPEC):
Utility: SPEC-empowered token holders participate in the network’s activities within the ecosystem. SPEC is necessary to deploy AI agents on the network. SPEC can incentivize various participants like data scientists and validators, fostering network growth and engagement. Thus, SPEC empowers token holders to shape the Spectral Network activity.
Technology: The core functionality of the Spectral Network relies on integrating AI agents with web3. The success of SPEC hinges on the effectiveness of this integration. The network should be scalable to handle a growing number of users and AI agents without compromising performance.
Tokenomics: SPEC has set aside 9% of the token supply 3,600,000 SPEC tokens, for an origin fund. New SPEC tokens will be minted every three years at a rate of 2.5 SPEC per block on the blockchain. From these new tokens, 75% will go to the community, while 16% will go into the war chest fund. Currently, they have a circulating supply of 10.3 million SPEC tokens on the market.
Price Prediction of Spectral Token (SPEC)
Expert traders of crypto always calculate the price prediction before investing. This helps them understand the future of crypto.
At the time of writing, Spectral Token is trading with a 24-hour trading volume of $13,030,694.
This represents a 77.50% increase from the previous day. This is a signal of a rise in recent market activity. After analyzing the market and technical indicators, we have formulated a seven-year price prediction for SPEC.
Check out the seven-year price prediction of SPEC until 2030:
| Year | Minimum Price Prediction | Average Price Prediction | Maximum Price Prediction |
| 2024 | $50.16 | $85.27 | $120.37 |
| 2025 | $90.29 | $146.46 | $200.62 |
| 2026 | $140.44 | $160.50 | $180.56 |
| 2027 | $64.20 | $96.30 | $128.40 |
| 2028 | $88.27 | $124.39 | $160.50 |
| 2029 | $152.47 | $256.80 | $361.12 |
| 2030 | $321.00 | $281.19 | $441.37 |
Where can you buy Spectral Token (SPEC)?
You can easily buy and sell SPEC on reliable centralized and decentralized crypto exchanges. You can choose from popular options like
How to buy Spectral Token (SPEC)?
Once you have made your investment budget, you can proceed with the process of buying SPEC. Check out the step-by-step process of owning SPEC:
Step 1: Choose the crypto wallet to store your cryptocurrency
Step 2: Provide your personal information and select strong passwords to set up your wallet.
Step 3: Choose a base currency and the base currency to purchase SPEC.
Step 4: Withdraw your base currency into the crypto wallet.
Step 5: Select the best Decentralized crypto exchange that supports your wallet.
Step 6: Use your base currency to buy SPEC. Select the SPEC from the list and enter the trade amount.
Step 7: If you are unable to find the SPEC, search for its Smart Contracts.
Carefully complete all the steps to secure your SPEC. If you are a beginner, consider a small initial investment amount for the trade.
Is Spectral Token (SPEC) a credible investment option?
Analysis of SPEC shows that the value of the token will increase in the coming future. This appears to be a credible investment option for both beginners and seasoned investors. Like any other cryptocurrency, SPEC is also volatile in nature. It is advised to do your in-depth research about the project before investing. Good luck!
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