SPY Token

DeFi meets Meme
Exploring the ERC-20 standard

Founders: [email protected]

[ZKsync @zksync]

Sharing the first draft of The ZK Credo — a declaration of the foundational principles for the emerging ZK-powered Internet of Value.

v1 is now live on GitHub for community discussion and feedback from the Credo's rightful owner: You!

👇 1/6

https://t.co/BdEH5pecC6

[SPY Token @spytoken]

We continue to work on some ideas that could enhance the usability of $SPY in the space. Widespread adoption as we figured would be, has been minimal, leading to a lack of growth in price and holders. The strength of the contract however remains visible in its clear mechanics.

[SPY Token @spytoken]

Having taken into account the consideration of $SPY holder feedback, a decision has been made to leave the LP Fees as it is to provide for interim stability and not rock the boat further as seen with the mini panic created as a result of the quoted.

[SPY Token @spytoken]

Here's an idea. How about we use the 1% claimable LP Fees to:

a. Burn the pulled $SPY Tokens
b. Send the ETH to a contract that allows holders to stake $SPY to earn ETH? Or Burn to Earn?

Another useful implementation of available #Defi mechanics meets #Meme

[SPY Token @spytoken]

The #Defi landscape sports a different shade with onset of multiple options in the space on an hourly basis in the form of metas. A token like $SPY seems to find itself ahead of its time, or sitting at the incorrect table, or a mixture of both. Evolution is a boon and a bane.

[SPY Token @spytoken]

Here's an idea. How about we use the 1% claimable LP Fees to:

a. Burn the pulled $SPY Tokens
b. Send the ETH to a contract that allows holders to stake $SPY to earn ETH? Or Burn to Earn?

Another useful implementation of available #Defi mechanics meets #Meme

[SPY Token @spytoken]

Uniswap V2 does not allow projects to claim fees.
Uniswap V3 glitches Fees and Rebase Tokens.

Custom $SPY liq locker is to 6 months with a 1% fee withdrawal possible every 24 hours.

https://t.co/wmPcRdtbkL

[SPY Token @spytoken]

Why $SPY uses Claimable Fees for holders?

a. Prevents additional sell pressure on your charts avoiding the need to liquidate the fees

b. Prevents wastage of additional gas to redistribute

c. Keeps your holders engaged looking for some activity building game theory excitement.

[SPY Token @spytoken]

Today we will talk a bit more about Reward Claims on tax tokens and how Project Teams can materially benefit from partnering with the holders to create a positive user story through the token lifecycle.

[SPY Token @spytoken]

The community has kindly created a token specific website https://t.co/SSwHFVfC11

Additionally a community TG to discuss the $SPY experiment: https://t.co/HDyF0m7HsC

Dextools has been updated. CoinGecko and CoinMarketCap have been applied for on request.

[SPY Token @spytoken]

Suggestions to setup a website dedicated to $SPY and updating Dextools, Coingecko and CMC have been well consumed. Work has begun on the same to quickly tick the boxes. Appreciate the support.

[SPY Token @spytoken]

Hodlers, observers, project teams may kindly take note that this is after more than half a million dollars of sell volume absorbed since launch.

Simple #Defi can meet #Meme halfway, shake hands, coexist and even flourish. $SPY will attempt to do more to make it happen quicker.

[SPY Token @spytoken]

The implementation of hyper-deflationary transaction tax has seen 4%+ of $SPY supply permanently wiped in a matter of 24 hours.

on the flip side, the Fee Contract has grown to a size of 2.75% $SPY supply made available for holders to claim.

https://t.co/UoRXFQOWch

[SPY Token @spytoken]

The implementation of hyper-deflationary transaction tax has seen 4%+ of $SPY supply permanently wiped in a matter of 24 hours.

on the flip side, the Fee Contract has grown to a size of 2.75% $SPY supply made available for holders to claim.

https://t.co/UoRXFQOWch

[SPY Token @spytoken]

Suggestions to setup a website dedicated to $SPY and updating Dextools, Coingecko and CMC have been well consumed. Work has begun on the same to quickly tick the boxes. Appreciate the support.

[SPY Token @spytoken]

Today we will talk a bit more about Reward Claims on tax tokens and how Project Teams can materially benefit from partnering with the holders to create a positive user story through the token lifecycle.

[SPY Token @spytoken]

Appreciate the notes received on $SPY. Love how so many are thinking out of the box! All great ideas!
Will respond to all in due course.

[SPY Token @spytoken]

Maybe its time for iearn V2 @AndreCronjeTech

[SPY Token @spytoken]

$SPY holders can note that the Lock Tokens function allows for locking the LP Tokens for the Initialized Timestamp here - set to 6 months:

https://t.co/CdFiOogAU8

The Unlock function allows for easy removal at the end of the Tenure.

[SPY Token @spytoken]

It is noteworthy that the Uniswap LP Token contract can just as easily incorporate a failsafe to prevent withdrawals or transfers within a certain period to safeguard investors but odd enough they have not upgraded to this standard yet.

Perhaps this is something to consider.

[SPY Token @spytoken]

It is noteworthy that the Uniswap LP Token contract can just as easily incorporate a failsafe to prevent withdrawals or transfers within a certain period to safeguard investors but odd enough they have not upgraded to this standard yet.

Perhaps this is something to consider.

[SPY Token @spytoken]

Uniswap V2 does not allow projects to claim fees.
Uniswap V3 glitches Fees and Rebase Tokens.

Custom $SPY liq locker is to 6 months with a 1% fee withdrawal possible every 24 hours.

https://t.co/wmPcRdtbkL

[SPY Token @spytoken]

Uniswap V2 does not allow projects to claim fees.
Uniswap V3 glitches Fees and Rebase Tokens.

Custom $SPY liq locker is to 6 months with a 1% fee withdrawal possible every 24 hours.

https://t.co/wmPcRdtbkL

[SPY Token @spytoken]

$SPY holders can claim their tax rewards here:

https://t.co/HeP5Y96Fxg

Connect your wallet and hit write.
Anyone could potentially setup a basic UI for this as well. Simple to implement.

[yzzy gems @YzzyGems]

@spytoken hello sir i made a community TG for $SPY https://t.co/XyMRK2UrhT

[SPY Token @spytoken]

A brief on the attempt with $SPY

[SPY Token @spytoken]

hello world! 👋

we hope you are enjoying $SPY