Hi.

The Sperax team is constantly developing our technology. Due to the shortage of manpower, it took some time to reach the first milestone of 2021. Most importantly, we succeeded. So I'm not going to read any sentimental reviews in this article!

SPERAX Play V.1 has been released.

Sperax Play is a decentralized crypto wallet mobile app where the initial utility allows users full control over their accounts. Ultimately, Play will grow as a community hub for Speraxians, crypto enthusiasts, and anyone interested in decentralization.

Let's take a look at exactly how Play works. Then you can better understand why Play is the door between you and the DeFi community.

Play offers a decentralized wallet system

1.SPA is currently Ethereum's ERC-20 token, so Play V.1 will be connected to the Ethereum blockchain. In the future, Play will focus on Sperax's BDLS blockchain and connect to all platforms with SPA.

2. In V.1, users can choose to create a new Ethereum address or import an existing one. Similar to Metamask, users have full control over their wallet in Play.

3. Users can send tokens to other Ethereum addresses via address, contact or QR code.

4. Play currently supports mainstream ERC-20 assets and will continue to add top quality top crypto to the asset list in the future.

Add friends and make hubs

1.Users can add friends via address or QR code.

2. Your Snowball team is your community! Invite your contacts to start building~

3. Play only consolidates group chat rooms and direct messages between contacts.

Mine rewards like a snowball

Two things will happen in the future.

1. First, your reward points can be converted to SPA at a certain rate on a quarterly/yearly basis in the future. Conversion rates for steps 1 and 2 are determined by the Sperax Foundation based on the number of Snowball participants. It is then decided by the community. All SPA tokens come from ecosystem allocation.

2. Second, the reward rate will decrease depending on the size of the community; When the number of registered users exceeds a certain threshold, the mining rate decreases. The exact mechanism is determined by the DAO. Therefore, it is advisable to register as early as possible to maximize your mining opportunities.

Note: There is no pre-mining. Everyone starts the same. Here is the Snowball mining mechanism:

1. The mining cycle is 24 hours. Mining must be restarted manually after each week.

2. Basic computing power, that is, the mining rate is 1xp/h.

3. Each time an invitee successfully joins the Snowball team, they receive an additional 0.25 xp/h base team bonus.

4. If one of the invitees is actively mining (basic computing power * 0.2 + basic team bonus * 0.2) * 25% xp/h of active team bonus is additionally obtained.

For example

When Alice invites Bob and Charlie to the Snowball team, the base team bonus will be 0.25 * 2 = 0.5 xp/h. If both Bob and Charlie are actively mining, Alice gets an additional (1 * 0.2 + 0.5 * 0.2) * 25% * 2 = 1.5 xp/h.

As a result, Alice gets a total of 1.5 xp/h.

So, the more you invite your friends and mine more actively, the more rewards you can get by increasing your basic computing power. If you increase your basic computing power, your mining speed will increase and you can collect more reward points!

Redeem an airdrop on Play for a bonus

Sperax is expected to launch several rounds of airdrops in 2021. If you apply for an airdrop on Play, you will receive additional rewards. Details of the first three rounds of February and March 2021 will be announced tomorrow.

HomePage : https://sperax.io/

Android :  https://play.google.com/store/apps/details?id=io.sperax.wallet

App : https://apps.apple.com/vn/app/sperax-play/id1553015512?l=en

Market : Gate.io / MXC / Hotbit