SPOT (SPOT)

483 Articles 714 Followers

$SPOT tokens are designed to follow the $AMPL price, but without exposure to the rebase, and can be redeemed 1 to 1 for $AMPL tokens at any time on the Spot minting app.

Spot is an inflation resistant store of value token which targets the 2019 $1 USD, built on top of the Ampleforth protocol. As a simplest possible explanation: Take your AMPL tokens, deposit them into the SPOT minting app > mint $SPOT tokens.

$SPOT tracks the price of $AMPL, but $SPOT does not rebase. You can redeem spot one to one for $AMPL via the SPOT minting app.

When you deposit AMPL tokens into the SPOT app, these tokens are split into 2 “tranches” (into two different tokens) of tokens, called a-AMPL and z-AMPL, at a 20% - 80% ratio. If you deposited 100 AMPL into the Spot app, you would get 20 a-AMPL tokens and 80 z-AMPL tokens.

  • A-AMPL tokens get turned into $SPOT (the new tipping token on Publish0x!), and again, these tokens DON’T rebase, and they are redeemable 1-1 for AMPL regardless of current AMPL price.
  • The Z-AMPL tokens do still rebase. Infact, they are essentially leveraged and represent the full initial amount of AMPL. In our hypothetical case in which we've deposited 100 AMPL into the Spot app, we would get 80 z-AMPL tokens and 20 a-AMPL tokens. While 20 a-AMPL (essentially SPOT) tokens do not rebase at all, the 80 z-AMPL rebases as much as the original 100 AMPL would rebase; essentially, z-AMPL is leveraged 1.25x the normal AMPL rebase.

SPOT tokens are designed using Buttonwood (an Ethereum-based smart contract set that provides the building blocks for designing DeFi protocols).

Here is the full Spot info site and whitepaper: https://www.spot.cash/ 

Further Reading on $Spot


ThePredictionSeries: prediction 216.2: wednesday, February 22 2023 : The Result

22 Feb 2023 2 minute read 0 comments excelencia

Excelencia is giving a 100% tip to the publisher of the post that has maintained its position at rank 1 in the New rubric of  the PublishOx website, at the moment ThePredictionPost that predicted to be going to enter at rank 1, has not entered at ran...

ThePredictionSeries: prediction 216.1: wednesday, February 22 2023 : Todays Prediction.

22 Feb 2023 4 minute read 0 comments excelencia

If your last post published was appearing in the NEW rubric of PublishOx around the same time with this prediction post 216.1, stay tuned for the appearance of post 216.2 with the result of the prediction to potentially see your post featured today w...

How to Add $SPOT as a Custom Token in MetaMask & Withdraw it from Publish0x

21 Feb 2023 1 minute read 10 comments katerinaramm

Publish0x is a crypto agnostic platform where both authors and readers earn in Crypto. Crypto Agnostic means that it does not have its own currency. At the time this post is written, the authors are rewarded in ETH, AMPL and since December 2022...

ThePredictionSeries: prediction 215.2: tuesday, February 21 2023 : The Result

21 Feb 2023 2 minute read 0 comments excelencia

The higher a post enters in the New page on PublishOx, the more visibility it will receive, very likely resulting in receiving more tips... Scrolling down You'll see; The actual price situations of BTC, ETH, AMPL AND SPOT and a snapshot of the $BTC,...

TheDailyStatsSeries: day 320: the stats from monday, february 20 2023

21 Feb 2023 5 minute read 0 comments excelencia

         Excelencia's TheDailyStatsSeries:                                        The year is 2023...  theDailyStatsSeries | TheWeeklyStatsSeries | TheMonthleyStatsSeries | TheHiLoStats | StatsForEternity                           Today's day is tues...

ThePredictionSeries: prediction 215.1: tuesday, February 21 2023 : Todays Prediction.

21 Feb 2023 4 minute read 0 comments excelencia

If your last post published was appearing in the NEW rubric of PublishOx around the same time with this prediction post 215.1, stay tuned for the appearance of post 215.2 with the result of the prediction to potentially see your post featured today t...

TheWeeklyStatsSeries: week 7/2023: february 13 through 19 2023.

20 Feb 2023 2 minute read 2 comments excelencia

Welcome in the stats overview from week 7 2023! Always scroll down to see the actual price situations of BTC, ETH, AMPL and SPOT.theDailyStatsSeries | TheWeeklyStatsSeries | TheMonthleyStatsSeries | TheHiLoStats | StatsForEternity We're now at monday...

TheDailyStatsSeries: day 319: the stats from Sunday, february 19 2023

20 Feb 2023 5 minute read 0 comments excelencia

         Excelencia's TheDailyStatsSeries:                                        The year is 2023...  theDailyStatsSeries | TheWeeklyStatsSeries | TheMonthleyStatsSeries | TheHiLoStats | StatsForEternity                           Today's day is mond...

ThePredictionSeries: prediction 214.2: monday, February 20 2023 : The Result

20 Feb 2023 2 minute read 0 comments excelencia

Excelencia is giving a 100% tip to the publisher of the post that has maintained its position at rank 1 in the New rubric of  the PublishOx website, at the moment ThePredictionPost that predicted to be going to enter at rank 1, has not entered at ran...

ThePredictionSeries: prediction 214.1: monday, February 20 2023 : Todays Prediction.

20 Feb 2023 4 minute read 0 comments excelencia

If your last post published was appearing in the NEW rubric of PublishOx around the same time with this prediction post 214.1, stay tuned for the appearance of post 214.2 with the result of the prediction to potentially see your post featured today m...