Sperax (SPA) is a blockchain-based protocol designed for decentralized applications (dApps), particularly focused on decentralized finance (DeFi) solutions. The SPA token serves dual roles as a governance token and a value accrual asset within the Sperax ecosystem.

SPA holders can stake their tokens to gain governance power and earn a share of protocol fees. This staking mechanism allows users to participate in decision-making through the Sperax DAO and earn rewards. The staking protocol is deployed on both Ethereum and Arbitrum networks, with specific contract addresses for each chain.

The SPA token also benefits from a deflationary design, which includes a burn mechanism to reinforce its scarcity over time. Additionally, SPA holders can earn staking rewards and fees from the minting and redeeming of USDs, the decentralized stablecoin yield automation protocol within the Sperax ecosystem.

SPA tokens can be freely traded across centralized exchanges (CEXs) and decentralized exchanges (DEXs) that support its trading pairs. This allows users to transfer value and store it, making SPA a versatile asset within the DeFi landscape.

The Sperax protocol uses 50% of the auto-yield and 100% of the fees to buy back SPA tokens from the open markets, which are then stored in a designated wallet. This process helps manage the circulating supply of SPA tokens, ensuring a balanced and healthy token economy.

Overall, the Sperax (SPA) token is a crucial component of the Sperax ecosystem, enabling governance, staking, and value accrual while facilitating liquidity and trading within the DeFi space.

To store Sperax (SPA) tokens, you have two primary options:

1. KuCoin Account: You can hold your SPA tokens in your KuCoin account. This provides quick access to trading products such as spot and futures trading, staking, and lending. KuCoin acts as the custodian of your crypto assets, ensuring you don't need to manage your private keys. However, make sure to set up a strong password and upgrade your security settings to prevent unauthorized access.

2. Non-Custodial Wallets: For enhanced security, you can withdraw your SPA tokens to a non-custodial wallet. This grants you complete control over your private keys. You can use various types of wallets, including hardware wallets, Web3 wallets, or paper wallets. Keep in mind that this option may be less convenient if you plan to trade your SPA tokens frequently or use them for other activities. Always store your private keys securely to avoid losing access to your SPA tokens.

To buy Sperax (SPA) tokens, follow these steps:

1. Choose an Exchange:

   • Select a reliable centralized exchange such as KuCoin, Binance, Coinbase Pro, CoinEx, gate.io, or MEXC.
   • Research the exchange, read user reviews, and compare fees, security features, and supported currencies before making a choice.

2. Create an Account:

   • Sign up on the chosen exchange with your email address, mobile phone number, and country of residence.
   • Create a strong password and ensure account security by setting up Google 2FA, anti-phishing codes, and trading passwords.

3. Verify Your Account:

• Complete the identity verification process by providing personal information and uploading a valid Photo ID.

4. Add a Payment Method:

   • Add a credit/debit card, bank account, or other supported payment methods to fund your account.

5. Buy Sperax (SPA):

   • Navigate to the Buy & Sell section and select Sperax (SPA) as the cryptocurrency to buy.
   • Choose the desired order type: Market Order, Limit Order, Stop Order, or TWAP Order, depending on your trading strategy.

6. Transfer to Wallet:

• Once purchased, you can hold your Sperax (SPA) in your exchange account or transfer it to a personal cryptocurrency wallet for additional security and flexibility.

Remember to stay informed about market conditions and fees associated with each exchange to ensure a smooth and secure purchase experience.