What is Solspend

Article Summary, Automatically Generated By AI

About SolSpend

  • SolSpend allows users to purchase retailer gift cards and prepaid Visa/Mastercards using Solana, leveraging low gas costs.
  • Holders of the spend token and affiliate link users receive 100% of the profit generated via the SolSpend Bot.
  • Total supply of SolSpend token ($SPEND) is capped at 10 million tokens.
  • Token allocation:

    • 5% (500,000 $SPEND) for ecosystem rewards
    • 7.5% (750,000 $SPEND) for marketing and partnership costs
    • 10% (1,000,000 $SPEND) for operations and development

About SolSpend: Empowering a New Era of Digital Spending

SolSpend: A Revolutionary Payment Solution

SolSpend empowers users to acquire a diverse range of retailer gift cards, as well as a selection of prepaid Visa and Mastercards, which can be conveniently settled directly with Solana, leveraging the Solana Blockchain’s low gas costs to ultimately benefit the end user.

Beneficiaries of the spend token, as well as users affiliated through unique referral links, are entitled to a 100% share of the profits accrued through the SolSpend Bot.

At the forefront of SolSpend’s groundbreaking solution stands a formidable ensemble of blockchain virtuosos, marketing strategists, wordsmiths, and tech visionaries. United by a shared vision, this diverse collective is dedicated to propelling SolSpend’s mission forward and guaranteeing its triumph.

The total supply of the SolSpend token ($SPEND) is capped at a fixed ceiling of 10 million tokens, ensuring a scarce and coveted digital asset.

A total of 5% of the overall supply, equivalent to 500,000 $SPEND, has been earmarked for future ecosystem rewards. Furthermore, 7.5% of the total supply, amounting to 750,000 $SPEND, has been designated for marketing and partnership expenses, as outlined on our website. Additionally, 10% of the total supply, totaling 1,000,000 $SPEND, has been allocated for the operational development of the SolSpend Platform, as detailed on our official website.

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