SPECTRUM price is $0.00000013
The current price of Spectrum (SPT) is $ 0.00000013, with a 24-hour trading volume of 0.0. Over the last 24 hours, the price of Spectrum has increased by +0.00%. The cryptocurrency currently ranks #1 according to its total market capitalization of $ .
Spectrum is a decentralized online shopping platform that capitalizes on the efficiency, security, and transparency benefits of blockchain technology. Specifically, Spectrum seeks to improve the e-commerce landscape by employing a smart contract-based protocol that eliminates the need for traditional "middlemen" marketplaces—such as Amazon, eBay, or Alibaba. Harnessing the power of blockchain, Spectrum aims to offer a less expensive and more secure online commerce experience that saves both time and money for its users.
Spectrum has been developed by a team of experienced professionals specializing in blockchain technology and e-commerce solutions. However, the exact identities of the team members are unknown. If you're interested in learning more about the people behind Spectrum, it is recommended to visit their official website or connect with the team on their various social media platforms.
At its core, Spectrum relies on smart contract technology to automate its unique e-commerce solutions. Smart contracts are lines of code that are stored on a blockchain network, and they enable automatic transactions to occur when predetermined conditions are met.
When a seller lists a product on Spectrum, they set these predetermined conditions, which might include the price of the item, the required payment method, and any specific terms of the sale. This listing becomes a smart contract that is stored on the Spectrum platform. When a buyer makes a purchase, the smart contract automatically executes based on the set terms, seamlessly transferring ownership of the item to the buyer and funds to the seller.
This process not only reduces the need for third-party intermediaries in the online shopping experience but also increases transparency and security—since all transactions are verified and recorded on the blockchain.
Spectrum is unique in its approach to revolutionizing the e-commerce industry by leveraging blockchain technology. Its vision to remove middlemen in online shopping transactions distinguishes it from traditional e-commerce platforms.
One of the significant benefits of Spectrum is its cost-effectiveness. By eliminating intermediaries, it reduces the fees that sellers often have to pay to list and sell their items online. This may result in lower prices for consumers and higher profit margins for sellers.
Another defining feature of Spectrum's platform is the enhanced security it provides to its users. Given the immutable nature of blockchain, any transactions made on the Spectrum platform are transparent and cannot be altered, providing an extra layer of security for both buyers and sellers.
Spectrum's native token, SPT, has a current circulating supply of , with a total maximum supply of 1.4B.
Spectrum (SPT) can be purchased on several cryptocurrency exchanges. Please ensure to check on the for the updated list of exchanges where Spectrum (SPT) is currently available for trading. As always, remember to practice safe trading measures such as enabling two-factor authentication and keeping your crypto assets in a secure wallet to ensure their safety.
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