Question 1

What is the current price of Spendcoin (SPND)?

Accepted Answer

As of today, the price of Spendcoin is XRP 0.00234565 with a 24-hour trading volume of 23.5. The price has increased over the past 24 hours.

Question 2

What Is Spendcoin (SPND)?

Accepted Answer

Spendcoin is a decentralised cryptocurrency at the heart of Spend.com's ecosystem of products. It fuels the operations of two financial services products – the Spend App and the Spend Card, which enable users to manage a variety of fiat and digital assets/currencies. Users of these products can buy, sell, store and exchange the supported currencies within the app. The Spend App is compatible with iOS, Android and Web-based devices. Apart from these, Spendcoin also proffers a MasterCard-accepted prepaid debit card that allows users to transact with fiat-based currencies.

Question 3

Who Are the Founders of Spendcoin?

Accepted Answer

The Spend Foundation is behind the inception of Spendcoin but the identity of their team is not disclosed on their website or in any public resource. This organization also plans to launch an educational platform called Blockchain University and an open-source blockchain named Cross Ledger in 2019. Spendcoin is planned to be the native digital currency powering these platforms.

Question 4

How does Spendcoin work?

Accepted Answer

Spendcoin underpins a myriad of financial services and applications within the Spend.com ecosystem. In the Spend App, users can utilize Spendcoin to conduct a variety of functions like buying, selling, storing, managing, and exchanging digital and fiat currencies. Spendcoin is also credited on the Spend Card, allowing users to make fiat-based transactions where MasterCard is accepted. With the advent of the Blockchain University and Cross Ledger, Spendcoin is likely to expand its utility to these platforms, rewarding users who contribute to the educational ecosystem.

Question 5

What Makes Spendcoin Unique?

Accepted Answer

Spendcoin's primary distinction is its incorporation into the Spend.com ecosystem which allows users wide-ranging capabilities to manage digital and fiat currencies. Its usability across a varied range of devices—iOS, Android, and web-based—adds to its accessibility potential. Furthermore, Spendcoin's planned integration into an educational platform—Blockchain University—and an open-source blockchain—Cross Ledger—will enhance its role in incentivizing learning and contribution in these systems.

Question 6

How does the Proof-of-Support model work in Spendcoin's platform?

Accepted Answer

Proof-of-Support is a hybrid delegated proof-of-stake consensus model that the Spend Foundation is planning to deploy in the Blockchain University and the Cross Ledger systems. It will promote a learning-based ecosystem where those users who support and answer questions in a Quora-like system will be rewarded with Spendcoins. This model is designed to foster an environment of shared knowledge and continuous learning with tangible incentives.

Question 7

How Much Spendcoin (SPND) Is in Circulation?

Accepted Answer

Currently, there are 953.7M Spendcoins in circulation out of the total supply of 4.0B.

Question 8

Where Can You Buy Spendcoin (SPND)?

Accepted Answer

You can purchase Spendcoin (SPND) on the following exchanges: OKEx, UPbit, KuCoin, Bittrex. However, it's always recommended to thoroughly research and select a reputable exchange that guarantees the security of your investment while providing a seamless user experience.

Question 9

How to Keep Your Spendcoin Safe?

Accepted Answer

Keeping your Spendcoin safe involves following standard cryptocurrency safety procedures. Always ensure that you keep your private keys secure and never share them with anyone. Enable two-factor authentication on your crypto wallets and trading platforms for additional security. Always transact on trusted platforms and caution is advised against sharing sensitive information online. Remember, the safety of your cryptocurrency largely depends on your online practices and awareness.

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