Where to Buy SpiritSwap?
You will need to purchase some FTM before you can swap it for SPIRIT. Not all crypto platforms offer FTM and you will want to choose a platform that is secure and has competitive fees. To save you trawling through all the platforms, we’ve already shortlisted the top platforms for buying FTM below.
Things to Consider When Buying SpiritSwap
It is always important to do your own research before making an investment. If you’re not sure where to start, here are some things about SpiritSwap that could affect its value.
Efficient Swaps. Although there are already a number of popular DEXs on Ethereum, the lack of scalability on Ethereum means that using these DEXs can be slow and expensive. SpiritSwap, however, leverages the more efficient Fantom network to facilitate fast and simple token swaps with low gas fees.
Cross-Chain Compatibility. SpiritSwap has a number of features that make it more than just a DEX. Its bridge means assets can be transferred over from other blockchains. There is also a Zap feature for instantly acquiring LP tokens, farms for earning yield on them, lending services, bonds, and Ape Mode for simplified leverage trading.
Token Benefits. There is a maximum supply of 1 billion SPIRIT, most of which will be distributed to SpiritSwap users as economic incentives. SPIRIT can be locked to obtain inSPIRIT, the protocol’s governance token that also entitles holders to higher farming rewards and swap fees. The demand for SPIRIT this creates, combined with the finite supply, could make SPIRIT more valuable as the project grows.
Want to find more hidden gems in the Fantom ecosystem? Check out our top 5 Fantom projects to invest in!