What is Specular?
WHAT WE ARE NOT
SPEK Token is not lending platform, we are however a limited supply ERC20 Token. The ICO will offer a supply of 3 million tokens. What we do offer is THE LONG HODL REWARD by holding your coins to gain more. The longer you hold the more coins you gain. A total of 3 million tokens will be available while holding.
How will it differ from conventional staking? Let’s say 1500 users sign up and buy tokens, each of these user start staking at 0.3% but lets say 100 investors withdraw, the percentage will then go up to giving investors who hold longer a higher percentage. The more investor’s who leave the higher the percentage for the long holders. This will continue till the last of the 3 million holding tokens are given out.