Smarty PayPrice(SPY)
Details Smarty Pay (SPY) Price information (USD)
The current real-time price of SPY is $0.0002. In the past 24 hours, SPY has traded between $0.0002 and $0.0002, showing strong market activity. The all-time high of SPY is $0.4050, and the all-time low is $0.0{4}1229.
From a short-term perspective, the price change of SPY over the past 1 hour is
Smarty Pay (SPY) Market Information
Smarty Pay (SPY) Today's Price
The live price of SPY today is $0.0002, with a current market cap of $0. The 24-hour trading volume is 38.56. The price of SPY to USD is updated in real time.
Smarty Pay (SPY) Price History (USD)
What is SMARTY PAY (SPY)?
When is the right time to buy SPY? Should I buy or sell SPY now?
Before deciding whether to buy or sell SPY, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s SPY technical analysis can provide you with trading references.
Future price trend of SPY
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for SPY.
How much will SPY be worth tomorrow, next week, or next month in ? What about your SPY assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! SPY Price Prediction
How to buy SMARTY PAY (SPY)
Convert SPY to local currency
SPY Resources
To learn more about SPY, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
binance-smart-chain | 0xfcb0...bbbff0  | 16.383M | 24.89% |
binance-smart-chain | 0x0e58...42dae3 | 13.736M | 20.87% |
binance-smart-chain | 0x17fd...f2aba1 | 7.386M | 11.22% |
binance-smart-chain | 0x71f0...784fa0 | 5.000M | 7.6% |
binance-smart-chain | 0xc115...795958 | 4.004M | 6.08% |
Other | 19.311M | 29.34% |
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SMARTY PAY (SPY) FAQ
What is Smarty Pay (SPY)?
Smarty Pay (SPY) is a decentralized, over-collateralized stablecoin native to its blockchain, designed to maintain a stable peg to the US Dollar. It is generated when users deposit collateral assets into a smart contract vault. The Smarty Pay protocol itself is a dual-purpose platform for minting and managing SPY. It was launched in July 2021 by an Indonesian development team.
What is the purpose or use case of Smarty Pay?
Smarty Pay aims to bridge the gap between offline and online transactions, particularly in the retail sector, using its point-of-sale (POS) systems. This enables the SPY token to be used for diverse transactions, boosting its adoption and circulation. It also supports community welfare initiatives and Small and Medium Enterprises (SMEs).
How does staking SPY work and what are the rewards?
Staking SPY involves depositing it into the Stability Pool, which helps absorb debt from liquidated collateralized debt positions. Stakers receive rewards from liquidation gains and ongoing SPY token emissions. The Annual Percentage Yield (APY) is variable, fluctuating based on liquidation events and token emissions. Rewards must be manually claimed and redeposited for compounding, and gas fees apply to claims. There is no lockup period, allowing withdrawals unless a liquidation is in progress.
Is staking SPY safe?
Smarty Pay has undergone security audits, which is an important step in mitigating risks. However, like all decentralized finance (DeFi) protocols, it inherently carries certain risks. These include potential vulnerabilities in smart contracts and the possibility of economic exploits. Users are consistently advised to conduct their own thorough research and understand these inherent risks before participating.
What are the main risks associated with Smarty Pay?
The primary risks associated with Smarty Pay involve potential smart contract vulnerabilities, which could lead to unforeseen issues or exploits. Another significant risk is liquidation. During a liquidation event, staked SPY tokens can be automatically converted into collateral assets. This means users providing SPY to the Stability Pool could see their SPY balance reduced as it's used to cover system debt.
Can Smarty Pay be bought on centralized exchanges?
Smarty Pay cannot be purchased directly on most major centralized exchanges. Instead, it can typically be acquired through a compatible Web3 Wallet and a decentralized exchange (DEX). Users often need to connect their Web3 Wallet to a DEX that supports SPY and swap other cryptocurrencies for it.
