Sphere Finance is a unique technology that provides $SPHERE token holders with unimaginable value. Sphere is developed into a self-contained protocol with lots and lots of incentives for its backers. It’s a new financial protocol that makes staking as simple as a transaction. SPHERE is ready to lead a DeFi revolution. #
SAP's $SPHERE token features automatic staking and compounding, as well as a market-fixed annual percentage yield (APY) of 99,900 percent and a daily return on investment of 1.91 percent. Sphere Finance currently broke 7200 holders and a newETH of 0.018 which is almost 4✖6 from launch. Sphere is also working on a bridge to the BSC and also to get liquidity from the BSC to polygon to gain more governance. Amazing huh?
Things in Crypto are accelerating and changing very quickly and sphere will adjust strategies accordingly! On the first quarter of 2022, we will have a unique Presale 1 on Sphere's website, followed by a unique Presale 2 on Sphere's website, a transfer contracts owner to Protocol's multisig wallet, Listings, Audit at CertiK, YouTube Marketing Campaign, AMAs with various communities, Darkmode for web app, Web app - Graph on Dashboard, and research on more ways to acquire more governance tokens in a more efficient way. On Quarter two of 2022, we will see Dashboard 2.0, marketing campaign 2.0, the Blackhole, gravity Bridge, quantum Liquidity, revolutionizing how LPs work, further Governance Acquisitions, binary Rebasing, Dyson V2, Galactic Bonds, and Wormhole Zapping. And in the third quarter of 2022, we will see creation of NFTs with Utility. Al this can be found of the Sphere roadmap documentation, we will live a link below.
Currently, obtaining the Sphere is very difficult. They don't have it in the Coinbase app and Coinbase Wallet. But don't worry; we are here to assist you in finding a means to get Sphere Finance. First, you can check CoinMarketCap to learn where and with which currencies you can acquire Sphere Finance. CoinMarketCap gives a list of purchasing possibilities for each cryptocurrency (also known as market pairs). Search for Sphere Finance on CoinMarketCap. Near the price chart, press the "Market" button. This view displays a complete list of where you can buy Sphere Finance as well as the currencies that can be used to do so. Under "Pairs," you'll see the Sphere Finance abbreviation, SPHERE, as well as a second currency. The second currency is the one with which you can buy Sphere Finance. Look for SPHERE/USD if you want to buy SPHERE using the US Dollar. Then, you have to decide on a purchasing platform. The levels of security, reliability, and liquidity on different platforms vary. Do your homework before opening an account. Lastly, make a purchase on the platform of your choice. Every platform has its own approach to things. Some platforms are quite simple to use, while others are not. In general, buying crypto with a fiat currency like the US dollar is easier than buying it with another cryptocurrency. If you need to buy Sphere Finance using another cryptocurrency, you'll need to first build a Sphere Finance-compatible crypto wallet, then buy the first currency and use it to buy Sphere Finance on the platform of your choice. Most platforms have guides if you get stuck. If they don't, there is a thriving community of crypto aficionados who have undoubtedly released guides on YouTube, Twitter, and other social media platforms.
To join the Sphere Finance Discord Server, go to Discord on the Sphere Finance website and join the Sphere Finance community, where you can communicate with more than 12,900 other people for free. There is also a Telegram group where you can stay up to speed on Sphere Finance news. It’s known as Sphere Finance. Note that admins will never send you a direct message before you do! So do not be tricked by fraudsters. It has never been easier to stake a claim!
The Sphere team is striving to make SPHERE games a deflationary APY game. They also have beta running on Sphere games and 10 of the lucky winners who put their tokens in the pool will be paid rebases 89% of it. 1% is for charity wallet and the last 10% will be burn’t. And this is thanks to Chainlink and their Oracle technology. All of this information may be found in the SIP part of the discord. There's also a wrapped token on the table. Many protocols require governance tokens to vote on how much liquidity goes where and would gladly pay holders of governance tokens to vote for them. This is referred to as a bribe. Given how frequently votes are held, the amount of money awarded to holders is practically obscene. A total of $19 million was transferred to escrowed Curve holders at one point. The sole disadvantage to escrowing your tokens and holding these governance tokens is that they are normally locked for a period of time, sometimes up to four years. The team has addressed this by collaborating with Tetu Finance, which stores governance tokens and offers a receipt token for them (like with Qi and TetuQi). They invest in their tokens and compound them so that they have governance over Tetu, and Tetu has governance over QiDAO. This is the matroyshka principle in action. Smaller tokens are seizing control of larger projects in order to participate in the governance of larger protocols. This is the current order, from smallest to largest, and it starts with QiDAO, then Sphere Finance, and Tetu Finance.
Everyone benefits from the process because if the sphere is performing well, we can put more money into Tetu, which will allow them to put more money into Qi, which will pay more dividends to Tetu, and that’s more dividends to us. SPHERE FINANCE will also be going crosschain in the future to Binance, where you will be able to bridge your funds to and from Binance with just three clicks.
Keep those hands clean on TikTok to show off your support for the campaign! If you do, you can win up to $2.5k in $SPHERE! All you have to do is take a video of yourself washing your hands while presenting Sphere Finance. Then add the hashtags #cleanestproject, #crypto, and #defi" on YouTube or TikTok. The best shorts take home the prize. (And yes, you can win with more than one Short Video!) It’s a competition and, like everything else done at Sphere. It doesn’t get any simpler. The only stipulation is that you remember to record it and email it to us! That's all there is to it!
Sphere Finance has so many benefits, and we can’t cover all of them, but we can mention a few. The first advantage or benefit is Simplicity. Auto-staking is already taking place in your wallet when you acquire $SPHERE. You are not required to use the Sphere website at all. You are automatically eligible for Rebase perks as soon as you acquire $SPHERE. In DeFi, Sphere is the most user-friendly auto-staking system. The second benefit is Power. Because APYs vary between protocols, it's hard to say how many tokens you'll get in a particular period of time. The daily fixed rate of 1.91 percent, or 99,900 percent yearly interest rate, is paid by SAP to $SPHERE holders. The third advantage is Harmony. Other popular staking systems payout every 8 hours. Sphere's automated staking mechanism pays out every 30 minutes, or 48 times each day.
The fourth benefit is Effort. The team is driven by a strong desire to succeed. The Sphere team is made up of people that have previously worked with significant protocols and know-how to gain liquidity in order to obtain even more liquidity. Essentially, your funds are used to generate further funds for the protocol and, ultimately, for you as an investor. That means with Sphere; it is Yield after yield after yield. Sphere uses the power of crowds to enhance each investor's return.
The fifth benefit is Security. Security is a priority for Sphere, unlike other protocols. This means that the initial sales deal should provide the least risk to investors. Have you ever witnessed dubious processes siphoning off hard-earned cash from investors? The Sphere team despises them as well; that is why they have followed the strictest safety guidelines. In addition, the Sphere website is well-protected. Simply said, they don't host the front end of their protocol on a single server; instead, they host it across hundreds of servers to assure a lightning-fast performance, top-notch security, and top-notch DDoS mitigation, courtesy to their friends at Cloudflare.
One more benefit is Emissions. But how can the Sphere team release that many tokens without their value plummeting into the infinite abyss that is 0? Well, they have established a taxation system in which the percentage of these variables must not exceed 20%. The tax fees are separated within the protocol and used for various purposes. And that’s all for today, what do you think about the Sphere project? Do you think the project has the potential to make you money? Comment below, let’s Engage!
Also, be sure to check out our Crypto Brand called CRYPTOPRNR to get yourself the highest quality Crypto Merch available right now on the market (link in description), and also make sure to subscribe so that you don’t miss out on any of our content. Till next time, Goodbye