The native cryptographically-secured fungible protocol token of SpiritSwap (ticker symbol $SPIRIT) is a transferable representation of attributed utility functions specified in the protocol/code of SpiritSwap, and which is designed to be used solely as an interoperable utility token thereon.
As mentioned herein, $SPIRIT functions as the economic incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on SpiritSwap, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. $SPIRIT is an integral and indispensable part of SpiritSwap, because without $SPIRIT, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on SpiritSwap. Given that additional $SPIRIT will be awarded to a user based only on its actual usage, activity and efforts made on SpiritSwap and/or proportionate to the frequency and volume of transactions, users of SpiritSwap and/or holders of $SPIRIT which did not actively participate will not receive any $SPIRIT incentives. $SPIRIT will pre-dominantly be issued to incentivise provision of liquidity
$SPIRIT does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will $SPIRIT entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Singapore or any relevant jurisdiction. $SPIRIT may only be utilised on SpiritSwap, and ownership of $SPIRIT carries no rights, express or implied, other than the right to use $SPIRIT as a means to enable usage of and interaction within SpiritSwap.