Splendor Coin (SPL)
www.splendor.org (opens in a new tab)
What is SPL (Splendor Coin)?
SPL is the native coin of the Splendor Blockchain and the evolved version of Bitcoin, it is used for transaction fees, governance, and as collateral for minting XDR.
What is the significance of the 21 million total supply of SPL?
The 21 million total supply of SPL emphasizes scarcity, aligning with the principles of its predecessor Bitcoin.
How does the mining reward structure contribute to the value of SPL?
The mining reward structure, with 3.125 SPL every 10 minutes, reinforces the scarcity of SPL, contributing to its value as a digital asset.
Can SPL be traded on external cryptocurrency exchanges?
Yes, SPL can be traded on various external cryptocurrency exchanges, providing liquidity and accessibility to a broader audience.
Is SPL divisible, and if so, to what extent?
Yes, SPL is divisible, with each unit being as small as one Toshi, allowing for flexibility in transactions and usability.