Question 1

What is SPO?

Accepted Answer

SPO is a governance and utility token designed by Spores Network for its NFT- and DeFi-related platform. Its role is not to represent equity in the project company, but to serve as a token tool for participating in platform governance, receiving certain platform-fee discounts, and participating in ecosystem incentive arrangements. Accordingly, SPO's uses depend on whether the platform or integrated mechanism actually provides the relevant functionality; holding the token itself does not mean automatically receiving rewards, returns, or rights to corporate assets.

Question 2

How does SPO participate in governance?

Accepted Answer

SPO's governance design uses the amount staked as voting weight: after users stake SPO under the governance mechanism, the greater the staked amount, the greater their voting weight on proposals related to platform functionality. This right concerns governance arrangements for platform functions or parameters, rather than a corporate board, profit distributions, or operational control. SPO that has not been staked under the applicable mechanism should not be regarded as having formed this governance voting right.

Question 3

What activities may be associated with SPO incentives?

Accepted Answer

Project materials use SPO incentives to encourage specific ecosystem activities, including NFT creators minting content, counterparties completing trades, and participants providing liquidity for relevant transactions. Rewards are not triggered by simply holding tokens, but are related to the incentivized conduct and the rules in effect at the time. For example, liquidity providers must first supply tradable assets to the relevant trading mechanism before trading activity may use that liquidity; creators or traders must meet the participation conditions specified by the activity or protocol. Specific eligibility, periods, and reward amounts are subject to the rules of the applicable mechanism.

Question 4

What is the purpose of using SPO to pay fees?

Accepted Answer

SPO is designed to be used to pay platform fees and receive fee discounts. In practice, platform fees otherwise generated by operations such as auctions, swaps, or exchanges may, where permitted by applicable rules, be paid using SPO and receive discounts according to the relevant rules. The final cost still depends on the transaction type, the published fee rate for that service, and whether that operation meets the discount conditions; “discounts may be available” does not mean that all platform operations use the same rate or necessarily qualify for a discount.

Question 5

Does holding SPO mean holding equity in the company?

Accepted Answer

No. SPO is a platform utility token and does not grant holders rights to corporate equity, revenue, assets, dividends, or liquidation distributions. The whitepaper also states that SPO does not promise redemption for cash or other assets at any equivalent amount. Therefore, platform governance or fee-related uses cannot be understood as rights in a stock, debt instrument, or redeemable investment product.

Question 6

What other platform interactions can SPO be used for?

Accepted Answer

In addition to governance and fee uses, the materials also list NFT-related subscriptions, liquidity mining, staking, and using SPO in collateralized lending scenarios as possible interaction directions. These describe use cases that the platform or integrated protocols may provide, not fixed functions automatically available to every holder. Implementation of these scenarios depends on whether the specific product has been integrated, the relevant smart-contract rules, and whether the user meets participation conditions; in particular, staking, liquidity, and lending are distinct mechanisms and should not be treated as equivalent.

Question 7

What practical effect does staking SPO have?

Accepted Answer

In SPO's governance design, the direct effect of staking is to create governance voting weight corresponding to the amount staked. In other words, staking here primarily serves governance participation, rather than a source of fixed returns promised by the materials. If a user participates in other staking or incentive arrangements, lock-up periods, exit conditions, and whether rewards exist must be determined separately by that arrangement. During staking, users may also be exposed to token price changes, smart-contract execution, and limited liquidity.

Question 8

How does liquidity provision relate to SPO?

Accepted Answer

Liquidity providers contribute assets available for swapping to a trading mechanism, enabling other users to complete transactions; project materials list providing liquidity for SPO-related transactions as a way of participating that may receive ecosystem incentives. Liquidity rewards and governance staking are not the same: the former centers on providing assets for trading, while the latter centers on obtaining governance weight. When providing liquidity, participants are also affected by price changes in the assets supplied and by the rules of the specific trading mechanism.

Question 9

Is SPO a principal-protected or fixed-income product?

Accepted Answer

No. SPO is publicly positioned as a platform governance and utility token, not as a product promising principal protection or fixed returns. Project materials do not grant rights to company earnings, dividends, asset distributions, or redemption for a fixed amount; therefore, governance rights, fee discounts, or participation incentives cannot be understood as commitments of principal protection or fixed returns.

Question 10

What is the relationship between NFTs and SPO?

Accepted Answer

Spores' token design targets an NFT- and DeFi-related ecosystem: creator minting and trading activities on the NFT side may be participation behaviors covered by incentives, while SPO serves as a governance, fee, and incentive tool in those platform interactions. NFTs themselves are generally used to identify non-fungible digital content or collectibles; holding SPO does not mean acquiring ownership of a particular NFT. Their relationship lies in the platform ecosystem and possible usage flows, rather than one-to-one asset rights.

Question 11

Can SPO be used for collateralized lending?

Accepted Answer

Project materials list SPO as one of the assets that may be used for DeFi collateralized lending interactions, but this does not mean that SPO holders can necessarily borrow or obtain loans on fixed terms. In actual collateralized lending, users first provide assets as collateral under protocol rules and then borrow other assets against them; the borrowable amount, interest rate, collateral ratio, and liquidation-trigger conditions are all determined by the specific protocol. If a decline in SPO's price causes insufficient collateral, the relevant mechanism may dispose of the collateral according to its rules.

Question 12

What should be noted before using or holding SPO?

Accepted Answer

Before using or holding SPO, users should confirm that the token network, contract address, fee rules, and functional conditions displayed by the service they use are consistent with one another, because the trading, staking, liquidity, or lending functions available through different services are not the same. Users should also distinguish between holding tokens, governance staking, providing liquidity, and collateralized lending: these involve different operations and conditions, and may respectively involve price volatility, smart-contract, liquidity-constraint, or liquidation risks.

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