Yash Pitroda's Contact Details

Yash Pitroda's Company Details

Sperax

Menlo Park, CA, US • 20 - 49 Employees
Internet

Founded in late 2019, Sperax is a Silicon Valley based blockchain platform building modern money with blockchain technology. With the Sperax ERC-20 token SPA at its core, Sperax has built a hybrid stablecoin, USDs, that synergizes the two most widely-adopted stablecoin strategies crypto collateralization and algorithmic stabilization. As both a tool for wealth maintenance and growth, USDs will offer stable interest rates to all users. In addition to USDs, we are developing a suite of DeFi products that include synthetic assets and options powered by Sperax token. Our product will serve as a bridge for the world to access the crypto world all in one place! Our mobile app, Sperax Play, will serve as a one-click portal for the general masses to elevate their financial well-being through crypto products. In Sperax Play, you can mine XP points, bid on NFT pieces, team up with friends to increase rewards, unlock challenges, mint and redeem USDs, use Sperax synthetic assets, share your personal crypto investment & development updates, and more. More than a mobile app, cloud mining platform, or a wallet: Sperax Play is THE crypto community hub for everyone. Finally, we are also building a layer-one Proof of Stake native public blockchain powered by the IEEE award winning BDLS consensus mechanism that features high-throughput, shorter block finalization time and is EVM compatible. The PoS strategy hosts a community-driven ecosystem enabled through token bridges with other blockchains, a strategy outlined in Sperax's latest paper published by IEEE, Sperax: An Approach To Defeat Long Range Attacks in Blockchains.