> For the complete documentation index, see [llms.txt](https://spredict.gitbook.io/whitepaper-v1/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://spredict.gitbook.io/whitepaper-v1/usdspi-token.md).

# $SPI Token

Initially, Spredict was called Defi All Odds, as we wanted to “Defy the odds'' in the manner sports fans or gamblers participated in sports gaming events. The initial smart contract was built on the Ethereum mainnet to be the most inclusive in the crypto sphere, because Ethereum is known by everybody who is in the cryptocurrency market. 

After a successful launch of our product, the market shifted and transaction fees became unsustainable. Due to the high gas fees, it was economically not possible to provide rewards for all players, which has always been a foundation of the project's mission and vision. 

After a deep analysis of the situation and according to the long-term development strategy of the Spredict project, the team has decided to launch a new token, $SPI, on Abstract, a consumer-focused EVM L2, to bring more rewards to the players and more incentives to speculators, stakers, and liquidity providers. 

<figure><img src="/files/yXwuQfLxsryI3dMdOkNP" alt=""><figcaption><p>$SPI logo</p></figcaption></figure>

### $SPI Info <a href="#usdbcb-info" id="usdbcb-info"></a>

**Contract Address** - TBA

**Dextools** - TBA

**CoinMarketCap** - TBA

**CoinGecko** - TBA

{% hint style="info" %}
*Spredict \~ $SPI Team will **NEVER** contact you asking for money, for a seed phrase, your private key, or any sensitive information. Please report any requests for this information.*
{% endhint %}


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