Spaar Litepaper
What is Spaar?
Spaar is a web3 savings platform that aims to provide an easy to use environment that creates an opportunity not only for crypto natives, but also for non natives to exploit Anchor Protocol’s 20% stable APY on the $UST stablecoin in a simplified way.
We are going to achieve this by building an environment where after a successful KYC, any user can start earning high yields on there deposits within just a few minutes.
We are going to be the easy to use savings hub for Europeans.
How do we aim to achieve this?
We will be making use of the Artemis on/off ramp that we are building, this allows for your deposits to be swapped into $UST and be put into Anchor earn within a matter of minutes (Depending on payment method used when depositing). Artemis will start off with supporting most major payment methods in The Netherlands and Belgium (iDeal, BanContact, Revolut, MasterCard/Visa & Bank transfer ).
This will allow for users to have a seamless experience while on/off ramping funds through the Spaar environment.
In what countries will Spaar be active upon its launch?
Spaar will first launch in The Netherlands, after which we will be adapting our technology to launch all over Europe.
Features
The Spaar environment will come with an array of features, here are some of the features that we can currently confirm:
Spaarpotjes (Savings jar)
Here you can divide your deposits and earned yields into multiple savings jars.
Cadeautjes (Gifting)
As Artemis is integrated into the Spaar environment, we will be able to make use of its payment requesting technology. You can create a custom gifting request where you can generate a link, which can then be paid through the Artemis Payment Portal with any supported payment method.
Seamless on-ramping
We will be able to support instant on-ramping through the Artemis integration, depending on what payment method is used.
Seamless off-ramping
With the Artemis integration Spaar will be able to use its off-ramping technology to its advantage, we will be able to process off-ramping requests into your bank account within 1–3 business days.
$SPAAR Tokenomics
Below is a pie chart detailing the $SPAAR token distribution.
- Team/founding members: 100.000.000, 15% on TGE, 1 month cliff & 18 months monthly linear.
- Private sale: 80.000.000, 20% on TGE, 1 month cliff & 12 months monthly linear.
- Public sale/IDO: 80.000.000, 25% on TGE, no cliff & 10 months monthly linear.
- Marketing: 40.000.000, 30% on TGE, no cliff & 8 months monthly linear.
- Liquidity: 32.000.000, 50% on TGE, no cliff & 8 months monthly linear.
$SPAAR Utility
Staking
You will be able to stake your $SPAAR tokens on the crypto native side of the Spaar platform.
100% of the fees collected on the Spaar platform will go towards stakers.
$UST — $SPAAR Liquidity pool
On the crypto native side of the Spaar platform you will be able to provide liquidity in $UST, the provided $UST will be used for the on ramping mechanism that we will be using.
Liquidity providers will be rewarded in $SPAAR tokens.
Governance
$SPAAR stakers will also be able to participate in governance of the Spaar platform, while we won’t be able to fully decentralise platform we are trying to make Spaar as decentralised as possible.
A small percentage of the yield we take as revenue will be sent to a pool that only the Spaar community has access to.
More information about this TBA…
Expansions in Europe
As the core concept of our technology can be adapted for any country in Europe, we will be expanding all over Europe after our initial launch in the Netherlands. (Every expansion will be announced on our social media channels)
Revenue model
Spaar will be generating revenue by taking a small percentage of the yield that is earned through deposits on our platform. We also generate revenue from transaction fees, but 100% of these fees will be distributed to $SPAAR stakers.
Roadmap
The roadmap for 2022:
Q1 ’22:
- Finalize legal side and get every necessary license to be able to deploy Spaar in the Netherlands and Belgium. ( We can’t confirm nor deny this, but nearly everything is finalized. )
- Finalize private sale of the $SPAAR token.
- Release Spaar whitepaper.
- Launch the Spaar educational programme.
- Start development of the Spaar platform.
Q2 ‘22:
- Start rolling out Beta versions of the Spaar platform to loyal community members.
- Start the marketing process in the Netherlands.
- Launch the standalone Artemis application.
Q3 ’22:
- Launch the Spaar platform in the Netherlands
- Start the expansion process for different countries in Europe.
- Finalize the Belgian Spaar platform.
- Start the marketing process in Belgium.
Q4 ‘22:
- Launch Spaar in Belgium.
- Announce mulitple expansions within Europe.
More coming in the full whitepaper…
