What is Spectral?

The Spectral platform enhances blockchain efficiency by integrating AI, machine learning, and Web3 decentralization into a unified system. It leverages AI Agents and ML to support Web3 app development while ensuring secure, decentralized validation of on-chain AI activities. Operating autonomously with minimal human input, Spectral's inferchain facilitates seamless communication within its machine intelligence network.

Brief History of Spectral

Spectral, a financial software company based in New Rochelle, New York, was founded in 2020, with its machine learning network debuting on the mainnet in November 2023. Since then, it has launched several key innovations: Spectral Syntax Agent (March 26, 2024), Syntax MoonMaker (April 19, 2024), Syntax Onchain Explorer (May 17, 2024), and Agent Wallet (June 13, 2024). The company continues to develop projects outlined in its roadmap.

About Spectral Team

The Spectral team comprises 23 members, including co-founders and executives Sishir Varghese, Kevin Chio, and Srikar Varadaraj. The company is backed by 37 investors, including Circle Ventures, Foundation Capital, Franklin Templeton, General Catalyst, and Polychain Capital.

Advantages of Spectral

Spectral enhances blockchain usability and user experience by enabling natural language smart contract deployment and blockchain queries. It integrates AI, machine learning, Web3 decentralization, and blockchain for practical applications, boosting efficiency through automated on-chain tasks. Users can delegate repetitive tasks to AI Agents, focusing on more complex activities. Additionally, Spectral offers personalized interactions and 24/7 customer support for an improved user experience.

What is SPEC Token?

SPEC is the native token of the Spectral ecosystem. It also serves as the governance token of the protocol. By holding SPEC tokens, users can participate in ecosystem activities including decentralized governance, staking, and other internal financial settlements.

SPEC Token Use Cases

SPEC tokens serve the following use cases on the Spectral platform:

• Used for voting on governance proposals and smart contract upgrade

• Used to make payment for using Community Agents on Spectral Syntax

• Used as collateral settlement by Spectral Nova Validators

• Used to incentivize Agents’ creation on Spectral Syntax

Tokenomics

The tokenomics of SPEC token underscores its issuance, allocation, and distribution across stakeholders, with a total supply of 100,000,000 million SPEC.

Here’s a breakdown of the token allocation:

• 0.03% for public market supply

• 38% allocated to investors

• 29.7% was allocated to Foundation Treasury

• 22% was allocated to Team contributors

• 10.3% has been allocated for Airdrop