# $SPEC Token

* **Blockchain:** Ethereum Mainnet
* **Symbol:** $SPEC
* **Supply:** 10M
* **Tax:** 5% Buy/Sell
* **Ownership:** Renounced

$SPEC, Spectrum's native token is on the Ethereum Mainnet, with a fixed supply of 10 million tokens. Every unit of $SPEC is already in circulation, leaving no room for additional emissions and ensuring stability. Transactions involving $SPEC incur a 5% tax, serving dual purposes: a portion funds marketing strategies, while the remainder fuels the evolution of innovative marketplaces within the Spectrum ecosystem. Understanding the absence of a transfer tax becomes crucial, as it aligns with the objective of enhancing user experience and facilitating smooth token movement within the dynamic ecosystem. Ownership over the contract address has been renounced, reinforcing the project's commitment to transparency and decentralization.
