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            <title><![CDATA[Why is Spectrum So Weird?]]></title>
            <link>https://paragraph.com/@sprm/why-is-spectrum-so-weird</link>
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            <pubDate>Thu, 30 Nov 2023 23:47:41 GMT</pubDate>
            <description><![CDATA[At first glance the implementation of Spectrum leads most to believe things went awry in development. Multiple analysis tools and chart display functions malfunctioned. This was no accident, however.Dex Tools Chart of $SPRM At the time of writing this article, the Dex Tools website is unable to display the price of Spectrum. This is mostly because, according to the ERC20 standard, Spectrum has 27 decimals, which is much higher than the normal amount.Dexscreener&apos;s price calculations With ...]]></description>
            <content:encoded><![CDATA[<p>     At first glance the implementation of Spectrum leads most to believe things went awry in development. Multiple analysis tools and chart display functions malfunctioned. This was no accident, however.</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/dd7b03fd64bf87aa8eb25e258ef776fa4a26dcb20d556029dc29035bdee0ff26.png" alt="Dex Tools Chart of $SPRM" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="">Dex Tools Chart of $SPRM</figcaption></figure><p>     At the time of writing this article, the Dex Tools website is unable to display the price of Spectrum. This is mostly because, according to the ERC20 standard, Spectrum has 27 decimals, which is much higher than the normal amount.</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/5a2bae50509e4872772bff0351db5acb2f164de2e12d2ef43ce6535823409c6a.png" alt="Dexscreener&apos;s price calculations" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="">Dexscreener&apos;s price calculations</figcaption></figure><p>     With this decimal specification price calculations become absurdly high. This was intentional. With Spectrum, there is no price.</p><p>     Due to this and the difficulty understanding Spectrum balances, I formally introduce Sperg. <strong>1 SPRM</strong> is equal to <strong>10e27 Sperg</strong>. One <strong>sperg</strong> is the smallest denomination of <strong>SPRM</strong>. This term will gradually be introduced to analysts’ tools built and created specifically for Spectrum.</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/83fe468fa39b2fe990f8c2fa3598838a16f9fe061b0aafff415d2ce79d41221c.png" alt="Example Buy" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="">Example Buy</figcaption></figure><p>          Another purposeful implementation is the <em>max transferable</em> amount. This amount is set at a hard-coded amount of <strong>174747670</strong> <strong>Sperg</strong>. Based on the current trading price of SPRM this max amount will fluctuate. The higher the price of one max buy, the higher the price of Spectrum. This limit minimizes enormous price swings in both directions.</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/ee67e789c3d9af9c5ca1763258b8193c7dce8a1929f202cff091916b1c637713.png" alt="Preventing immutable repository transfers" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="">Preventing immutable repository transfers</figcaption></figure><p>     Another check performed on token transfers is preventing the Immutable Repository from transferring tokens out of their wallet. If the Immutable Repository tries to do that then the revert message <code>Retain()</code> with be returned. This effectively makes it a burn address and in fact, has already had tokens burnt into it.</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/f1b772b531dbd44c9907efcb1d265a9b0f27bfc772d9764d7bca08920edfa4af.png" alt="Token minting, denominated in Sperg" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="">Token minting, denominated in Sperg</figcaption></figure><p>     In regards to the total supply of Spectrum there a couple of important points. Firstly, the coin deployer, <code>sprm.eth</code> or the Immutable Repository, was minted an amount that approaches the max bit size value for an unsigned 256-bit integer. In other words, the amount minted approaches the max possible total supply defined by the ERC20 standard. This number is concatenated with the first twenty or so iterations of the Fibonacci sequence. Once no more Fibonacci numbers can be concatenated due to the max value, we arrive at the amount minted. Secondly, a circulating supply is minted. This circulating supply is the first several numbers of the golden ratio. Disregarding any decimal notation, the Fibonacci allocation amounts to 1.1235813e78 and the circulating supply to 1.61803e11.</p><p>     With this supply definition the Immutable Repository becomes the richest Ethereum actor, valued in Spectrum. These tokens are permanently locked. Thus, we get the name Immutable Repository.</p><p>Signed,</p><p>The Ultimate Retainer</p>]]></content:encoded>
            <author>sprm@newsletter.paragraph.com (sprm.eth)</author>
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