How and Where to Buy Spume Protocol (SPUME) – Detailed Guide
- What is SPUME?
- Step 1: Register on Fiat-to-Crypto Exchange
- Step 2: Buy USDT with fiat money
- Step 3: Transfer USDT to an Altcoin Exchange
- Step 4: Deposit USDT to exchange
- Step 5: Trade SPUME
- Last Step: Store SPUME securely in hardware wallets
- Other useful tools for trading SPUME
- Frequently Asked Questions
- Latest News for SPUME
- SPUME Price Prediction and Price Movement
What is SPUME?
What Is Spume (SPUME)?
The Spume Protocol is an end-to-end transactional layer that facilitates payment infrastructure for physical and digital non-fungible token assets on the Ethereum blockchain. The Spume Protocol will enable anyone to build branded and personalized NFT marketplaces complete with on-chain payment processors while being able to tokenize both physical and digital assets. These can include but are not limited to: digital/physical art and real estate, intellectual property and its licensing, patents, and luxury goods. This opens the Spume Protocol up to all specific industries and allows users to conduct tokenized asset finance efficiently and efficiently. Spume sees a future where branding is scalable via distribution channel partners, thus allowing brands/influencers/gaming ecosystems and other industries to implement end-to-end customized & branded non-fungible asset commerce.
The SPUME utility token powers the Spume ecosystem in the following ways:
Revenue Sharing: Holders of the $SPUME Token will have all marketplace revenue in the form of 0-5% of transaction fees be distributed to them prorated to how many tokens they hold.
Staking: Users that stake SPUME will have a chance to earn additional tokens via the given APY while also becoming eligible to vote on platform features through the Spume voting portal
Ecosystem-Wide Fee Discount: Fees** paid with SPUME across any partner platform including the Spume Marketplace, will be eligible for a discount based on the amount of tokens held within a user wallet
Spume DAO: SPUME will power the Spume DAO which will be the governing body that will facilitate all Spume Protocol, Marketplace and all Partner Platform development/ operation beyond 2022
External Vendor Incentives: Fees and/or subscriptions paid by NFT projects, advertising partners, brands using the drag and drop NFT storefront creator in SPUME will be eligible for price discounts along with getting exclusive access to Spume Analytics
Spume’s marketplace functions and utilities include:
NFT Marketplace Aggregator: The Spume Marketplace is powered by the Spume Protocol. It is a marketplace aggregator that collectively aggregates all tokenized asset and branded NFT marketplaces built using the Protocol itself (3rd party integrations).
Multi-Asset NFT Trading: The Spume Marketplace can trade any type of tokenized asset on the platform; both natively and via 3rd party integrations. Initially, the marketplace will support digital collectibles/art trading natively.
Multi-Chain Compatible and Cross Chain Enabled: The Spume Marketplace will provide support for all EVM enabled blockchains - beginning with Ethereum including cross chain NFT trading.
Instantaneous Royalties: All payments are done in an instantaneous manner upon the sale and/or use of the respective NFT. Royalties where the applicable are paid in the native currency specified by the owner.
Community Governed and Owned: The native marketplace is owned by the community, based on the distribution of the Spume utility token. Balanced governance will allow holders to both vote and put forth proposals to be voted by the community in a fair and equitable manner.
Proprietary Asset Valuation System: A true valuation system that combines fiat banking with meaningful tools to collateralize NFT's. This is accomplished by working with art, data and brand value appraisers(IP rights) to create a seamless valuation process.
How Many Spume tokens Are There in Circulation?
The spume token is an ERC-20 token with a total supply of 100 million and 18 decimal places. The token is an implementation of Open Zeppelin’s standard ERC-20 token, with the addition of their snapshot class. There will be 15 million Spume tokens in circulation out of the 100 million.
Who Are the Founders of Spume?
The founders of Spume are Silas Marvin and Beauregard Moody.
Silas Marvin leads everything with technology; with a Bachelors in Computer Science, Silas has been involved with Crypto for the last 2 years studying and developing in all of the most prominent languages and frameworks. Before working with Spume he worked as a consultant for Crypto Investment funds looking for a better understanding in the technology behind their investments. An expert in solidity, javascript, and graphql, Silas is the driving force behind our platform.
Beauregard is in charge of the overall direction of Spume and provides advisement in all aspects of the project. Over the last five years, he has been involved in managerial roles in four major blockchain projects on Cardano, Ethereum, and Bitcoin. Some of his roles have included: Head of Marketing, Compliance Director, and CEO. With a Bachelor’s degree in Political Science from Pepperdine University, his speciality remains in guiding Spume through the complicated and ever-changing area of regulation and compliance on a global level.
There are multiple other executive advisors as well as our community relation managers that can be seen on our website at spume.io.
Where Can I Buy Spume (SPUME)?
Spume will be tradeable for the first time on a top five centralized exchange on August 29th, 2022 at 2PM UTC. After the launch, a DEX pool will be created and multiple other top tier exchange listings will follow. Stay up to date on exchange listings by visiting our site: spume.io
SPUME was first tradable on 11th Apr, 2022. It has a total supply of 100,000,000. As of right now SPUME has a market capitalization of USD $84,813.74. The current price of SPUME is $0.000848 and is ranked 2315 on Coinmarketcap and has recently surged 17.87 percent at the time of writing.
SPUME has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying USDT from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy SPUME.
Step 1: Register on Fiat-to-Crypto Exchange
You will have to first buy one of the major cryptocurrencies, in this case, USDT (USDT). In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best.
Select Fiat-to-Crypto Exchange for details:
- UpHold
Being one of the most popular and convenient fiat-to-crypto exchanges, UpHold has the following advantages:
- Easy to buy and trade among multiple assets, more than 50 and still adding
- Currently more than 7M users worldwide
- You can apply for UpHold Debit card where you can spend the crypto assets on your account like a normal debit card! (US only but will be in the UK later)
- Easy to use mobile app where you can withdraw fund to a bank or any other altcoin exchanges easily
- No hidden fees and any other account fees
- There are limited buy/sell orders for more advanced users
- You can easily set up recurring deposits for Dollar Cost Averaging (DCA) if you intend to hold cryptos long term
- USDT, which is one of the most popular USD-backed stablecoins (basically a crypto that is backed by real fiat money so they are less volatile and can be treated almost as the fiat money it's pegged with) is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don't have to go through another currency conversion while you buy the altcoin.
Type your email and click 'Next'. Make sure you provide your real name as UpHold will need it for account and identity verification. Choose a strong password so that your account isn't vulnerable to hackers.
You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.
Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.
Step 2: Buy USDT with fiat money
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.
Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose USDT, click preview to review your transaction and the click confirm if everything looks good... and congrats! You've just made your first crypto purchase.
Step 3: Transfer USDT to an Altcoin Exchange
- Gate.io
But we are not done yet, since SPUME is an altcoin we need to transfer our USDT to an exchange that SPUME can be traded, here we will use Gate.io as our exchange. Gate.io is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Use the link below to register your new account.
Gate.io is an American cryptocurrency exchange that launched 2017. As the exchange is American, US-investors can of course trade here and we recommend US traders to sign up on this exchange. The exchange is available both in English and Chinese (the latter being very helpful for Chinese investors). Gate.io’s main selling factor is their wide selection of trading pairs. You can find most of the new altcoins here. Gate.io also demonstrates an impressive trading volume. It is almost every day one of the top 20 exchanges with the highest trading volume. The trading volume amounts to approx. USD 100 million on a daily basis. The top 10 trading pairs on Gate.io in terms of trading volume usually have USDT (Tether) as one part of the pair. So, to summarize the foregoing, Gate.io’s vast number of trading pairs and its extraordinary liquidity are both very impressive aspects of this exchange.
After going through a similar process as we've done before with UpHold, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account.
Step 4: Deposit USDT to exchange
Depends on the policies of the exchange you might be required to go through another KYC process, this should usually take you from 30 minutes to possibly a few days maximum. Though the process should be straight-forward and easy to follow. Once you're done with it you should have full access to your exchange wallet.
If this is your first time making a crypto deposit, the screen here may look a bit scary. But don't worry, it's basically simpler than making a bank transfer. At the box on the right, you will see a string of random numbers saying 'USDT address', this is a unique public address of your USDT wallet at Gate.io and you can receive USDT by giving this address to the person to send you the funds. Since we are now transferring our previously bought USDT on UpHold to this wallet, click on 'Copy Address' or right-click on the full address and click copy to grab this address to your clipboard.
Now head back to UpHold, go to the Transact screen and click on USDT on the "From" field, choose the amount you wan to send and on the "To" field choose USDT under "Crypto Network", then click "Preview withdraw".
On the next screen, paste the wallet address from your clipboard, for security consideration you should always check if both addresses are matching. It is known that there are certain computer malware that would alter the content in your clipboard into another wallet address and you will be essentially sending funds to another person.
After reviewing, click 'Confirm' to proceed, you should receive a confirmation email instantly, click on the confirmation link in the email and your coins are on the way to Gate.io!
Now go back to Gate.io and head to your exchange wallets, don't worry if you haven't seen your deposit here. It is probably still being verified in the blockchain network and it should take a few minutes for your coins to arrive. Depending on the network traffic condition of the USDT network, during busy times it may take even longer.
You should receive a confirmation notification from Gate.io once your USDT has arrived. And you are now finally ready to purchase SPUME!
Step 5: Trade SPUME
Go back to Gate.io, then go to 'Exchange'. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let's get our heads around this.
In the right column there is a search bar, now make sure "USDT" is selected as we are trading USDT to altcoin pair. Click on it and type in "SPUME", you should see SPUME/USDT, select that pair and you should see a price chart of SPUME/USDT in the middle of the page.
Below there is a box with a green button that says "Buy SPUME", inside of the box, choose the "Market" tab here as that is the most straight-forward type of buying orders. You can either type in your amount or choose what portion of your USDT deposit you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click "Buy SPUME". Voila! You have finally bought SPUME!
Last Step: Store SPUME securely in hardware wallets
Ledger Nano S
- Easy to set up and friendly interface
- Can be used on desktops and laptops
- Lightweight and Portable
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
Ledger Nano X
- More powerful secure element chip (ST33) than Ledger Nano S
- Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
- Lightweight and Portable with built-in rechargeable battery
- Larger screen
- More storage space than Ledger Nano S
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your SPUME for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.
Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.
Frequently Asked Questions
Can I buy SPUME with cash?
There is no direct way to buy SPUME with cash. However, you can use marketplaces such as LocalBitcoins to first purchase USDT, and finish the rest of the steps by transferring your USDT to respective AltCoin exchanges.
LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.
Are there any quick ways to buy SPUME in Europe?
Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Uphold.
Are there any alternative platforms to buy SPUME or Bitcoin with credit cards?
Yes. is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.
Read more on Spume Protocol's fundamentals and current price here.