SPINDLE PriceSPD

What is SPINDLE (SPD)?

SPINDLE (SPD) is an Ethereum-based utility token that was designed for use within a blockchain-driven investment ecosystem. According to CryptoSlate, it is positioned as the official utility token to be used on a blockchain-based investment platform. The token operates on the Ethereum platform, meaning it exists as a smart contract token that cannot be removed or deleted from the network. SPINDLE was issued in April 2018 and listed on May 19, 2018. In Japan, the project became widely known as "GACKT Coin" because Japanese singer GACKT attached his name to the project as a member. The token has a total supply of 10,000,000,000 SPD and an uncapped maximum supply. Today, the project is widely regarded as dormant, with minimal trading activity and a market capitalization that CoinMarketCap has not calculated because it cannot confirm the circulating supply.

Key Specifications & Tokenomics

• Name: SPINDLE
• Ticker / Symbol: SPD
• Blockchain / Platform: Ethereum
• Category: Ethereum Ecosystem
• Token Standard: Ethereum-based token
• Total Supply: 10,000,000,000 SPD
• Max Supply: Uncapped
• Circulating Supply: Reported inconsistently; CoinMarketCap has shown figures ranging from 0 to approximately 4,050,576,097 SPD, while Yahoo Finance, Coinbase, and Cobo report 0 in circulation
• Fully Diluted Valuation: Approximately $35.17K to $35.56K depending on the source
• Market Cap: $0 per CoinMarketCap, Cobo, and CryptoSlate; not calculated because circulating supply cannot be confirmed
• Holders: Approximately 46,780 to 46,830 wallets
• CertiK Rating: 2.3
• Official Website: https://spindle.zone
• Whitepaper: https://spindle.zone/spindlewp_2.0_en.pdf
• Block Explorer: etherscan.io
• Start Date: 2018-05-28
• Listing Date: May 19, 2018
• Issuance Date: April 2018

Who created SPINDLE?

Publicly available information about the SPINDLE development team is limited. The most notable association is Japanese singer GACKT, who put his name on the project as a member, which led to the coin being commonly known in Japan as "GACKT Coin." The issuer of the token was dissolved in the United Kingdom, according to an analysis referencing financial statements filed at UK Companies House. No detailed founding team roster, advisory board, or corporate leadership structure is publicly documented in the available references. The project became a hot topic in Japan in 2018 ahead of its listing, largely driven by the celebrity association, but detailed public information about the individuals behind its development remains scarce.

How does SPINDLE work?

SPINDLE operates as a token on the Ethereum blockchain. Because it is built on Ethereum, the token is designed in a way that no one can delete it even if they wanted to, as the note.com analysis puts it. The token functions through Ethereum smart contracts, and its on-chain activity can be tracked through the etherscan.io block explorer. According to an analysis that connected directly to a public Ethereum node and counted every transfer record from issuance in April 2018 to the time of writing, there were a total of 95,033 transactions. The token was positioned as a utility token for a blockchain-based investment platform, though the operational status of that platform is not clearly documented in the available references. The project's technical framework relies entirely on the Ethereum network rather than a proprietary blockchain.

What makes SPINDLE unique and valuable?

SPINDLE's primary claim to uniqueness is its association with Japanese singer GACKT, which made it one of the most well-known crypto assets in Japan in 2018 and earned it the nickname "GACKT Coin." It became a hot topic before listing, and the celebrity backing drove significant attention. As an Ethereum-based token, it benefits from the security and immutability of the Ethereum network. However, the project's value proposition is heavily qualified by its current state. CoinMarketCap has not calculated its market cap because it cannot confirm the circulating supply. CryptoSlate has assigned it a reliability decision of "Dormant" with a score of 16 out of 100, well below the minimum 40 required, and has withheld its price signal because price-derived sentiment is not reliable enough to publish. The project is widely considered inactive.

What is SPINDLE used for?

SPINDLE is described as the official utility token to be used on a blockchain-based investment platform. In its intended ecosystem, the token would serve as the medium of exchange or utility within that investment environment. However, the practical utility of the token today is extremely limited. Trading activity is minimal, with 24-hour volumes reported in the range of a few dollars to roughly $133 depending on the source. The token trades on a small number of active markets, and its listed trading pairs include SPD/BNT on Bancor Network, SPD/BTC on YoBit, and SPD/ETH on YoBit. The token can be converted to various fiat currencies including USD, EUR, GBP, JPY, CAD, AUD, INR, and others through converter tools. Given the dormant state of the project, real-world usage of the token appears negligible.

How Is the SPINDLE ecosystem developing?

The SPINDLE ecosystem shows no signs of active development. The issuer was dissolved in the United Kingdom, and the project is classified as dormant by CryptoSlate. Its reliability score of 16 out of 100 falls far below the minimum threshold of 40 required for a standard assessment. CryptoSlate notes that low activity can make the displayed price sensitive to a handful of trades, and its activity evidence shows only one valid market and one active exchange. The price history is marked by periods of unnaturally stagnant movement alternating with sudden, disconnected spikes and crashes, a pattern the note.com analysis attributes to changes in the place reporting the price rather than genuine supply and demand. The project has no documented roadmap, no active development updates, and no visible community growth. Its on-chain transaction count of 95,033 from issuance to the time of analysis reflects a project that never achieved sustained adoption.

How to mine SPINDLE?

SPINDLE cannot be mined in the traditional sense. It is an Ethereum-based token, not a mineable proof-of-work cryptocurrency with its own blockchain. There is no mining algorithm, no mining hardware, and no staking mechanism documented for SPINDLE in the available references. Tokens like SPD are typically created through smart contracts and distributed through initial offerings, airdrops, or trading. The total supply of 10 billion SPD was issued in April 2018, and the maximum supply is uncapped according to Cobo, though no further issuance mechanism is documented. Users cannot earn SPD through mining or staking. The only way to acquire SPD today would be through the limited trading markets where it is still listed, though liquidity is extremely thin and activity is minimal.

How to keep your SPINDLE Coin safe?

Because SPINDLE is an Ethereum-based token, it can be stored in any wallet that supports Ethereum and ERC-20 tokens. Options include hardware wallets, which keep private keys offline and are generally considered the most secure option, as well as software wallets and web wallets. For long-term storage, a hardware wallet is advisable. Users should always back up their seed phrase and private keys in a secure, offline location and never share them with anyone. Given the dormant state of the SPINDLE project, extra caution is warranted. CryptoSlate explicitly notes that its trading activity assessment evaluates price reliability, not project development, legal status, reserves, or solvency. Cobo's FAQ also reminds users that crypto is highly volatile and prices can move sharply in either direction, so every figure should be treated as information, not financial advice. Always do your own research before interacting with any token or platform.