Summary
- Spark (SPK) has revealed its tokenomics, announcing a total supply of 10 billion.
- It was stated that 65% of the issued tokens will be allocated to SPK farming, 23% to the ecosystem, and 12% to contributors.
- After being listed on Binance, SPK has surged by 469.96% compared to 24 hours ago.
The decentralized finance (DeFi) protocol Spark (SPK), which is listed on centralized exchanges such as Binance and Bybit, has unveiled its tokenomics.
On the 17th (local time), Spark disclosed the tokenomics for the SPK token via X (formerly Twitter). The total supply of SPK is 10 billion and will be distributed over the next 10 years. Of the issued tokens, 65% are allocated to SPK farming in Sky (SKY, formerly MakerDAO). 23% and 12% are distributed to the ecosystem and contributors, respectively.
As of 8:35 PM today (KST), SPK listed on Binance is being traded at $0.056996 on the Binance USDT market, which is a 469.96% increase compared to 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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