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Spark completed its first-month token buyback half an hour ago, spending 571,957 USDS to purchase 26.66 million SPK.
ME News, April 5 (UTC+8). According to on-chain analyst Ember’s monitoring, Spark completed its first-month token buyback half an hour ago, spending 571,957 USDS to purchase 26.66 million SPK at an average price of $0.0215.
In one month, the 26.66 million SPK repurchased is roughly 1% of SPK’s circulating supply, while their buyback plan is expected to continue for 12 months.
Based on this figure, if you roughly estimate how much could be bought back over a year, it could repurchase SPK equivalent to 12% of the circulating supply—approximately 320 million SPK (686 million dollars ). (Source: PANews)