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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 message, on April 5 (UTC+8), according to on-chain analyst Yu Jin’s monitoring, Spark completed its first-month token buyback about half an hour ago, spending 571,957 USDS to purchase 26.66 million SPK tokens at an average price of $0.0215. Over one month, the 26.66 million SPK they repurchased is roughly 1% of SPK’s circulating supply, and their buyback plan is expected to continue for 12 months. Based on this rough figure, a one-year buyback would be able to repurchase SPK representing 12% of the circulating supply—about 320 million SPK (6.86 million dollars). (Source: PANews)