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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: April 5 (UTC+8). According to on-chain analyst Yu Jin’s monitoring, Spark completed its first month of token buybacks half an hour ago, spending 571,957 USDS to buy 26.66 million SPK at an average price of $0.0215.
Over one month, the 26.66 million SPK repurchased is roughly 1% of SPK’s circulating supply, and their buyback plan is expected to continue for 12 months. Based on this rough estimate, over the course of one year, the buyback could repurchase SPK equivalent to 12% of the circulating supply—about 320 million SPK (686 ten-thousands of USD). (Source: PANews)