- The tokens defider Spark Airdrops worth $ 18 million.
- This is part of a wider wave of paratroopers.
- The tokens in recent parachiles have lost more than three -quarters of their value.
Spark launched his spk token on Tuesday thanks to a long -awaited aerial card for the first users.
Those who have loaned or borrowed tokens on Spark, or dropped tokens emitted by its parent protocol sky through other DEFI protocols, are eligible to divide a pool of tokens worth around 18 million dollars at today’s prices.
SPK holders will be able to participate in the future governance of Spark and play it to win more awards in a future air card. SPK marked can also be used in the future to secure the protocol, said Spark in a post X.
Spark is the fourth largest protocol defined by deposits.
Launch hot
Airdrop de Spark occurs while the DEFI projects rush to launch tokens while the cryptography market is hot. However, it is common that tokens lose value after the air props.
In April, Crypto Zora’s social network launched its token, only to drop 75% in the weeks that followed.
In February, the Blockchain on the theme of Berachain bear also launched a token. It is down more than 86%.
The launch of Spark’s Spk occurs while the protocol deposits hover below their top of $ 8.6 billion. They have more than doubled since March.
Under the sky
Spark is a loan protocol and a so-called Subdao from the sky, the DEFI protocol that emits the USDS and stablecoins. While Sky emits these stablecoins, the holders must drop them to obtain a return.
The Sky governance token has jumped by 164% since February in response to the anticipation of the SPark Airbrop ecosystem and the sky ecosystem.
SPK has a total offer of 10 billion tokens, which will be distributed over the next 10 years.
65% of the offer will be distributed as awards to those who use Spark and Sky. 23% will be used to support the growth of the protocol, and an additional 12% will be given to contributors and team members.
Those who qualified for the Airdrop SPK have six weeks to claim their tokens.
Greater efficiency
Spark has planned to launch your own token since the launch of the protocol in 2023.
The idea of separating the parts of the sky ecosystem into various Subdaos is part of the so-called end of the end of the co-founder of Sky.
These subsidiary entities will manage most decisions for the sky, and each subdao will have its own token and its governance structure.
Christensen has already said DL News He hopes that the SUBDAO structure will help increase efficiency in relation to getting everything in the sky.
Tim Craig is the DL News -based correspondent, based in Edinburgh. Handle with advice onTim@dlnews.com.
