🌠 Spark launches native token $SPK, and the airdrop is open On June 17 at 8 a.m. (UTC), @sparkdotfi officially launched its native token $SPK and simultaneously opened the first phase of the Ignition Airdrop for claim. Eligible users have until July 22 to claim it, and some users can also participate in Overdrive rewards by staking. 🔗 Official Pick-up Address: ▶️ What is Spark? Spark is an on-chain capital allocation platform that aims to solve the problems of decentralised liquidity, unstable returns, and long-term idle stablecoins in DeFi. It leverages funds from Sky's $6.5 billion stablecoin reserve and deploys them to DeFi, CeFi, and RWA markets to enable efficient use of funds and access to risk-adjusted returns. Spark's core role is to be the "liquidity underfloor" of DeFi, not competing with other protocols, but supporting them. It has been deployed on multiple chains such as Ethereum, Arbitrum, Base, Optimism, Unichain and Gnosis Chain, with total assets under management of more than $3.5 billion and annualised revenue of more than $172 million (data changes in real time). 🧵👇

2/ The functions and distribution mechanism of SPK ▶️ $SPK is the native token of Spark, with three core uses: - Governance: Participate in community governance through Snapshot voting (permissions will be expanded in the future) - Staking: Staking can earn Spark Points and may be used to secure protocol components - Reward mechanism: Rewards are distributed based on staking, activity levels, etc. ▶️ The total supply of tokens is 10 billion, distributed as follows: - 65% allocated to users, distributed through 10 years of SPK Farming by the Sky ecosystem - 23% used to support the growth of Spark's own ecosystem and airdrops - 12% allocated to the Spark core team, with a 1-year lock-up + 3 years of linear release

3/ Exchange Listings and Market Performance Currently, $SPK has been listed on several major trading platforms, including @binancezh, @okxchinese, @cryptocom, @kucoincom, etc. This allows users to more conveniently access and trade the token. According to data from @CoinMarketCap, as of the time of writing, the market capitalization of SPK is approximately $102.69 million. Meanwhile, Spark is continuously advancing protocol development, covering key components such as cross-chain bridging, security mechanisms, and community governance systems, and relying on the staking framework provided by Symbiotic to continuously improve its token economic model.