Spark Starts Second SPK Token Buyback After Transferring 414,000 USDS

According to Ember monitoring, Spark began its second month of SPK repurchases after sending 414,000 USDS to a buyback address, following a first-month purchase of 26.66 million SPK.

USDS

Summary

Spark has started the second month of its SPK token buyback program after transferring 414,000 USDS to a repurchase address, according to Ember monitoring on April 7. In the first month, Spark used 572,000 USDS to buy back 26.66 million SPK. The latest transfer was reported to have taken place seven hours earlier, indicating the repurchase program is continuing beyond the initial month.

Terms & Concepts
  • SPK buyback: A program in which Spark repurchases SPK tokens from the market, typically using treasury funds or stable assets sent to a designated address.
  • USDS: A dollar-pegged digital asset used by Spark as the funding asset for its SPK token repurchase transactions.