Spark Completes First SPK Token Buyback Using 571,957 USDS

The project said it bought 26.66 million SPK at an average price of $0.0215, with the first month accounting for about 1% of circulating supply.

USDS

Summary

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Terms & Concepts
  • Token buyback: A program in which a project repurchases its own tokens from the market, often to reduce circulating supply or support token value.
  • Circulating supply: The number of tokens currently available in the market and held by the public, excluding locked or unavailable holdings.
  • USDS: A dollar-pegged digital asset used as the payment currency in this repurchase, intended to maintain a stable value relative to the U.S. dollar.