Derived from Bijié Wǎng, Spark has initiated a governance vote to determine whether to implement a new 'programmatic buyback' system. The proposal, which will conclude on November 27, 2025, aims to use excess funds—over 10% of the project’s target value—monthly to repurchase SPK tokens from the market. These tokens will be returned to the SubDAO treasury, with the goal of increasing transparency, reducing confusion around treasury decisions, and benefiting SPK holders. The buyback plan is intended to align the project’s growth with community interests and provide a more stable financial foundation. SPK has seen a 2.22% rise in the past 24 hours, though broader trends remain bearish. Short-term price projections suggest a potential test of the $0.0318 level if the current support at $0.030 holds. Long-term recovery is expected only if the price breaks above $0.036 and volume increases.
Spark Governance Vote Begins: Community to Decide SPK Buyback Plan
币界网Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.