Don't miss out! In addition to the Binance Alpha airdrop, SPK also offers more opportunities to earn for free.

Since its launch in August 2023, the Spark project has developed over nearly two years and officially issued its tokens today.

For a project that has been building in the crypto space for nearly two years, Spark cannot simply be criticized as a 'PUA'. Its USDC annual yield is quite high and can be seen as a financial product, while the airdrop feels more like an additional reward.

Unfortunately, the first phase of the airdrop completed its snapshot on April 15, and many people missed the opportunity when they learned about Spark through Cookie DAO at the end of April. I hope everyone can achieve satisfactory returns in the second phase of the airdrop.

Today, Spark tokens are simultaneously listed on exchanges such as Binance, OKX, Bybit, KuCoin, Gate, Bitget, and Bithumb, while Coinbase International supports perpetual contract trading for SPK.

Currently, the price of SPK is about $0.057, with a circulating market cap of $98 million and a total market cap of $578 million. For a DeFi project with a total locked value (TVL) of $6.5 billion, its valuation is relatively low. However, Spark's profit last year was only about $1 million; even if this year's profit increases fivefold, the price-to-earnings ratio is still as high as 100 times, which is high for project valuation.

Nevertheless, the strength of the project team is evident. On the first day of listing, all major exchanges except Upbit have listed SPK, and the price has significant speculative potential.

For retail investors, a conservative strategy is to accumulate points by storing $ETH $BTC on the Spark platform to aim for the $SPK airdrop, or participate in community activities on Cookie DAO; an aggressive strategy is to directly purchase SPK tokens and wait for the price to rise.

The Binance Alpha airdropped 2,000 SPK tokens, worth about $120, seemingly trying to win back those community members who were ready to 'resign'. However, I have already made up my mind to exit; what about you?