What do you know about the SPK token? A quick look # #بينانس_سكوير_تعاقب

• The token was launched on June 17, 2025, via an “airdrop” process, where 300 million SPK (valued at ~18 million dollars) were distributed to active users on the protocol.

• Total supply: 10 billion SPK allocated over 10 years:

• 65% for farmers (farming)

• 23% for the ecosystem

• 12% for core contributors.

🚀 Performance after launch

• The token saw a strong surge immediately upon listing on major exchanges like Binance, Coinbase, KuCoin, and others.

• However, the price faced sharp declines:

• A drop of about 23.9% after the first day.

• A decrease of more than 54–70% from the launch peak, due to rapid sell-offs by airdrop beneficiaries.

🌐 Adoption and platform

• Listed on major exchanges like Binance, accompanied by “airdrops” to attract users.

• It was placed on Coinbase under the “Experimental” category with the ability to purchase once sufficient liquidity is confirmed.

🏗️ Role and function of SPK

• The primary governance token for the Spark protocol, enabling beneficiaries to vote on updates and determine interest rates such as Sky Savings Rate.

• It is also used for staking, where users earn Spark Points and future rewards.

• The protocol manages approximately $7.9 billion TVL and $3.5 billion in stable liquidity across multiple networks like Ethereum, Base, Arbitrum, and Optimism $SPK