Spark (SPK) Set for Binance Holder Airdrop Distribution
Binance, the world's leading cryptocurrency exchange, has announced Spark (SPK) as the 23rd project to join its HODLer Airdrops program. This exciting development marks a significant step for Spark, a DeFi and real-world asset protocol, as it seeks to expand its presence within the cryptocurrency market.
Spark's native token, SPK, will be utilised for governance, staking, and reward distribution within the Spark ecosystem. The token will have a "Seed Tags" upon listing, and Binance is offering a promotion of -10% trading fees for SPK.
Spark operates as an on-chain capital allocator, boasting over $3.97 billion in liquidity across multiple networks. As of recent data, Spark generates an annualized revenue of $191.16 million.
The total supply of HODLer Airdrops Rewards for SPK is 200,000,000 SPK, which equates to 2.00% of the total supply. The circulating supply, as of the announcement, stands at 1,700,000,000 SPK, representing 17.00% of the total supply.
To be eligible for the Airdrop, users must lock BNB on Binance Simple Earn from June 10, 2025, 00:00 (UTC) to June 13, 2025, 23:59 (UTC). Users can also receive 10% lifetime cashback on every trade for SPK.
Spark's core products include Spark Savings, SparkLend, and the Spark Liquidity Layer (SLL). The exchange will launch SPK on the spot market on June 17, 2025, 09:00 (UTC).
The token will be available for trading with pairs including USDT, BNB, USDC, FDUSD, and TRY. The smart contracts for SPK are deployed on both the BNB Chain and Ethereum networks. The BNB Chain smart contract address is 0xAfF2e841851700D1Fc101995Ee6b81Ae21Bb87D7, while the Ethereum smart contract address is 0xc20059e0317DE91738d13af027DfC4a50781b066.
Spark is developed and linked to the Sky Protocol ecosystem, with Sky Protocol associated with the development of Spark as a DeFi lending protocol. This partnership underscores Spark's commitment to delivering innovative DeFi solutions to the cryptocurrency market.
With the launch of Spark on Binance, users can now access this promising DeFi project and participate in its governance, staking, and reward distribution. The -10% trading fee promotion offers an attractive incentive for traders to engage with the SPK market on Binance.
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