SRK Quarterly Burning and Buy Back Program

SparkPoint
theEcosystem
Published in
1 min readMay 2, 2019

UPDATE: Our fourth token burning event will be on October 10, 2019.

Sparkpoint Ecosystem conducted its first token burning event on April 5, 2019 as the first quarterly burning event of this year bringing down the total supply to 18 Billion from 20 Billion.

There will still be three more quarterly token burning event to happen this year and this will be done until the supply reach 15 Billion SRK. After the target has been reached, a buyback program will commence.

The second stage of this burning event will be supported by the buyback program until the total supply in the market has been brought down to 10 Billion SRK only.

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