PANews reported on November 25th that Spark announced on its X platform that a governance proposal to adopt a buyback mechanism (SubDAO proxy governance plan) has entered into voting. Since the token generation event (TGE) in June, the protocol has deposited over $10 million in net revenue into the SubDAO treasury. According to the proposal, any excess funds exceeding Spark's needs for venture capital and operating expenses (OpEx) will be used to purchase SPK tokens according to parameters defined by governance. As the excess capital accumulated in the treasury increases, the buyback scale will be increased accordingly. This proposal aims to align protocol operations, treasury management, and community incentives within a transparent and programmatic framework.PANews reported on November 25th that Spark announced on its X platform that a governance proposal to adopt a buyback mechanism (SubDAO proxy governance plan) has entered into voting. Since the token generation event (TGE) in June, the protocol has deposited over $10 million in net revenue into the SubDAO treasury. According to the proposal, any excess funds exceeding Spark's needs for venture capital and operating expenses (OpEx) will be used to purchase SPK tokens according to parameters defined by governance. As the excess capital accumulated in the treasury increases, the buyback scale will be increased accordingly. This proposal aims to align protocol operations, treasury management, and community incentives within a transparent and programmatic framework.
Spark has opened a vote on a governance proposal to adopt a buyback mechanism.
PANews reported on November 25th that Spark announced on its X platform that a governance proposal to adopt a buyback mechanism (SubDAO proxy governance plan) has entered into voting. Since the token generation event (TGE) in June, the protocol has deposited over $10 million in net revenue into the SubDAO treasury. According to the proposal, any excess funds exceeding Spark's needs for venture capital and operating expenses (OpEx) will be used to purchase SPK tokens according to parameters defined by governance. As the excess capital accumulated in the treasury increases, the buyback scale will be increased accordingly. This proposal aims to align protocol operations, treasury management, and community incentives within a transparent and programmatic framework.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
The U.S. OCC has warned Wall Street about the "de-banking" of industries such as digital assets, calling such practices "illegal."
PANews reported on December 11th, citing CoinDesk, that President Trump's actions against the "debanking" of controversial industries such as digital assets have prompted the Office of the Comptroller of the Currency (OCC) to release a new report. The report further confirms past practices and warns that banks suspected of involvement could face penalties. This brief OCC report reviewed nine of the largest national banks in the United States, concluding that "between 2020 and 2023, these banks developed public and private policies that restricted certain industries from accessing banking services, including requiring escalating reviews and approvals before providing financial services." The report states that some large banks set higher barriers to entry for controversial or environmentally sensitive businesses, or activities that contradict the banks' own values. Financial giants such as JPMorgan Chase, Bank of America, and Citigroup are highlighted, with links to their past public policies, particularly those concerning environmental issues. The report states, "The OCC intends to pursue accountability for any illegal 'debanking' activities by these banks, including referring related cases to the Attorney General." However, it remains unclear which specific laws these activities may have violated.
Share
PANews2025/12/11 09:04
The "1011 Insider Whale" has added approximately 19,000 ETH to its long positions, bringing its latest position to 120,000 ETH.
PANews reported on December 11th that, according to on-chain analyst @ai_9684xtpa, as ETH briefly fell to the order book level, the "whale that opened short positions after the October 11th flash crash" has completed its shorting and added 19,108.69 ETH. Its latest holdings are 120,094.52 ETH, worth $392 million, with an opening price of $3,177.89 and a floating profit of $10.13 million.
Share
PANews2025/12/11 08:52
State Attorneys General Issue Dire Warning To Microsoft, OpenAI, And Google Over ‘Delusional’ Chatbots
The post State Attorneys General Issue Dire Warning To Microsoft, OpenAI, And Google Over ‘Delusional’ Chatbots appeared on BitcoinEthereumNews.com. AI Regulation Showdown: State Attorneys General Issue Dire Warning To Microsoft, OpenAI, And Google Over ‘Delusional’ Chatbots Skip to content Home AI News AI Regulation Showdown: State Attorneys General Issue Dire Warning to Microsoft, OpenAI, and Google Over ‘Delusional’ Chatbots Source: https://bitcoinworld.co.in/ai-regulation-delusional-chatbots-warning/
Share
BitcoinEthereumNews2025/12/11 08:58