The SPARKS token is a non-financial token that represents voting rights and decision-making power in the SPARKS DAO community. It's used to make Foundational decisions democratically. It's an ERC-20 token on mainnet Ethereum based on open-source OpenZepplin contract.
Token Details
| Name | SPARKS |
|---|---|
| Symbol | SPARK |
| Total Supply | 100,000,000 |
| Max Supply | 100,000,000 |
| Initial Circ Supply | 75,000,000 |
| Initial Treasury | 25,000,000 (https://etherscan.io/tx/0x938c2dcbec7dd34549e1d1e659ee8ec4f646d642adee112fc38807e40be88489) |
| Treasury Gnosis Safe | https://etherscan.io/address/0xFc4591022Ca7323168D91dCc965c7A3009A8928b |
| Network | Ethereum |
| Specification | ERC-20 |
| Burnable | yes |
| Mintable | no |
| Contract | https://etherscan.io/token/0x5f5c86a9f8aaf63ce27b82fab3b33df73cbc3d12#code |
| Distribution | 75m Liquidity / 25m Treasury |
Notable Information
LP initialized with Uniswap v2 USDC pair and revoked by sending to null address.
Two bounties, acquired via Uniswap were gifted to kick-start community building.
All tokens distributed at launch to LP and Treasury, no other pre-allocations made.
Treasury grants occur via DAO resolutions in alignment with the Foundation's purpose.