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 (vested linearly until 31 December 2026) |
| Treasury Gnosis Safe | sparks-foundation.eth |
| Network | Ethereum |
| Specification | ERC-20 |
| Burnable | yes |
| Mintable | no |
| Contract | 0x5F5C86A9F8aAF63Ce27b82FaB3B33DF73CbC3d12 |
| 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.