New SPK Token Economics Proposal Published on Sky Forum

Sky (formerly MakerDAO) posted on the X platform that the new SPK token economics proposal has now been published on the Sky forum. The proposal aims to regulate the issuance of Star tokens, and the first Star token SPK will be launched first in the next few months. It is reported that the founding issuance of Star tokens will last for 10 years, half of which will occur in the first two years, and the issuance rate will be halved every two years thereafter. Like all future Star tokens, the total supply of SPK is 10 billion; 8 billion of them are allocated to three types of recipients, namely USDS holders, activated SKY holders, and sealed SKY holders. SPK is expected to be issued first in the next few months; in addition, 1 billion is allocated to liquidity bootstrapping and another 1 billion is allocated to contributor token grants. Both parts of the tokens will be managed by the governance team of each Star token, and the rewards are linked to milestones and performance, while liquidity tokens are subject to transparency and reporting systems.