PANews reported on November 8 that Sky (formerly MakerDAO) said 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. As stated in the proposal, the founding issuance of Star tokens will last for 10 years, with half of the issuance occurring in the first two years, and the issuance rate 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 guidance 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, with rewards linked to milestones and performance, and liquidity tokens subject to transparency and reporting systems. Subject to the approval of the governance layer, this proposal aims to establish a clear and transparent framework for the issuance of each Star token within the Sky ecosystem.
Sky Forum has published a new SPK token economics proposal
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