How SparkFi Uses Smart Contracts to Distribute Yield for $SPARK Token Holders

in sparkfi •  2 years ago 

Are you a blockchain enthusiast looking to get involved with a new project that is changing the way yield is distributed? If so, you’ll want to check out SparkFi. SparkFi uses smart contracts and their own token, $SPARK, to provide fair yield distribution among their investors and team. Read on to learn more about how this works and why it’s beneficial.

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Yield Distribution Ratio

One of the key aspects of SparkFi’s yield distribution process is the ratio of how it’s split between the team and investors. To ensure that everyone gets a fair take on the yield, 20% of tokens are allocated to the team while the remaining 80% goes to investors. This also helps ensure that investment capital grows over time as yield increases.

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Staking-Based Distribution Process

The next important aspect of SparkFi’s distribution system is its staking-based distribution process. By staking their $SPARK tokens in a special contract, token holders can earn stablecoins such as USDT and BUSD each month. The amount earned is based on how many tokens are staked; when more tokens are staked, more income is generated for token holders. Additionally, each $SPARK token acts as a share in the SparkFi economy, which ensures that all stakeholders receive their fair share of yields regardless of the number of tokens held by them or others.

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Monthly Conversions

All income from SparkFi’s investments are converted into stablecoins at least once per month to ensure consistent payments for token holders who have staked their tokens in the contract. This means that everyone will always receive their payout every month without fail since they won't be subject to any cryptocurrency market volatility like they would if they were receiving payments in cryptocurrencies directly instead of stablecoins such as USDT or BUSD.

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SparkFi has created an innovative system for distributing yields fairly among its team and investors using smart contracts and its own token, $SPARK. Through monthly conversions into stablecoins such as USDT or BUSD, all stakeholders can rest assured knowing that they will always receive a reliable payment each month regardless of cryptocurrency market conditions. Whether you’re an investor or just someone looking to get in on a new project at an early stage, you won’t want to miss out on what SparkFI has to offer!

@SparkFiOfficial #SPARK #STAKING #DEFLATIONARY #SPARKFI

MORE INFORMATION

Website: https://sparkfi.io/
whitepaper: https://d.sparkfi.io/SparkFi.pdf
Telegram: https://t.me/SparkFi_io
Discord: https://discord.com/invite/dmDJkHNMFr
Airdrop: https://t.me/SparkFiAirdropBot?start=p160636

Forum Username: EvelynAriana
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=1666369
Telegram Username: @evelynariana0
BSC Wallet Address: 0xad48671b981716cb3BbBb94BD7665EDCcF3E1c24

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