Mechanism of the Buyback Program

The Token Buyback Program operates through a transparent and systematic process:

• Revenue Allocation: Revenue Share from $SPARQ ecosystem is allocated specifically for the buyback program. This includes income from including but not limited to:

  • Game Sales and In-App Purchases: Revenue from the sale of games and virtual goods.

  • Advertising Revenue: Income generated from in-game advertising and partnerships.

  • Licensing Fees: Earnings from licensing agreements.

  • Incubator Program Returns: Profits shared from games developed through the decentralized game development incubator fund.

  • Defi Revenue: Rev from all defi activities will feed the buyback program

• Market Operations: The allocated funds are used to purchase $SPARQ tokens from public exchanges at market prices. This process is conducted regularly and systematically to avoid market manipulation and ensure fairness.

  • Details TBA

• Token Burning: A portion of the acquired tokens is sent to an irrecoverable address (burned), effectively removing them from circulation. This process is transparent and verifiable on the blockchain.

  • Details TBA

• Redistribution to Ecosystem Participants: The remaining tokens are redistributed to active participants in the ecosystem, such as:

  • Stakers: Individuals who have staked their $SPARQ tokens in governance contracts.

  • Gamers: Players who participate in the gaming ecosystem will receive rewards through our reward models.

  • Content Creators and Athlete Brand Ambassadors: Influencers, Athletes and creators who contribute to the platform's growth and user engagement.