What is Spark Token?
Presently, the main focus of XRP is on cross-border payments and internal banking settlements as this is the key aim of Ripple, the parent company. Although the Spark token is different from this it has no link with Ripple. Spark token comes from a new company and the company name is Flare Network. It is a distributed network that is running the Avalanche Consensus protocol adapted to Federated Byzantine Agreement and leveraging the Ethereum Virtual Machine. It gives permission to the new network to deploy existing Ethereum applications on Flare and also allows the network to be integrated into decentralized Finance. The token plays the role of collateralizing the trustless issuance of FXRP on Flare. The other work of Spark tokens is to generate useful data on Flare through an oracle system and also used for network governance and spam prevention.
When there is an issuance of FXRP and the Oracle system is used, there are opportunities where a level of cash flow can be provided to Spark Token Holders. Spark tokens have their own roots in XRP through as Flare is minted on Flare from XRP on the XRP Ledger and because of this, it can then be settled back to the XRP Ledger. Read more about What is Shiba Coin? Complete details
After knowing what a spark token is now I will enlighten you about the price of a Spark token? If you are unaware of the spark token price, then stick with me and you will know it.
Spark Token Price
Spark Price Statistics are as follow;
- Spark Finance Price = $ 0.0001836
- Price Change 24h High = $ 0.00002036 12.47%
- 24h low / 24h high = $ 0.0001614 / $ 0.00021
- Trading Volume 24h = $ 1,748.88 1504.21%
- Volume / Market Cap = 0.1905
- Market price 0.00000004 BTC Change 24h 5.25% Volume 24h $3 USD
- 1-year Return -43.9%
- Max Supply 21,000,000 SPK
- 24hr High $ 0.001884 USD 24hr Low $ 0.001603 USD
The price of coin changes with the up and down of the market. Sometimes it can be at a high rate and sometimes it will at a low rate. So you can see the chart of spark’s token price and you can decide when you want to purchase it.
How to Buy Spark Token?
Lion’s shares users who purchase SPK do so with Bitcoin (BTC) or Ethereum (ETH). But the thing is you can consider it misfortunate that you can’t buy directly the spark token from Coinsquare. You can use Coinsquare to buy Bitcoin or Ethereum, which can then be used to buy SPK.
If you want to purchase Spark tokens then follow these narrative steps.
Verify your account, Sign up on Coinsquare
The first step for purchasing SPK is to sign up on Coinsquare then verify your account which will ensure that you properly connected your funds to your account.
Fund your Coinsquare account using fiat currency
2nd step is funding your Coinsquare account using fiat currency, for instance, Euro, Won, or dollars. This is similar to a car gas filling. It will help you to reach that destination where you want to go.
Use the Fiat Currency in your Coinsquare account to buy Bitcoin or Ethereum
The 2 most widely-accepted cryptocurrencies are Bitcoin and Ethereum, so that should make it easier for you to trade for SPARKS.
Withdraw your Bitcoin or Ethereum to your private wallet
This is the final step for purchasing a spark token. Withdraw your Bitcoin or Ethereum to your private wallet or an altcoin exchange that you can use to purchase SPK.
So I hope I have to make a fist for you now maybe by reading the steps you can easily buy spark tokens and I also enlighten you about the spark token price. If you have any questions we are here for you.
