The post Sparklo (SPRK) Skyrockets As Klaytn (KLAY) Continues To Drop Despite Burning Half Of Total Token Supply appeared first on Coinpedia Fintech News
Crypto traders and investors are always looking for new projects and ways to maximize their earnings in the Web3 sphere. As a result, they have invested in presale stage projects such as Sparklo (SPRK) which offers huge benefits. Meanwhile, the Klaytn (KLAY) token has been in decline over the past week.
Klaytn (KLAY) Continues To Drop Despite Burning Half Of Total Token Supply
Despite the recent activity in the Klaytn (KLAY) community, the price of its native token has been in a downward trend in the past 7 days.
On Monday, April 17th, Klaytn (KLAY), a blockchain company based in South Korea destroyed around half of its Klaytn (KLAY) token supply. Over 5.281 billion tokens were burnt. The purpose of the reserve was to finance the growth of Klaytn’s ecosystem.
Unfortunately, this event did not affect the price positively as the token plunged further. According to CoinMarketCap, Klaytn (KLAY) is $0.221002 today with a 24-hour trading volume of $25,881,827. The token’s price has declined by 1.88% in the last 24 hours and 16.41% in the past 7 days.
Sparklo (SPRK) To 40x In Coming Months
Sparklo (SPRK) wants to launch an investment platform where investors can enter the precious metals industry by making fractionalized investments in silver, gold, and even platinum.
The platform’s major function will be to create non-fungible tokens (NFTs) that represent specific assets such as gold, silver, and platinum. Investors can then choose to purchase either the entire NFT or a fraction of it.
If an individual purchases the complete NFT, the platform can send the corresponding precious metal to a location of their choice. Furthermore, Sparklo intends to collaborate with jewelry stores to facilitate the introduction of their merchandise to the market, while also providing investors with early access to these items at discount prices.
Meanwhile, the InterFi network has already audited the Sparklo platform. At present, the Sparklo team is processing a KYC application, with the results slated for release throughout the month. Additionally, the project’s liquidity will be locked for a period of 100 years.
During its ongoing level one presale, the Sparklo (SPRK) is priced at $0.015 per token. Experts anticipate that the token’s value might rise up to 40 times in the forthcoming months due to the huge interest in precious metals.
In light of the increasing collapse of centralized banks and other financial institutions, coupled with high inflation rates in recent years, investors are seeking out alternative investment opportunities.
Precious metals, such as silver, and gold, have always served as a hedge against inflation. Sparklo aims to make these precious metals accessible to anyone so they can secure their wealth.
Find out more about the presale:
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