聊聊40%的 $SPK 减排是如何做到的
$SPK 并不是简单“减排”，而是通过回购 + 激励重构，实现了约 40% -50%的净释放压缩

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Let's talk about how the 40% emissions reduction was achieved.

It wasn't simply a matter of "emission reduction," but rather through buybacks and incentive-based restructuring, resulting in a net release reduction of approximately 40%-50%.

Bitcoin's price briefly touched $60,000 last week. Under a diminishing returns model, this is no mere noise. The market is touching the weakest link in the entire four-year cycle and logarithmic growth framework.

With the gains at the top of the Bitcoin cycle already significantly compressed, a further historically deep correction would completely negate the allure of its classic cycles.

This is not a prediction; it's a mathematical law.

Cycle Top Gains are Compressing

Historical Bitcoin Cycle Tops:

· 2013: ~$1,242

· 2017: ~$19,700

· 2021: ~...

$55,000 will be the lifeline for Bitcoin.

The crypto market experienced a sharp drop this afternoon, with Ethereum falling below the $2,000 mark at 3 PM Taiwan time, according to Hyperliquid [...]
The article, titled "Machi Big Brother Suffers Huge Losses and Didn't Sleep All Night? Ethereum Falls Below 2000 Magnesium, Panic Arrives, Opens Long BlockTempo and Loses 120,000 Magnesium," was originally published on BlockTempo, the most influential blockchain ABMedia media.

Machi Big Brother lost so much money he couldn't sleep all night? Ethereum fell below 2000, causing panic. He long positions in ETH and HYPE, then sold at a loss, losing all 120,000 in magnesium.

Institutional demand for tokenized finance in Asia is accelerating as the finchain avalanche collaboration moves to bring traditional assets on-chain at scale.
Summary
FinChain deepens strategic coope...

FinChain Avalanche partnership targets RWA tokenization and institutional liquidity in Asia

回购SPK代币
未来一年， Spark预计用 13M 的协议利润对SPK进行回购
回购测算表：https://docs.google.com/spreadsheets/d/1WuBK8lhmJZTuebmwuGFsBoSaGC4aWQFD7eikuNYEqeo/edit?gid=2039246267#gid=2039246267…

SPK Token Buyback

Over the next year, Spark plans to use 13M of protocol profits to buy back SPK tokens.

Buyback Calculation Table: https://docs.google.com/spreadsheets/d/1WuBK8lhmJZTuebmwuGFsBoSaGC4aWQFD7eikuNYEqeo/edit?gid=2039246267#gid=2039246267…

结论：
原始年度释放价值合计：34.7 M + 11M = 45.7 M 美元
未来一年预计 SPK 回购价值约 13M 美元，同时移除给 SKY 质押者的 SPK 激励（约 11M）
👉 实际被抵消的释放价值：
13M + 11M = 24M 美元
被抵消的释放占比：
24 / (45.7 + X) = 40% ～ 52%
（X 代表 SPK 生态内其他代币释放，占比较小）

Conclusion: Total initial annual release value: $34.7M + $11M = $45.7M USD

The estimated SPK buyback value over the next year is approximately $13M USD, while removing SPK incentives for SKY stakers (approximately $11M).

👉 Actual offset release value:

$13M + $11M = $24M USD

Offset release percentage:

24 / (45.7 + X) = 40% ~ 52%

(X represents the release of other tokens within the SPK ecosystem, which accounts for a smaller percentage)