Newsletter
7/14/2024 Latest News: BARK Token and SPARKY Project News
Dear BARK Community,
We are delighted to share the latest updates on the BARK Token and introduce our exciting new SPARKY Project. Here’s everything you need to know about our recent developments and future plans.
BARK Token Updates
Interest Bearing Rate Disabled
The latest version of the BARK Token is now live. In this update, the interest bearing rate is temporarily disabled. We will reactivate this feature once Raydium.io supports Solana extensions.
Compatibility Issues Resolved
BARK v1 faced compatibility issues with several DEXs, limiting its usability. These issues, particularly with Raydium, created significant challenges. BARK v1 was fully compatible with FluxBeam, which follows the Solana-2022 standard, but we have now addressed the broader compatibility concerns.
Airdrop Process
The airdrop process took nearly three weeks due to various challenges and misunderstandings. During this time, we provided extensive community support, including technical assistance and responding to numerous questions.
The airdrop agreement will be finalized over the weekend, with a two-day delay for execution. Minor issues with the airdrop form were resolved, ensuring those who filled it out twice by mistake still receive their airdrop.
Duplicate addresses (appearing 4-10 times) were removed to ensure fair distribution. This correction means each participant will receive approximately 200 BARK more.
The airdrop will be managed through the BARK StreamFlow contract. Participants will be able to claim their airdrop through this platform starting September 1, 2024. This delay helps secure market stability, reduce market dumping, and support BARK token holders and investors.
Upcoming DEX Listing
If everything proceeds as planned, BARK will be listed on a DEX next week, improving its availability and trading opportunities.
Liquidity Pool Update
The liquidity pool now holds 6.8 billion BARK, which is approximately 34% of the maximum supply of 18.446 billion BARK.
New Account and Updated Token Economy
BARK now has a new account and a refactored token economy. Minor updates have been made, and non-compliant features are temporarily disabled. These features are awaiting future upgrades, technical support from service providers, and program updates.
Updated BARK Tokenomics and Allocation
We have made minor updates to the BARK tokenomics and allocation to better support our community and future development:
Development Fund: 15%
Community Rewards: 20%
Liquidity Pool: 35%
Team Allocation: 10%
Partnerships and Ecosystem Growth: 21%
Security Reminder
BARK team members will never contact you via direct messages (DM) asking for your wallet details or private key. Please do not share this information with anyone to keep your assets secure.
SPL Token Information
BARK 2022-Token Information (Under construction)
SPARKY (Sparky Bros) Token Overview
Introducing SPARKY
We are excited to introduce SPARKY, our NFT project members token. This token will be distributed to those who participated in the airdrop.
SPARKY Overview
SPARKY (Sparky Bros) is a unique token designed to enhance community engagement and offer exclusive benefits to its holders. SPARKY will play a vital role in our ecosystem, serving as a club token with various tiered benefits and access to unique NFTs (CNFTs).
Future DEX Listing and Club Tokens
SPARKY club tiered tokens and CNFT will be listed on DEXs in Q3-Q4, 2024.
Distribution and Allocation
50% of SPARKY tokens will go to liquidity pools.
34% of SPARKY tokens will be listed on DEXs to foster widespread adoption and engagement, allowing community members to participate in the ecosystem and contribute to its growth.
20% of SPARKY tokens will be distributed to BARK holders on a 1:1 basis.
15% of SPARKY tokens will be allocated to the BARKers Club "Underdogs" core team and community builders.
Adding Value
SPARKY brings significant value to the project, serving as a club token with its own ecosystem in the future. Holders of SPARKY will benefit from exclusive access to events, unique NFTs, and other community-driven perks.
Community Distribution
Around 50-60% of the total SPARKY supply may be distributed to the community under certain conditions.
Token Information
Community Challenges and Recommendations
Addressing Technical Expertise and Misunderstandings
Many community members lack sufficient technical expertise, leading to confusion and attempts to deceive the project. It’s crucial for users to understand they are responsible for their own funds and actions. Collecting airdrops without understanding the associated security risks can be dangerous. We recommend using a separate wallet for storing BARK tokens to enhance security.
Using Multiple Wallets
We have reviewed several wallets and found that BARK tokens are often collected with other memecoins, causing confusion and security risks. To manage your funds more clearly and safely, we recommend using a separate wallet for BARK tokens.
Additional Rewards for BARK Holders
Rewards for Holding BARK
SPARKY and club tiered tokens or CNFTs will be rewarded to those who hold BARK. A snapshot of BARK token holders will be taken to determine eligibility for these rewards.
Support for Community Development
BARKers Club "Underdogs" Project
The BARKers Club "Underdogs" project focuses on basic development. We actively support the community in building and developing our projects. We have recognized a few community members who have shown initiative in building and improving BARK. They have been rewarded and offered positions on our team.
Commitment to Continuous Improvement
Unlike many memecoins that simply add tokens to the market and wait to see what happens, we are dedicated to building a better BARK every day, seven days a week. All development is driven by our community, ensuring that our progress aligns with the needs and interests of BARK holders and investors.
We are dedicated to ensuring BARK and SPARKY tokens are compatible with a broader DEX ecosystem and offer added value to the community. At the same time, we emphasize the importance of security and clarity in token management.
Thank you for your continued support!
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