More Investors Sign Up to Sparklo (SPRK) as Flare (FLR) and PancakeSwap (CAKE) Struggle

The crypto world is showing excitement in the entry of decentralized metal market trading through Sparklo, proving to be a fresh hope for investors.

Flare (FLR) continues to airdrop in Coinbase in a bid to stabilize the struggling project, while PancakeSwap (CAKE) tries to cut down on its inflation.

Sparklo (SPRK): The New Go-to Project

A new project is sparking investors’ interest by becoming the first platform to bring metal market trading on the blockchain. Sparklo will decentralize metal market trading and bring it to the blockchain.

Investors can now trade gold, silver, and platinum on the platform. The metal assets will be tokenized into SPRK tokens, the cryptocurrency powering Sparklo, making it possible to trade in the platform.

Stakers will then be able to invest in the metal asset of their choice. Sparklo will fractionalize the metal assets so that one can have a fraction of shares of a metal asset, which will lower the entry barrier and make metal market trading accessible to more people.

Gold, silver, and platinum are hardly liquid, as they are hard to sell on short notice. But, Sparklo is making it easy for platform users to sell from peer-to-peer without going through intermediaries. Through the platform, it will be easy to trade your metal assets and acquire finances quickly.

Already, within the first ten days of the launch of its presale, over 2,000 investors have signed up, and the numbers are projected to increase. The presale is in level 1, and the token goes at a price of only $0.017.

Interfi Network has audited Sparklo and the Sparklo team has processed a KYC.

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Coinbase Airdrops 601 Million Flare (FLR) Tokens

Recently, Coinbase airdropped 601 Million Flare (FLR) tokens to eligible XRP holders on its platform. These included Coinbase customers who had an XRP balance on the Coinbase exchange and Coinbase Pro on December 12, 2020, at 00:00:00 UTC.

The Flare (FLR) airdrop was distributed at the ratio of 1.0073 per 1XRP x 0.15 (15% of the total community supply).

Initially, on January 9, Flare (FLR) had airdropped 4.279 billion Flare (FLR) tokens across multiple major exchanges such as Kraken, Binance, BitBank, Binance, OKX, Bithumb, Kucoin, UpBit, and others.

This was one of the largest token distributions in the crypto world. Despite the airdrop, Flare (FLR) token is still on a steady decline, with investors having bearish sentiments about the project.

PancakeSwap (CAKE)’s DAO Vote to Reduce Interests Earned

Since the beginning of April, PancakeSwap (CAKE)’s DAO started debating a proposal published by the core developers to reduce the interest earned by CAKE stakers. The proposal was made in a bid to cut CAKE’s inflation rate while stemming the token’s emission rate (the rate at which new tokens are released).

Currently, 70% of the PancakeSwap (CAKE) community members have already voted in favor of the proposal, which will cut CAKE’s interest to 3-5%, down from 20%.

PancakeSwap (CAKE) seeks to achieve this by changing CAKE emission from 6.65 CAKE to 3 CAKE per block, with the first reduction being immediate and then a 0.5 CAKE token emission slash per month.

This will happen for five months until PancakeSwap (CAKE) achieves an emission rate of 0.35 CAKE per month.

The proposal and the efforts to tame PancakeSwap (CAKE)’s emission and interests are in a bid to tame unsustainable interests and inflation. Investors are waiting to see whether the efforts will revive the struggling project.

Find out more about the presale:

Buy Presale: https://invest.sparklo.finance

Website: https://sparklo.finance

Twitter: https://twitter.com/sparklo_finance

Telegram: https://t.me/sparklofinance