Dear BitTap Users,
We are pleased to announce that BitTap will officially launch the SPKUSDT perpetual contract trading pair on June 17, 2025 (UTC+8). This contract supports both long and short positions, with leverage of up to 50x. We warmly invite all users to participate and experience flexible and efficient derivatives trading.
Launch Schedule
• Contract Trading Start Time: June 17, 2025 (UTC+8)
Contract Product Information
• Trading Pair: SPKUSDT Perpetual Contract
• Underlying Asset: SPK
• Quote Asset: USDT
• Supported Network: Ethereum
• Maximum Leverage: 50x
• Funding Rate Mechanism: Settled every 8 hours
• Trading Mechanism: USDT-margined, perpetual contract, supports bi-directional trading
Project Introduction: SPK (Synapse SPARK)
SPK is the native token of Synapse, a leading cross-chain interoperability protocol that enables secure and efficient communication and asset transfers between blockchains.
SPK powers Synapse’s delegated proof-of-stake security layer and plays a key role in staking, governance, and validator incentives.
Key Metrics
Market Cap: $96.17 million
Fully Diluted Market Cap: $565 million
24h Volume / Market Cap: 87.39%
All-Time High: $0.1774 (2025-06-17)
All-Time Low: $0.05349 (2025-06-17)
Circulating Supply: 17 billion SPK
Max Supply: 100 billion SPK
Total Supply: 100 billion SPK
Circulating Ratio: 17.00%
Risk Warning
Cryptocurrency derivatives trading involves significant risk. SPK is a newly launched asset and may experience high volatility. Please evaluate your risk tolerance and trade cautiously.
Thank you for your continued support and trust in BitTap!
BitTap Team
June 17, 2025