SparkPoint: What is it?
The SparkPoint Blockchain Platform enables cryptocurrency adoption via blockchain technology. SparkPlay, a blockchain gaming platform, can be used to play a variety of games using the SparkPoint Wallet. It also provides e-learning services under SparkLearn.
FOUNDERS:
Andrino Agnas spearheaded SparkPoint, a crypto investment firm based in the Philippines. Andrino’s son Andy leads SparkPoint as CEO. Rico Zuniga is currently Chief Technology Officer of SparkPoint. He has been a serial tech entrepreneur and early advisor since the company’s inception. Rico has over 16 years of experience in the tech industry and is one of the pioneers of Philippine tech startups.
The company started with two employees in 2018, and by Q1 2021 had 17 full-time employees and five part-time employees. For its roadmap to be delivered, the company continues to accelerate its growth and expansion.
Token SRK:
In addition to its native tokens, SparkPoint has two additional ones called SparkPoint Fuel (SFUEL) and SparkPoint (SRK). In its ecosystem, SRK is the main crypto asset that runs on the Ethereum blockchain. Alternatively, SFUEL runs on Binance Smart Chain, as it is a BEP20 token.
SRK token is used for:
- Purchasing SparkLearn courses
- SparkPlay tournament prizes and achievements
- SparkPlay payment for NFTs
- In SparkEarn, you’ll be rewarded when you complete bounties
- Liquidity providers and traders receive rewards
- The payment for SparkPoint’s IT-BPO services
SparkPoint Fuel (SFUEL):
Governance token SFUEL is part of the SparkDeFi ecosystem. Many different ways will be open to token holders to determine the trajectory of SparkDeFi. In addition to fueling all fees, SFUEL also functions as the fuel source.
Besides SparkDeFi, SparkStake is SparkDeFi’s liquid staking platform. Besides SparkLend, the company will also launch SparkDash, a DeFi-based asset management system. In addition, SparkSwap will be launching a decentralized exchange (DEX).
SFUEL and SRK Use Cases:
It seems as though SRK is on its way to becoming an actual cryptocurrency with market value and applications. SparkPoint has been taking back its SRK tokens from the open market to burn to improve its market performance, and this is resulting in a high search volume on CoinMarketCap.
The SRK token, apart from being a regular cryptocurrency, can also be used on a variety of SparkPoint platforms. As for SparkDeFi, SRK is used as collateral for its P2P lending marketplace as well as for rewards to mining operators.
SparkDeFi is the primary focus of SFUEL. A governance token inside the ecosystem supports the operation of the platform. Incentives are available to users of SparkDeFi who participate in the governance process.
As an alternative to SRK, users may receive SFUEL for mining liquidity.
SparkPoint consists of the following components:
SparkPoint Wallet
An open-source non-custodial mobile cryptocurrency wallet that supports multiple cryptocurrencies, such as SparkPoint (SRK), Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and others. The solution also provides built-in decentralized exchanges, such as ChangeNOW, Uniswap, and Changelly. To enable fiat integration in SRKt Wallet, a license application for virtual currency exchanges (VCEs) is in progress.
SparkLearn
Blockchain technology, cryptography, and financial literacy are the focus of this e-learning platform. There are currently free courses available for these topics, and the platform is continually improving UI/UX, onboarding new mentors, and developing a Learn-to-Earn model to provide more value. Educational content is an important part of SRK.
SparkPlay
Mobile casual games that revolve around the theme of cryptocurrency. Many games are currently available, including Crypto Slicer, Crypto Burst, and Crypto Shooter. The Play-to-Earn (P2E) video game model of SparkPlay regularly includes tournaments and achievement bounty programs. The peer-to-peer model in gaming is a paradigm where players get a substantial share of the benefits. With blockchain technology, gamers can earn cryptocurrency rewards and own the video game items they play.
SparkEarn
SRK and other tokens are earned by completing simple bounties as part of the SparkPoint referral and rewards program. In addition to SparkEarn, the SparkPlay and SparkDeFi services will use SparkEarn accounts for single sign-on (SSO).
SparkDeFi
The Asset Charter Platform enables individuals to unlock the value of their cryptocurrency assets under a governance token-based platform. AMM Decentralized Exchange. Pool-Based Liquidity Stakes. P2P Lending and Borrowing. And DeFi Assets Protocol Management. All these services are available across SparkDeFi in a seamless, transparent, secure, inclusive, and interoperable manner.
SRK was founded with $50,000 in funding. With these minimal capitals and the team’s dedication, determination, and hard work, they were able to create blockchain-based products and services such as SparkPoint Wallet, SparkPlay, SparkEarn, and SparkDeFi. Several hundred thousand users benefit from these products and services, and they continue to grow.
