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About SparkPoint
Key Points
- SparkPoint is a cryptocurrency startup in the Philippines, launched on October 5, 2018.
- Initial funding: $50,000.
- SRK token was launched on the Ethereum mainnet on March 14, 2019 with an initial total supply of 20 billion SRK tokens.
- Current total supply: 13,838,891,241 SRK tokens.
- Token burns are scheduled every quarter to reduce the total supply to its final fixed maximum value of 10 billion SRK tokens.
- Founders: Andrino Agnas (CEO) and Rico Zuñiga (CTO).
- SR
About SparkPoint: Empowering a New Era of Blockchain Innovation
Introducing SparkPoint (SRK): A Revolutionary Cryptocurrency
SparkPoint, formally known as SparkPoint Technologies Inc., is a duly registered corporation in the Philippines, sanctioned by the Securities and Exchange Commission (SEC). Launched on October 5, 2018, it stands as one of the pioneering cryptocurrency startups in the Philippines. The project’s overarching objective is to accelerate the mainstream adoption of blockchain technology and cryptocurrency through a comprehensive ecosystem of practical products and services.
SparkPoint embarked on its journey with an initial investment of $50,000, a modest sum that belied the team’s unwavering discipline, unrelenting determination, and tireless work ethic. This potent combination enabled the launch of a diverse array of blockchain-based products and services, including SparkPoint Wallet, SparkLearn, SparkPlay, SparkEarn, and SparkDeFi. Collectively, these offerings have garnered a user base of hundreds of thousands, with a steady upward trajectory.
The Circulating Supply of SRK Tokens: A Closer Look
The SRK token was inaugurated on the Ethereum mainnet on March 14, 2019, boasting an initial total supply of 20 billion SRK tokens. A succession of token burns has incrementally diminished the total supply, which now stands at 13,838,891,241 SRK tokens. To further consolidate the supply, regular token burns are slated to occur quarterly, ultimately culminating in a fixed maximum value of 10 billion SRK tokens.
Of the initial total supply, 20% of the tokens were reserved for private sale participants. A minimal allocation was designated for public sale to mitigate the risk of a sudden price plummet of SRK in the market. A 7% allocation was earmarked for marketing initiatives and airdrops, while 10% was set aside for community development programs. The majority of the tokens, 38%, were dedicated to SparkPoint Ecosystem Development, which also included a significant portion of the tokens that were subsequently burned. The remaining tokens were distributed as follows: 10% to the Founders, 5% to the current team, another 5% to future team members, and the remaining 5% to advisors.
The Visionaries Behind SparkPoint: Meet the Founders
SparkPoint is the visionary brainchild of Andrino Agnas, a certified public accountant and seasoned cryptocurrency investor based in the Philippines. As the Chief Executive Officer of SparkPoint, Andy brings his expertise to the helm. Meanwhile, Rico Zuñiga, a seasoned tech entrepreneur and early advisor to SparkPoint, serves as the company’s Chief Technology Officer. With over 16 years of experience in the tech industry, Rico is a pioneer in the Philippine tech startup ecosystem, lending his vast knowledge to SparkPoint’s innovative endeavors.
SparkPoint’s humble beginnings in 2018 comprised a team of just two individuals, but through remarkable growth, the company had scaled up to 17 full-time and 5 part-time employees by Q1 2021. This rapid expansion is a testament to the company’s unwavering commitment to delivering on its roadmap.
Acquiring SparkPoint (SRK): A Comprehensive Guide to Exchanges and Marketplaces
SRK is now accessible for trading on an expanding array of exchanges, boasting an increasing range of cryptocurrency and stablecoin pairing options.
KuCoin, Bilaxy, and BitMart presently provide optimal liquidity for SRK, featuring support for SRK/BTC, SRK/ETH, and SRK/USDT trading pairs. Meanwhile, Uniswap offers a decentralized platform for exchanging SRK with Ethereum (ETH) and other ERC-20 tokens. Additionally, HotBit facilitates a SRK/Tether (USDT) pairing.
New to the world of cryptocurrency? CoinMarketCap presents a beginner’s comprehensive guide to purchasing Bitcoin or any other digital token with ease.
The SparkPoint Ecosystem is Comprised of the Following Integral Components:
Introducing SparkPoint Wallet
Introducing a cutting-edge, non-custodial mobile cryptocurrency wallet that seamlessly supports a diverse array of digital assets, including SparkPoint (SRK), Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and a wide range of ERC-20 tokens. Additionally, the wallet features integrated Decentralized Exchanges, such as Uniswap, ChangeNOW, and Changelly, providing users with unparalleled flexibility. Furthermore, a Virtual Currency Exchange (VCE) license application is currently underway, paving the way for the legal integration of fiat capabilities within the SparkPoint Wallet.
SparkLearn
SparkPoint is a cutting-edge e-learning platform dedicated to providing comprehensive educational content on blockchain technology, cryptocurrency, and financial literacy. The platform currently boasts a diverse range of free courses on these topics, with ongoing enhancements to its user interface and user experience, the onboarding of esteemed mentors, and the integration of an innovative
Learn-to-Earn
model. At the core of SparkPoint lies a profound commitment to education.
SparkPlay
A curated assortment of mobile casual games, unified by a cryptocurrency theme, offers an immersive experience. The current portfolio comprises Crypto Slicer, Crypto Burst, and Crypto Shooter. To further enhance engagement, SparkPlay regularly hosts tournaments and achievement bounties as an integral part of its pioneering
Play-to-Earn (P2E)
gaming model. This innovative paradigm is revolutionizing the gaming landscape, where a substantial portion of the value is redistributed to the players themselves. By leveraging blockchain technology, players are empowered to exercise true ownership over in-game items and accrue cryptocurrency rewards, fostering a more inclusive and rewarding experience.
SparkEarn
In the SparkPoint referral and rewards program, users have the opportunity to earn SRK and other tokens from sponsors by completing simple bounties. Additionally, SparkEarn accounts are currently utilized as a
single sign-on (SSO)
solution for SparkLearn, as well as forthcoming SparkPoint services, including SparkPlay and SparkDeFi.
SparkDeFi: Igniting the Future of Decentralized Finance
A pioneering governance token-based platform that liberates individuals to tap into the full potential of their cryptocurrency holdings. SparkDeFi presents a comprehensive ecosystem, featuring an Automated Market Maker (AMM) Decentralized Exchange, Liquidity and Pool-Based Staking, Peer-to-Peer Lending and Borrowing, as well as DeFi Assets Protocols Management, all converging in a seamless, transparent, secure, inclusive, and interoperable experience.
SparkDeFi boasts an array of impressive features, including:
- Optimized Liquidity Staking Solutions
- Decentralized Pool-Based Staking Mechanisms
- SparkBridge: Seamless Bridging of ERC-20 SRK (Ethereum) to Binance Smart Chain as BEP-20 SRKb Token
- SparkSwap AMM Exchange: An Exclusive Preview of Our Revolutionary Automated Market Maker Decentralized Exchange
SRK: The Native Utility Token Powering a Multitude of Functions
- Settlement for SparkLearn educational programs
- Awards in SparkPlay competitive tournaments and accomplishments
- Acquisition of exclusive SparkPlay game NFT assets
- Incentives for fulfilling bounties in SparkEarn
- Compensation for Liquidity Providers and Stakers
- Remuneration for SparkPoint IT-BPO solutions