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About SparkPoint Fuel
Key Points
- SparkPoint Fuel (SFUEL) is the governance token of SparkDeFi, a decentralized finance platform.
- Launched on December 20, 2020, with an initial total supply of 150 million SFUEL tokens.
- Token distribution: 18.8889% to private sale participants, 1.1111% to early supporters, 50% for liquidity and staking rewards, 10% to the team, 10% for marketing and community airdrops, and 10% reserved as contingency.
- Founders: Andrino Agnas (CEO) and Rico Zuñiga (CTO).
- SFUEL is available for trading on
Introducing SparkPoint Fuel: Empowering the Future of Cryptocurrency
Introducing SparkPoint Fuel (SFUEL): A Revolutionary Cryptocurrency
SparkPoint Fuel (SFUEL) was inaugurated on December 20, 2020, and serves as the governance token of SparkDeFi, the decentralized finance platform pioneered by Sparkpoint.
SFUEL is a novel DeFi token project conceived by SparkPoint Technologies Inc., the visionary team behind SparkPoint (SRK). As a duly registered corporation in the Philippines under the SEC, SparkPoint Technologies Inc. is poised to revolutionize the industry. The project’s ambitious goal is to accelerate the widespread adoption of blockchain and cryptocurrency through a comprehensive ecosystem of practical, user-centric products and services.
SparkDeFi is a comprehensive decentralized finance ecosystem that seamlessly integrates a decentralized exchange (SparkSwap), liquidity provision (SparkStake), pool-based staking (SparkPool), an Ethereum ERC-20 to BSC BEP-20 interoperability bridge (SparkBridge), peer-to-peer lending and borrowing (SparkLend), and DeFi assets management protocols (SparkDash), thereby providing a unified, transparent, secure, inclusive, and interoperable platform.
The Circulating Supply of SFUEL Tokens: A Closer Look
The SFUEL token was officially introduced on the Binance Smart Chain mainnet on December 20, 2020, boasting an initial total supply of 150 million SFUEL tokens.
Of the initial total supply, 18.8889% of the tokens are allocated to private sale participants, subject to a 6-month vesting period with a monthly distribution of 16.67%. Meanwhile, 1.1111% of the tokens are reserved for early supporters, who are bound by a 3-month vesting period with a monthly distribution of 33.33%.
A substantial allocation of 50% or 75 million SFUEL tokens is designated for liquidity and staking rewards, with a distribution timeline aligned with the staking rewards program schedule.
A 10% allocation is designated for the team, subject to a 2-year cliff and a 5-year vesting period, with a yearly distribution of 20%. A further 10% is earmarked for marketing initiatives and community airdrops. The remaining 10% is set aside as a contingency fund, locked for a period of 5 years.
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 prolific tech entrepreneur and early advisor to SparkPoint, assumes the role of Chief Technology Officer. With over 16 years of experience in the tech industry, Rico is a trailblazer in the Philippine tech startup ecosystem.
SparkPoint’s humble beginnings in 2018 with a team of just two individuals have given way to remarkable growth, with the company boasting a workforce of 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.
SparkDeFi, a flagship endeavour of SparkPoint, boasts an ambitious roadmap that stretches from 2020 to 2022, outlining a comprehensive vision for the future.
Acquiring SparkPoint Fuel (SFUEL): A Comprehensive Guide
SFUEL is now accessible for trading on an expanding array of exchanges, boasting an increasing range of cryptocurrency and stablecoin pairing options.
PancakeSwap boasts unparalleled liquidity for its SFUEL/WBNB and SFUEL/BUSD trading pairs. Furthermore, SFUEL is also accessible on BitMart, where it is paired with ETH, and on Bithumb Global, where it is paired with USDT.
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The SparkDeFi ecosystem is comprised of a multifaceted architecture, featuring:
Experience Seamless Trading with SparkSwap
Introducing a cutting-edge, decentralized exchange that leverages automated market making, supporting a diverse array of cryptocurrencies, akin to Uniswap, but uniquely situated on the Binance Smart Chain platform. This innovative platform provides users with a seamless, end-to-end “one-stop-shop” DeFi experience.
Introducing SparkStake
Experience the innovative concept of cryptocurrency staking, where liquidity providers are incentivized with SRK or SFUEL tokens. This platform offers a diverse range of liquidity staking options, catering to varied user preferences.
SparkPool: Unlock the Power of Decentralized Finance
Embark on a lucrative cryptocurrency staking experience, where pool stakers are rewarded with SRK or SFUEL tokens. Diversify your staking portfolio by participating in a variety of pool staking options.
Introducing SparkBridge
Experience seamless cross-blockchain bridging, effortlessly transferring Ethereum-based ERC-20 SRK tokens to Binance Smart Chain, where they are seamlessly converted to BEP-20 SRKb tokens. This innovative solution also extends its support to other ERC-20 tokens, ensuring a broader range of possibilities.
Introducing SparkLend: Pioneering Decentralized Lending
Innovative blockchain-based P2P lending platform that harnesses the power of diverse cryptocurrency assets and Non-Fungible Tokens (NFTs). This pioneering marketplace accommodates altcoins and unique digital assets, including NFTs or cryptocollectibles, such as in-game items, virtual real estate, and digital art pieces, as collateral. By offering microlending opportunities, our platform democratizes access to finance and fosters greater financial inclusion. Furthermore, users can capitalize on our liquidity savings pools to generate a steady stream of passive income.
Introducing SparkDash
Our mission is to democratize DeFi, making it accessible and user-friendly for everyone, regardless of technical proficiency. By harnessing the power of a robust DeFi Protocols Management platform, we provide seamless access to a diverse range of DeFi protocols. Through an intuitive, user-centric dashboard, users can effortlessly manage their asset portfolios and collateralized debt positions (CDPs), enjoying a comprehensive, end-to-end DeFi experience.
The SFUEL Token: Empowering a New Era of Decentralized Applications
The SFUEL token serves as SparkDeFi’s governance token, empowering holders to assume a pivotal role in shaping the platform’s trajectory. As DAO members, they wield significant influence, guiding the protocol’s direction through a systematic and democratic voting process.
SFUEL is the native governance token, serving as the linchpin for:
- SparkDeFi DAO: A Decentralized Governance Framework for the SparkDeFi Ecosystem
- Payment Modalities: Fees on SparkDeFi can be settled via interest income generated by lenders and savers or through interest payments made by borrowers
- Staking Incentives: SFUEL tokens are distributed as rewards to participants in our Liquidity Staking/Mining and Savings Pools when they stake SRK or SFUEL pairs
- Governance Incentivization: SFUEL token holders who actively contribute to SparkDeFi’s governance, thereby driving its continued growth and improvement, are eligible to receive SFUEL rewards