SparkPoint: Reinventing Digital Payments, Building A Better Future
A glimpse on the company’s effort to fast-track the mainstream adoption of blockchain and cryptocurrency
With the mission to reinvent digital payments to actualize its vision of building a better future, SparkPoint has developed an ecosystem of products utilizing blockchain technology and cryptocurrency to provide solutions for existing difficulties in the financial economy and literacy markets. These solutions are SparkPoint Wallet, SparkLearn, SparkEarn, and SparkDeFi.
Over the years, the SparkPoint team has been constantly building and improving its product ecosystem for its community, and 2021 is no exception at that. This year has just begun but SparkPoint has already delivered significant targets in its roadmap.
Let’s start with the exchange listings of the SparkPoint Token (SRK) and SparkPoint Fuel (SFUEL). The native utility token SRK has been listed in numerous top centralized exchanges such as KuCoin, currently ranked 5th on CoinMarketCap’s Top Cryptocurrency Spot
> Trade SRK here
> Trade SFUEL here
There are also notable updates in the SparkPoint Wallet, a non-custodial crypto wallet that can store SRK, Bitcoin, Etheruem, and other cryptocurrencies. The 6.0 update included an overall refresh to the user interface of the app, integrating the color and hues of the SparkDeFi web app. It doesn’t only bring an aesthetic change but also some major fixes, security updates, and a boost in performance. Also, the SparkPoint Wallet has finally arrived on the iOS platform. The Early Preview is available for beta testing through Apple’s TestFlight app.
> SparkPoint wallet on Google Play Store
> Download SparkPoint wallet for iOS
The community may also look forward to the Blockchain Developer Bootcamp. SparkLearn’s first developer boot camp is a 16-week online course focused on teaching the fundamental concepts and key tools in a smart contract and decentralized application (DApp) development. SparkLearn is an e-learning platform for blockchain technology and financial literacy courses.
> Visit SparkPoint’s Blockchain Developer Bootcamp website
In SparkPlay, a gaming platform where all games are blockchain-based, there are added levels in Crypto Burst and Crypto Shooter to keep the games fresh and interesting. Also, watch out for the new original crypto game announcement slated for April.
> Crypto Burst on Google Play Store
> Crypto Shooter on Google Play Store
For SparkDeFi, a governance token-based DeFi platform that empowers individuals to unlock the true value of their cryptocurrency assets, new DApps were added to the web application. SparkBridge, SparkPoint’s bridging app has arrived on the SparkDeFi web app. The bridging app also gave birth to SparkPoint’s official token on the Binance Smart Chain (BSC), SRKb, through SparkPoint’s bridging contract. SparkSwap, SparkPoint’s decentralized exchange (DEX) is finally here. You can instantly swap multiple cryptocurrencies in a trustless and decentralized manner with SparkSwap DEX. It is still in its early preview state with new features and UI/UX improvements that will be done in the coming months.
Furthermore, SparkPoint conducted a Buy Back and Burn for Q1 2021. A total of
156,517,111.066 SRK, an approximate 2.7M USD, was bought and burned from the previous 14M SRK total supply. SparkPoint uses 10% of its quarterly profit to buy back and burn SRK tokens every quarter to reduce the overall circulating SRK token supply. This is to ensure the stability of the SRK token value in the market. The Buy Back and Burn Program started in the second quarter of 2019 and has continued up to now and will continue in the future. SparkPoint will conduct this series of quarterly Buy Back and Burn until the SRK token supply reduces to 10B. As of today, 6.1 billion SRK tokens have already been burned. The current total supply is 13,838,891,241 SRK.
The SparkPoint ecosystem strengthened its partnership endeavors. New partnerships with ChangeNOW, NEM, and DAOMaker brought their project integration to SparkPoint Wallet while the collaboration with Project Hydro focused more on the exploration of the Raindrop API and Snowflake Protocol for security features. Another addition to SparkPoint’s roster of partners is
CoinPayments and Shopping.io. CoinPayments, a global crypto payment gateway, has nearly 3 million users and merchants across more than 200 countries. With the addition of SRK to its supported cryptocurrencies on CoinPayments, SRK has broadened its reach to more users and this will enable the SRK community to use the SRK token as a payment option to 70,000+ merchants that are using CoinPayments as a payment gateway. Meanwhile, Shopping.io brings SRK to the e-commerce industry. Users will be able to shop and pay SRK on the major ecommerce platforms like Amazon, eBay, Walmart, etc. through CoinPayments as a payment processor on the Shopping.io e-commerce website.
Lastly, SparkPoint placed first in BitMart 3rd-anniversary event “Root For Your Spotlight Project” where trading events and competition were launched for traders and cryptocurrency projects. The SparkPoint team is thankful for this opportunity to be part of the anniversary event of BitMart. This is another honor for the SparkPoint team since last year BitMart recognized SparkPoint as the number 1 crypto gainer in their exchange during 2020 with a 4,553.25% year-to-date return rate in USDT, and also recognized as one of Bitmart’s Cryptos of the Year for 2020. The SparkPoint project with a minimal budget of less than $50K has beaten other teams with multi-million-dollar budgets, a fact that the project has been very proud of.
The first quarter of 2021 may be over but the SparkPoint team assures its community that the project will deliver all of its targets for its 2021 roadmap. They can look forward to SparkPoint Wallet Major Update: iOS Version, the official release of SparkSwap, the announcement of the new cryptocurrency game under SparkPlay, the Q2 2021 Buy Back and Burn Event, more partnership announcements, and exchange listings, and the expansion of the SparkPoint team. Exciting times lie ahead to the SparkPoint community.
> Visit SparkPoint’s website
> Follow SparkPoint on Twitter
> Join the SparkPoint Community on Telegram