What Is SparkPoint and How to Convert Crypto to SRK Profitably?
SparkPoint Technologies or simply “SparkPoint” creates an ecosystem that offers an innovative alternative payment platform that seeks to educate users on financial literacy and satisfy their craving for entertainment at the same time rewarding them for using the platform. The SparkPoint crypto (SRK token) brings convenience for users in the market in terms of paying for utilities, making online purchases, paying for transactions and licenses, etc. The ecosystem has many segments, which we will be discussing shortly.
What is SparkPoint?
SparkPoint is an ecosystem fostering cryptocurrency adoption through its blockchain platform. To achieve its goal, the company came up with the SparkPoint Wallet and blockchain games through SparkPlay. There is a blockchain-based e-learning program known as SparkLearn.
SparkPoint was established in 2018 and they had less than $50,000 in funds when they started the project. There was no ICO for the SRK token, which explained why they have such a meager fund to start with. Nevertheless, the company expanded exponentially in team members, and their SRK token is continuously increasing in market value while adding more products and features to their ecosystem.
The native token of the SparkPoint ecosystem is SRK. There’s another one for their decentralized finance (DeFi) platform, it’s SparkPoint Fuel (SFUEL). SRK token is an Ethereum-based token while the SFUEL is based on the Binance Smart Chain (BSC). Last year, SparkPoint have launched their DeFi platform dubbed as SparkDeFi. It is here that SFUEL plays a prominent role as a governance token for the platform.
The team behind SparkPoint
The brain behind the SparkPoint project is Andrino Agnas who is a Philippine-based crypto investor and a certified public accountant. He is presently the CEO of SparkPoint technologies. Another member of the team is Rico Zuñiga who is the CTO of the company. Rico has extensive knowledge of the tech industry spanning over 16 years, which makes him one of the pioneers of the blockchain tech startup sector in the Philippines. In 2018, SparkPoint was just a 2 team-members company and now it has grown in strength to reach 17 full-time and 5 part-time staff in the first quarter of 2021.
Key features of the project
The key features of the project lie in its unique ecosystem that includes many segments discussed below:
- SparkPoint Wallet
The SparkPoint Wallet is a non-custodial mobile wallet that supports several cryptos like the SparkPoint SRK, BTC, BNB, ETH, ERC-20, and BEP-20 based tokens. There are built-in DEXs, which include Changelly, ChangeNOW, and Uniswap. The company has also applied for a Virtual Currency Exchange license that will allow the SparkPoint Wallet to integrate fiat currencies into its mobile wallet in the future.
This is the e-learning feature of the SparkPoint ecosystem that concentrates on educating users about financial literacy, cryptos, and blockchain technology in general. SparkLearn presently provides free courses on the listed topics above. The e-learning platform is constantly improved upon via UX/UI improvement, incorporating a Learn-to-Earn model, and introducing new mentors on the platform.
This feature provides a range of crypto-infused mobile casual games and there are presently games like Crypto Shooter, Crypto Slicer, Crypto Burst, and Crypto Shooter available on the SparkPlay platform. The SparkPlay platform employs a Play-to-Earn gaming model where tournaments and achievement bounties are given out regularly.
This feature allows users to earn SRK and other bounty tokens from sponsors through the rewards and referral program. Users just need to carry out simple bounties to qualify for these goodies. Users can also use their SparkEarn accounts as a single sign-on account for other SparkPoint features in the ecosystem.
The DeFi platform of the company, SparkDeFi, provides an Automated Maker Market (AMM) decentralized exchange, a token bridge for ERC-20 SRK to SRKb BEP-20 token on the Binance Smart Chain (BSC), P2P borrowing and lending, pool-based staking, liquidity, and DeFi assets protocols management in a secure, interoperable, transparent, seamless manner. The SparkDefi platform uses a governance token called SFUEL.
What is SRK coin?
SRK is the native utility token of the SparkPoint Ecosystem ans was launched on the Ethereum network on March 14, 2019. It serves the following functions:
- Rewards for Liquidity Providers and Stakers
- Payment for SparkPoint IT-BPO services
- Rewards for users who have completed bounties tasks in SparkEarn
- Prizes in SparkPlay tournaments and achievements
- Payment for SparkLearn courses
- Payment for SparkPlay game NFTs
The initial total supply for the Spark Point cryptocurrency was 20 billion. However, several burning of SparkPoint tokens has cut down the total supply to 13,738,498,193. The quarterly burning of SRK tokens will continue until it reaches the final fixed maximum volume of 10 billion SRK tokens.
20% of the original total supply of 20 billion was shared among those that participated in the private sale of the SparkPoint crypto. 7% was reserved for airdrops and marketing campaigns, and another 10% was allocated for community development. There was a minimal amount reserved for sale to prevent any case of sudden price fall of the SparkPoint coin. A 38% majority of the SRK token was reserved for the development of the SparkPoint ecosystem and the majority of the burned tokens comes from this percentage.
How to exchange SparkPoint cryptocurrency?
This is how you can buy SparkPoint cryptocurrency on Swapzone with any of the listed pairings like Bitcoin (BTC), Ethereum (ETH), or any other crypto that is acceptable.
Step 1. Visit Swapzone and select the SRK coin exchange you want. Ensure you know the exact amount of SparkPoint coins you want to buy.
Step 3. Input the number of SparkPoint cryptos you want to exchange, then you can select the SRK exchange that suits you by clicking on the “exchange” button.
Step 4. Input the address where you want to receive the SRK crypto.
Step 5. There is also an option for a refund address, which is the address where the asset you are swapping for SRK will be refunded to incase of any issues.
Step 6. Click on the “proceed the exchange” button to carry out the exchange.
Step 7. Take your time for leaving a review and rating the exchange. We care for making it better and would love to hear about your experience.