On June 17, 2021, Kiwipay Pte Ltd announced a partnership with SparkPoint Technologies Inc., registered in the Philippines under the SEC.
The SparkPoint project was launched on October 5, 2018, and has been pioneering the cryptocurrency ecosystem in the Philippines. Sparkpoint has been focused on bolstering the adoption of blockchain and cryptocurrency through its offering of products and services.
In 2018, SparkPoint launched with $50,000 of funding and since then was able to roll out various blockchain-based products and services while serving hundreds of thousands of users in its home country and around the world.
SparkPoint’s Ecosystem of products and services:
Non-custodial mobile cryptocurrency wallet that natively supports various cryptocurrencies including SparkPoint (SRK), Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and other ERC-20 tokens and Binance Smar Chain BEP20 tokens. It also offers built-in Decentralized Exchanges including Uniswap, ChangeNOW, and Changelly. A virtual currency exchange (VCE) license application is ongoing to legally enable fiat integration in the SparkPoint Wallet.
The SparkPoint wallet is available for download on the Apple app store and Google play store.
E-learning platform focused on educational content about blockchain technology, cryptocurrency, and financial literacy. The platform currently offers free online courses on the topics of blockchain technologies, cryptocurrencies, and financial literacy. The platform provides mentoring, the Learn-to-Earn model, and more.
Collection of mobile casual games with cryptocurrency as a central theme. Currently available games include Crypto Slicer, Crypto Burst, and Crypto Shooter. Tournaments and achievement bounties are being conducted regularly as part of SparkPlay’s Play-to-Earn (P2E) gaming model. P2E is an emerging paradigm in gaming where a significant chunk of value goes to players. Using blockchain technology, players are empowered to truly own game items and earn cryptocurrency rewards.
SparkPoint referral and rewards program where users can earn SRK and other tokens from sponsors by performing simple bounties. SparkEarn accounts are also currently being used as a single sign-on (SSO) account for SparkLearn and future SparkPoint services including SparkPlay and SparkDeFi.
A governance token-based platform that empowers individuals to unlock the true value of their cryptocurrency assets. SparkDeFi offers an Automatic Market Maker (AMM) Decentralized Exchange, Liquidity and Pool-Based Staking, P2P Lending and Borrowing, and DeFi Assets Protocols Management in a seamless, transparent, secure, inclusive, and interoperable approach.
The SRK token was launched on the Ethereum MainNet on March 14, 2019, with an initial total supply of 20 billion SRK tokens. A series of token burns have reduced the total supply down to 13,838,891,241 SRK tokens. Regular token burns are scheduled every quarter to reduce the total supply to its final fixed maximum value of 10 billion SRK tokens.
Of the initial total supply, 20% of the tokens were distributed to private sale participants. A minimal amount was allocated for sale to avoid any sudden fall in the price of SRK in the market. 7% of the tokens were allocated for marketing and airdrops, and 10% for community development programs. The majority of the tokens were allocated for SparkPoint Ecosystem Development at 38%. Most of the tokens that were burned were also part of this allocation. As for the rest of the tokens, 10% were allocated for the Founders, 5% for the current team, another 5% for future team members, and the remaining 5% for advisors.
SparkPoint is the brainchild of Andrino Agnas, a CPA and cryptocurrency investor based in the Philippines. Andy currently serves as the Chief Executive Officer of SparkPoint. Rico Zuñiga, a serial tech entrepreneur and early advisor of SparkPoint, currently serves as its Chief Technology Officer. Rico has been in the tech industry for more than 16 years and is one of the pioneers in the Philippine tech startup industry.
SparkPoint started with a staff of 2 in 2018 and was able to grow to 20+ employees in Q1 2021. The company continues to rapidly expand and grow to ensure the delivery of its roadmap.
KiwiGo & SparkPoint partnership
Starting July 2021, the KGO token is integrated into SparkPoint Wallet. KiwiGo and SparkPoint teams will create pool-based staking pools on SparkDefi to let holders stake KGO to earn SRK and reciprocally stake SRK to earn KGO.
Additionally a KGO/BNB Liquidity Staking Pool has been made available available for LP providers to earn SRK. The KGO is also whitelisted on SparkDefi swap exchange and SparkWallet.
Futures plan includes the set up of liquidity pools on SparkDefi AMM Decentralized Exchange as well as collaboration to let KiwiGo app users earn SRK rewards and pay for goods and services with the SRK token in Africa and Asia.
Learn more about SparkPoint and SparkDeFi from the following links:
Telegram Announcements (SparkPoint): https://t.me/sparkpoint
Telegram Announcements (SparkDeFi): https://t.me/SparkDeFiOfficial
SparkPoint Community on Telegram: https://t.me/SparkPointOfficial
SparkDeFi Community on Telegram: https://t.me/SparkDefi
SparkPoint Twitter: https://twitter.com/sparkpointio
SparkPoint Facebook: https://facebook.com/sparkpointio
SparkPoint Instagram: https://instagram.com/sparkpointio
SparkDeFi Twitter: https://twitter.com/SparkDeFi
SparkDeFi Facebook: https://www.facebook.com/SparkDeFi
SparkDeFi Instagram: https://www.instagram.com/sparkdefi/
SRK on CMC: https://coinmarketcap.com/currencies/sparkpoint/
SFUEL on CMC: https://coinmarketcap.com/currencies/sparkpoint-fuel/