The collaboration team would utilize the cloud technology and Artificial Intelligence (AI) to introduce data management and identity securing platform with the goal of being the cheapest and most integratable to lower the barrier to entry for businesses of any size.

 “ShareRing is extremely pleased to work with Tencent Cloud in developing a world-first identity and document management platform.

We have strong confidence in Tencent Cloud’s capability as one of the most reliable, high-performance, and globally recognized cloud services providers in the world.” Tim Bos, CEO of ShareRing

The new project would first be launched in Southeast Asia, a region that has been heavily affected by the Corona Virus through travel restrictions. Both companies plan on combining technological resources together such as the combination of ShareRings distributed ledger technology (DLT) with Tencent cloud optical character recognition (OCR). This converts characters into text, helping improve the efficiency and accuracy of data entry. Tencent and shareRing plans on helping Southeast Asians with the developments they plan on building.

The ShareRing App

The ShareRing app is a travel platform that will allow users to have access to practically everything concerning travels ranging from hotel reservations, flights, insurance policies, car rentals and tour packages. To add all these, they are also working on an open World passport, the first anonymous contact tracing passport that can be integrated with e-visa on arrival system (eVOA), travel insurance companies, airlines, hotels and retail shops.

The app has already gotten large interest from leaders in the Association of Southeast Asian Nations (ASEAN) region and they are closely working with Thailand to introduce it in the country.

Both projects hope to solve the issue of projects competing over liquidity across all exchanges. It says that crypto assets today are distributed over 200+ exchanges and all projects are competing for a finite amount of liquidity. They plan to solve this by developing a decentralized platform where all liquidity from the entire crypto market will be aggregated into one platform. They would aggregate the order book, depth and price price discovery from all centralized and decentralized digital asset markets.

The product is called Orion Terminal, a decentralized gateway to the entire digital asset market.

Bonded Finance plans on developing an algorithm that will help aggregate, derisk and unlock 50 million in dormant value distributed amongst untapped digital assets. They would also allow altcoin projects that are qualified to borrow against their assets, or pool them and start earning.

The collaboration allows for locked and staked ORN tokens to be made available for yield generation via the Bonded Finance Smart Contracts.  Holders of ORN will have access to Ionic, Bondeds lending / borrowing product. This access will allow them to loan and borrow ORN, Access capital resources, earn as they hold and to also earn from the liquidity incentives.

Alexey Koloskov, CEO + Co-Founder of Orion Protocol states “With a shared mission of bringing greater liquidity, accessibility, and value to open finance, we’re proud to be partnering with Bonded Finance. This will enable ORN holders to further monetize their assets by unlocking even deeper yield generation opportunities, earn liquidity incentives, and loan and borrow ORN – all while furthering ORN’s utility within Bonded’s growing ecosystem.”

Orion protocol would help Bonded Finance by providing them with their protocol’s liquidity API which would allow for streamlined Liquidation of assets available on the Bonded platform thereby allowing it to perform a wide market sweep across all exchanges in the market to efficiently handle potential liquidations. The provision of the API by Orion protocol would allow Bonded finance to transact large quantities of assets strategically without risks associated with it.

Paul Mak, CEO of Bonded Finance, states, “To have a single-source liquidity provider amidst this fragmentation is a small miracle. As we move forward, Orion’s solution will allow us to list more assets and provide smaller projects with needed support. It’s a win for the space.”

Orion Protocol

It is built on the most advanced liquidity aggregator ever developed, Orion Protocol aggregates the liquidity of every single crypto exchange into one platform: providing a decentralized gateway to the entire digital asset market. In doing so, Orion is building a protocol on which to bridge the worlds of crypto, traditional finance, and real world assets.

Bonded Finance

The Bonded platform was created to incubate and deploy experimental, high-yield, smart-contract driven, financial instruments that push the bounds of open finance. Bonding is an algorithmic model that aims to unlock, aggregate and de-risk ~50 billion in dormant value distributed amongst untapped digital assets by allowing supporters of qualifying altcoin projects the opportunity to borrow against these assets or pool them and start earning.

Today, a partnership between Crypto banking platform cashaa and the United Multi-state Credit Co-operative Society has made it possible for 22 banks branches in India who are interested in Crypto banking services. The citizens of India who are interested in Cryptocurrency will soon be able to go to their local bank branches to get Cryptocurrency and to also learn about investing in them.

Cashaa stated that “initially account holders will be able to buy and sell bitcoin (BTC), Cashaa(CAS), Ethereum (ETH) , Binance coin(BNB), Bitcoin Cash(BCH), EOS, Litecoin(LTC) and Ripple (XRP) with cash or the amount balance in rupees”. The 22 branches will be ready to start operations by December, Cashaa’s spokesperson reportedly said.

Lounges For Crypto Customers At The Bank

Cashaa plans on making available Crypto Lounges in all 22 branches where customers can walk into and get educated about cryptocurrencies along with other banking services.

“The United’s existing branches will be transformed and modernized as Crypto Lounges,” Cashaa described, noting that “Members can walk into any of these branches and get educated about cryptocurrencies along with other banking services.”

Cashaa plans on educating members who visit the lounges about investment opportunities, utilities of bitcoin and other cryptocurrency , how to use and to store crypto etc.

The immediate plan is to open these Crypto Lounges in Delhi, Gujarat, and Rajasthan covering a population of 150 million Indians living in these states.

Account holders with the bank will also be able to use their Cryptocurrencies as collateral to take loans in the bank Just like any other traditional loan given by banks.

The crypto exchange plans on conducting security token offerings(STO’s) “in due course” ,this is to help small and medium sized businesses to raise funds. The official report stated.

“Digital assets are poised to be the future of tomorrow’s digital economy. With DBS Digital Exchange, a bank-backed digital exchange, companies, and investors can now leverage an integrated ecosystem of solutions to tap the vast potential of private markets and digital currencies,” the DBS exchange announcement stated.

The exchange will be monitored and regulated by the monetary authority and will leverage the banks expensive experience over the years in capital markets and providing secure custodial services.

DBS digital exchange does not plan on allowing deposits and storage on the exchange platform itself, they plan on allowing  customers to store all digital assets with the DBS bank. To ensure that users funds are safe, the bank has deployed an institutional

Grade custody solution specifically tailored  to the safe keeping of digital asses.

Deploying the stock exchange Exchange method of trades

Unlike other crypto currency exchange which allows for the trading of Cryptocurrencies anytime including weekends, DBS digital Exchange will not allow trading on weekends and also has time limits to trading on weekdays which are from 9am to 4pm similar stocks  exchange .

The FAQ section of the website also indicated that the exchange platform would be available to institutional investors who would need to access  the platform through a DBS member such as DBS buckets securities (Singapore) and DBS private bank.

SparkPoint is an innovative project being built in the Philippines that aims to build as much utility as possible for their token, at the same time as creating unique products that can improve the quality of life for their users. They plan to achieve this by applying blockchain techonology and cryptocurrency rewards to their products.

The SparkX Wallet

One key product that SparkPoint has already developed is their SparkX cryptocurrency wallet. This wallet is the first ever non-custodial wallet in the Philippines and has innovative features such as built-in crypto exchange, support for dozens of cryptocurrency coins and tokens and an affiliate program to earn SRK tokens for referring friends.

The SparkPoint team has plans to develop their SparkX wallet into one of the best wallets in the crypto space by constantly adding new features and updates. Plans to add a marketplace (SparkPlace), a gaming platform (SparkPlay) and an e-learning portal (SparkLearn).

Gaming Apps and Platform

Gaming in blockchain is growing rapidly with NFTs and the option to implement cryptocurrency rewards and payments. One of SparkPoint’s main focuses is creating a wide variety of blockchain games with crypto rewards.

They have already launched their first game: Crypto Slicer and are soon to launch their second game: Crypto Burst, with a couple more already in development. The team is currently hosting their second Crypto Slicer tournament with SRK token rewards for top 100 and are close to finishing their SparkPlay platform.

SRK Token Buy Back Program

SparkPoint also recently announced their Buy Back program, which will use revenue earned from in-game ads and IAP (in app purchases) to buy back SRK tokens on the open market. This buy back program is a key feature of the project that will allow steady growth, while being able to reward their users with SRK tokens each month.

Quarterly Token Burn

At the time of creating the SparkPoint project, there was 20 billion SRK tokens in total. By doing quarterly token burns, the team has reduced the total supply of SRK from 20 billion down to 14.5 billion and have plans to further reduce that to 10 billion or less.

Delivery App Created For Philippines

Another very innovative product that SparkPoint has developed is their delivery platform that incorporates blockchain and SRK token rewards. They have already finished 2 apps for this platform that are on the Google Play Store.

By adding crypto rewards to a delivery app, they open the door to many new possibilities that other delivery apps don’t have. For example, they can allow restaurants to offer a discount if paid in SRK tokens or give a bonus of SRK tokens to the delivery driver.

SparkPoint is currently in the process of relocating this delivery platform to a bigger city in the Philippines for better adoption and more partners.

More On The Horizon

With many innovative products in development, SparkPoint isn’t stopping there. They are also working on many other ideas on the back end to give the SRK token as much utility as possible, while growing the project and ecosystem. Recently the team met with a Union Bank representative to discuss a possible partnership in the Philippines.

Very Low Market Cap

With all the features and products already developed by this project, it’s hard to believe the market cap is currently below $200,000. Most crypto projects in the top 100 don’t even have finished products yet and have market cap in the multi-millions. With a market cap this low and a deflationary total supply, I believe this project could move up the ranks in market cap very quickly.

Conclusion

With SparkPoint already having 4 apps released and another being released in a week, it’s hard to believe this project is only around 1 years old. If their second year is as productive as their first year, then I can see this project breaking into the top 100 in market cap very easily. It’s hard to find projects that actually have a good vision and are innovating new products that haven’t been done yet. This is why SparkPoint SRK token is one of my top pick hidden gems in the crypto space.

Learn more about SparkPoint

Website: https://sparkpoint.io/

Twitter: https://twitter.com/sparkpointio

Telegram chat: https://t.me/SparkPointOfficial