JRNY Crypto
With thousands of cryptocurrency projects out there, it’s hard to pick through them all and find the hidden gems that can yield the best return on investment. One project that caught my attention and stood out from the rest is SparkPoint and their SRK token.
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
