Sirlibz
SparkPoint, a crypto project that deals on different aspects of the Blockchain ranging from mobile payments, remittances, exchanges and gaming. Project team is currently based in the Philippines and is fully registered with the SEC. SparkPoint has since indicated interest in the DeFi protocol since Decentralized Finance (DeFi) became a thing in the crypto world earlier this year. They recently released SparkDeFi, a governance token-based DeFi platform that will empower investors to fully control the true value of their assets. The SparkDeFi will offer a Decentralized Exchange (DEX), P2P lending and borrowing, Multi- Staking and DeFi Assets Protocols Management in a secure and transparent manner.
The DEX known as SparkSwap will allow instant conversions of multiple Cryptocurrencies in a trustless and decentralized manner, it will allow users who provide liquidity to earn from the trading fees generated.
Multi-Staking would allow participation in the liquidity staking pools to earn both SRK, their official erc-20 tokens and SFuel, the DeFi Ecosystem Token.
P2P Lending and Borrowing will allow investors to use all coins and NFT’s to borrow funds as collateral. They can also use Crypto Collectibles such as Game items, Virtual estate and Digital artworks as collaterals for borrowing from their protocol.
You can get more info from their official medium article.
SPARK-DEFI ROAD MAP
Along with the launch of the website, the SparkPoint team also released their official road map for the Spark DeFi.
SFUEL TOKEN
SFuel is a SparkPoints SparkDefi governance token that comes with a total supply of 150,000,000. It will be launched on the Binance Smart Chain (BSC) as a BEP20 token in Q4 of 2020. Team has delegated 20% of total tokens for sale through an Initial DEX Offering (IDO). The sale will be conducted as a private sale for early adopters first targeted Crowd Funding is $950,000. The private sale would be conducted at a price range of $0.03 and 0.06 respectively while the IDO would be at $0.15.
SRK holders will be given priority in the private sale and are entitled to a quarterly airdrop distribution beginning this Q4 2020.
