## What Is SparkPoint (SRK)?

SparkPoint or officially, SparkPoint Technologies Inc., is a duly registered corporation in the Philippines under the SEC. The project was launched on October 5, 2018 and is one of the pioneer cryptocurrency startups in the Philippines. The project aims to fast-track mainstream adoption of blockchain and cryptocurrency through an ecosystem of practical products and services.

SparkPoint started with initial funding of $50,000. With only this minimal capital combined with discipline, determination, and hard work, the team was able to launch various blockchain-based products and services including SparkPoint Wallet, SparkLearn, SparkPlay, SparkEarn, and SparkDeFi. These products and services have collectively reached hundreds of thousands of users and are steadily growing.

### The SparkPoint Ecosystem is composed of:

[SparkPoint Wallet](https://play.google.com/store/apps/details?id=com.sparkpoint)

Non-custodial mobile cryptocurrency wallet that natively supports various cryptocurrencies including SparkPoint (SRK), [Bitcoin](https://coinmarketcap.com/currencies/bitcoin/) (BTC), [Ethereum](https://coinmarketcap.com/currencies/ethereum/) (ETH), [Binance Coin](https://coinmarketcap.com/currencies/binance-coin/) (BNB), and other ERC-20 tokens. It also offers built-in Decentralized Exchanges including [Uniswap](https://coinmarketcap.com/exchanges/uniswap/), ChangeNOW, and Changelly. A virtual currency exchange (VCE) license application is ongoing to legally enable fiat integration in the SparkPoint Wallet. 

[SparkLearn](https://learn.sparkpoint.io)

E-learning platform focused on educational content about blockchain technology, cryptocurrency, and financial literacy. The platform currently offers free courses for these topics and is continuously being improved through UI/UX enhancements, onboarding of new mentors, and integrating a _Learn-to-Earn_ model. Education is at the heart of SparkPoint. 

[SparkPlay](https://sparkpoint.io/play)

Collection of mobile casual games with cryptocurrency as a central theme. Currently available games include [Crypto Slicer](https://play.google.com/store/apps/details?id=com.cryptoslicer), [Crypto Burst](https://play.google.com/store/apps/details?id=io.sparkpoint.cryptoburst), and [Crypto Shooter](https://play.google.com/store/apps/details?id=io.sparkpoint.cryptoshooter). 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.

[SparkEarn](https://earn.sparkpoint.io)

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.

[SparkDeFi](https://srk.finance)

A governance token-based platform that empowers individuals to unlock the true value of their cryptocurrency assets. SparkDeFi offers an 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.

Features of SparkDeFi that are already available include:

* [Liquidity Staking](https://app.srk.finance/#/stake)
* [Pool-Based Staking](https://app.srk.finance/#/pool)
* [SparkBridge](https://app.srk.finance/#/bridge) for bridging ERC-20 SRK (Ethereum) to Binance Smart Chain as BEP-20 SRKb token
* [SparkSwap AMM Exchange](https://dex.srk.finance/#/swap). An early preview of our automated market maker decentralized exchange.


### SRK is the native utility token that is used for:

* Payment for SparkLearn courses
* Prizes in SparkPlay tournaments and achievements
* Payment for SparkPlay game NFTs
* Rewards for completing bounties in SparkEarn
* Rewards for Liquidity Providers and Stakers
* Payment for SparkPoint IT-BPO services


## How Many SRK Tokens Are There in Circulation?

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. 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.


### Who Are the Founders of SparkPoint?

SparkPoint is the brainchild of [Andrino Agnas](https://www.linkedin.com/in/andrino-agnas-2473a3158/), a CPA and cryptocurrency investor based in the Philippines. Andy currently serves as the Chief Executive Officer of SparkPoint. [Rico Zuñiga](https://www.linkedin.com/in/ricoz/), 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 17 full-time and 5 part-time employees in Q1 2021. The company continues to rapidly expand and grow to ensure the delivery of its roadmap.

### Where Can You Buy SparkPoint (SRK)?

SRK is available for [trading on a growing number of exchanges](https://coinmarketcap.com/currencies/sparkpoint/markets/), with cryptocurrency and [stablecoin](https://coinmarketcap.com/alexandria/article/what-is-a-stablecoin) pairs currently available.

[KuCoin](https://coinmarketcap.com/exchanges/kucoin/), [Bilaxy](https://coinmarketcap.com/exchanges/bilaxy/), and [BitMart](https://coinmarketcap.com/exchanges/bitmart/) currently offers the best liquidity for SRK with support for SRK/BTC, SRK/ETH, and SRK/USDT pairs. [Uniswap](https://coinmarketcap.com/exchanges/uniswap/) offers a decentralized option for trading SRK with [Ethereum](https://coinmarketcap.com/currencies/ethereum/) (ETH) and other ERC-20 tokens. [HotBit](https://coinmarketcap.com/exchanges/hotbit/) also offers a SRK/[Tether](https://coinmarketcap.com/currencies/tether/) (USDT) pair.

New to cryptocurrency? Read CoinMarketCap’s [easy guide](https://coinmarketcap.com/how-to-buy-bitcoin/) to buying Bitcoin or any other token.

SparkPoint

Trust Wallet

MetaMask

Binance Chain Wallet

Ethereum

Shiba Inu

Chainlink

UNUS SED LEO

Uniswap

PUMLx

Razor Network

VEMP

Skeb Coin

Idle

Hakka.Finance

DEVAI

MindAI

Bismuth

Fenerbahçe Token

Spectra Chain

Wibx

Green Bitcoin

CateCoin

Calcium

Founded in 2015, StormX is one of the first global cryptocurrency-based solutions to reach worldwide markets. As a mobile app and browser extension, StormX aims to bring users cashback in crypto for most of their online purchases. With enterprise partners like Samsung, Nike and Lego. StormX also allows users to stake the native STMX token to boost their rewards.

The company has already attracted investments from Blockfolio, Litecoin Foundation and Kyber Network. StormX has successfully developed its product and has become an industry leader in the crypto cashback community. The company is also catching users’ attention by offering cashback of up to 87.5% for some purchases.

StormX

Established in July 2020, TrustSwap is a diverse Web3 ecosystem creating secure infrastructure for blockchain builders and communities. The TrustSwap Launchpad is a leading Launchpad and IDO service, achieving the #1 spot on Cryptorank in 2023 for All-time High Returns and Average Returns. TrustSwap has launched over 55 projects with a collective fundraising of over $70 million.

TrustSwap is also the parent company of The Crypto App and Team Finance, which offer a suite of multi-chain services including crypto portfolio tracking, token and liquidity locks, minting, staking, and vesting-as-a-service.

SWAP token is the key to accessing guaranteed allocations in top-tier IDOs via the TrustSwap Launchpad. Staking more SWAP tokens longer increases your SWAP Score and unlocks higher allocations as well as other perks for top stakers.

TrustSwap

Ethernity is a blockchain-based platform that allows users to take advantage of the increasing popularity of non-fungible tokens (NFTs). The developers position it as a decentralized finance (DeFi) crossover project with authenticated NFTs. In the Ethernity ecosystem, all NFTs can be bought and sold on-chain.

To learn more about this project, check out our deep dive of Ethernity.

Ethernity was funded on the Polkastarter platform, where its crowd sale took place on March 8, 2021. The project tries to create favorable conditions for all active members of the community to boost the value of its ERN token.

Prior to launching ERN, Ethernity underwent a round of strategic investments backed by Black Edge Capital, Morningstar Ventures, Spark Digital Capital, Woodstock and Genesis Block Ventures.

Ethernity

COTI markets itself as the first enterprise-grade fintech platform that empowers organizations to build their own payment solutions as well as digitize any currency to save time as well as money.

COTI is one of the world’s first blockchain protocols that is optimized for decentralized payments and designed for use by merchants, governments, payment DApps and stablecoin issuers.

COTI Pay is the first application. It describes itself as a fully encompassing finance on the blockchain. The COTI Group launched in March of 2017, while the Staking Platform Launched on Jan. 1, 2020.

It is an ecosystem that is designed specifically to meet all of the challenges associated with traditional finance, including latency, fees, global inclusion and risks. This is done through the introduction of the DAG-based protocol as well as infrastructure that is completely scalable, private, inclusive and fast.

The ecosystem has DAG-based blockchain, proof-of-trust consensus algorithm, multiDAG, GTS (Global Trust System), a universal payment solution and a payment gateway.

COTI

Origin Protocol develops web3 technologies with the intention of bringing non-fungible tokens (NFTs) and decentralized finance (DeFi) to the masses. The protocol’s unique tooling and diverse partnerships help in realizing these goals. Origin Protocol has two flagship products: Origin Story (governed by OGN), and Origin Dollar (governed by OGV).

Origin Story is a white label NFT marketplace solution that works with disrupters in various sectors by leveraging non-fungible tokens. The platform hosts NFT marketplaces and tooling in various industries, including the real estate, profile picture, music, art and entertainment industries.

Some of Origin Story’s partners include Roofstock onChain, Pudgy Penguins, Sappy Seals, Paris Hilton, 3LAU, BT, Inspiration4, and The Doge Pound. Origin Story Marketplaces seek to cast a wide net in various industries being impacted by NFTs, rather than focusing on any one area in particular. Investors may see OGN as the ‘picks and shovels’ approach to investing in NFTs.

Origin Protocol

Verasity is an open-ledger ecosystem designed to fight advertising fraud, provide open access to infrastructure for publishers and advertisers, and reward users for watching video content. Verasity also provides payment solutions and a rewarding staking ecosystem with 15% yields guaranteed through to April 2024.

Powered by a mix of artificial intelligence (AI), machine learning (ML), and cutting-edge blockchain technologies, Verasity is building the most powerful advertising ecosystem in the world through VeraViews; developing an open-access payments platform through VeraWallet, the VeraCard, and VeraPay; and enhancing the attention economy through its patented Rewarded Video module.

Verasity

Hifi (formerly Mainframe) is a Lending Protocol that allows anyone to borrow against their crypto. Hifi uses a bond-like instrument, representing an on-chain obligation that settles on a specific future date. Buying and selling the tokenized debt enables fixed-rate, fixed term lending and borrowing — something much needed in decentralized finance today. It is anticipated that a ticker symbol change will occur alongside future iterations on the Hifi Lending Protocol.

Mainframe Token (MFT) is the native utility token that is used for:

Governance votes

Staking to ensure the safety of the protocol

Rewarding contributors to the ecosystem

What can you do with the Hifi Lending Protocol:

Borrow:  Lock collateral in a vault to mint fixed-rate, fixed-term debt tokens.  These debt tokens can be swapped for instant liquidity allowing users to leverage long, yield farm, or pursue other strategic trades without selling their collateral tokens.

Lend:  Buy fixed-rate, fixed-term debt tokens for a discount.  When the term expires they can be redeemed for face value, earning lenders a predictable return on their investment.

Provide Liquidity:  Earn trading fees by providing liquidity between debt tokens and stablecoins on an Automated Market Maker (AMM).

Mainframe

Reserve Rights (RSR) is an ERC-20 token that will serve two main purposes for the Reserve Protocol: overcollateralization of Reserve stablecoins (RTokens) through staking and governing them through proposing & voting on changes to their configuration.

The Reserve Rights (RSR) token was launched in May 2019 following a successful initial exchange offering (IEO) on the Huobi Prime platform.

Reserve Rights

Harmony is a blockchain platform designed to facilitate the creation and use of decentralized applications (DApps). The network aims to innovate the way decentralized applications work by focusing on random state sharding, which allows creating blocks in seconds.

According to the project’s website, Harmony is expected to introduce cross-shard contracts and a cross-chain infrastructure by the end of 2021.

Harmony

MultiVAC

Reef is a Reliable Extensible Efficient Fast Layer-1 Blockchain for DeFi, NFT & Gaming. Built using Substrate Framework, it provides high scalability, enabling almost instant low-cost transactions, and supports Solidity and EVM, allowing developers to seamlessly migrate their DApps from Ethereum without any change in the codebase.

Reef Chain is the most advanced EVM-compatible blockchain. It's self-upgradable and has on-chain governance. Its infrastructure also allows for EVM extensions which allows for native token bridge, scheduled calls (ie. recurring payments), and smart contract in-place code upgrades. In the near future, it will support additional VMs which will allow developers to write code in multiple programming languages. The network runs on a Nominated Proof-of-Stake (NPoS) consensus mechanism, which offers scalability and low fees.

REEF is the native token that is used for:

Fees for processing transactions and storing data.

Running validator nodes by staking REEF tokens.

Nominating which validator nodes should be part of the network.

Reef is backed by multiple leading funds and venture capitalists including NGC, QCP, Bitcoin.com, Kenetic Capital, LD Capital, TRG Capital, Krypital Group, Genesis Block, Woodstock Fund and others.

Reef Chain development tools include:

Remix and EVM integrated development environments for uploading and deploying smart contracts.

Reefscan blockchain explorer to assist with deploying validators, bonding and nominating validators, debugging contracts, and understanding network performance.

Reef command line tools that allow developers deploy applications from local environments.

Reef wallet for accessing and interacting with the blockchain

Reef

KardiaChain is a blockchain platform that aims to be fully interoperable and "non-invasive," meaning that blockchains can connect to the network without needing to make technical modifications to their own protocols. KardiaChain uses a dual-node structure to facilitate the connection between its own ledger and other blockchains, sharding for scalability and smart contracts for developers.

The platform relies on a native token, KAI, which is used for staking, transaction fees, participating in services and deploying smart contracts.

KardiaChain was first announced in October 2018, and its mainnet went live in December 2020.

KardiaChain

The Suterusu Protocol is a second-layer private payment infrastructure for smart contract platforms. The Suterusu Protocol uses the original and most advanced ZK-ConSnark algorithm that does not require a trusted setup. The algorithm’s proof size is significantly reduced and the proof generation and verification efficiency are greatly improved compared with similar solutions. Since no trusted setup is required, it is safe and transparent. The technical paper has been accepted by Eurocrypt 2021(https://eurocrypt.iacr.org/2021/acceptedpapers.php, https://eprint.iacr.org/2021/540). The Suterusu Protocol has been deployed on Ethereum, Binance Smart Chain, Heco, SmartBCH (BCH sidechain), Theta, etc. We plan to deploy Suterusu protocol on the following smart contract platforms including Near, Solana, Avalanche, Moonbeam, Plasma, Matic, etc. It is also the first privacy project funded by the official Cypherpunk Guild Fund of Near. We are also applying for the Solana and Polkadot ecosystem grant. The Suterusu Protocol intends to build a private payment infrastructure for any cryptocurrency. The Suterusu project has received investment from well-known institutions such as Dialectic (a fund founded by the former Polychain partner Ryan Zurr), Fundamental Labs, FBG, Continue Capital, DeFi Alliance, and other well-known institutions.

suterusu

Enjin Coin is a project of Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products. Enjin's flagship offering is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item stores.

Enjin allows game developers to tokenize in-game items on the Ethereum blockchain. It uses Enjin Coin, an ERC-20 token, to back the digital assets issued using its platform, meaning that items can be bought, sold and traded with real-world value.

Enjin Coin was first announced in July 2017, and it launched on the Ethereum mainnet in June 2018.

Enjin Coin (ENJ) is a digital store of value used to back the value of blockchain assets like non-fungible tokens (NFTs).
Every asset minted with the Enjin Platform contains ENJ, a minting resource which is locked inside NFTs and removed from circulation. Minting blockchain assets with ENJ provides a variety of benefits to creators and users:

Infuses them with a reserve value

Ensures their transparency and scarcity

Gives them instant liquidity

Provides utility in games and apps

Anti-inflationary

Enjin's "melting" functionality allows users to destroy their blockchain assets at any time to retrieve the ENJ value from within.

The Enjin blockchain ecosystem aims to offer software products that make it easy for everyone to develop, trade, monetize, and market with blockchain.

Founded in 2009, Enjin has roots in the gaming industry, with the company’s first product, a gaming community platform called the Enjin Network, growing to 20 million users over the course of a decade.

In 2017 following an ICO, Enjin established itself as a leading blockchain ecosystem developer, building a suite of software products that enable anyone to easily mint, manage, trade, distribute, and integrate blockchain assets.

Enjin’s co-founder Witek Radomski wrote the code for one of the first ever non-fungible tokens (NFTs) and is also the co-author of the ERC-1155 Ethereum token standard.

Built on top of an on-chain infrastructure, the Enjin ecosystem enables game developers and businesses of all sizes to use tokenized digital assets as part of their acquisition, retention, engagement, and monetization strategies. The Enjin ecosystem is fueled by Enjin Coin (ENJ), a cryptocurrency used to back the value of blockchain assets.

Enjin Coin

Launched in 2017, Dent is a revolutionary digital mobile operator offering eSIM cards, mobile data plans, call minutes top-ups and a roaming-free experience. According to the company website, Dent employs blockchain technology’s powers to create a global marketplace for mobile data liberalization.

Dent has an ambitious roadmap ahead, with plans to expand its services to new markets by the end of 2021. The company has already attracted more than twenty-five million mobile device users, and Dent services are available in more than 140 countries. Enterprise partnerships for Dent include Samsung Blockchain, The Enterprise Ethereum Alliance and Telecom Infra.

Dent

Voyager Token is a cryptocurrency broker that provides investors with a trusted and secure access point to crypto asset trading. Voyager is built to serve both retail and institutional investors with a nigh-instant solution for trading crypto assets.

The crypto brokerage service which launched in October 2018 now supports over 55 crypto assets and has a unique smart order routing technology that connects it with over a dozen crypto exchanges. The mobile app of the Voyager Token launched in January 2019, making it even easier for users to trade cryptos.

The native token of the brokerage, Voyager Token (VGX), is used to reward users within the Voyager ecosystem. VGX also generates interest when held in the Voyager app, offers cashback rewards, and other services exclusive to Voyager users.

Voyager also offers 100 percent commission-free transactions – including buying and selling. Traders only have to pay only the quoted price when executing an order on the platform.

Voyager Token

Polkastarter is a decentralized fundraising platform empowering Web3 projects to launch and raise funds through multi-chain token pools whilst significantly growing their communities.

The platform supports initial dex offerings (IDOs) across major blockchains, including Ethereum, BNB Chain, Solana, Polkadot, Polygon, Avalanche and Celo.

The platform enables investors to secure early access to IDOs, NFTs and Gaming Web3 innovation. It is most commonly used by early-stage blockchain projects that want to raise capital and easily distribute their tokens at the same time.

Through Polkastarter, blockchain projects can easily create their own fixed-chain swap pools, which allow them to securely raise funds, while users can invest without risks, since swaps are automatically executed by smart contracts.

POLS is the native utility token of the Polkastarter platform. Its main utility is gaining access to pools and giving projects the option to give priority access to POLS holders. Users are incentivised to stake POLS, rewarding the most loyal members.

In Q4 2022, Polkastarter will release new community utility features, such as governance and POLS Power Boosters (increasing your allowlisting success). The platform first went live in December 2020, and has quickly grown to become one of the most commonly used platforms for initial DEX offerings (IDOs) operating on the Ethereum blockchain.

Polkastarter

BABB is a London-based FinTech company that provides accessible financial services to individuals worldwide. It uses blockchain technology to create peer-to-peer banking solutions, e-money accounts, and crypto-wallets. The BABB app offers seamless financial management, global money transfers, and access to banking services – all with a focus on empowering financially underserved communities.

ReDeFi: A Subsidiary of BABB

ReDeFi is an FMI platform designed for regulated financial institutions like banks, financial institutions, e-commerce and governments. It utilises a layer-1 and layer-2 model to facilitate the secure and compliant issuance of Onchain Money.

BABB

Orchid (OXT) is the native token of Orchid, a cryptocurrency-powered virtual private network (VPN).

Launched in December 2019, Orchid describes itself as the world’s first incentivized, peer-to-peer privacy network.

Its aim is to overcome internet freedom limitations by using cryptocurrency payments to allow anyone to purchase bandwidth from any participating provider. This is done using so-called probabilistic nanopayments, which occur using OXT, an ERC-20 standard token on Ethereum.

Regular payments to providers occur off-chain, allowing Orchid to avoid problems with congestion and gas fees on the Ethereum network.

The service is pay-per-use, meaning that users only have to contribute funds when they actually connect, instead of paying monthly or annual fees.