We are pleased to announce our next AMA on October 28th 2020 at 02:00 PM UTC Time: Satoshi Club x SparkPoint
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join SparkPoint Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 80 seconds. You can post Max 5 questions. SparkPoint Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about SparkPoint
For more details:
SparkPoint – @SparkpointOfficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
In your website,you said that your “INSURANCE” is decentralized.You don’t have control over it or what?. Explain
You claim that we can manage our crypto assets portfolio in your Defi protocols management dashboard.What is this dashboard and how does it work?
Part of your Q4 2020 roadmap is Community Airdrop Distribution, how to participate in here, do I need to be $SRK holder, how much do you require $SRK holdings?
You claim to have a strong track records of launching blockchain products since 2 years ago.. Can you name some of this products which you claim to have launched in the past years.
What are your reasons for choosing NON FUNGIBLE TOKENS (NFT) as collateral, owing to the fact that these tokens are not mutually interchangeable.
Staking is one of your key features, what are these Staking options that SparkDefi highly offers to their investors which could also give them high returns?
What is the real-world use case of $SFUEL token in SparkPoint ecosystem? Also, please explain to us about the $SFUEL private sale?
Why does SparkPoint have to spend 10% of its quarterly profit to buy back SPRK until it buys 25% of the total issued SPRK to ensure the stability of SPRK in the market?
I see that you currently have an ongoing private sale, targeting a raise of $950,000. I would say that’s a very conservative amount, with the planned implementations as contained in your roadmap, would this amount be enough?
There are already tens if not hundreds of DeFi platforms that already offer the same services that SparkDeFi is offering, what is SparkDeFi doing differently that would make preexisting users of these platforms come to use SparkDeFi?
I noticed that in your $SFUEL private sale Whitelisting Form, there’s a field asking for amount of $SRK owned and the address. Does one need to own $SRK to participate in the private sale? If yes, what’s the recommended amount?
Can you give an overview of $SPARK Token tokenomics?
Will the design of the token rise and fall with the success of the platform, does it include any scarce paths, such as equity, storage or burning?
How will you manage your platform if something unexpected happens in the future, especially the hacking issue that causes SPARKPOINT platform to have some personal data of some of your users ? Is your platform ready for this situation?
What things will the SPARKPOINT realize in the near future and what targets will be realized in the future?
IN the future, will we be seeing Sparkpoint Wallet as a browser extension or even a desktop app?
If SparkPoint deeply encourages the community to decide for the project’s developments, what will be the jobs of the project head/leader and its members then?
There are rumors that in Q1 of 2012, SparkSwap will be launched, can you give us its unique features and what makes SparkSwap prevail among the rest of the swaps mechanisms out there?
– The games on SparkPlay are created by the SparkPoint? Or are they third party games? How do they integrate cryptocurrencies? Can I win tokens by playing?
– What kind of courses can be found at SparkLearn? Are all courses intended for beginners or are there also advanced courses? Are they free of charge or do they have a monthly fee?
As a defi project,what type of problems did sparkpoint has solved still now and how are they gonna solve the existing problems ? And what type of mechanism do you use for the security of our assets ? Is this project strong enough for fighting against any fraud transaction?
How can we earn from the transaction fees when we provide liquidity ? Do we get from every transaction fee and how much do we get as a reward from it ?
Participating in your regular farming and yielding, what’s the difference between of two tokens SRK and SFUEL ? And how much will we get of this token for the regular basis of staking ? Hoping for the answer.
What is the role of SRK token in SparkPoint Ecosystem?
What are your plans to increase adoption of cryptocurrency and blockchain technology using SparkPoint’s platforms?
What are your plans for the remaining months of 2020 and your targets in 2021?
SparkPoint is built on Etherium Blockhain which has congestions and scalability issues. Do you have plans to develop your own blockchain or migrate to other blockchains in the future?
I see on Coingecko, Sparkpoint total supply is 14.421.653.252 $SRK coins.Does have any burn or buyback system or any other plans to increase the value of tokens and attract investors?
Could you explain about SRK staking on Ropsten testnet and is it possible regular user like me to participate in the staking?
Unfortunately, most crypto projects these days are made by young people who are not ready with any business equipment such as the know how, solid experience, branding, marketing, positioning etc. Hence, business can’t be built on pure luck.
Now I want to know how competent SparkPoint team members are?
Although Ethereum is slow and not easy to use, a lot of DeFi assets have been deposited on it. For the new blockchain, even if it is easy to use, there are no assets on the chain. How are Sparkpoint Team going to solve this problem?
What do you think about the possibility of creating new use cases in the DeFi space for existing real world assets using crypto technologies? What role do you see in this creation of the SparkPoint network?
Everyone is talking about adoption and making cryptocurrencies as simple for a usual person as possible.Can you tell us how would you explain #SparkPoint to a usual person who is not familiar with Blockchain technology?
Can You explain us about Sparkplay Gaming Platform?
How is this platform different & unique than Other Platform?
Which area does #SparkPoint focus on at the moment? (DeFi, Stake,Dapps..)
Security has always been a top priority in Blockchain projects, what makes users trust SparkPoin’s safety and security?
What new upcoming update / announcements we can expect from Sparkpoint?
What is meant by SparkLearn Product of Sparkpoint? How SparkLearn is beneficial to new Crypto Users & What we can learn by SparkLearn?
Regarding your Spark Point Wallet, in addition to supporting ERC-20 tokens, does it also support TRC-20 tokens? If not, are you thinking of integrating them in the future to make a more comprehensive wallet? On the other hand, is it possible to Stake directly in the wallet?
Why specifically do you plan to reduce the total supply to 10 billion SRK? What benefits does this bring to long-term Holders? Currently, how much is the total supply of the project?
Besides the Philippines, are there other countries where you want to introduce the project? On the other hand, what is SparkPoint’s “CORE product”? What are you working on in a few months to end the year 2020?
For Q4 2020 you planned to launch NFT mining Testnet and Sparkswap testnet ..NFT mining is not well practiced at the moment. Can you explain how users can Mine NFTs using your platform when this goes live and what NFT’ Will they be mining
A lot Of the products launched on your platform are Crypto Games such as Crypto Slicer Game, Crypto Burst Game, and Crypto Shooter Game as a Cryptocurrency based Fintech platform why do you seem to be focusing more on building games on your platform ahead of other Fintech products.
Can you explain how your proposed DeFi Assets Protocol Management will work.. can it be used to manage assets on any chain, what kinds of experiences and features should users be expecting of this Defi Asset protocol management
What products has SparkPoint been launching? Can you introduce briefly? What do you think is the most important and potential product?
Why are there 2 tokens, SRK and SFUEL? What is the difference between it? How does it benefit the community and its holders?
Why did you choose Binance Smart Chain instead of Polkadot? Are there any downsides that you need to fix when choosing the Binance Smart Chain?
What is SparkPoint’s most interested area? Why? Was there any difficulty in developing it?
Your ideas and projects are great, but it’s important to engage users. How do you solve this problem? Can you tell us a few of your accomplishments?
How does SparkPoint generate revenue? How is that revenue used in project development? What is your ultimate goal?
On your website it says that you are currently focused on improving the Android versions of your apps and your games. What about iOS? Isn’t that currently in your plans?
On your website it says that you’re also leveraging your games to help spread awareness of cryptocurrency. Are there rewards in the form of SparkPoint (SRK) for players?
In your website you write that your vision is “To encourage people to participate in the digitalization of transactions integrated with the blockchain technology”. Can you tell us in approximate terms how many people have been exposed to this technology with SparkPoint? How many countries have they reached?
A question about the courses at SparkLearn Will they be only informative? or will they have some kind of certificate or endorsement that we have successfully completed them?
Most platforms create wallet with DeFi services on one platform Why has Sparkpoint separated these two services into separate applications?
I read in your roadmap that for the first quarter of 2021 you have planned the expansion of the Spark Point team. Will you be hiring new members? Can the community apply for a position?
Regarding SparkLearn, will users who complete the courses receive a certificate? Do you have that option available?
Sparkpoint uses 70% of ad revenue to buy back and burn SRK tokens from open markets.
Where does the burnt token takeplace?what mechanism did you plan to divide the burnt token?
I am interested to the SPARKPLAY where can i download these Apps?is there a tutorial for those newbies like me?
Why did you choose to conduct SFUEL tokens that will be available to the public through an Initial DEX Offering (IDO) than Initial coin Offering (ICO)? What is your plan?
SparkX, SparkPlay, SparkRoom and SparkPlace are applications with completely different purposes, but are they somehow interconnectable? Is it possible to move our SRK tokens and from one platform to another?
What is the brand or footprint that Sparkpoint leaves on all of its applications, and how are they different from other gaming, wallet, e-learning and Dapp platforms?
I’m surprised at all the topics they attack with all their projects at SparkPoint. I wonder, how far does your vision go? Are your goals limited to those 4 applications? Or is there more to come?
Besides SparkX, SparkPlay, SparkRoom and SparkPlace, do you have any other project in mind? Any social network or video platform?
What is the function of the SRK token within the entire SpartPoint ecosystem? What will be its dynamics within the 4 applications?
Since SparkPoint is such a big project I must assume that you are up to date with the security issue, right? Were all the applications audited before their official launch?
SparkDeFi, SparkLearn, SparkPlay and SparkPoint Wallet are the platforms you have developed for your project, but do you really plan to develop some more? or are these enough to achieve widespread adoption on any blockchain?
SparkPoint is a project that seeks to prepare its users to know a little more about the next decentralized global financial system, right? but really what is the benefit for SparkPoint? or do they just take pleasure in training the next generations?
You say that with the SparkPoint Wallet “you can store SparkPoint Token, Bitcoin Ethereum and some ERC-20 tokens”, but what would those “SOME ERC-20 TOKENS” be? Could you associate the wallet with the contract of any tokens and start storing them as in Trust Wallet without problem?
You say that “THE TEAM can buy back and burn SRK tokens from the open markets every quarter until it is reduced to 10M SRK”, but really who is that “TEAM” that will carry out these operations, the community or the governing body? And could my amount of tokens be affected in those operations?
SparkPoint really is the first non-custodial wallet in the Philippines, which is great! But there really are many worldwide, apart from having a diverse ecosystem of games and training, what other benefits it has over other non-custodial wallets? is it safer than the rest?
I read on their website that SparkPlay is an INNOVATIVE gaming platform “where players can actually own items and earn points with real world value through blockchain”, but really what is INNOVATIVE about it, if many other gaming blockchains generate rewards in the real world?
SparkPoint is built on Ethereum Blockchain which has congestions and scalability issues. Do you have plans to develop your own blockchain or migrate to other blockchains in the future?
What’s a capacity limit and how does this apply to users interacting with the platform?
Give an example of a time that you had to resolve a difficult situation with a client or customer. What were the keys to coming to a successful solution?
Out of curiosity, actually I have earned $SRK token before back last January 2020 to March 2020 from some rain or giveaways given by a certain group here in Telegram but that token was taken back because the bot of SRK was closed last March and I never think about it because I thought that token was no value. So my question is, is the $SRK that I earned before is the same as the $SRK from SparkPoint? Does your token was used as giveaways before? How does SRK gain there spot in the market?
In 2018, you published a White Paper. And in the 4th quarter of 2020, you plan to revise it. Over the past 2 years, you have achieved a lot: the launch of several platforms, the creation of wallets, new tokens … Did not your discoveries affect the structure, activities and your views in any way during these 2 years, that you decided to revise the technical document only 2 years later?
SRK is one of the few cryptocurrency projects from the Philippines that are actively traded on exchanges. I am from Philippines also and Im curious about SRK. There are only few Filipino people knows about cryptocurrency, so how will you promote SparkPoint to our Filipino fellowmen especially those who has no knowledge about crypto? As a Filipino, how can I help to promote SRK not just here in the Philippines but also in other country?
Can you explain more about Sparklearn or E-learning features in your platform? What are the knowledge and information it can impart to your users? Is there a registration fee to join in Sparklearn?
How the SparkPlay game engine was created and
Can the items that players have in the game be sold when necessary? How many different ways are there to earn points?
For users who want to gain experience in blockchain technology and financial literacy
How does your e-learning portal mediate? What are the terms and content of participating in the online information portal?
What are the advantages of using the SRK token as collateral in terms of contribution to liquidity, borrowing and lending? What privileges will the ecosystem gain those with the SRK token?
SFUEL will be launched as a BEP20 token on the Binance Smart Chain in Q4 of 2020.
what is the greatness of BSC (Binance smart chain) so that it was launched at BSC
There are many fraudulent projects at BSC, and the victim is me
how you can prove that your project is not fraudulent
your project has a #SparkDeFi Web App
how do we know the real and the fake,
example
The Trustwallet wallet used by many has also found a fake
you have many platform in your ecosystem , spartpoint wallet , sparkPlay, sparkLearn and the latest SparkDefi, do you mind sharing us the revenue breakdown of each item ? Do you think sparkDefi will generate high revenue for your system?
one of the unique offering of sparkDefi is the p2p lending and leverage NFT as collateral . Since NFT price is volatile, can you explain how the NFT collateral works? how does the p2p lending works ?
Is there any way for people who invest money somehow get tricked and lost it?
How safe for our details and crypto assets Spark Point is?
For small investors like me, can you tell what is minimum needed to lend or borrow on SparkPoint?
What do you expect will influence the DeFi space the most next year?
You have a phrase on Medium that DAO members are responsible for the direction of the protocol via systematic voting. So how does your voting mechanism work? Those members are fully responsible?
You have your own DEX and wallet. Having your own wallet, will you have a strategy to combine that on DEXes of different platforms?
Probably SparkPoint is the one that I could find team workers of the company on LinkedIn in the ecosystem. I couldn’t see any Advisor or likewise role people. Are you looking for some investment or at least advisors?
When does the price of SRK reach $ 1?
A project from the Philipines. Do SparkPoint have recieved license or do you obtained legal documents to build and operate your company there?
SparkPoint plans to buy and burn SRK every quarter until the supply reduce to 10 billion. Dont you think the 10 billion supply is still too much for a defi project like yours?
What is the biggest vulnerability of Sparkpoint Innovations Inc.?
In SparkPoint website you claimed that you have a strong track record of launching blockchain products. Aside from SparkPoint token, will you please tell us about your other successful blockchain products?
To participate in the Bounty and receive the SRK token as a reward, I must pass KYC. What data are you requesting? Can I earn SRK without passing this test? Indeed, in the modern world, the issue of fraud and personal data security is very relevant!
If SparkPoint Team will be given a TEDx talk opportunity, who will be the speaker and your topic, and why?
You noted a lot of key features of the project. Everything is very cool but written superficially. I would like to understand what blockchains you will work with, what kind your exchange will have and what altcoins it will support. And how the DAO will be implemented.
I have been watching your project for a while now. I have your CryptoShooter application installed. Tell us about other games and ways of collecting tokens. And explain how to use them. Since I learned how to play and how to get a token is not clear
You are actively involved in promoting SRK on social media. Are there bounties and drops for users of these social networks to earn SRK?
I read from your website, your project didn’t have public ICO, so how did you fund your project?
Could you please explain about your project ‘sparkdefi’, is it have same function like uniswap?
Lovely graphic use you have:) Do you have marketing team all inhouse or work with agencies?
I read from SparkDefi roadmap, from Q4 2020 to Q4 2021, there are always have community airdrop distribution, what kind of airdrop? Its already start now?
What’s the main Roadmap of Satoshi Club project for next 1–2 years and which achievements are you not done with?
how do you attract investors to be interested in SRK? because some investors only focus on short-term prices rather than long term?
About game planning and development, do you have a series of games attitude? And one day may you replace another model into SparkPoint?
How do you think with Asia market? Does your team have any plan approach INDONESIA which the potential market in crypto, there have many great teams and investors want work and earn money from crypto?
What is sparklearn?
How does this program gonna bring more user to learn about Cryptocurency?
How does Sparkpoint participate in defi these days?
And what kind of development sparkDefi will provide?
Could you explain about SRK staking on Ropsten testnet and is it possible regular user like me to participate in the staking?