SparkPoint Updates #18: March 2021
Turning up the heat with the biggest headlines for the last month of Q1.
March is the start of summer here in the Philippines, our home country. It is one of the driest and hottest months too. But we won’t be dried up with news and updates that will surely excite you. It will even make you go party under the summer heat! SparkPoint made a huge splash this month with its biggest developments on the SparkDeFi platform, the launch of the much anticipated SparkPoint Wallet (Early Preview) on the iOS platform, the Q1 SFUEL Airdrop, and the quarterly SRK Buy Back and Burn, and not to mention, we will be seeing SparkPoint ads soon on Time Square, New York — which we will be discussing here in a while. 🚕🏙️🗽
Now, let’s dive deep on the top 15 headlines that heat up our March! 📢
TL;DR
- 🚀 Surpassed $190M+ Market Cap and reached an ATH of $0.02566 per SRK token
- 🚀 SRK-ETH Total Liquidity reached a new record-high of $6.5M+, with SRK-USDT pair reached a new record-high of $744K+
- 👛 SRK ERC-20 and SFUEL BEP-20 holders reached a combination of 21.4K+ holders
- 🔥 Q1 2020 SRK Buy Back and Burn event: 156,517,111.066 SRK (approx 2.7M USD) Burned
- 🍎 SparkPoint Wallet Early Preview now available for iOS
- 🌉 SparkBridge has officially launched on SparkDeFi Web App
- 💱 SparkSwap Early Preview has officially launched, $100K Total Liquidity added
- 🎱 SparkPool is now live, stake SRKb and Earn SFUEL rewards through pool-based staking
- 🎈 Quarterly SFUEL Airdrop Distribution commenced
- 📊 SRK now listed on MXC Exchange, 580K SRK prize pool to be given away
- 📈 SRK-USDT trading now live on BitMart Exchange
- 🎮 New levels added on Crypto Burst version 1.2.2 and Crypto Shooter version 2.6.2
- 📲 ChangeNow’s NOW token arrives on SparkPoint Wallet version 6.3
- 🤝🏼 Partnership with CoinPayments and Shopping.io: Mass adoption of SRK as payment on e-commerce sites
- 🗽 SRK waves to Time Square: SparkPoint won big on BitMart’s 3rd Anniversary trading competition and “Root For Your Spotlight Project” event
1. Surpassed $190M+ Market Cap and reached an ATH of $0.02566 per SRK token
On March 14, SRK broke its record last month in both market capitalization and price per token. SRK recorded a new all-time high (ATH) of $0.02566. Meanwhile, a day before the new record in ATH, the total market cap almost reached the US $200M mark.
🔗 SparkPoint (SRK) on CoinMarketCap.
2. SRK-ETH Total Liquidity reached a new record-high of $6.5M+, with SRK-USDT pair reached a new record-high of $744K+ on Uniswap
The SRK-ETH pair on Uniswap hit another new ATH 6.5M+ USD in terms of total liquidity on March 22, 2021. A total of 146K+ SRK and 1.8K ETH tokens were already pooled and continue to increase. The staking of SRK-ETH on SparkDeFi will end on April 26, 2021.
🔗 Trade or add SRK-ETH liquidity on Uniswap.
🔗 Stake SRK-ETH UNI-V2 LP tokens on SparkDeFi and earn SRK rewards.
On March 13, the SRK-USDT pair reached a new record-high of 744K+ USD in total liquidity on Uniswap. We also see a steady increase on volume and liquidity for the pair, with almost 15M+ SRK and 363K+ USDT pooled tokens.
The SRK-USDT Liquidity Staking on SparkDeFi ends this April 15, 2021.
🔗 Trade or add SRK-USDT liquidity on Uniswap.
🔗 Stake SRK-USDT UNI-V2 LP tokens on SparkDeFi to earn SRK rewards.
3. SRK ERC-20 and SFUEL BEP-20 holders reached a combination of 21.4K+ holders
As of March 30, we now have a total of 15.8 thousand SRK holders, as recorded on Etherscan. The count continues to increase as SRK becomes available to more exchanges around the globe.
As of writing, our 3-month old governance token, SFUEL has already reached more than 9.6K addresses as recorded in BSCScan. The big increase in number was due to the newly created wallets due to the ongoing SFUEL airdrop for SRK holders.
We see a steady increase in the number of holders in both SRK ERC-20 and SFUEL BEP-20. This doesn’t include yet the BEP-20 versions of SparkPoint which are: bSRK on PancakeSwap, SRK on BSC — bridged through JulSwap, and SRKb, the bridged SRK token through SparkPoint’s own bridging contract in SparkBridge.
4. Q1 2020 SRK Buy Back and Burn events: 156,517,111.066 SRK (approx 2.7M USD) Burned
On March 30, we’ve conducted the very first Buy Back and Burn (BBnB) or #SRKBBnB for 2021. The BBnB this quarter was quite unique because there has been a surprise BBnB 2 days after the March 30 event. A total of 65,988,752 SRK tokens has been initially burned and were followed by another 90,528,359.066 SRK tokens in April 1. Adding it up, that’s 156,517,111.066 SRK — an approximate 2.7M USD.
SparkPoint will conduct this series of quarterly BBnB until the SRK token supply reduces to 10B. The next buy back and burn is slated at the end of June 2021.
5. SparkPoint Wallet Early Preview now available for iOS
Months in development, and now it’s here. SparkPoint Wallet has finally arrived on the iOS platform. The Early Preview was made available for beta testing on March 20 through Apple’s TestFlight app. The release was intended for early adopters and testers who will be reporting bugs, errors, broken features, and general feedback so that the team could further stabilize and enhance the app before its slated public release on the App Store this Q2. As of writing, early adopters of the app are nearing 1,000.
🔗 Download SparkPoint Wallet through the TestFlight app now.
6. SparkBridge has officially launched on SparkDeFi Web App
SparkBridge, SparkPoint’s own bridging app has arrived on the SparkDeFi web app on March 25. The bridging app also gave birth to SparkPoint’s official token on the Binance Smart Chain (BSC), SRKb, through SparkPoint’s own bridging contract. The smart contract was launched on BSC on March 12, 2021.
Users can now convert the SRK ERC-20 token to the SRKb BEP-20 token and vice versa with ease within the SparkDeFi web app. Users can now use SparkBridge to convert their existing SRK ERC-20 to SRKb so they could participate in the pool-based staking on SparkPool, where they can stake it to earn SFUEL rewards.
7. SparkSwap Early Preview has officially launched, $100K Total Liquidity added
SparkSwap, SparkPoint’s decentralized exchange (DEX) is now here. Instantly swap multiple cryptocurrencies in a trustless and decentralized manner with SparkSwap DEX. It is still in its early preview state with new features and UI/UX improvements will be done in the coming months.
For starters, a total of $100K total liquidity has already been provided for the SRKb-BNB and SRKb-BUSD pairs.
8. SparkPool is now live, stake SRKb and Earn SFUEL rewards through pool-based staking
SparkPool is now live on the SparkDeFi web app. Users can now participate in SRK pools (with SFUEL pools coming up in the future). By participating, users can stake SRK tokens or SFUEL in the regular pool-based staking and collect SRK or SFUEL rewards regularly.
As of now, users can start staking SRKb (by first bridging their SRK ERC-20 token through SparkBridge) so they could earn SFUEL.
🔗 Stake SRKb and Earn SFUEL now.
9. Quarterly SFUEL Airdrop Distribution commenced
On March 25, the SFUEL airdrop distribution to SRK holders has commenced. The snapshot happened at 12:00 AM UTC and was followed by verification and validation. SRK holders will receive SFUEL based on their holding during the snapshot, in 1 SFUEL per 2,248 SRK ratio.
The distribution is being done by batches of 1,000 addresses starting with the top SRK holders. As of writing, the rewards have already been sent to the top 5,000 holders, with smallholders already queued in line. The next batches are stakers and liquidity providers.
10. SRK now listed on MXC Exchange: Yield mining launched, 580K SRK prize pool to be given away for the listing trading events
SRK has been recently listed on MXC Exchange, a centralized cryptocurrency exchange registered in Seychelles and was launched in April 2018. MXC is on the top 100 exchanges per CoinMarketCap rank data.
SparkPoint and MXC conducted yield mining where stakers can earn SRK (total of 1,250,000 SRK as pool reward) and trading events with a reward pool of 580,000 SRK to promote the listing.
🔗 Trade SRK-USDT on MXC Exchange now.
11. SRK-USDT trading now live on BitMart Exchange
The SRK-USDT trading pair has been added to BitMart Exchange on March 27, 2021. SRK has now 3 trading pairs on the said exchange with SRK-BTC and SRK-ETH as the other two.
🔗 Trade SRK-USDT at BitMart Exchange now.
12. New levels added on Crypto Burst version 1.2.2 and Crypto Shooter version 2.6.2
We’ve just updated Crypto Burst and Crypto Shooter on Google Play! The bump on each version brought new challenging levels to the games. Levels 201 to 220 have been added to Crypto Burst while levels 121 to 140 have been added to Crypto Shooter.
🔗 Download Crypto Burst here. | 🔗 Download Crypto Shooter here.
13. ChangeNow’s NOW token arrives on SparkPoint Wallet version 6.3
We’ve added ChangeNOW’s NOW token to the growing list of supported cryptocurrency assets of our SparkPoint Wallet. The version bump has also brought regular fixes and patches, together with improved security and overall performance.
🔗 Download SparkPoint Wallet for Android here.
🔗 Download SparkPoint Wallet for iOS here.
14. Partnership with CoinPayments and Shopping.io: Mass adoption of SRK as payment on e-commerce sites
CoinPayments, a global crypto payment gateway, has nearly 3 million users and merchants across more than 200 countries. With the addition of SRK to its supported cryptocurrencies on CoinPayments, SparkPoint (SRK) has broadened its reach to more users and this will enable the SRK community to use the SRK token as a payment option to 70,000+ merchants that are using CoinPayments as a payment gateway.
We have also partnered with Shopping.io to bring SRK to the e-commerce industry. You will be able to shop and pay SRK on the major e-commerce platforms like Amazon, eBay, Walmart, etc. through CoinPayments as a payment processor on the Shopping.io e-commerce website.
15. SRK waves to Time Square: SparkPoint won big on BitMart’s 3rd Anniversary trading competition and “Root For Your Spotlight Project” event
In celebration of BitMart Exchange’s 3rd Year Anniversary, trading events and competition were launched for its loyal traders and projects on its platform.
To join the celebration, SparkPoint has also launched trading events for the fans where they could win a share of the $10,000 total worth of SRK and SFUEL prize pool.
BitMart also launched the “Root For Your Spotlight Project” competition where participating teams and projects have to compete on total trading volume in order to win prizes. On March 21, the final results has been released:
SparkPoint won first place and will bag the grand prize which consists of Nasdaq Screen Ad on Times Square with video & photos, and press releases on 200 overseas media. We sincerely thank BitMart for this!
Our team is just overly excited to see the SparkPoint brand on the giant Nasdaq LED screen on the most famous tourist destination in Manhattan, the Time Square.
Trade SRK on BitMart Exchange now:
🔗 SRK-BTC 🔗 SRK-USDT 🔗 SRK-ETH
That’s a hell of a month for all of us in SparkPoint! There’s a lot more coming so stay tuned to our official social media accounts and channels to get the latest from us! By the way, we welcome you to #BSCExtravaganza this April 2021! — Drei. 👨🏽🦱
Learn more about SparkPoint and SparkDeFi from the following links:
SparkPoint Website: https://sparkpoint.io/
SparkDeFi Website: https://srk.finance/
SRK-ETH on Uniswap: https://srk.sh/uniswap
Trade SRK: https://srk.sh/trade
Telegram Announcements: https://t.me/sparkpoint
SparkDeFi Telegram: https://t.me/SparkDeFi
SparkDeFi Twitter: https://twitter.com/SparkDeFi
SparkDeFi Facebook: https://www.facebook.com/SparkDeFi
SparkDeFi Instagram: https://www.instagram.com/sparkdefi/
LinkedIn: https://www.linkedin.com/company/sparkpointio
GitHub: https://github.com/sparkpointio
SRK on CMC: https://coinmarketcap.com/currencies/sparkpoint/
SFUEL on CMC: https://coinmarketcap.com/currencies/sparkpoint-fuel/
