SparkPoint and KuCoin Launchpad AMA: The Recap

Interesting facts about KuCoin Launchpad!

Published in

theEcosystem

8 min readAug 27, 2021

Another AMA Session is off the list, #Sparkies! Our guests during the last AMA were the CEO and COO of KuCoin Launchpad (KCLP), Mr. Deepanshu Sharma and Mr. Aman Kalra, respectively.

But before we proceed with the recap, I’ll give you a brief reference of what the KCLP project is about.

KCLP is said to be the world’s first decentralized IDO platform for the KuCoin community chain. They have found a solution to bring incentives by rewarding all token holders in a way that is inclusive with a low barrier to entry.

KCLP has three (3) principles sale system that provides every tier level a guaranteed allocation. “No bots. No luck. No lotteries.”

Now, does this project interest you? Because I find it interesting hearing about their principles. 🚀

Moving forward, let us dive into the ideas behind KCLP, their project plans, and what’s in store for the SparkPoint and KCLP partnership. All the details that you might want to know will be in this Recap! That is why, all your eyes here #Sparkies! 👀

The session happened at the same place with our very supportive #SparkyCommunity to meet the KCLP team and, of course, Karan, the always dedicated host on all of our AMA sessions, lead off the session with a warm welcome to our guests.

Introduction

Karan: Hi Community! It is time for another SparkPoint AMA session. Today we have been joined by Mr. Deepanshu and Mr. Aman from KuCoin Launchpad. KCLP is the first launch pad dedicated to launching projects on the KuCoin Smart Chain

KCLP is a platform that grants their token holders exclusive access to pre-sales of projects selected for their launchpad. It is the safer platform for early investors. Only fair distribution to all KCLP investors and allows investors to gain early access to token sales. KCLP will have 3 round system that makes every tier level guaranteed allocation:

“No bots. No luck. No lotteries.”

Mr. Deepanshu and Mr. Aman, before we start with AMA, can you please give us a small introduction about you, your experiences, your role in KCLP, what made you start or join KCLP, and what was the basic idea behind starting it?

Aman: Sure. I am Aman, COO of KCLP. I am an experienced product executive with more than a year of experience bringing enterprise products to market and driving their adoption. I have become involved in tech startups and cryptocurrency.

The basic idea of developing KCLP was to establish a launchpad that will be free from all existing flaws in a launchpad — FCFS is one of them.

Karan: Nice concept!

Deepanshu: To begin with, I am Deepanshu Sharma, currently the CEO of KCLP. Before starting KCLP, I have worked as a Community Manager, Marketing Manager, and a silent partner for some projects as well. Apart from this, I am an entrepreneur and have tried some small to medium projects apart from the crypto-verse. I have been trading and analyzing crypto space for more than seven years or so and have been taking part in IDOs for many projects that made me felt unfair at the time when I didn’t either have funds to take a large chunk of their tokens or was not selected due to lottery. These made me choose to start something on my own and hence the KCLP.

Karan: Wow! That’s an impressive introduction! 7 years of experience in cryptocurrency is like a boon nowadays.

Deepanshu: Thank you. Yeah makes you understand the ups and downs for the same.

Karan: Let’s get started with questions selected from Twitter.

Deepanshu: Awesome, waiting for the same. It’s been some time since the last AMA and, I need something to tickle my brain.😉

Karan: I like the enthusiasm!

Questions from Twitter

Q: Moving Forward, how do #SRK & #KCLP plans to evolve with each other? Are there any laid out plans for the future growth of both projects that will benefit them both?

D: SparkPoint has been a benchmark for having the courage and strength for development even though through the rough times of bear trend and that resilient nature has brought us together. Currently, we would be starting with a cross staking pool in which both of our esteemed communities would be able to stake their tokens to earn tokens. SRKb to KCLP and KCLP to SRKb. Apart from this, we would be looking forward to utilizing the tools and other features that SRK has already developed and hope that the synergy between us would allow the SRK to use KCLP.
Aman: Well, we have developed this partnership thinking for long-term benefits for both SparkPoint and KCLP. With more developments coming in KCLP and SRK, both of our communities will get access on a prior basis. Yes, you can expect them with KCLP as well. And regarding the support from SparkPoint, we are already getting good support from SRK and the community, too. We are expecting this good support in the future as well.

Q: Are the KCLP getting IDO applications? How much have you received applications? As the launchpad on KCC, when should we expect the implementation of KCLP on KCC? Please enlighten.

AMAN: Yes, we have received numerous applications and, we keep getting approaches with projects daily in our social profiles.
We haven’t kept a count for the profiles that we have as advisors that helps us in filtering out the projects upon discussion and proceed further with them. We are currently developing the KCC bridge as of now and would be migrating to KCC as soon as the bridge becomes functional.
For IDO projects, we have finalized one more project and would be going forward with its IDO part before August ends.

Q: Many project talks only about their strengths. Can you talk about the weak point that your project is currently dealing with and how KCLP x SparkPoint will help overcome that?

We don’t see things like strengths or weaknesses. We see them as challenges.

Aman: To be honest, we have received some challenges in the past few days with the launch and everything which included some changes in the tier system and everything. We have taken the opportunity to give honest answers to the community regarding the same then we incorporated their awesome and genuine feedbacks into the same.

The voice of the community can be a challenge and, at the same time, a strength if you look from a different point of view. We love being community-centric.

Karan: COMMUNITY FIRST!! Alright! Time for the last one and then, we will move for live questions. Keep your questions ready Sparkies!

Q: Give me a single word that you want to say to your competitors as you got your first IDO with huge success.

Karan: Like he said ONE. He is asking ONE from you Deepanshu!
Now, this is what you can call tricky, probably?

Deepanshu: Well, the correct word would be interesting.😋 As Sir Michael Jackson would say, we are “Smooth Criminals”.

Karan: LOL!

Deepanshu: 😂 There were many ways to put it but, this song came to my mind.
Aman: I like this one lol.
Karan: I like that too lol. Alright! Are you ready for live questions?
Aman: Yes! Let’s do it!

Live Questions

Q: What are the benefits of holding your token as a long-term investment? Can you tell us about the motivation and benefits for investors to keep your token in the long run?

Aman: Well, starting with the basics, holding KCLP tokens will allow you to participate in the IDO of different projects that will be launching on the KCLP launchpad. Apart from this, users can earn huge rewards by simply staking and liquidity farming. We are planning something good for the community who have joined us for the long run and, I’m sure, no one would like to miss it. Be ready to get exciting news.

Q: What makes you think KCLP can outperform other launchpads? You have not yet announced the 2nd IDO after 2 days of your IDO.
Your community is waiting…

Deepanshu: I consider that the performance and efficiency of launchpads are determined based on the quality of the projects and how much successful the launched projects can be. Since we are in the early phases, we try to select the best project with their background and use cases. For the current one, it has been a massive 170x from the initial price and is currently trading around 10x to 12x the price as of now.
For the second IDO, we would be announcing it within 2–3 days as soon as we make the due diligence, and most likely, IDO would be happening by the end of August.

Q: What do you think is the next development trend of the crypto wallet industry? What’s the developmental goal of KCLP?

Deepanshu: The current main development goal would be the building up of a bridge to KCC. Apart from this, we are looking to launch new projects which have some use cases and would be going in for the long term. The next trend can’t be predicted however, we are trending #KCLP (LOL). Apart from this the development would in terms staking and farming on our own platform.

Q: NFT is a trending topic. How does KCLP see the future of NFT? And what is KCLP’s NFT Market Entry Plan?

Aman: I agree NFTs are a hot topic nowadays. We have some plans in a queue for the NFTs related to KCLP. We have already initiated our first step regarding that with an NFT competition where we will buy back 10 NFTs with the KCLP logo for 2 BNB each. Stay tuned with the KCLP announcement channel for more updates regarding NFTs
▶ https://t.me/kclpAnnouncements

Q: Many investors hit and run in the sell and sell session after listing on the first exchange. How will your project prevent early investors from selling their tokens and, what benefits will you give them?

Deepanshu: We take the value of something we have built or launched very dear to our heart and considers that it should have long-term usage and price sustainability. To maintain the investors and price value of the token, we have a strong vesting schedule that will prevent excessive dumping of a token.

Karan: Alright! That’s it for today Sparkies. Thanks, Mr. Deepanshu and Mr. Aman for sparing some time for our community and joining us for AMA today

Deepanshu: Thanks for having us and, we are more than delighted to have such a smooth interaction with us today.

Aman: Thanks Karan for this interesting AMA.

KuCoin Launchpad Official Links

We just fulfilled another #AMA Session from the #AMA Series! We take pride in bringing the best partners and projects to the community. Hope that all those unfolded stories and information from the KucoinLaunchpad team will contribute to your crypto-vocabulary! Expand your knowledge to the moon! 🚀🌕

Let’s talk again on the next #AMA, #Sparkies! Adios. 👋

Learn more about SparkPoint and SparkDeFi from the following links:

SparkPoint Website: https://sparkpoint.io/
SparkDeFi Website: https://srk.finance/

Trade SRK: https://srk.sh/trade
Trade SFUEL: https://srk.sh/tradesfuel
SRK-ETH on Uniswap: https://srk.sh/uniswap

Telegram Announcements (SparkPoint): https://t.me/sparkpoint
Telegram Announcements (SparkDeFi): https://t.me/SparkDeFiOfficial
SparkPoint Community on Telegram: https://t.me/SparkPointOfficial
SparkDeFi Community on Telegram: https://t.me/SparkDefi
SparkPoint Twitter: https://twitter.com/sparkpointio
SparkPoint Facebook: https://facebook.com/sparkpointio
SparkPoint Instagram: https://instagram.com/sparkpointio
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/