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Presenting SparkLaunch 2.0: Your Gateway For “The Next Big Launch”

Featuring a refreshed interface and new features, SparkLaunch aims to cater to more functions and ways to participate in the latest IDO offerings and launches. Read the updated guide in this article.

What’s New?

Participating in an IDO Launch

Content:

  1. Introduction: For starters, what is an IDO, Launchpad?
  2. Process
    a. Staking your SFUEL and SRK on SparkPool Pools (Pool-based Staking dapp on SparkDeFi Pool dapp)
    b. Pool Hold Period
    c. SparkLaunch Tiered System
    d. SparkLaunch Tier Star Models
    e. Launchpad Sale and Swapping Process
    f. Verification and Whitelisting
  3. Conclusion

I. Introduction: For starters, what is an IDO, Launchpad?

  • Payment of a huge sum or offering a portion of the tokens to the exchange
  • Prohibiting the project from listing their token on competing exchanges
  • Having small leeway in controlling the parameters of a project’s token sale.
  • Bridge the gap between an investor and a promising early-stage crypto project. It also helps new projects to attract the community, thus making it easier to onboard them to the project, also a gateway to learning more about these new projects.
  • Provide a way to raise capital for these projects while allowing investors to gain early access to token sales, like an advertising tool that helps the project garner crowdfunds. (Having purchasing these tokens before it hits the market gives investors big discounts.)

II. Process

1. Staking your SFUEL and SRK on SparkPool

  • There’s no minimum amount to stake
  • No maximum amount on staking
  • Claiming and withdrawing your earnings is a breeze
  • Pools are open and don’t expire

2. Hold Period

3. SparkLaunch Tiered System and “Stars” System

  • Participant A (5,500,000 SRKb) = 1x Pyro Star (5.2M). Total staked is 5,200,000 SRKb. There is 300,000 left over, which will not be applied to any Stars.
  • Participant B (5,050,000 SRKb) = NO Pyro Star (5.2M), 1x Blast Star (2.6M), 1x Blaze Star (1.2M) + 1x Spark Star (600k) + 2x Ignite Star (650k). Total staked is 5,050,000 SRKb. There is 0 left over.
  • Participant C (2,500,000 SRKb) = NO Pyro Star (5.2M), NO Blast Star (2.6M), 2x Blaze Stars (2.4M). Total staked is 2,400,000 SRKb. There is 100,000 left over.
  • Participant D (950,000 SRKb) = NO Pyro Star (5.2M), NO Blast Star (2.6M), NO Blaze Stars (1.2M), 1x Spark Star (600k), 1x Ignite Star (325k). Total staked is 925,000 SRKb. There is 25,000 left over.
  • Participant E (400,000 SRKb) = NO Pyro Star (5.2M), NO Blast Star (2.6M), NO Blaze Stars (1.2M), NO Spark Star (600k), 1x Ignite Star (325k). Total staked is 325,000 SRKb. There are 75,000 left over.
  • Participant A (1,500,000 SFUEL staked) = 2x Pyro Stars (1.22M), NO Blast Stars, 2 Blaze Stars (280k), NO Spark Star, NO Ignite Star. Total staked is 1.5M. There are 0 left over.
  • Participant B (500,0000 SFUEL staked) = NO Pyro Stars, 1x Blast Star (305k), 1x Blaze Star (140k), NO Spark Star, 1x Ignite Star (38k). Total staked is 483k. There is 17,000 left over.
  • Participant C (250,000 SFUEL staked) = NO Pyro Stars, NO Blast Star, 1x Blaze Star (140k), 1 Spark Star (70k), 1x Ignite Star (38k). Total staked is 248k. There are 2,000 left over.
  • Participant D (108,000 SFUEL staked) = NO Pyro Stars, NO Blast Star, NO Ignite Star, 1 Spark Star (70k), 1x Ignite Star (38k). Total staked is 108k. There are 0 left over.
  • Participant E (40,000 SFUEL staked) = NO Pyro Stars, NO Blast Star, NO Ignite Star, NO Spark Star, 1x Ignite Star (38k). Total staked is 38k. There are 2,000 left over.

5. Launchpad Sale and Swapping Process

Round 1

Round 2

VI. Verification and Whitelisting

Conclusion

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Drei Bongalos

Fueled with caffeine everyday. Tech-news enthusiast and fond of reading gadget reviews. Currently one of SRK’s Senior Marketing Specialists.