SparkSwap V2: To the Second Power!
From SparkDeFi to simply SparkSwap. Gear up as the SparkSwap DEX V2 is right around the corner
SparkPoint will soon launch the second version of its Automated Market Maker Decentralized Exchange (AMM DEX) this June 2022 and alongside the latest version comes a refreshed and updated branding for its decentralized platform. From SparkDeFi, to SparkSwap! Let’s have a rundown on the rebranding process and what has changed!
At the height of the pandemic, SparkDeFi was born!
A little refresher, Sparkies! SparkDeFi is SparkPoint’s governance token-based Decentralized Finance (DeFi) platform that empowers individuals to unlock the true value of their cryptocurrency assets. The platform offers an array of decentralized apps (dapps). The platform was officially unveiled to the community on the 15th of October 2020. Yes, at the peak of the COVID-19 global pandemic, a team of ten from SparkPoint launched a DeFi platform while everyone was confined in their homes due to the ongoing lockdowns that time!
The first dapp to arrive and launch on the platform is SparkPool (Pool-based and Liquidity Pool Staking/Farm), a cryptocurrency multi-staking dapp that rewards liquidity providers and stakers with SRK, SFUEL, and other rewards tokens from various token projects. It was followed by the launch of SparkSwap AMM DEX where everyone can instantly exchange SRKb, SFUEL, and other token pairs that have liquidity in the DEX. The event was followed by the availability of SRK on the Binance Smart Chain (BEP-20) dubbed as SRKb, and the launch of another dapp where users can bridge their SRK ERC-20 in the Ethereum network to Binance Smart Chain — SparkBridge. The launch of the bridging dapp made it easier for the community to take advantage of SparkDeFi’s dapps that’s built and running on the Binance Smart Chain network. Months later, the team successfully launched the SparkLaunch IDO Launchpad Platform, a sub-platform for projects (e.g., Ownly NFT Startup project) that will be conducting their initial DEX offerings (IDO), and the platform for investors to discover projects that they would like to invest in — helping the project reach their full potential and get the mass onboard later. Most recently, an NFT platform dubbed as SparkNFT was launched to accommodate the growing demand for NFT dapps like minting and management of NFT collections.
Despite the hurdles, struggles and numerous blockers caused by the ongoing pandemic, the team never stopped building the fintech platform. While the platform has undergone alterations within its almost 2-year run — to adapt to the growing and ever-dynamic space of blockchain technology and fintech, the platform remained true to its goal: to bring the world closer to this utopian society built on top of a strong free market and away from disproportionately high commission charging intermediaries that serve antiquated purposes. And this goal will go further as SparkDeFi has started to evolve.
The transition begins
As SparkPoint’s DeFi platform continuously grows and improves, some much needed improvement on the platform’s branding structure is due.
Here are the changes coming:
- ‘SparkDeFi’ will be rebranded to ‘SparkSwap’. The old ‘S’ logo will be retired and will be replaced with a more modern ‘S’ logo resembling the lightning ⚡️. It is to recognize the platform’s consistent, lightning-fast transactions, thanks to Binance Smart Chain.
- The old SparkDeFi website will be replaced with a refreshed one. Goodbye ‘srk.finance’, hello ‘sparkswap.finance’! The old domain name will be directed to the new SparkSwap website.
- SparkDeFi’s social media accounts, channels, community groups and related platforms will soon carry the SparkSwap branding, so expect this to happen in the coming days!
The transition phase will not only touch the appearance of SparkPoint’s updated DeFi platform but also under the hoods of the SparkSwap DEX V2. More details to come, so watch out for the announcement this June.
The new website is a work-in-progress, and ongoing developments are still being deployed to it, so expect some downtime, bugs, inconsistencies, and changes to the contents. These are normal, and we expect to finish the development before June ends!
Learn more about SparkPoint and SparkSwap from the following links:
👋🏽 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
ℹ️ SRK on CMC: https://coinmarketcap.com/currencies/sparkpoint/
ℹ️ SFUEL on CMC: https://coinmarketcap.com/currencies/sparkpoint-fuel/