SPARKSTER REVIEW

Type: Platform

🍰 Remember when a dollar could get you and your sweetheart a slice of cherry pie and a glass bottle of Coke, with enough left over to ride the steam train back to the tabernacle? When shoes were made of leather and lasted a lifetime? When fences were white and picketed?

Nope. Me neither. Let’s just talk about ICO’s.

So, Sparkster. What we have here is another bright-eyed, hopeful young platform looking to launch itself into the arena of decentralized app providers. The project description uses those terms we see all the time — like distributed cloud, decentralized execution, double jeopardy — and joins the ranks of tons of crypto startups trying to become the main providers of dApps.

So does Sparkster stand out from the crowd?

📣 Well, they talk the talk, that’s for sure. Their idea is to provide a drag-and-drop platform for the creation of dApps. Much like what Wordpress did for website creation, Sparkster aims to remove the need for any coding experience when building digital decentralized applications.

👹 If successful, it could disrupt the entire app-building area of the tech industry, as individuals do their own app development, without having to hire those smelly looking tech guys. Ha! Remember when tech guys looked like trolls?

There’s already something of an MVP in place - their distributed cloud can demonstrate a rate of 6,000 tps, although the project is still in the beta stage.

The team and advisors behind the project can point to a long list of reputable acronyms, such as MiT, IBM, HSBC, NBC, and even OLA! Whatever that is.

Whether these are firms they’ve worked with or just people they’ve emailed, who knows. But that list of popular acronyms looks good to Mr Average Joe investor.

😒 Maybe too good.

Moving on for now, the team has set a reasonable hard cap of $30,000,000, with a planned token limit of 435,000,000. The platform’s native currency — the SPARK token — is ERC20 based, and can be purchased during the ICO with ETH, BTC, USD, XLM or XRP.

There’s currently no GitHub page in place, but this could merely be a move to protect their product. Internet chatter has warmed up on Sparkster recently, after the company won Ian Balina’s Amsterdam Crypto World Tour ICO Pitch Event and after rating it the highest in his spreadsheet, however not all the chatter is positive.

🔎 Clues for:

Strong idea — creating an accessible dApp development programme for the average user.
Have demonstrated a high rate of transactions per second.
Very reputable list of ‘associated’ companies among their team members and advisors.
Already has compatibility with Ethereum and IOTA networks.

🔍 Clues against:

No GitHub in place.
Mixed messages coming from team. First website said SPARK was XRP-based, then changed to saying it was ERC20-based.
Many commentators have questioned the legitimacy of the team in recent months.
High competition from other dApp providers, like EOS and Waves.

💼 The case has been solved!
Look, Sparkster sounds great. If they can deliver what they promise then they won’t need to be worried about suspicious reviewers like me. However, Ian Balina and his troops will certainly bring a lot of attention to the project, and they are already ten times oversubscribed in their private/presale. That turns the project good at least for short / mid term.

📉 RATING: 79/100

🖥 Website: https://sparkster.me/
📬 Telegram: https://telegram.me/SparksterICO
🎩 Hard Cap: $30,000,000
💯 Total Tokens: 435,000,000
📅 ICO Starts: June/July 2018
👛 Tokens to be Sold: 67%
📃 Whitelist: will be available soon

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This is not financial advice and is not intended to be used as such. We are not financial advisors. Always do your own research.