Token Info
Token Symbol: SPARK
Token Type: Utility
Exchange currency: ETH
Website: https:/sparkster.me
Overview: Sparkster is a decentralized cloud based platform that allows users to create softwares without the need to know coding languages.
1.Idea
- Sparkster is aiming to be the fastest decentralized cloud based platform, where you can bring your ideas to reality. What makes the project unique is that you can create softwares without any knowledge of coding languages. Sparkster does this by allowing to code in plain English on its platform.
2.Human
- Sparkster’s team members come from well known companies such as Cisco, HSBC, Wipro, Infosys, Capgemini, Citibank, IBM, Accenture, AT&T, Pfizer, NBC Universal, Snapdeal, OLA, etc.
- They are seasoned within the industry related to the projects that Sparkster is working on at the moment.
- Members within the leadership team have been working with each other for years. They have a strong connection and should be able to cooperate effectively.
3.Token
- Tokens Sold during Sale : 290.000.000 ~ 67% (Delivered 2 weeks after crowd sale)
- Price: $0.15
- Sparkster Initial Investors: 20%
- Sparkster Team: 10%
- Exchange Listing Liquidity: 2%
- Sparkster Dream Charity: 1%
- Restrictions: USA, China, South Korea residents
4.Roadmap
- The roadmap is detailed and impressive. The goals of the company are well defined and plans are clearly written to 2019. According to the roadmap, we can state that the company has been able to achieve great scale with over 15,000 transactions before token sale.
5.Competitive Advantage
- The idea is tackling major issues within the tech industry
- The website presentation is professional and comprehensive with all needed information displayed
- The development team consists of experienced members, who have qualified skills within the industry
- The team has completed most of the core plans outlined on the roadmap for the project
- The token is distributed logically with an acceptable hardcap. It is also vested appropriately for developers. The sale policy is tight and shouldn’t violate any law.
- The company is also filing a patent within the upcoming months to avoid competitors
6.Community
- Amount of members on Telegram rapidly increased from 1,000 members to 3,000 in just 2 days from May 12 -14. At the moment, Sparkster’s telegram channel is quite big with around 50,000 members.
- On Facebook, Sparkster currently has over 5,000 followers with each posts recently averaging around 300 likes and 300 shares. This could potentially be a marketing scheme for token sale, as Sparkster is starting its whitelisting process.
- Sparkster’s LinkedIn profile has over 1,800 followers with 24 employees registered. This shows that the product is real, a crucial factor for current ICO sentiment.
7.Products
- Sparkster Decentralized Cloud is aiming to reach 10 million transactions per second. Therectically the goal is reachable, since the scalability is based upon the amount of miners within the network. The more miners there are within the network, the faster the cloud will be able to process transactions.
- It is crucial to understand that the claim is only theoretical. We have to actually wait to see if the network is capable of handling 10 million transactions per second.
- Sparkster Platform will allow users to create softwares and applications without any knowledge of coding language. They can be used on the platform or on the Decentralized Cloud. In the long run however, softwares will be better off being used on the Centralized Cloud.
- The product doesn’t have any commits on Github.
Recommendation:
Strengths:
-Sparkster has been able to team up with ARM and Libelium, two companies that are working with high technology providing solution to power IOT. The partnership can provide Sparkster a strong support to develop its products
-The project is tackling two major issues within the tech industry: ability to code and scalability. If Sparkster can successfully solve the problems, this will not only be beneficial for the investors but also for the tech industry as a whole
-The testnet was tested with over 15,000 transactions per second and the Sparkster has already been created. The team is also strong with a fine mix of business leaders and experienced technical people.
Concerns:
-At the moment there aren’t any commits for the project on Github. While this could be understood as a way for the company to avoid competitors before filing a patent, the only way we can be assured that the project is legitimate is through the review of Ian Balina and the project’s testing videos on the web. Until the code is published on Github, investors should be aware with the amount of investments that should be put into the project
Sparkster Protocol:
Website: https://sparkster.me
Whitepaper: https://drive.google.com/file/d/1_341kbDEDc9PWn4lbsCGpAmcqDqcggUq/view
Twitter: https://twitter.com/sparkster_me/
Facebook: https://www.facebook.com/sparkster.me/
Telegram: https://t.me/SparksterICO
Author: Zakie
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1317115
ETH address: 0x85222B43927F65d7B0169172463c4F60E9A00dFa