What Is SparkPoint (SRK)?

The SparkPoint (SRK) ecosystem is a ground-breaking payment gateway alternative that not only provides an ease to the market but also claims to educate people on financial education and fulfill entertainment demands while rewarding consumers. The ticker name of the asset is SRK.

According to the whitepaper, users can make use of SparkPoint’s ecosystem to pay utility and credit card bills, university fees, and insurance premiums and to make online purchases, as well as send both traditional and digital currencies in a secure and transparent manner.

The platform's vision is to encourage consumers to participate in the digitization of payment transactions by providing comprehensive financial services that are integrated with blockchain technology, making coin transfers and cryptocurrency trades easier.

Further, the platform’s mission is to redefine the world of digital payments to become an international competitive project that focuses on financial inclusion that integrates blockchain technology while fostering financial literacy awareness.

The token is an ERC-20 token that runs on the Ethereum blockchain. As claimed by the website, it is one of the few Philippines-based cryptocurrency projects that is actively traded on exchanges. 

Finally, the token by the platform is a cutting-edge cryptocurrency with a long-term value ecosystem. The company is able to trade and burn SRK tokens from the open markets each quarter, utilizing a major portion of the project's revenue until the entire supply is decreased to 10 billion SRK.

History of SparkPoint (SRK)

The asset was launched in the first quarter of 2022. Andy Agnas is the CEO. He is a blockchain enthusiast as well as a financial and tax consultant.

Rico Zuniga is the CTO and is a ConsenSys-certified blockchain developer.

According to the website, the platform now has a total supply of 14 billion tokens, which is expected to be lowered to 10 billion over the course of several token-burning events.