The idea of coding apps is something that most people feel is going to be limited to those with very clear knowledge as to how it all works. However, Sparkster is hoping to change all of that simply by opening up opportunities for people to learn how to code, and do so from the ground up. This all sounds pretty good, but we want to know about the ICO and how their token is going to work, so let’s check it out.
What is Sparkster?
Check their website here
The new project is hoping to take advantage of the fact that blockchain technology is perfectly set up to help people in all kinds of areas, and decentralized apps is certainly something that has seen significant growth in recent times.
The company states that it is their aim to provide an easier way for people to create Dapps, and they plan on doing this by making it easier to access a variety of tools as well as software that will pave the way for the smoother creation of a range of applications. They will also have both individual and business accounts where you will be able to learn more skills that you can then take forward into the development of the applications.
The Technical Aspect of Sparkster
The way in which the project is aiming to achieve all of this is by using a rather simple approach. They are going to be using a drag and drop principle on their interface that will provide users with the chance to see what their Dapp actually looks like before they open it up to the world.
The product is built on the Stellar platform, and they use the blockchain to help in the launch of the application. Thanks to their technology, the Dapps that are created can also be used on other blockchains, which makes a cool change and does open up the possibility of encouraging people to turn to Sparkster knowing that this is possible.
The token that has been produced by Sparkster can be used for transactions on their peer to peer marketplace where individuals and businesses are able to sell the software that they have created to other parties. This in itself is a good use of the token as it does mean that it will have significant value if the software or application is viewed as being useful, and it can drive forward the entire platform at the same time.
Basically, from the technical side of things, the team behind Sparkster have sought to make life as easy as they can, and it does appear as if they have been able to achieve that. They have kept the idea of it being open to those just starting out at the forefront of their mind so have avoided over-complicating matters wherever possible.
The Advantages of Sparkster
There are a number of advantages of using Sparkster even though they are not offering a unique product in any way. First, the plug and play option does make life so much easier for those starting out and providing additional tools that also educate individuals should mean that they can go on to develop better applications in the future.
Aside from that, the overall interface is well laid-out and easy to follow, which does potentially help when it comes to Sparkster trying to bring people over to their platform. Furthermore, the coding aspect does appear to be a good idea just as long as they are able to keep things as simplistic as possible or at least introduce a way by which individuals can further their knowledge and begin to develop more complex applications in the future.
The Financial Details and the ICO
From a financial perspective, then it gives us an indication as to how they value their own idea. They have decided to create a total of 435,000,000 tokens, and during the ICO they are making 67% of the tokens available along with a hard cap of $30 million and a soft cap of $5 million.
During the ICO phase, they will be accepting several cryptocurrencies including BTC, ETH, XLM and XRP while they also accept USD which is slightly different to a number of offerings where it is restricted to cryptocurrencies. Speaking of restrictions, if you are in the United States then you will be unable to take part on the offering.
The ICO price has also been set at 1 SPARK equating to $0.15 or, alternatively, 4650 SPARK for 1 ETH, and there are bonuses available of up to 30% during the ICO period.
Earn free tokens
The platform is also offering users to earn free tokens during their ICO, you can find more details here
Overall Conclusion About Sparkster and the ICO
What Sparkster is offering is not exactly new as there are other similar opportunities out there that are offering something pretty much identical. However, that should not put you off at least considering what they have available and whether or not this proves to be a good deal with the ICO.
One thing that is in their favor is that the coding aspect is different to most other options, so that could help them to stand out from the crowd and to pull in a significant number of individuals and businesses that wish to explore things further. They are also helped by already having a product out there, so moving it over to the blockchain is just another step forward for the company in general.
Yes, their product is going to result in people being able to build their own applications but they will face some difficulties in trying to move people to their network. Their ICO is not exactly over-priced so they should be able to reach their soft cap without too many problems.
So, should you consider investing in this ICO? Well, there is a product and service there to explore, and they do know what they are doing from a technical point of view so that has to be a positive. The price seems reasonable enough as well during this period, and with no real mention of a minimum investment, then it could be worth dipping your toes into the water and seeing how things evolve in the near future.
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