RECAP AMA IDCRYPTO X SPARKLE COIN

Date : Monday, February 1st, 2021
THERE IS 3 SESSION FOR AMA

  1. INTRODUCTION
  2. QUESTION FROM TWTITTER
  3. FREE ASKING

SESSION 1 (INTRODUCTION)

IDCRYPTO:
Hello Victor Wong
welcome to our community, we are glad to be with you here.

Victor Wong:
Thank you!

IDCRYPTO:
Can you please introduce yourself and your background to us first?

Victor Wong:
I have been an inventor, entrepreneur, and futurist since a child. I have founded a number of successful companies that have fundamentally changed the world. The first company was one of a handful that was authorized by Apple to make Mac OS compatible computer systems. We produced the most powerful Mac OS computer ever back in 1997 and was the first company to offer a “bare-bones” configuration whereby the end-user can add their own RAM, hard drives, and other components. On the software side, I also founded a company that used Web Objects from Apple to create one of the first web-enabled business management software applications. This software powered online commerce for companies like Lucent Technologies and even the LBJ Presidential Library and was marketed by Apple to its enterprise customers. After this I founded Open Labs, which was the first company to create a complete all-in-one music production station powered by a computer and Windows, which was integrated into a musical keyboard. Our products included the NeKo, MiKo, and DBeat and was used by many artists and producers to compose and perform music including: Prince, Madonna, Faith Hill, KoRn, Maroon 5, Timbaland, Polow Da Don, Lil Jon, Michal Jackson, Linkin Park, Teddy Riley, and many others. One use example is all the keyboards on stage for the Super Bowl performance by Prince were from my company. We were instrumental in introducing the world to music production and performance using computers, which is now the norm.
Currently I run several technology-based companies including Music Computing, a maker of large format touch screens that are used by companies including Capital One and National Instruments, and government agencies like DARPA, and in boardrooms and trade shows worldwide. We were the first to produce multi-touch capabilities for Windows based computer systems as well as the first to produce any touch capable screens for Mac OS. Another company I currently run is Victor Racing, which makes Smart Active Aero products for cars. Our latest line of products won a Best New Product Award at the SEMA show in 2019 and is currently being used exclusively by the U.S. Touring Car Championship racing series.
In 2016, I also founded SparkleCOIN, a blockchain and cryptocurrency technology company, Our goal was to help make cryptocurrencies and blockchain technologies be used in daily transactions along with traditional financial platforms.

IDCRYPTO:
Interesting background, thanks for the answer
Next, can you introduce about SparkleCoin to the IDCrypto community?

Victor Wong:
When we started SparkleCOIN in 2016, we realized someday the value of cryptocurrencies were going to be based on real-world transactions and not just hype or speculation, so we have constantly created more and more technologies that will allow us to create turnkey solutions and ecospheres of uses that will allow $SPRK to be used in real transactions so when that day comes, we will be ahead of the game and our valuation be verifiable and standup to the true measurement of cryptocurrency worth.
To do this we had to create a sustainable blockchain. SparkleCOIN $SPRK is a hybrid token with both POW and POS. We designed it this way so it can be sustainable. With POW only cryptocurrencies, the increase in cost to mine the tokens may eventually make mining unprofitable and thereby dissuade miners from providing the needed processing power and security for the blockchain. With a combination of Mining and Minting, the SPRK blockchain can be assured of the processing power it needs. Furthermore, since we designed the SPRK blockchain to conduct high volumes of transactions, we set the network fees very low so that won’t become an impediment to people and businesses using the SPRK token to conduct their business transactions. Finally, it was important that we created a MainNet blockchain and not an ERC20-based one. Virtually every company we have spoken to about our new SPRK Awards Platform insisted that we had control over our own blockchain so that if something needed to be changed or added, we could do it ourselves and not be at the mercy of another company.

IDCRYPTO:
Next, Can you share with the community what SparkleCoin has been doing since its launch?

Victor Wong:
When we launched our ICO in 2017, which was live-streamed from Techcrunch’s Disrupt event in San Francisco, our blockchain was already operational and the $SPRK tokens created. We ended our ICO with $SPRK at $35. We created a three-company ecosphere to support our $SPRK which included the SPRK Blockchain and token, a cryptocurrency exchange that we coded from the ground up, and an online shopping mall that offered products from Amazon.com and Walmart that people could use cryptocurrencies to purchase products. After our ICO ended, we launched the exchange and trading for $SPRK reached $68 per token. Unfortunately, the entire global cryptocurrency market collapsed in 2018, led by Bitcoin so by the time we launched our online mall in mid-2018, people were not interested in purchasing product using their cryptocurrencies. Shortly after that, due to changing regulations in the United States, we decided to shut the exchange down. However, from these launched and operational services, we amassed a tremendous amount of technology, which along with other resources we had, we set aside and waited for the market to return. Last year when it started to come back, we rebooted the company and created the new SPRK Awards Platform that we feel is the right product at this time to increase the uses of $SPRK and demand for the token.
SparkleCOIN is unique because we are not just a technology play like many others. SPRK, the token, is only part of the solution that we have created. Around SPRK, we have developed sophisticated transactional software and platforms that are designed to seamlessly move values from the virtual world to the real world and back. The SPRK Awards Platform is a turnkey end-to-end solution for the exchange of virtual assets and fiat currencies by means of a stable token valued at $1 and any number of cryptocurrencies with constantly changing values, governed by the SPRK token. The solution includes business methodologies, software technologies, integration, a blockchain, and direct real-time transactions with the world’s largest cryptocurrency exchanges. The SPRK Awards Platform can be utilized by any company that has a virtual economy such as gaming, company loyalty rewards, and even brick-and-mortar businesses. Our first client partner in this is a music download company with normal revenues in excess of $140M annually. They will be using SPRK in their transactions and will directly drive demand for SPRK on the third-party cryptocurrency exchanges, which is part of the ecosphere around the SparkleCOIN (SPRK) token.

SESSION 2 (QUESTION FROM TWTITTER)

IDCRYPTO:
Question 1
With so many new project survive we can easily to make benefit. But not all improve their secure system. How about SparkleCoin ? Is there will be update secure on some time in near future ? Or you trust your security system now ?
From @gojo_sa_to_ru

Victor Wong:
The SPRK blockchain is very secured as well as the wallets that we provide. The private keys are never displayed or sent and as long as the token holder practices good security for their computer systems and encryption password phrases for their wallet, there should not be any security issues.

IDCRYPTO:
Question 2
As Head of Community, can you tell us what’s the role that community plays in Sparkle, and how do you plan on developing it?
From @New_Crypto20

Victor Wong:
We operate under the mantra that we know a lot but not everything so our community is very important to us. They provide us with important feedback and also help us to get the word out about the things we have created and offer. We recently hire SK Chain, one of the best marketing and community building consultants for the cryptocurrency market out there. In just the last week, we have had hundreds of new people join our telegram group and engage the company actively. We are very excited at this and will be expanding this program to grow our community even more.

IDCRYPTO:
Question 3
What business models can be integrated with SparkleCoin? Are there certain conditions or can every business startup join SparkleCoin?
From @Randigul

Victor Wong:
Our new SPRK Awards Platform can be used by any company or community with a virtual economy that wants to transact with real-world financial platforms. There are no size requirements to sign up to use the platform.

IDCRYPTO:
Question 4
I read that SparkleCoin uses a high-performance Trade Execution Engine that supports pluggable matching algorithms. What are the advantages of this engine within the platform? What algorithms does it support and how is this reflected in the trades within Sparkle?
From @y1sus_afp

Victor Wong:
The advantage in having this engine means the cryptocurrency exchange can be extremely flexible and quickly adapt to changing market conditions, in real-time. Some of the algorithms it can support are FIFO and Pro-Rata, but there are others.

IDCRYPTO:
Question 5
How is sparkle Coin a hybrid Cryptocurrency with Pow and Pos What are it main features and usecases?
From @OkanBoysan29

Victor Wong:
SparkleCOIN (SPRK) is a hybrid token with both POW and POS. We designed it this way so it can be sustainable. With POW only cryptocurrencies, the increase in cost to mine the tokens may eventually make mining unprofitable and thereby dissuade miners from providing the needed processing power and security for the blockchain. With a combination of Mining and Minting, the SPRK blockchain can be assured of the processing power it needs. Furthermore, since we designed the SPRK blockchain to conduct high volumes of transactions, we set the network fees very low so that won’t become an impediment to people and businesses using the SPRK token to conduct their business transactions. Finally, it was important that we created a MainNet blockchain and not an ERC20-based one. Virtually every company we have spoken to about our new SPRK Awards Platform insisted that we had control over our own blockchain so that if something needed to be changed or added, we could do it ourselves and not be at the mercy of another company.

SESSION 3 (FREE ASKING)

Raphaelle Heidenreich:
I see your project have some partners but who are the main partners of SparkleCoin ?What are the benefits of cooperation with the SparkleCoin ecosystem?

Victor Wong:
There will be more announcements coming very soon!

Gina Renner:
Regulation is very important. Projects are closed in many countries for failing to use proper regulations and permits. To be worldwide; how do you handle this problem?

Victor Wong:
We have many lawyers worldwide that help us stay in compliance
.

Alikaa Azzahra:
Features What unique features are there in the #SPRK rewards platform to offer enterprise level combinations and solutions – what kind of multi-ledger system does #Sparklecoin do, can you explain a little?

Victor Wong:
Please download our white paper
.

Yvonne Hamill:
Where did you get the inspiration for this unique project idea? And what influence will we have on the crypto industry due to the project? BRIEFLY EXPLAIN THE features/improvements you are planning to add to your products in the near future and the Ecosystem?

Victor Wong:
The virtual world and the real world in combining together. With things like Oculas, that is becoming closer everyday. There needs to be a bridge between the virtual economies and the real world ones. That’s what we are trying to acheive.

Rosemary Bianco:
In the “Cryptographic Payment System”, how is it possible for users to accept cryptocurrencies through an online point of sale? Isn’t it something similar to what happens in real life with points of sale? How has Sparkle Blockchain accomplished this?

Victor Wong:
Please download our white paper

Carmen Bartoletti:
where is SparkleCoin listed on the $SPRK token exchange market and where can I buy $SPRK tokens?

Victor Wong:
We are currently listed on SouthXchange.com but will be listed on some of the biggest exchanges in the world within the next few weeks.

Abbie Bernhard:
What is the structure of SparkleCoin , is it decentralised or a open sourced protocol where everybody can contribute? If so, how does the governance plan on being handled?

Victor Wong:
The SPRK Blockchain is open source. You can find it on Github

Out Of Range :
project development, the top priority is to have sufficient funds. Is your team financially able to carry out this project? Do you have sufficient funds for its development. Can you tell us how your project is turning a profit? @TheVictorWong

Victor Wong:
Yes, we are well funded. The just invested over $500K into the project in the last 30 days to reboot the company and to rollout the SPRK Awards Platform and also pay for exchange listing fees. We will probably put in another $500K in the next 90 days to keep pushing things upward.

Bailee Wintheiser:
Investors seem to only care about the price of the token instead of the real value of the project, how does your team attract newcomers and keep members long-term with the project? What is the real value of $ SPRK ? Many #DeFi smart contracts have bugs and prone to security breaches. How secured is yours in SparkleCoin ? Did you ever audit your smart contracts code?

Victor Wong:
The SPRK Awards Platform does not use smart contracts.

atm flash:
What do yоu to fоr increasing SPRK VаIue & ReaI dеmand of thе SPRK Tоken?

Victor Wong:
The first company using the SPRK Awards Platform had annual revenues of $140M pre-COVID. $36M during COVID. They offer a sweepstakes that pays out 2/3rd of their revenues. The payouts will be conducted through the use of $SPRK, that mean they will be placing buy orders in the exchanges to create direct demand for $SPRK.

Ken Ken:
Are you thinking about DeFi’s current view that SparkleCoin future? Do you think it is viabIe and do you have any pIans on tapping the digitaI market?

Victor Wong:
We think DeFi is interesting and we want to be the bridge between that want traditional financial platforms.

Sjje Jj:
Is this the same $SPRK that was supposed to do an Airdrop with $XRP last year? What are your thoughts on the current rumors and stories that NFT is the future of DeFi? Do you think it’s verifyable and do you have plans for tapping into the digital art marketplace?

Victor Wong:
No – We are not that. We have nothing to do with Ripple.

Memo:
With Sparkle coin, can you develop the best gaming platforms with rewards? Or will it just be Sparkle that will allow users to change the winnings obtained in these games to tradable currencies?

Victor Wong:
We can do anything like that if the solution requires it.

Eveline Abbott:
What are you major goals to achieve in the next 3-4 years ? And What are your plans to expand and gain more adoption ?

Victor Wong:
Our goal is to keep adding more and more companies into the use of the SPRK Awards Platform. They will place buy orders in the exchanges for $SPRK and we get to onboard all their existing customers and users. It is the fastest way to grow.

Kelli Beahan:
If you were to explain SparkleCoin to a layman who has virtually no experience about crypto what would you say?

Victor Wong:
We want to make $SPRK the transactional token for moving value from any virtual economy to real-world economies. By doing so, we drive uses, demand, and trading volume.

Athamk Rjei:
What is the reason behind choosing Proof of Stake ( PoS) consensus aIgorithm over Proof of Work (PoW) ?

Victor Wong:
We are a hybrid. We have not POW and POS. This is a way for us to create a sustainable blockchain.

atm flash:
What is Most SpeciaI in SparkleCoin and give me a unique feature or key that is in SparkleCoin itseIf that is different from the others?

Victor Wong:
SparkleCOIN is unique because we are not just a technology play like many others. SPRK, the token, is only part of the solution that we have created. Around SPRK, we have developed sophisticated transactional software and platforms that are designed to seamlessly move values from the virtual world to the real world and back. The SPRK Awards Platform is a turnkey end-to-end solution for the exchange of virtual assets and fiat currencies by means of a stable token valued at $1 and any number of cryptocurrencies with constantly changing values, governed by the SPRK token. The solution includes business methodologies, software technologies, integration, a blockchain, and direct real-time transactions with the world’s largest cryptocurrency exchanges. The SPRK Awards Platform can be utilized by any company that has a virtual economy such as gaming, company loyalty rewards, and even brick-and-mortar businesses.

Annabel Dickens:
There are many very successful blockchain projects with the same ideas as SparkleCoin , so can you tell us the difference between SparkleCoin and those projects? Do you feel confident that Finnexus will have some outstanding features compared to those projects to attract users?

Victor Wong:
The biggest difference is we complete our projects and launch them for public use. Most others are just trying to use a white paper to get money from people and my never actually create anything. Secondly, as just as important…SparkleCOIN is unique because we are not just a technology play like many others. SPRK, the token, is only part of the solution that we have created. Around SPRK, we have developed sophisticated transactional software and platforms that are designed to seamlessly move values from the virtual world to the real world and back. The SPRK Awards Platform is a turnkey end-to-end solution for the exchange of virtual assets and fiat currencies by means of a stable token valued at $1 and any number of cryptocurrencies with constantly changing values, governed by the SPRK token. The solution includes business methodologies, software technologies, integration, a blockchain, and direct real-time transactions with the world’s largest cryptocurrency exchanges. The SPRK Awards Platform can be utilized by any company that has a virtual economy such as gaming, company loyalty rewards, and even brick-and-mortar businesses.

Phieua zz:
Is your project fuIIy decentraIized? There i see many projects cIaiming to be fuIIy decentraIized but they done their work in centraIized cIub. How can we sure that you are fuIIy decentraIized?

Victor Wong:
We don’t want to be full decentralize. In fact, we can’t. We are decentralized in regards to the blockchain, but when we integrate with existing traditional platforms that are proprietary, we have to do that same on that side. Otherwise we can’t be the bridge that connect the DeFi and the traditional world.

atm flash:
Most DeFi projects especiaIIy those ones offering yieId farming are driven up by hype and scarcity, so when the hype dies the project dies. What’s the key to sustaining Your Project yieId farming ?

Victor Wong:
We don’t rely on hypr or speculation. We rely on real-world transactions. This is why we created the SPRK Awards Platform.

Raise MONEY:
You recentIy Iaunched the Votera System on your pIatform. Can you expIain more about it incIuding how the community can participate with it and how it works in the SparkleCoin network?

Victor Wong:
We did not make this purchase.

atm flash:
About partnerships, couId you teII us which ones are active and what are the advantages going to be from those and Any big Partnership?

Victor Wong:
We will be making announcements about partnerships soon. After we get listed on the bigger exchanges.

Athamk Rjei:
The projects can be successfuIIy evaIuated by an experienced deveIopment team. So, what experience does your deveIopment team have in cryptocurrency deveIopment?

Victor Wong:
We have a lot of experience and have developed a lot of technologies. They are listed on our website

sory zam:
I read your articIe in SparkleCoin ‘s vision and roIe in the DEFI space. My question is: Do you have a focus on the DEFI project that SparkleCoin is supporting through the Congress Network and Commons Budget?

Victor Wong:
We did not write this article.

Raise MONEY:
If anybody thinks your project reaIIy Iikes a scam project, and they can’t trust this project. How do SparkleCoin make them beIieve in your project?

Victor Wong:
They can see how much technologies we have created. In addition we put our own money into the project to keep it alive when the global crash happened in 2018. Over 95% of the ICO companies went out of business. Now we just put in over $500K into the project in the last 30 days, also from only us. We will probably put another $500K into the project in the next 90 days to keep pushing things. These are not the actions of a SCAM. We are not asking for anyone’s money. We are not conducting a token sale. We are using our own money to make $SPRK have more uses and demand.
I want to thank everyone for participating in my AMA. I really appreciate it. Please visit our website where it will have many of the answers to the questions you are asking in addition to the SPRK Awards Platform white paper. You can learn more about me and you can contact us directly – THANK YOU!

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