Sparklo Crypto Price Prediction: Is Sparklo Legit?

Sparklo Presale Latest news

  • Sparklo’s presale is in its fourth stage, where 1 SPRK token is priced at $0.12 USD per token.
  • This stage of the presale will continue until either all tokens are sold out or until October 25th, 2023, whichever occurs first.
  • As of now, there is no additional information or update provided by the Sparklo team regarding the presale or the official launch of their project.

Sparklo Buy or Sell after Listing (New)

Net Buy Rating = Buy% – Sell%

  • August 28th: -13.0%
  • September 1st:+6.5%
  • September 5th: +11.3%
  • September 8th: +12.8%

Sparklo Crypto Price Prediction: Is Sparklo a Good Investment?

Sparklo is introducing the first blockchain investment trading platform that focuses on silver, gold, and platinum. Its goal is to make investing in these precious metals easier and more accessible by utilizing blockchain technology.

Sparklo aims to create a user-friendly platform that caters to retail investors, providing them with the benefits of traditional investing while leveraging the advantages of the blockchain.

What does Sparklo Offer?

  • By utilizing blockchain technology, Sparklo ensures transparency, immutability, and security of all transactions and asset movements.
  • Sparklo enables fractional ownership, allowing investors to own a portion of the metals they invest in. This lowers the entry barriers and provides access to a broader range of investors, who can participate in the metals market with smaller amounts of capital.
  • The blockchain-based platform creates a liquid market for buying and selling metals.
  • By eliminating intermediaries, Sparklo reduces transaction costs significantly. Automation of processes results in lower fees and commissions, leading to higher returns on investment for investors.
  • It also provides access to metals that may not be readily available in certain regions, expanding the options for investors.

What issues does Sparklo solve?

Sparklo aims to make metal investing more accessible and user-friendly by leveraging blockchain technology. The platform addresses the following issues:

  • Sparklo offers significantly lower fees compared to traditional metal investing platforms. This cost advantage encourages a higher volume of trading, allowing investors to save on fees and potentially increase their returns.
  • Its platform is designed to be accessible to anyone, regardless of their location. It enables people from around the world to participate in metal trading on a blockchain-integrated platform, expanding the global reach of metal investments.
  • By utilizing blockchain technology, Sparklo facilitates almost instant deposits and withdrawals. This eliminates the lengthy delays often experienced on traditional trading platforms, providing users with a more efficient and seamless trading experience.

Sparklo’s Tokenomics

  • The maximum supply of Sparklo tokens is set at 1,000,000,000.
  • 60% of the tokens, which amounts to 600,000,000 tokens, will be allocated for the presale phase.
  • 8% of the tokens, equal to 80,000,000 tokens, will be reserved for staking rewards.
  • 8% of the tokens, totaling 80,000,000 tokens, will be dedicated to marketing efforts.
  • 10% of the tokens, amounting to 100,000,000 tokens, will be allocated for securing listings on cryptocurrency exchanges.
  • 9% of the tokens, which is 90,000,000 tokens, will be allocated to the team members working on the development and growth of Sparklo.
  • 5% of the tokens, totaling 50,000,000 tokens, will be allocated to an advisory team that provides guidance and expertise to Sparklo.

Furthermore, BlockAudit has successfully conducted the KYC audit for Sparklo Finance on Ethereum. They have obtained the KYC details of one person involved in Sparklo Finance, ensuring safety and security.

Overall, Sparklo claims to be an investment platform that lets you invest in Gold, Silver, and Platinum in smaller fractions. However, given the limited information and lack of clarity on the purpose and utility of SPRK tokens, it is difficult to determine their potential value as an investment. The use cases and overall utility of the tokens have not been well-established, which adds to the uncertainty.

Is Sparklo Legit?

Interfi Audit

InterFi has conducted both automated and manual reviews of solidity codes to check for vulnerabilities and potential exploits. Audit results show no critical, major, or medium issues, with 2 minor ones still open and several acknowledged. Some notable privileges include adjusting buy and sell taxes, setting transaction limits, and determining swap thresholds

Reddit Discussion

The latest Reddit discussion revolves around the topic of Sparklo being labeled as a scam. One person asserts that Sparklo is a scam operation and provides pictures as evidence, noting that they have used the same server settings as Flasko. Other users join the conversation, expressing agreement with the notion that Sparklo is a scam and urging others to spread the word to prevent further damage.

One user mentions that Sparkster, a related company, has a $35 million judgment against them from the previous year, implying a history of fraudulent activities.

Based on the discussion, it appears that there are multiple individuals asserting that Sparklo is a scam, referencing similar server settings with Flasko and a judgment against Sparkster.

In another discussion, some users express caution and recommend conducting thorough research before investing in the project. They mention experiences with the Sparklo Telegram group, where legitimate questions are allegedly deleted and accusations of spreading FUD (Fear, Uncertainty, and Doubt) are made.

The mention of other projects like Degrain and Flasko raises suspicions of potential similarities or connections. Additionally, a shared message from the BVI Financial Services Commission highlights that the entity behind Sparklo is not registered or licensed by the commission for financial services business.

Overall, while the discussion raises doubts about Sparklo Finance, it is important to conduct thorough diligence before making any investments.

Also Read: Pepe Price Prediction

Decred Crypto Price Prediction 2023

Sparklo Crypto Price Prediction: Sparklo’s Roadmap

  • Stage 1:
    • Creation of the SPRK smart contract
    • Designing and developing the project’s website
    • Conducting a smart contract audit for security purposes
    • Researching and gathering relevant data
    • Initiating marketing efforts
    • Launching the sparkle presale phase to allow early investors to participate.
  • Stage 02:
    • Verifying the identity of the founder through KYC (Know Your Customer) procedures
    • Locking up team tokens to ensure proper distribution and allocation
    • Securing liquidity and listing the project on the Uniswap platform
    • Applying for listing on popular cryptocurrency tracking platforms like CoinGecko and CoinMarketCap
    • Creating and auditing a smart contract for staking
    • Releasing a staking app for users to participate in staking activities
    • Continuing marketing efforts to promote the platform.
  • Stage 03:
    • Establishing partnerships with relevant entities
    • Introducing the beta version of the platform for user testing
    • Applying for listing on a centralized exchange (CEX)
    • Hosting a special event to burn a portion of the tokens
    • Renouncing ownership to ensure the project’s decentralization and independence.

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Sparklo Crypto Price Prediction: How to Buy Sparklo (SPRK) Tokens?

During the pre-sale period, Sparklo tokens can only be purchased through the official website of Sparklo.

SPRK tokens can be purchased using various cryptocurrencies including BTC, ETH, SHIB, USDT, BNB, TRON, LTC, DOGE, and more.

~Charu Taneja

Note: The information available on pre-sale cryptocurrencies is often limited, and the above analysis is conducted using the available information gathered at the time. Therefore, it is crucial to exercise caution and be mindful of the potential risks involved.

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