Sparkle Coin AMA Recap With Neng Yuni Forum

11 min readFeb 5, 2021

Dear Community, Welcome to the recap of our AMA with Sparkle Coin.

Our vibrant and enthusiastic community had a lot question to ask. To those who want to know quickly what Sparkle Coin is about, we are sure this recap gonna help you. So without further, continue reading.

Speaker : Victor Wong — Founder of Sparkle Coin

First Session Project Introduction

Before we start our first session can you introduce yourself to the our community?

Mr. Victor: Sure. 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, which is about to make some large announcements as it is being rebooted into the new Cryptocurrency Era. Our goal has always been to help cryptocurrencies be used in daily transactions.

Q1. What is Sparkle Coin? And how is the story behind the Sparkle Coin Network Creation?

Mr. Victor: SparkleCOIN is unique because we are not just a blockchain technology company 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.

Q2. What is so exciting about Sparkle Coin, which might make Sparkle Coin different from all other projects out there?

Mr. Victor: We were able to resolve the biggest issues with using cryptocurrencies for daily transactions that has to do with the volatile prices and the fact that cryptocurrencies are too slow because of the confirmation times. 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.

Q3. Please provide some information about your Roadmap, How Sparkle Coin is progressing so far? And what Sparkle Coin is currently focused on?

Mr. Victor: Our plans for 2021 is to develop the SPRK Awards Platform, roll it out for commercial use with our first company with normal annual revenues of $140M, get listed on many bigger exchanges, increase the number of companies using the SPRK Awards Platform, and increase the demand and use of the $SPRK token.

Q4. Please tell us more about $SPRK token! What utilities does the token have, and what benefits will tokens holders get?

Mr. Victor: Our first client partner for the new SPRK Awards Platform is a music download company with normal revenues in excess of $140M annually ($36M last year during Covid-19). They will be using $SPRK in their transactions for their sweepstakes, which amounts to approximately 2/3rds of their annual revenue and will directly drive demand for $SPRK on the third-party cryptocurrency exchanges by placing buy orders for $SPRK. There will be a ramp-up to this amount as they will be transitioning a number of locations and customers over time.

Q5. What are some achievement that Sparkle Coin has achieved so far? And what are Sparkle Coin’s upcoming plans, Especially in 2021?

Mr. Victor: 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. Some of the technologies we have developed include:

Trade Execution Engine

High performance trade execution engine that supports pluggable matching algorithms. Out of the box, the engine supports FIFO, Pro Rated and hybrid FIFO + Pro Rated algorithms.

Crypto Payment Gateway

Payment gateway that allows merchants to accept Bitcoin, Ether and SparkleCOIN. Compatible with

online shopping carts including Shopify, WooCommerce, and others.

Crypto Payment System

Payment gateway system that allows any merchant to accept cryptocurrencies via online POS as a standalone terminal.

Crypto to Fiat Conversion

Automated system that can communicate directly with multiple cryptocurrency exchanges to trade between cryptocurrencies and fiat currencies in real-time, locking in exchange rates across the transaction.

Token Generation

The platform enables issuance of custom coins/tokens based on SparkleCOIN Blockchain.

Product Aggregation Engine

An advanced, configurable product aggregator which fetches products from Amazon, Walmart, and other ecommerce providers and makes them available in ecommerce platforms such as Shopify and WooCommerce

Automated Order Processing

Backend order management for integration with Amazon and Walmart order placement and tracking. Automates the ordering process with autofill, submission, and tracking via a web browser interface.

Secure File Share Platform

The platform enables sharing of files securely among participants. All files are encrypted at rest and security of keys and proof of timeline security is provided by SparkleCOIN blockchain

Moving forward we will continue to onboard more companies into the SPRK Awards Platform to directly drive demand for $SPRK and to rapidly increase the number of users of $SPRK as each of these companies have large user basis that will be converted to $SPRK holders and traders.

Second Session “Twitter Question”

Q1. You have 5 wallet connection now which is more than many other initiatives. How many will you add more in near future?

Mr. Victor: We will add more as our user base grows.

Q2. Can you explain about KairoLabs? And why did you choose KairoLabs to help SparkleCOIN list the SPRK tokens on the new exchange?

Mr. Victor: Kairon labs is one of the best market makers in the cryptocurrency industry. The are the ones that creates organic trading demand and orderly trading on exchanges. A good market maker is a requirement by most larger cryptocurrency exchanges. Because we are about to be listed on some very large one, we had to hire Kairon Labs to help us.

Q3. What are the benefits for Sparkle Coin of your recently announced collaboration with Kairon Labs? How will this help you with respect to liquidity on your platform and price fluctuations in the market?

Mr. Victor: Kairon unlocks the following short and long term benefits:

(1) Increased organic volume

(2) Mitigating heavy price fluctuations

(3) Price appreciation by reducing the liquidity risk for traders and speculators

(4) Deeper liquidity across your exchanges

(5) Better exchange listings

Q4. The $SPRK token is listed on the SouthXchange exchange with low trading volumes. How do you plan to increase demand for token and listing on major exchanges?

Mr. Victor: Just by having $SPRK will automatically on larger exchanges will increase demand and volume. We have been told by people they don’t want to use SouthXchange because it’s too small so listing on larger exchanges will allow more people access to it. We are also doing a lot of marketing and community building that will help with demand. When $SPRK is listed on the larger exchanges, we will also run marketing programs and specials for staking with the exchanges to create demand. Finally, the companies that will be using the $SPRK Awards Platform that is connected to the exchanges will be placing buy orders in the exchanges for $SPRK that will directly drive demand. The first company had revenues of $140M annually before COVID-19, $36M during COVID-19. 2/3rd of that revenue are given away in sweepstakes prizes. This is the amount that will be purchased as $SPRK.

Q5. For project development, the main priority is to have sufficient funds. Is your team financially able to carry out this project? Do you have sufficient funds for development?And how is $SPRK project profitable?

Mr. Victor: We have finished every project we have ever announced. We have also self-financed the development of these projects ourselves. The recent development, paying for exchange listing fees, and hiring consultants have been $500K in the last few weeks, which we also self-funded. This is why we can do so much and other companies can’t, because we can self-fund and not have to wait on trying to get a white paper to get people to invest and pay for the development, which in most cases, never happens.

Our company generates revenues from developing products and services for other companies. The SPRK Awards Platform will be used by very large volume companies that we will charge a small transaction fee, but because the volumes are so large, the fees will add up to be a lot.

The Third Session “Live Question”

Q1. Do you have any Coin Burn / BuyBack systems or any $Token Burn plans to increase the value of Token & attract Investors to invest?

Mr. Victor: Because we want to use $SPRK as a transaction token for everyday transactions, we think the use demand is going to be very large. Because our goal is to increase uses and demand, we don’t think we will ever need to burn tokens. In fact, in the future, there may not be enough tokens and the price per token will be very high, similar to BTC but based on transactions and not mainly on speculation. Projects that cannot generate real uses and transactions will burn tokens to make holder think they have a valuable asset, usually as a marketing strategy for short term gains like a pump and dump. We are not interested in being a pump and dump, because that destroys the token and the company and we are here to do real business using our technologies and company for the long term.

Q2. We’re concerned about 2 things — Marketing and Rugpull. What are your marketing plans? How can you guarantee us no rug-pull?

Mr. Victor: We have invested our own money for development of a lot of technologies and products since 2016. It’s been millions of dollars. In the last few weeks we put in another $500K to pay for the SPRK Awards Platform development, listing fees on exchanges, hiring the best consultants, etc. So as you can see, we are here to build a business and we have already built a great one, so there is no rug pull that’s going to happen. As for marketing, we are putting a lot of resources into that too. We just hire SK Chain, who is one of the best marketing companies out there and they have dramatically increase our community and the news about our company. We are dedicated to changing the world by making the use of cryptocurrencies in daily transactions and blockchains as an acceptable platform for traditional companies.

Q3. The future of all cryptocurrency-based project depends of the importance that receive the native token ( in your case the $SPRK, so what are your strategies to create a good “environment” or demand to the $SPRK? The SPRK Awards Platform will help on that?

Mr. Victor: Our strategy is the have may large companies with millions of dollars in transactions and thousands of customers use the SPRK Awards Platform that is powered by our $SPRK token. It will be one of the only times when real transactions are driving demand for a token and not just speculation. By doing this, traditional investment companies and trader can then see a directly relationship from transaction volume to the demand and price of the token. Then they can treat trading $SPRK more like trading stocks. This is the quickest way to grow the uses and demand for $SPRK.

Q4. Where can I buy Sparkle Coin and what will its initial price be? Will there be several rounds of sales of this token? Also, are there plans to list it on UNISWAP and later in some CEX or DEX?

Mr. Victor: You can purchase $SPRK at http://www.SouthXchange.com now. The price was less than $0.20 about 2 weeks ago, but is now trading at around $1.20, so it has already gone up a lot from release of the SPRK Awards Platform white paper and the AMA sessions. We think also because people know right now SouthXchange is very small. Maybe only $150K total daily trading volume for the entire exchange and when we go to the bigger exchange with almost $1B in daily trading volume, the demand for $SPRK will also go up a lot. We have plans to be listed on more exchange also in the near future. The listing fees and contracts have already been signed, so there will be a large growth from new exchange listing very soon.

Q5. Smart contracts are prone to bugs, How efficient and secure is your smart contract. Have you ever been audited through external parties, so we are sure that this project is safe and good for the future of investors?

Mr. Victor: Our blockchain is a Mainnet so we don’t use smart contracts that can be hacked.

Alright, those are the 5 select question

Thanks to Mr. @TheVictorWong who gave us the time to share this knowledge, I hope we will understand more about Sparkle Coin.

Well…

We declare AMA’s Series Neng Yuni with Sparkle Coin, is Done. 🥳🥳🥳🥳

Thank you to the participants who have attended this event to the end.

The winners will be announced soon🥳🥳🥳

Telegram: https://t.me/SparkleCoin

Channel: https://t.me/SparkleCOINannouncements

Twitter: https://twitter.com/sparklecoin

Website: https://www.sparklecoin.com/

Facebook: https://www.facebook.com/SparkleCoin/