If you have read some of my previous blogs about cryptocurrency you know that I have a thing for utility coins and exchanges with their own cryptocurrency.
To be honest we need some more premium exchanges, exchanges that support the newer coins and that offer good service. Not to bash some of the current exchanges but a lot of the current exchanges leave a lot to be desired.
But it is not all bad, Binance and Kucoin are popular new exchanges that support a lot of new cryptocurrency coins and on top of that offer great service.
Both exchanges have their own crypto coin that give discount on transaction fees and Kucoin even lets you share in the profits.
So when I heard about a new exchange with its own coin, of course I got excited. Even more so when I had finished my research on this new and exciting exchange.
CoinSpark is a new Exchange that has its own cryptocurrency called Spark. However there are some things that make CoinSpark stand out from the crowd.
Own part of the Exchange
The most important thing about CoinSpark is that 25% of the exchange will be sold to the general public via the ICO. What this means is that by holding the Spark token you will be part owner of the Exchange.
Ownership will entitle you to quarterly dividends, token holders will receive 25% of the quarterly net profits. In total 25,000,000 tokens will be issued which means that if you own 1% of the tokens (2.5 million Spark) you will receive 1% of the quarterly dividend that will be distributed among the token holders.
So if you ever wanted to own part of an exchange, here is your chance.
The Starting Line Up
CoinSpark will support the following coins at launch (June 2018): Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), Dash (DASH), Iota (IOTA), Monero (XMR), NEO (NEO), Cardano (ADA), NEM (XEM), Tron (TRX), Bitcoin Gold (BTG), and Spark (SPARK) of course.
This line-up shows that CoinSpark knows their business, besides the older popular coins they also support some of the more recent up-and-comers.
Fiat integration
It is always a pain to first buy some BTC or Ethereum on one exchange then transfer those coins to another exchange. CoinSpark will only support cryptocurrency at first but will launch with banking, settlement, and payments rails, for over 200+ national currencies. In time they will make it possible to deposit and withdraw fiat currency.
As you ordered
Things can get heated fast when you are trading on an exchange, so you want things to go as smoothly as possible when you are busy buying and selling. The CoinSpark exchange will support 1 million transactions per second. I think this will be more than enough to keep things nice and smooth.
On top of that CoinSpark will offer 20+ advanced order types, including: Market, Limit, Iceberg, Post Only, OCO, and Trailing Orders. Talk about some nice options to do some serious trading.
The Value
Besides the quarterly dividend there is also another way to earn with Spark. The value of the token is tied to the profit of CoinSpark itself. This makes Spark coin’s growth in value measurable and predictable. In other words if the exchange makes profits then the value of the coin goes up (and so do your quarterly dividend payouts).
First off, I love the idea of being part owner of an exchange. There is a big demand for good exchanges and CoinSpark is making the right moves up until now. The quarterly dividend payout is a great way to receive some passive income, the best thing about this is that the only thing you have to do to receive your part of the profits is to hold the tokens. The timing is also in CoinSparks' favor, it is evident that a lot of people are looking for alternatives for the current available exchanges.
The 24h trading volume on Binance is around $1.5 Billion, if CoinSpark follows the same strategy as Binance and allows trading of new and popular coins on their exchange (which their starting line-up of coins suggest) there is no reason why they can not achieve the same trading volumes.
CoinSpark is serious about their ICO and I also like the fact that they skipped the Pre-ICO, this is an clear indication that they already have some cash and funding ready for launching this project.
The ICO details:
Total amount of Spark available for Public Sale: 25,000,000
Token Price: 0.0025 ETH
The ICO will start at 8:00 A.M. UTC on February 14, 2018 and will and end at 8:00 A.M. on March 14, 2018.
Disclaimer: This is not financial advice and based solely on my personal opinion. Remember to always do your own research before investing
Read more about: CoinSpark |
These are posts by @tspink in the #xervanteschallenge. Go give my man some support in his efforts!
