Sparkster ICO Review

Sparkster

Bring your ideas to reality!

Sparkster Score



Sparkster is empowering you to bring your ideas to reality by enabling you to build software without writing code, and then run that software on the Sparkster Decentralized Cloud, a specialized blockchain that can support more than 10 Million TPS. Decentralized Clouds are the future due to rising costs such as physical servers, backup power, maintenance, physical security, cooling, etc.

LINKS

WEBSITE WHITEPAPERS

SOCIAL MEDIA

REVIEW VIDEO

review video

TOKEN SALES

METRICS

Green lights

– 67% of Tokens allocated for ICO. – Good exposure from key influencer Ian Balina. – Short Roadmap – Will integrate other networks like NEO, Stella, Cardano to facilitate payment transactions in 2019. – The team has a good relationship with the community, providing regular updates.

red flags

– Only 4 members of the team visible on the website. Small team for a big project. – 30% of tokens allocated for team & advisors. (doesn’t leave much for other resources, ie. exchange listing) – Many Cloud based ICO’s as competitors. – MVP – Public platform not out until after ICO, Q4 2018.

Sparkster
DETAILED ANALYSIS

ICOs Found

ADVISOR SCORE

Unknown

Medium – Juan Albelo is most notable works at SAP – Head of HCM Line of Business Software Sales.

TEAM SCORE

Unknown

Medium – High – Most members are experienced in their field, but only 4 members visible on the website. All have worked in top companies ie. Cisco, IBM, Citi Bank etc. but held mainly low level roles.

HYPE SCORE

Unknown

High – Due to Ian Balina being bullish on Sparkster the community are very much keen on this ICO.

TOKEN SCORE

Unknown

Medium – High Hard Cap of $30 million. – 67% of Tokens allocated for ICO which is good, but on the other hand 30% allocated for team & advisors. No a lot left for exchange listing etc.

CONCLUSION

Sparkster is trying to solve a real issue with regards to Cloud storage. Traditional cloud providers such as Amazon, Microsoft, and Google will find it difficult to compete with the advent of decentralized Cloud computing. Executing small software components on mobile devices has comparatively near zero costs, and hence as more of these miners join the Sparkster decentralized cloud, the cheaper it becomes. The future of Cloud computing is certainly decentralized, and Sparkster is aiming to build the world’s fastest decentralized cloud, able to execute tens of millions of transactions per second. It also has good backing from Ian Balina which in it is a good thing no matter what you feel about him personally. The CEO is also a regular participant on their telegram channel, addressing community queries on a weekly basis with a video AMA. If Sparkster can stick to the roadmap and manages to attract big clients that rely on cloud storage, Sparkster has a big chance of being successful. ICO took place in July 2018. The final unlocking date is yet to be determined, however, the team states that they already have secured a couple of exchanges to launch their token. Another positive aspect, relates to the fact that the CEO has been actively engaged with the community by hosting a weekly AMA where he answers not only questions directly relating to Sparkster, but also takes the opportunity to address topics related to the current crypto landscape and also about the cloud computing industry, focusing on how Sparkster has the potential to disrupt the current status quo set by the above-mentioned market leaders (Amazon, Microsoft etc). Overall, we have a very positive view of Sparkster. We believe it has a good leadership and backing from high-profile crypto influencer that should be able to assist the project on finding the right path. In our opinion, Sparkster has the potential to perform well once it hits the exchanges if the team is able to keep the engagement of the community during this period of adverse market conditions.

7

ADVISOR

4.8

TEAM

6

HYPE

4.5

TOKEN

platform

CATEGORY

All information including our "Grading system" rating, is provided merely for informational purposes. ICO DOG does not provide investment advice (read more).

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