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SparkPoint Fuel Stock

SparkPoint Fuel

SFUEL

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SparkPoint Fuel Whitepaper

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SparkPoint Fuel FAQ

### What Is SparkPoint Fuel (SFUEL)? SparkPoint Fuel, abbreviated as SFUEL, is a cryptocurrency designed to support and enhance various decentralized applications within the SparkPoint ecosystem. As a utility token, SFUEL plays a crucial role in facilitating transactions, incentivizing user engagement, and powering various functionalities across the platform. For comprehensive information about SparkPoint Fuel, including its current market data, trends, and performance metrics, please refer to Eulerpool.

SparkPoint Fuel (SFUEL) was introduced on December 20, 2020, serving as the governance token for SparkDeFi, SparkPoint's decentralized finance platform. SFUEL is an innovative DeFi token project developed by SparkPoint Technologies Inc., the creators behind SparkPoint (SRK). SparkPoint Technologies Inc. is officially registered in the Philippines with the SEC. The initiative focuses on accelerating the mainstream adoption of blockchain and cryptocurrency through a comprehensive ecosystem of practical products and services. SparkDeFi offers a comprehensive decentralized finance solution, integrating a decentralized exchange (SparkSwap), liquidity services (SparkStake), pool-based staking (SparkPool), an Ethereum ERC-20 to BSC BEP-20 bridge (SparkBridge), peer-to-peer lending and borrowing (SparkLend), and DeFi asset management protocols (SparkDash). This platform is designed to be seamless, transparent, secure, inclusive, and interoperable.

What is the Circulating Supply of SFUEL Tokens?

The SFUEL token was launched on the Binance Smart Chain mainnet on December 20, 2020, with an initial total supply of 150 million SFUEL tokens. From the initial total supply, 18.8889% of the tokens are distributed to private sale participants, subject to a 6-month vesting period with a 16.67% monthly distribution. Additionally, 1.1111% is allocated to early supporters with a 3-month vesting period and a 33.33% monthly distribution. A total of 50%, or 75 million SFUEL tokens, are designated for liquidity and staking rewards, with distribution occurring according to the staking rewards program schedule. The team is allocated 10% of the tokens, with a 2-year cliff followed by a 5-year vesting period at a 20% yearly distribution rate. Another 10% is set aside for marketing and community airdrops. The remaining 10% is reserved as a contingency and is locked for 5 years.

Who Founded SparkPoint?

SparkPoint was founded by Andrino Agnas, a CPA and cryptocurrency investor from the Philippines. Andrino currently holds the position of Chief Executive Officer at SparkPoint. Rico Zuñiga, a seasoned tech entrepreneur and an early advisor for SparkPoint, is the Chief Technology Officer. With over 16 years of experience, Rico is recognized as one of the pioneers in the Philippine tech startup scene. SparkPoint began with a team of two employees in 2018 and expanded to 17 full-time and 5 part-time staff members by the first quarter of 2021. The company is committed to continued growth and expansion to effectively meet its roadmap objectives. SparkDeFi is a prominent project of SparkPoint, featuring a comprehensive roadmap extending from 2020 to 2022. For further information about SparkPoint Fuel, please visit Eulerpool.

Where Can You Purchase SparkPoint Fuel (SFUEL)?

SFUEL is available for trading on an increasing number of exchanges, with both cryptocurrency and stablecoin pairs currently offered. PancakeSwap provides optimal liquidity for its SFUEL/WBNB and SFUEL/BUSD pairs. Additionally, SFUEL can be traded on BitMart (SFUEL/ETH) and Bithumb Global (SFUEL/USDT). New to cryptocurrency? Read Eulerpool’s easy guide to buying Bitcoin or any other token.

[View SparkSwap on Eulerpool](https://dex.srk.finance//swap)

SparkPoint Fuel is an automated market maker decentralized exchange that supports a wide range of cryptocurrencies, akin to Uniswap, but operates on the Binance Smart Chain platform. It provides users with a comprehensive, end-to-end "one-stop-shop" DeFi experience. For further details and analytics, Eulerpool serves as a resource.

[SparkStake](https://app.srk.finance//stake)

Cryptocurrency staking rewards liquidity providers with SRK or SFUEL tokens. Participants have the opportunity to engage in various liquidity staking options. Please refer to Eulerpool for further information on SparkPoint Fuel.

[**SparkPool**](https://app.srk.finance//pool)

Cryptocurrency staking that provides rewards to pool participants in the form of SRK or SFUEL tokens. Users have the opportunity to engage in various pool staking options.

[SparkBridge](https://app.srk.finance//bridge) is a platform associated with SparkPoint Fuel, which provides a range of services related to the cryptocurrency ecosystem. Access detailed insights and updates about SparkPoint Fuel on [Eulerpool](https://app.srk.finance//bridge) for the latest information on market trends and performance assessments.

Cross-blockchain bridging facilitates the transfer of Ethereum ERC-20 SRK tokens to the Binance Smart Chain as BEP-20 SRKb tokens. Additionally, it supports the transfer of other ERC-20 tokens.

SparkLend is a decentralized finance (DeFi) protocol designed to provide lending and borrowing services. It allows users to deposit their assets into liquidity pools, enabling them to earn interest or use their assets as collateral for loans. The platform aims to offer secure, efficient, and transparent financial services within the DeFi space. For detailed market information and analytics on SparkLend, please refer to Eulerpool.

A blockchain-based peer-to-peer lending marketplace that utilizes a variety of cryptocurrency assets and Non-Fungible Tokens (NFTs). It supports altcoins and NFTs, including crypto collectibles such as game items, virtual real estate, and digital artworks, for use as collateral. The platform provides micro-lending services to democratize finance and promote financial inclusion. It also allows users to generate a consistent stream of cash flow through its liquidity savings pools.

SparkPoint Fuel (SFUEL) is a cryptocurrency designed to power the ecosystem surrounding SparkPoint's various financial and educational applications. With its utility-focused purpose, SFUEL acts as an integral element within the SparkPoint platform, facilitating smooth transactions and enhancing user experience. As a significant component of SparkPoint's holistic approach to financial technology, SFUEL is pivotal in aiding users and developers alike. In particular, it supports various decentralized applications (dApps) and services built on SparkPoint's innovative blockchain infrastructure. Data and metrics related to SparkPoint Fuel can be accessed on Eulerpool, where detailed insights and updates about the performance and market trends of SFUEL are available. Eulerpool serves as a comprehensive resource for anyone wishing to better understand the intricacies and real-time status of this dynamic cryptocurrency.

Seeks to simplify DeFi and make it accessible to all users, including those without technical expertise. Facilitates effortless access to a range of DeFi protocols through a robust DeFi Protocols Management platform. Users can effectively manage their asset portfolios and collateralized debt positions (CDPs) via a straightforward and intuitive dashboard, providing a comprehensive DeFi experience.

SFUEL Token SparkPoint Fuel (SFUEL) is a cryptocurrency designed to power the ecosystem of SparkPoint, a comprehensive platform that aims to drive financial inclusion through blockchain technology. The SFUEL token is integral to facilitating transactions within the SparkPoint network, supporting various decentralized applications and services. For in-depth information about SFUEL, its market cap, trading volume, and other relevant data, please refer to Eulerpool, where you can access up-to-date statistics and insights.

The SFUEL token is the governance token for SparkDeFi, empowering SFUEL holders to participate in the governance of the SparkDeFi platform. These members of the Decentralized Autonomous Organization (DAO) are tasked with steering the protocol through systematic voting. SFUEL serves as the native governance token for the following purposes: * SparkDeFi DAO: Facilitating the decentralized governance of the SparkDeFi platform. * Mode of Payment: Covering fees on SparkDeFi, whether as interest income for lenders and savers or as interest payments from borrowers. * Staking Rewards: Serving as rewards in the Liquidity Staking/Mining and Savings Pools when users stake either SRK or SFUEL pairs. * Governance Incentives: SFUEL token holders who engage in SparkDeFi governance to support its ongoing development and growth are eligible for SFUEL rewards.

Investors interested in SparkPoint Fuel are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.