What is the Sparkster ICO?

Sparkster is a project aiming to enable anyone to develop software without actually needing to engage software developers or knowing how to write code by using drag and drop interfaces containing "blocks of logic" written in plain English. The interfaces are built in HTML5 and are desktop and mobile compatible. The applications created with the interface will then be run on Sparkster Decentralized Cloud which is a blockchain network capable of handling 10 million transactions per second. The Sparkster Marketplace is a peer-to-peer facilitating the monetization and sale of user creations.

How does Sparkster work?

The network boasts a "decentralized execution of smart software," described as a new approach to smart contracts allowing for applications to operate throughout the decentralized cloud network hosted on cell phones, laptops, desktops, and other personal devices. Users can contribute excess processing capacity from their devices to facilitate the network and become a miner operating a node to be rewarded in the native cryptocurrency which is called SPARK. The project views this as a price-efficient solution to cloud storage that does not require server farms with expensive equipment, cutting out the middleman and allowing users to earn rewards for facilitating cloud storage and disrupt the US$246 billion cloud computing industry. Users will be able to set the price for the use of their own device themselves, creating a competitive micro-economy. The software written is blockchain agnostic and can function on a variety of blockchains such as Ethereum and IOTA. The SPARK token is aimed to facilitate trade between marketplace users who can publish and monetize software with the token. Miners will be rewarded in SPARK and will also use the tokens for staking, and contract execution is bought with the tokens as well.

Why is Sparkster unique?

Sparkster’s proposal to enable anyone to create custom software is a novel one, and the platform will allow people to monetize and sell their software on a peer-to-peer marketplace, something which is currently not available to mainstream userbases. The project stands to disrupt the US$246 billion cloud computing industry if successful by enabling a network of users to create both a cloud storage platform and the content being stored, sold, and distributed on that platform.

Who makes up the team behind Carry Protocol?

Sajjad Daya is the Founder and CEO with 15 years of experience building and leading multi-million dollar companies. Daya was the CEO of Printerpix and CIO of Synchronised Communications.

Amit Kumar is the VP and Technology Lead at Sparkster with 20+ years of experience in leadership roles in Application and Database Management companies. He was Sr. Development Manager at Syncoms India and Sr. Database Manager at Wipro Ltd.

Shabeer Kirmani is VP and was Pharmaceutical and Life Sciences Technology Manager at Accenture and Engineering Manager at AT&T.

Dayanie Rajeev is VP and Human Resources Lead and was HR Manager at Syncoms India and IBM and Manager at Accenture.

More details about the Sparkster ICO

The Carry Protocol token sale starts on 07 July 2018 at 9am BST and ends on 09 July 2018 with the whitelist available here. There are 290 million tokens in circulation and 67% will be sold in the ICO. The tokens are called SPARK and are ERC-20 compliant. Each token will be sold for US$0.15. The hard cap is US$20 million and there is no soft cap. Users will donate Ethereum via Ethereum wallets.

Token distribution:

  • 67% for ICO

  • 20% for early investors

  • 10% team

  • 2% exchange listing liquidity

  • 1% Sparkster’s Dreamers Charity

Projected use of contributions:

  • 25% Corporate and large account sales team

  • 20% R&D

  • 10% global customer success team

  • 10% expanding infrastructure

  • 5% reserve for unforseen circumstances

  • 3% accounting and legal fees for launch

  • 2% General admin expenses

SPARK tokens will be distributed 2 weeks after the sale closes and unsold tokens will not be burned.