SparkleCOIN is a diamond-backed cryptocurrency that has taken the whole world by storm. It is a hybrid cryptocurrency with the best qualities of both Proof of Stake (POS) and Proof of Work (POW) policies.
The company behind this latest cryptocurrency is known as SparkleCoin, Inc., a cryptocurrency company founded by Victor Wong in 2015. Mr. Wong, who works as the company’s President and Chief Executive Officer, has several years of experience in business, specializing mainly in disruptive technologies. The company says that it will ensure quick adoption of the Sparkle Coin through mining and long-term sustainability via minting.
SparkleCOIN Initial Coin Offering Ongoing
As stated earlier, the SparkleCOIN ICO is still on until October 20th. A single coin is sold at $5. The company says that interested parties, either individuals or companies, should set up their accounts in advance at the SparkleCoin website. A pre-funding account will allow them to purchase this cryptocurrency as soon as it is available.
How Does SparkleCoin Work?
After its initial offering, SparkleCoin will be sold or traded for fiat currencies to provide quick cash for the holders. Through VCoinMall.com, those with Sparkle Coins can use the cryptocurrency to purchase products from some of the largest online stores. Those with Sparkle Coins can also use it to purchase goods or services from potential online merchants who accept cryptocurrencies without the use of the cryptocurrency itself or VCoin Exchange’s payment gateway software.
How The Company Is Carrying Out SparkleCoin ICO
The company allows those who are interested in buying Sparkle Coin to do so by visiting its official website. Once you are on the official website, you can easily purchase as many coins as you want through the shopping site.
Price And Issuance
In the shopping site, 80 blocks of Sparkle Coins are displayed for purchase. Each of these blocks contains an inventory of 50,000 coins. Each coin in the 1st block is priced at $5. Each coin from the 2nd up to 79th blocks will be sold at $7. All the coins in the last block will be sold at $163.00 each. Many people are curious about the reason for this variation of prices. In fact, the company really wants the demand and supply to determine the price of the coins at the end of the day.
The company says that only those who have pre-registered and funded their account can purchase the coins. Once the payment has been made, the coins will be sent to your wallet immediately. So basically, a dedicated wallet and address are required to receive the coins. You can download the Wallet on the Sparkle Coins website.
If you are a guest buyer, you will receive a Sparkle Coin order communication through email confirming that your order has been placed. Once your order is confirmed, the company will send your coins to your wallet address within 24 hours.
Risks And Downsides
The company declares it does not guarantee any party the ability or right to purchase sparkle during the initial offering period. Issuance is strictly based on a first come first served basis.
Demand for the lowest priced coins is very high. You are hit by a sold out message whenever you try to complete the purchase. This makes it difficult to purchase them.
New risks continue to emerge in the cryptocurrency and blockchain spaces due to the rapidly changing environment. It is important to remember that you are not guaranteed profits if you are planning to resell or trade the coins.
Buying and virtual holding SparkleCoins involves a degree of risk including legal risk, technological challenges, cyber security, and much more.
The volatility of cryptocurrency prices could lead to a rapid decline in the value of the Sparkle Coins at any time.
Buying Sparkle Coins for whatever reason can be a lucrative venture. However, you should consider carefully the uncertainties and risks we have mentioned above before making a decision.