Sparkster

Summary

Pre-sale: June, 250 million Tokens offered

Public sale: 38 million Tokens

Whitelist: yes + KYC

Hard Cap: 30 000 000 USD

Total supply: 435 000 000

Token allocation: 67%

Token base price: 1 SPARK = 0.15 USD

Accepted currency: ETH

Underlying platform: Ethereum

 

Pros

  • Professionally skilled team with interesting advisors
  • Allowing creation of simple dApps/smart contracts and other software applications even for non-programmers
  • Working MVP
  • Aim to achieve 10 mil.+ TPS through sharding without sharing the global state of the network
  • Reasonable token metrics compared to some other projects

 

Cons

  • Claim that their platform can build a totally bug-free software
  • Decreased security of the individual data due to sharding without sharing the global state

 

80%

 

Team: 4/5

Project: 4/5

Token use case: 4/5

Token Metrics: 3/4

Roadmap: 2/3

Community and marketing: 4/5

Hype: 3/3

 

Description

The Sparkster Decentralized Cloud facilitates the ‘decentralized execution of Smart Software’, an evolution on Smart Contracts, across a network of cell phones, notebooks, laptops or other personal devices held by our network of miners.

These miners are rewarded in SPARK tokens for contributing spare capacity on their personal devices to the Sparkster Decentralized Cloud.

The team envisions a future in which decentralized networks can be far cheaper than traditional cloud computing from the likes of Amazon®, Microsoft®, Google® and IBM®. Given that cloud providers pay for: rack space, cooling, dedicated hardware, networking infrastructure, backup power, and support personnel; personal devices have near zero marginal cost per operation relative to cloud providers.

 

Team

Sajjad Daya – CEO

  • SVP Enterprise Technology at Syncoms USA – 3 years and 4 months – Syncoms is a global software development company, specifically focused on E-commerce webstore technology and SaaS ERP
  • Technical Support Engineer at Cisco –  2,5 years
  • CEO at Printerpix.com – 2 years and 3 months
  • CIO at Synchronized Communications (Syncoms) – 10 years

https://www.linkedin.com/in/sajjad-daya-b919015/

 

Amit Kumar – VP, Technology

  • Sr. Development Manager at Syncoms India – 7 years and 3 months
  • Sr. Database Manager at Wipro Ltd. India – almost 5 years – Wipro is a leading provider of IT services in India and Middle East region. Part of Wipro Ltd, the $6.98 billion conglomerate and global leader in technology-enabled solutions,
  • Sr. Project Manager at Ankh Software – 3 years and 2 months – He was managing the team and building an ERP Software for a Manufacturing business with end-2-end solutions.

https://www.linkedin.com/in/akdutt/

 

Shabeer Kirmani – VP, Evangelism

  • Director, Data Science at United States Department of Defense – 4 years and 3 months – Conducted a formal research and apply evaluation standards, descriptive statistics, and data management principles to translate complex data into meaningful content and present findings using verbal, written, and graphic communication, for Top Tier US Federal Governmental Institutions.
  • Pharmaceutical & Life Sciences Technology Manager at Accenture – 2 years and 10 months – Consulted for the Top Global Pharmaceutical & Life Sciences firms directly, including firms such as Pfizer and Fortune 50 Consumer Products Companies.
  • Engineering Manager, RF (LTE) at AT&T – 2 years and 3 months – Involved in Network optimization for LTE, 4G, and 3G

https://www.linkedin.com/in/shabeer-kirmani-53a29231/

 

Dayanie Rajeev – VP, Human Resource

  • HR Manager at Syncoms India – 4 years
  • HR Manager at IBM – 3 years and 3 months
  • Manager at Accenture India – 1 year and two months
  • HR Executive at Citibank India – 2 years and 4 months

https://www.linkedin.com/in/dayanie-r-928a00b3/

The team consists also of a marketing person and 16 software engineers.

 

Project

The Sparkster Platform enables you to build software without writing any code, by simply dragging and dropping blocks that are in plain English.

The Sparkster Decentralized Cloud will facilitate the execution of Smart Software using the Sparkster No-Code Platform, in a decentralized fashion. A miner can install the Sparkster “mining” app on their cell phone that will provide user-generated Smart Software with a local “Sparkster Runtime Environment (SRE).” The SRE would localize the architecture necessary for the execution and decentralized coordination of functions, workflows etc.

Main characteristics of their product are:

  1. Privacy – all data stored and accessed is deconstructed into transaction fragments, encrypted and disseminated across a network of nodes such that it cannot be of any meaningful value when viewed on a public ledger.
  2. Security – any devices operating on the network and interacting with client data are hardened such that any form of tampering to access data, while it is being processed, prevents the device from accessing the network.
  3. Performance – transaction latency must be comparable with traditional centralized cloud computing, but transaction throughput must exceed Tens of Millions of Transactions per Second.
  4. Material Cost Savings – Cost savings must be sufficient to justify the efforts involved in redesigning software.
  5. Architecture Transparent – Software designed in such environment must easily and automatically operate in a Decentralized environment, without requiring any knowledge or architectural design considerations for Decentralized environments by the software author.
  6. Blockchain Agnostic – Users must have the freedom to build software that can interact with any existing blockchain of their choice – all in plain English. Today, we have existing integrations with Ethereum and IOTA, but others such as NEO, Cardano, and Stellar are on our roadmap.
  7. True Decentralized Oracles – Integrate anything, whether it’s AI, IOT or your favorite API. Most importantly, integrate anything without any code – in plain English.

So far, the team has signed official partnerships with ARM® (one of the worlds largest computer chip designers) and Libelium® (an industrial sensor and gateway distributor).

The analysis of their current competition in the field:

To achieve scale, Sparkster will make its Platform free to use in a personal capacity. While this will be limited to a certain number of transactions per month, in a personal capacity, this limit can be lifted by referring other users. The use of our Platform in a commercial capacity will be subject to ongoing fees in the form of user licenses, transaction fees, device fees, storage fees etc.

Smart Contracts enable the platform to build, execute and adjudicate transactions that have financial consequences in the real world. They currently support two versions of Smart Contracts: Ethereum Smart Contracts and IOTA Smart Transactions via IOTA Flash Channels.

Given that clients desire to keep their company’s data private, they eliminate the necessity of maintaining Global State. This is significant because it allows to shard the Distributed Hash Tables by client groups. Most importantly, one shard never needs to have any awareness of any other shard. Although this may lead to higher centralization, or more probably, less security of the state of the individual shard, cause it will not be stored on as many nodes as it would be if each node would store the global state.

Technology layering of the network:

For consensus algorithm the team has chosen: The Federated Byzantine Agreement System (FBAS) proposed by the Stellar Network(Mazieres, 2016). It has proven to easily perform 1,000 transactions per second with a latency of just 2-5 seconds per confirmation.

 

Token use case

Companies wishing to run the software will pay for the execution of software on the Sparkster Decentralized Cloud in SPARK tokens. The tokens would then be issued to the “miners” for the use of their cell phone or desktop processing power. In addition, to Compute Nodes, Storage Nodes can join our network. These nodes would be responsible for decentralized data persistence (documents), and for maintaining a repository of the components designed by our community of users.

Miners, both Compute and Storage, stake tokens as collateral to ensure they operate honestly. Verification nodes validate transactions generated by Compute nodes and persisted by Storage nodes. If these verification nodes detect any illicit activity, they cease the stake advanced by these miners as a bounty for detecting illicit behavior.

When publishing to the platforms Marketplace, authors can opt to charge for the use of their contribution. While the author is free to choose the amount to charge, the payment will be made with Spark tokens.

 

Token metrics

  • 1% of total token supply will be distributed to their own charitable organization: The Dreamers Foundation. The mission of this organization is to promote education and technological innovation amongst the world’s poorest people and to create technology that promotes their growth, independence and enhances their sense of self-determination.
  • 10% of all tokens will be reserved to support the current and future team.
  • 20% of all tokens will be reserved for shareholders of Sparkster as compensation for their investment over many years to build the Sparkster platform. Team and Initial Investor tokens will be vested for a period of 2 years.
  • 2% of tokens will be retained to facilitate liquidity for an exchange listing.
  • 67% of all tokens will eventually be sold via token sales in phases

More details about the token sale can be found in this blog post:

https://steemit.com/ico/@sparkster/sparkster-crowdsale-announcement

 

Roadmap

The roadmap shows mostly the past achievements and history of the project.
As for future goals, the Cloud should be operational before the end of 2018 and most important goals for 2019 are the integration with other blockchains and focusing on Enterprise customers.

Community and marketing

Their Telegram https://t.me/SparksterICO has more than 55k members. Their Steemit blog https://steemit.com/@sparkster has 3 posts. On Twitter https://twitter.com/sparkster_me/ they have more than 12,6k followers. Their Youtube channel https://www.youtube.com/channel/UCAkXXoN7cFSEN-4SFtLFmHQ has 6,6k subscribers.

There is also strong interest in their Reddit account https://www.reddit.com/r/Sparkster/, about 5800 readers.  Their Facebook https://www.facebook.com/sparkster.me/ is followed by almost 7500 people and their Linkedin profile https://www.linkedin.com/company/sparkster_me/ has about 3000 followers.