A new ICO coming in June this year, Sparkster, has received much attention from crypto community. People seem to be split between hating it and being excited about it. That wide split is not very common as much as I’ve seen. So I’ll try to analyse the hype vs hate and try to come up with a conclusion at the end.
Hype Factors:
Decentralized Application infrastructure platform: Sparkster is partly a dapp infrastructure network. Since it’s the beginning of the decentralized revolution, people are highly bullish on infrastructure projects. Sparkster is such one project claiming to offer very high transactions per seconds on it’s network, that of exceeding 10M TPS. This is mind-bogglingly high compared to competitive projects.
Ian Balina support: Ian Balina is highly influential as a blockchain based project investor. He said to have done through research himself with Sparkster’s product, and classified it to be working and impressive. So much so that Ian rated Sparkster at 90% in his spreadsheet, making it a clear number 1 project. Meaning that he predicts it to be the most lucrative ICO currently.
Hate factor:
- Block Programming perceived as ineffective: Sparkster’s key idea is to be able to develop dapps without any programming know-how. Programs are written with the help of puzzle-like blocks and jelly-like blobs that can be mixed together to do meaningful things. All in plain English, no computer talk. Though it makes the job of writing software more accessible to larger non-tech community, people have doubts if block programming could be used to build really complicated software that real-life use often requires.
As midgard research puts it:
We have mixed feelings about this project. On one hand, they receive a lot of hype, have good tokenomics, and they have a production-ready product. On the other hand, the whole idea behind the Sparkster is weak. We don’t believe in block programming as a way of creating professional and stable software.
So, our “high” rating (7 points) is mostly due to short-term investment prospects.
My personal opinion:
I’m very bullish on Sparkster project for these reasons:
Easy access to Tech revolution: in a world where technology is revolutionizing all industries, it only makes sense for people all around the globe with different skill-sets wanting to join and create tools for their needs.
Non-tech block programming could really help people get on board without having to tap into the vast ocean of computer knowledge. So block programming to me is the unique x-factor that makes Sparkster different than other infrastructure projects.Great Token-economics: Sparkster is raising 30M$ for 67% of it’s total toke supply. More than half of the tokens are being sold at public and private sales. A rare seen these days. QuarkChain sold only 20% for 20M$, Fantom sold 40% for 40M$.
Low market cap at the ICO stage leaves room for higher valuation at the exchanges.Already ready project: Most of the ICOs don’t have any product ready at the ICO stage, but Sparkster’s product development is much advanced. They not only have created their block programming toolkit for creating software but also created a 6 stage walk-through to learn to use it.
Conclusion:
Sparkster is not aiming to substitute real programming based projects. It’s just creating a platform where if people want to build software easily, without any technical skills needed, they can. Sparkster has it’s own niche and I think it has the potential to be big as technology is disrupting more and more lives.
So my sentiment is highly bullish on Sparkster.
Sparkster Website: https://sparkster.me/
Sparkster Telegram Group: https://t.me/SparksterICO
My facebook profile: https://www.facebook.com/NinjaMittal
My Telegram profile: https://t.me/ZenMittal
Disclaimer: I’m not getting paid to write this article. Although, I will be submitting this article to Sparkster reward program.
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