Thanks for the ping. I think it is important someone chip in here and warn users about the dangers of SPARC before you all start to spend GRC/ETH as transaction gas. SPARC announced itself to our community on the subreddit a month ago, and linked us to their webpage.
The webpage included scathing criticism of GRC, most of which was either outdated or factually incorrect regardless of when it was written. Their whitepaper was also riddled with errors, grammatical problems and formatting issues. Worse, they openly admitted on our sub that the whitepaper was outdated, despite an active ICO being ongoing.
Further, SPARC was just onto its second ICO phase. To make it appear like there was a lot of investor interest, they appear to have washed about USD$50,000 worth of ETH through their investment wallet. You can go trace the addresses yourself to check this, and Neuralminer has already done this.
On the other hand, they are very quick to reply to any emails and appear very friendly. I just advise significant caution. It is very easy for anyone to set up a 'dumb' ETH token (one with limited functionality beyond 'being a token').
As of now, you are unable to sell SPARC on any exchange. If you do withdraw it, be very careful that your ETH wallet of choice supports ERC20 tokens or your SPARC will be lost.
You have my 100% upvote as this is an important topic to be brought to the attention of the community. Thank you!
Thanks for the information! Like I said, their whitepaper is currently unavailable on their website and just gives a 404 error. I'm going to keep my eye on the token and see if I can find any further information on it and how it's being received. The fact that they were slating GRC, as you said, and fabricating investor interest seems very fishy though...
That is very concerning too...