Confidently spend cryptocurrencies online with the same buyer protection you expect from your credit card company or payment service
Sparks is a robust platform, powered by blockchain technology, that provides an end-to-end solution for eCommerce cryptocuccrency transactions that both merchants and consumers require
Integrated with merchant's eCommerce channel point of sale
HOW IT WORKS
Consumer shops on merchant website
Payment accepted on merchant website (powered by Sparks widget+platform)
Rules based validation to release funds to merchant
(Patent filing in progress)
Recorded on Sparks Blockchain throughout various Stages
Order status updates via Shipping company APIs
Buyer Protection for 30 days post order through
Dispute Claims Portal
Dashboard reporting + analytics
Allowing merchants to analyze metrics that are meaningful to their business.
Easy integration with existing
Plug-ins that are easy to integrate with existing web-based eCommerce stores. Allowing for fast and easy adoption for merchants to accept cyptocurrency payments
Exposure to consumers
with discretionary crypotcurrency holdings (Increased target market)
Sparks coin is the "fuel" that powers the eCommerce platform. Fees to merchants are based on a nominal percentage value of the transactions performed on the Sparks platform and are paid for by merchants using Sparks coin
Proof of Work +
Decentralized Governance +
Lightning-Fast Block Time
Low Transaction Fees
Difficulty Adjustment Each Block
(Dark Gravity Wave v3)
Masternodes + Guardian MNs
Transactions are validated on the Sparks blockchain through Proof of Work as well as by masternodes. Masternodes and miners that contribute to the network are rewarded for their work in the form of Sparks coins.
Masternode Collateral: 1000 SPK
Guardian Node Collateral: 25000 SPK
Block Reward: 13.33 SPK
Masternode Reward: 9.33 SPK
Guardian Node Reward: 9.33 SPK (paid ~26.75 times more often than a Masternode)
Mining Reward: 4 SPK
Core Dev Fund: 10%
Governance Fund: 10% (in effect after block 350000)
In addition to Masternodes validations, Sparks will introduce a tiered masternode concept.
Guardian Masternodes will serve the purpose of powering the eCommerce platform, validating merchant transactions on the Sparks blockchain. In addition to payment transactions, the platform will also have many other functionalities to serve as the one-stop solution for eCommerce merchants and consumers. Buyers that go through our platform can be assured that products they purchase on partner merchant websites will be protected. Sparks will ensure this happens by releasing the funds to the merchant only after a certain criteria have been met. Releasing the funds and associated fees will happen on-chain, in a decentralized manner. Certain types of transactions throughout this entire workflow will be broadcast onto the blockchain, to provide visibility to all involved parties.
These transactions will also be validated by the Guardian nodes. With Guardian Masternodes, anyone can share in the growth of Sparks. Unlike typical tiered masternodes, which simply offer a higher coin reward for the sake of offering more coins (which essentially have no inherent utility), Sparks Guardian Masternode holders will directly have their potential rewards tied to the fees earned by the platform, essentially making each Guardian Masternode holder an owner in the Sparks project.
Guardian Masternode Collateral: 25,000 SPK
Guardian node holders will earn 7% more than by just owning 25 different MNs, and they will be paid on a different reward cycle than regular MNs. To prevent inflation, there will be no block reward increase to facilitate that, coins will still be issued at the same rate. In addition to the block rewards, Guardian Masternodes will share 50% of all profits earned by the platform. Fees earned by the Sparks platform will be divided by the number of Guardian Masternode holders and paid on a set frequency.
We would love to hear from you! Reach out to us with any questions, comments, or feedback and a member of our team will get back to you shortly.