Interview with Victor Wong from SparkleCOIN
Sep 08, 2017 Posted / 1663 Views
Sparkle Coin is a diamond-backed hybrid cryptocurrency that is part of a new high-efficiency, low-drag economy we have created. This new economy includes a powerful currency exchange that will also provide payment gateways for virtually any online store to accept Sparkle Coins. In addition, we have created an online shopping mall where customers can purchase products from the world’s largest e-tailers including Amazon.com, Walmart, and others using Sparkle Coin.
In order to enable rapid adoption and long-term sustainability, we decided to fork from Peercoin, which itself was forked from Bitcoin to create a hybrid that allows for mining through POW and minting through POS. Mining helps to build the size and strength of the network quickly and Minting will insure the network is sustainable.
No company to date that we know of in this industry has given thought to continual operation of the company after the ICO. We come from the traditional business world where long term planning and business fundamentals matter. Because of this, we didn’t just want to make as much money as possible during our ICO with no plans in place to insure the continual operation of the company. Therefore, we have set aside a number of Sparkle Coins in an off-line, managed, and audited account that will be distributed in small quantities daily back to Sparkle Coin, Inc., the operating company, to ensure we will be able to support, promote, and advance the use and trading volume of Sparkle Coin for 100 years. We are in this for the long run.
Our core team including myself are all seasoned veterans in our respective fields. I for instant have almost 30 years of experience in bringing new disruptive technologies into the mainstream. One example is with PowerTools, a company I founded and served as CEO that was an authorized maker of Mac OS compatible computers. We produced the most powerful Mac OS computers ever back in the mid 90’s. Another is recognized as the first company to combine Windows and Mac OS computers with musical keyboards to produce hybrid instruments used by everyone from Timbaland to Madonna to Maroon 5 to KoRn to Prince, and many others. In fact, the keyboards on stage at the Super Bowl performance by Prince were all designed by me and produced by my company. We helped jumpstart the use of computers in music production and performance, which is so common today.
However, Sparkle Coin, Inc. is not a one man show, we have Mr. David Chen who is our VP of Financial Strategy, a past partner at Deloitte. He has conducted hundreds of transactions with numerous Fortune 500 companies.
Then there is Mehmet (Mat) Oguz. He past achievements includes director of sales positions with Cisco, HP and IBM with sales over $1B annually in over 100 countries.
As for software development, we have Mr. Pancham Singh, a 20-year veteran software developer who manages our 10 person and growing development team. They are responsible for all software development ranging from web design to database design to cryptocurrency and blockchain technologies to online transactions to payment gateways. If it has to do with software, they can do it.
But software alone is not where we are going to end up as we also have Mr. Travis Redding, who founded Livid Instruments, a recognized leader in midi controllers for music production and performance. He holds multiple patents and have been featured in wired magazine, popular science, remix, and make magazine. There are some great hardware products coming out to further increase the use and scope of Sparkle Coin.
Our ICO is unique in the sense that we are not trying to fund the creation of a company. We started the Sparkle Coin project along with VCoin Exchange and VCoinmall, the other companies in this new ecosphere, about 2 years ago in 2015. When people purchase Sparkle Coins, they are contributing directly into the new economy we have designed.
By purchasing Sparkle Coins, buyers are putting those coins into circulation to be used for transactions such as purchasing products and services through VCoinMall.com and other online merchants using VCoin Exchange's payment gateway, or increasing the trading volume on VCoin Exchange. The purchases of Sparkle Coins help to grow the economic ecosphere built around Sparkle Coin.
The volume of purchases of Sparkle Coins has a direct effect on the transaction volume the ecosphere can accommodate. The higher the value of all of the circulating Sparkle Coins, the more online merchants VCoinMall.com and VCoin Exchange can bring into the ecosphere, which in turn will provide the holders of Sparkle Coin more options to purchase products and services worldwide.
Sparkle Coin is an asset backed cryptocurrency, which provides a level of protection for the early purchasers of the coin.
Each Sparkle Coin is backed by $5 worth of GIA certified diamonds procured through established diamond wholesalers, which can be immediately redeemed the day after the Sparkle Coin ICO with a minimum of $500 worth of Sparkle Coins.
However, if the price of Sparkle Coin reaches $25 per coin, the backing will stop. At five times the initial price, the economy built around Sparkle Coin will have proven itself and Sparkle Coin will then have its own intrinsic value. This was the goal from the beginning
The most obvious advantage for early purchasers of Sparkle Coins is of course the possibility of it increasing in price. However, we can’t guarantee that as no one can foresee the future, but we believe what we have created, which is substantially more than the vast majority of other coins priced at hundreds to thousands of dollars per coin, gives us a pretty good shot at success.
Thank you very much for the interview. I hope it was not too long, but as you can see by now, we have way more to offer than most other ICOs of late and real substance takes time to explain.
Applancer is an open platform for discussion on all things like Blockchain , Cryptocurrency and Ico news updates. As such, the opinions expressed in this article are the author's own and do not necessarily reflect the view of Applancer .
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