Here at Sparkle we are excited for what the month of February holds for our project.
We are proud to announce the launch of the total rebranding of the project. This means a new exciting look, new website and the launch of our new industry changing PoL (Proof of Loyalty) contact.
We invite you to join our rapidly growing community on telegram t.me/sparklemobile to celebrate with us during the upcoming launch. This will allow you to meet some of the Sparkle team, Jonah, Matthew, Erupt, Nils, Odelay and of course Woodsy. There will be many exciting surprises, including irresistible discounts and special announcements so dont miss out.
Sparkle Loyalty is close to launching our new Proof of Loyality (POL) contract so let’s have a look how it weighs up to it’s older competitors. While most people may already know protocols such as PoW (Proof of Work) and PoS (Proof of Stake) Sparkle serves as an alternative vehicle to earn daily rewards.Our integrated solution provides exceptional benefits allowing users to control their reward cycle with ease. We have no mining process for SPRKL by which nodes solve cryptographic problems to unlock blocks, and do not require users to have their machines or wallets open 24/7.
Advantages with PoL over PoS
*Zero Network Weight Required to participate! That’s right, goodbye VPS *Hello monthly savings!
*Coin Resets Every 24hrs
*No Bootstrapping Required
*No Coin Control Required
*Scaled Rewards System
Mine tokens based simply on time locked loyalty, the more you hold the more tokens can be mined.
Sparkle scaled reward system is built on loyalty. Our PoL (Proof of Loyalty) solution removes the random process by which users are rewarded with low probability and replaces this with a more fairer based system, in other words (fairer for the dedicated #SPRKL holders holding minimum amount of SPRKL for a set period of blocks, 24 hours). This alternative solution guarantees a predictable rate of return and annual rewards of 30%.
SPRKL Annual Reward System
50% of the max supply is locked away specifically to pay loyalty holders.
We use an approval function so users can claim tokens based on the % they have stored in the contract.
When the reward cycle restarts users will be able to call two functions.
1. Calculate rewards
2. Claim rewards
It’s that easy Sparkle fans!
Note rewards are redeposited back in to the contract and also resets the block number. Any withdraws made from loyalty miners will also reset the block life cycle to encourage an extended loyalty.
Loyalty miners will continue to be rewarded until the max supply is reached at 70,000,000 SPRKL. Our ethos at Sparkle is as our project grows we want our loyal holders to grow with us!
In contrast by just holding your tokens in your TrustWalletApp or Metamask Wallet enjoy rewards every 24 hours. So no more headaches with mining or staking.