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Sparkso Executive Summary

June 22, 2022 admin
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Problem to solve

Blockchain and NFTs, like the Internet in its early days, represent an unprecedented opportunity for companies and projects to distinguish themselves from their competition – as early adopters – and to ensure sustainable growth in a future set to increasingly respond to Web3.

“Tomorrow’s world will be decentralised”; this is the credo that drives us. We believe that many projects offering B2B/B2C services, although “game changers” in nature, are in danger of missing this shift to Web3 because they are not sufficiently aware of how Blockchain will impact so much of business protocol in the future. These projects are limiting their potential for success, in the longer term, by allowing those competitors, that do grasp the relevance of decentralisation through Blockchain and Web3 technology, to move ahead of them in their respective markets.

 

Solution

In order to address this problem and to allow these otherwise promising projects to be at the forefront of Web3, we plan to build a decentralised ecosystem, in the form of a marketplace, that will welcome a diversity of valuable projects to fully take part in these technological developments:
•  Introduction of Blockchain in the value chain (Smart Contract, DAO, NFT, Metaverse…).
•  Economies of scale, inherent in the mutualisation of the technical base of the Sparkso marketplace and a significant part of the marketing expenditure.
•   Exposure to the user communities of other projects in the marketplace.
•   Provision of a utility token, the POXO, as an alternative and modern method of settlement (without being exclusively so).
Such projects are sourced and then selected according to the classic criteria of viability and profitability, but to which we now add the additional selection filter that only those projects with an anticipated long term societal impact will be considered i.e. in areas such as education, global business and the environment, etc.

 

“Tomorrow’s world will be decentralised”

Value Proposition

The various services of the marketplace are available in the form of dApps, the first two being Spirlso and The African Master (TAM): Spirlso is a decentralised business partnering platform, ensuring collaborative success through peer-to-peer governance of partnerships. TAM is an educational and training platform, offering degree and course accreditations in a decentralised framework. A particular focus for this dApp will be the African continent.

What makes us different from traditional marketplaces? Security of the information recorded in the Blockchain which is, by the very method of its construction, unforgeable and immutable. Public transparency due to the traceable (but still confidential) nature of the Blockchain. Competitiveness of user fees due to the absence of intermediaries. Mutualisation: costs of scale (infrastructure, marketing…), communities (size effect: multi-exposure, synergies…), user experience.

What makes our dApps unique? For Spirlso:Sparkso’s smart contracts secure the mutual interests of partners who do not know each other, the generation of NFTs (“Certificate of Achievement”, then “Certificate of Trust”) makes it possible to track collaborative successes in the Web3. By promoting aspects of trust and transparency, Spirlso is set to revolutionise the way of doing business and to open the door of Web3 to its users. For TAM: Sparkso’s smart contracts guarantee full transparency of the knowledge process. NFTs are issued to certify cognitive and professional skills in an unfalsifiable and universal way. By providing transparency, TAM opens the doors of the African market to internationally renowned institutions for the establishment of strategic partnerships. TAM brings African education and training into the Web3.

What is the Sparkso Marketplace?

Sparkso is the first marketplace in which B2B/B2C services can be marketed within a decentralised framework. This is made possible thanks to a technical infrastructure built in the Blockchain and thus allows ultra-secure and completely traceable peer-to-peer exchanges, while guaranteeing the confidentiality of users. The various marketplace services are available in the form of decentralised applications (dApps) which users access using utility tokens called POXOs.

Two immediate benefits – linked to the intrinsic characteristics of the Blockchain – emerge: public transparency of operations and, above all, better competitiveness of user fees. Beyond these advantages linked to the Blockchain, the marketplace offers a criterion of structural differentiation: the pooling of scale costs (infrastructure, marketing), communities (size effect: multi-exposure, synergies) and user experience:

  • Economies of scale: thus, the more projects that integrate the marketplace, the lower their individual cost in terms of technical infrastructure and marketing, it being understood that these
    expenditure items are pooled within the marketplace.
  • Pooling of communities by analogy with a commercial centre concept: the user community of an X application naturally has access to other marketplace applications, and vice versa. 
  • Unified user experience means simply connecting to the marketplace will give users access to all the services within reach. They will then also be able use the POXO token to subscribe to these services and, ultimately, to participate in the governance of the marketplace. 

What is our approach?

The Sparkso approach consists of selecting projects with a high societal impact, targeting key areas of interest – education, social, business, employment, Web3, etc. Projects that would gain stature and development potential by being implemented in the Sparkso marketplace and benefiting from its shared ecosystem (economies of scale, multi-community and unified user experience), in addition to the decentralisation, smart contract, NFT and metaverse functions/tools provided by the Blockchain.

At an operational level, the Sparkso team combines multi-channel prospecting and calls for projects to identify promising projects and then convince project leaders to join the marketplace. The initial concepts are then revisited and reworked with a view to integrating into the functionalities the first-level benefits linked to the use of the Blockchain (decentralisation, smart contract, NFT, metaverse). Finally, these projects are implemented within the marketplace in the form of dApps, with the POXO utility token the settlement means assigned to the Sparkso ecosystem. 

How does Poxo fit into our ecosystem?

The POXO is the native token of the Sparkso marketplace. It is limited to a total and definitive quantity of 420 million units, a so-called ‘non-inflationary’ token. It serves as a means of paying for the services offered by the various applications (utility token). The POXO also has other functions, namely:

  • Financing of the marketplace by future users and the community in general, through the token public sale campaign (ICO),
  • Distribution of rewards to encourage involvement in the medium and long term,
  • Price differentiation compared to payments that would be made in fiat currency (discount system). Eventually (Generation Two), the POXO token will have a voting right (governance) attached, enabling the community to take part in decisions related to the organic growth of the marketplace. 

Roadmap

  • Generation One: implementation of the Spirlso and The African Master (TAM) applications, which will offer services in the areas of business and education respectively; the Generation One will last 9 months and will strive to deliver a batch of two dApps to the community. So, Spirlso and The African Master (TAM), will be the marketplace’s pioneering dApps. 
  • POXO tokens will be distributed at the end of the fundraising phase (ICO). These tokens can then be traded on exchanges.
  • Generation Two: upgrading Spirlso and TAM (improvements on feedback, new features, etc.), hosting new applications within the marketplace and deployment of governance functions attached to the POXO token. 
  • Spirlso is a partnerplace that aims to connect future business partners and provide decentralised tools in the Blockchain, allowing peer-to-peer governance of partnerships established, throughout the entire collaboration cycle (smart contract). The platform places particular emphasis on accelerating new ways of business development and is distinguished by the issuance of tamper-proof and decentralised NFT certifications in the Blockchain. 
  • TAM is an educational and learning platform disseminating video, audio and written content produced by figures with recognised expertise and/or by partner institutions via diploma courses. The platform places a particular focus on the development of the African continent and is distinguished by the issuance of tamper-proof and decentralised certifications in the Blockchain. 

These two applications fulfil the prerequisites of intrinsic viability and profitability required for any project that applies to the Sparkso marketplace. 

As for the project teams that are candidates for the implementation of new dApps, they must first commit to a set of criteria that are consistent with Sparkso’s philosophy and values.

Business model and value creation

Sparkso is remunerated by project owners in two ways (which are not necessarily mutually exclusive), namely: by taking a stake in the share capital and/or by applying a commission rate on the volume of business carried out. 

Negotiations are mutually agreed and result in an agreement that is then implemented in the form of a smart contract, in particular to automate the payment of remuneration due to Sparkso. This remuneration is denominated in POXO tokens.

Basically, the value of POXO on the market depends on two complementary factors that reflect the overall demand for tokens as well as confidence in the Sparkso project: the number of dApps present on the marketplace (ecosystem size), and their level of adoption by the community, which depends on the associated value creation. 

There are two parts to the value creation associated with dApps: 

  • The gain in competitiveness linked to the structural economies of scale induced by this marketplace model, in addition to the reduced time-to-market thanks to direct exposure to several user communities
  • And the intrinsic value created through the different services offered by the Apps implemented in the marketplace.

In conclusion, the more value-creating apps there are in the marketplace, the greater the potential demand for POXO tokens and the higher the price of POXO, knowing that the total supply of tokens is unchangingly limited to 420 million units.

Technology

Our technological choice has been carefully considered, in particular by taking into account prospective elements of interoperability, digital identity and environmental impact to make this decision viable and to support it in the long term. We have decided to develop our marketplace in the eco-responsible Polygon blockchain, which will allow our community to benefit from the following features concurrently: safety, speed and scalability, low-operating costs, interoperability and carbon neutrality.

Legal

  • SPARKSO SARL is a Limited Liability Company registered in Luxembourg whose registered office is located at 5 place de Gare, 1616 Luxembourg, Luxembourg. 
  • Sparkso falls under the jurisdiction of the Grand Duchy of Luxembourg. 
  • The Poxo utility token is compliant with Luxembourg regulations and consequently those of the European Union. 
  • The regulatory compliance of the POXO token has been established by the international law firm, CMS.
  • The POXO utility token code has been audited and certified by CertiK.
  • In addition, Sparkso is a member of CertiK’s ShentsuShield programme, an insurance policy for POXOS token holders in the event of loss or theft related to a code defect.
Sparkso Lite PaperMay 24, 2022

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