The SparkSwap Mid-Year 2023 Recap

Don’t miss Sparkswap’s exciting mid-year journey, from launching the Multisender app to introducing Sparkswap Futures. Discover the latest updates in our DeFi platform.

Published in
6 min readAug 15, 2023

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The first half of this year has been marked by a series of impactful events. In this mid-year review, we’ll dive into the standout moments encompassing product launches, app enhancements, and transformative partnerships.

Without further ado, let’s delve into the most remarkable highlights that have significantly shaped the experience of our vibrant community!

Q1 Highlights

January: Launching of the Multisender App

We commenced the year with a remarkable stride by introducing the Multisender App, a game-changer in the realm of token distribution. This groundbreaking application empowers users to seamlessly send tokens to thousands of wallet addresses in just one transaction. And the icing on the cake? Gas fees are noticeably reduced! Through the utilization of Sparkswap’s SFUEL token for gas fees, users can relish an exclusive discount. It’s important to note that the app is still in its early stages, with a host of exciting features in the pipeline. Should you have any inquiries or concerns, our support team is readily available to provide assistance.

🔗 Go to Multisender app here.

February: SparkBridge Dapp Update

In February, our dedicated development team worked tirelessly to elevate the Sparkbridge Dapp. One particularly notable enhancement is the incorporation of the SFUEL bridging fee option. This signifies that users can now capitalize on reduced transaction fees by opting for SFUEL instead of SRK as the fee. When you choose SFUEL, you’ll receive the complete amount of the bridged tokens without any deductions. We’re persistently exploring avenues to enhance our platform and offer an expanded array of choices for our esteemed users.

🔗 Go to SparkBridge now and use SFUEL!

March: Putting Users First with a Number of SparkSwap Platform Enhancements

  • Simplified and Transparent Bridge Fees on SparkBridge:
    Responding to user feedback, SparkBridge now presents a unified and fixed bridge fee calculation, ensuring clarity and consistency between the UI and contract.
  • Staking App Streamlining for Improved User Experience:
    Our Staking App enhancements involve the removal of complex details such as remaining days and pool status, guaranteeing a straightforward and user-friendly interaction.
  • SFUEL Fee Option: Enhancing Cross-Chain Swaps on SparkBridge:
    Cross-chain swaps become more efficient with the addition of SFUEL as a fee option on SparkBridge. Users can now choose SFUEL for transaction fees, offering a more economical solution.
  • SparkSwap SDK Expands: Supporting ERC-20, ETH Mainnet, and Goerli:
    SparkSwap SDK broadens its horizons, encompassing ERC-20 currencies and integrating with ETH mainnet and Goerli. This expansion paves the way for multi-chain support in the upcoming SparkSwap Multisender App.

Q2 Highlights

April: Introducing SparkSwap Futures in Collaboration with ApolloX

In April, we collaborated with Apollox to unveil Sparkswap Futures, a revolutionary platform designed for perpetual trading. Through Sparkswap Futures, traders can harness market volatility without the necessity of physically possessing the assets. This platform is a game-changer for individuals seeking to delve into perpetual trading. This partnership unites two decentralized platforms with a shared focus on revolutionizing traditional industries. Together, we’re forging a path toward the widespread adoption of blockchain technology.

🔗 Read the full story here.

May: Sparkswap Futures Open Beta Trading Competition

The month of May was filled with excitement as we successfully concluded the Sparkswap Futures Open Beta Trading Competition. Traders from all over participated and showcased their skills, resulting in a total trading volume of $112,728. The immense success of this competition highlights the growing demand for decentralized platforms that offer users greater control over their finances.

June: Multisender App Refinements and SparkSwap Futures Launch, and the activation of SendX (formerly SparkSend)

  • Multisender App Updates and More
    As we entered June, we made several enhancements to the Multisender App, making it even more user-friendly and efficient. Whitelisted users can now perform multisends without incurring any platform fees, providing you with more flexibility and saving you valuable resources. Additionally, various validations have been implemented to ensure smooth transactions and avoid any errors. Additionally, a new functionality that allows users to view and download their transaction summary after performing multisending or airdropping has also been added.
  • SendX (formerly SparkSend), the newest addition to the SparkSwap DEX V2
    Experience a seamless transition as tokens swapped on SparkSwap can now be instantly transferred to your wallet address, thanks to the newly introduced feature in SparkSwap DEX V2. Bid farewell to time-consuming and error-prone procedures, as this innovation streamlines the entire process.

Continuing the Journey Together

Reflecting on the first half of this year, one aspect shines brightly: Sparkswap is embarking on an extraordinary journey within the realm of DeFi. We have borne witness to the introduction of the Multisender App, a revolutionary approach to token distribution. Furthermore, the incorporation of SFUEL as a bridging fee option on SparkBridge has resulted in noteworthy transaction cost reductions for our valued users. A strategic partnership with Apollox has given rise to SparkSwap Futures, a dynamic platform that empowers traders to explore the realm of perpetual trading.

At the core of our endeavors, the SparkSwap Community remains our driving force. These remarkable accomplishments stand as a testament to our unwavering dedication to innovation, transparency, and designs centered around user needs. With each milestone achieved, we are forging a pathway toward a decentralized future, one that empowers users and catalyzes transformative changes across industries. Keep your attention focused, as we progress forward in unity, reshaping the landscape of DeFi and Blockchain Technology.

Follow SparkSwap and join our community channels for more updates:

SparkSwap Twitter | SparkSwap Facebook | SparkSwap Instagram | Telegram Announcement Channel | Telegram Community

Learn more about SparkPoint and SparkSwap from the following links:

🏠 SparkPoint Website: https://sparkpoint.io/
⚡️ SparkSwap Website: https://sparkswap.finance/

🪙 Get SRK: https://srk.sh/trade
⛽️ Get SFUEL: https://srk.sh/tradesfuel

📢 Telegram Announcements (SparkPoint): https://t.me/sparkpoint
📢 Telegram Announcements (SparkSwap): https://t.me/SparkDeFiOfficial

🏘 SparkPoint Community on Telegram: https://t.me/SparkPointOfficial
🏘 SparkSwap Community on Telegram: https://t.me/SparkDefi

👋🏽 SparkPoint Twitter: https://twitter.com/sparkpointio
👋🏽 SparkPoint Facebook: https://facebook.com/sparkpointio
👋🏽 SparkPoint Instagram: https://instagram.com/sparkpointio
👋🏽 SparkSwap Twitter: https://twitter.com/SparkDeFi
👋🏽 SparkSwap Facebook: https://www.facebook.com/SparkDeFi
👋🏽 SparkSwap Instagram: https://www.instagram.com/sparkdefi/

🏢 LinkedIn: https://www.linkedin.com/company/sparkpointio
👨🏽‍💻 GitHub: https://github.com/sparkpointio
ℹ️ SRK on CMC: https://coinmarketcap.com/currencies/sparkpoint/
ℹ️ SFUEL on CMC: https://coinmarketcap.com/currencies/sparkpoint-fuel/

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