Blockchain technology is highly transparent. Transactions are recorded on blocks that blockchain enthusiasts can revisit and review anytime. Recent on-chain analysis from blockchain explorers indicates a massive exodus of Dogecoin holders as the project displays bearish sentiments. Some previous dogecoin holders have discovered a new crypto gem with enormous potential to explode in the imminent bull market.
Is Dogecoin dead?
Dogecoin is a famous cryptocurrency classified under meme coins or hype-driven crypto projects that lack utilities and functionalities. The digital platform was developed from a joke that rose to popularity due to its affordability and its accessible nature. However, crypto has ranked among the worst-performing digital assets in the prevailing crypto winter, causing investors to panic and abandon the project for more lucrative investment opportunities in and out of the crypto realm. Some investors have bought into an ongoing ICO event hosted by Bitcoin Spark on the Ethereum network.
What is Bitcoin Spark?
Bitcoin Spark is a utility token with an upcoming high-performance distributed ledger whose main objective is to rank as the largest and most useful BTC fork. The developers of the Bitcoin Spark ecosystem have incorporated exclusive features to support the ongoing ICO event, including a unique marketing methodology called innovative disruption. The marketing strategies employed under the creative disruption umbrella include brand storytelling, strategic positioning, and advanced technology strategies to leverage brand awareness. The platform’s Contract Wolf audited smart contract leads the platform’s innovation.
What makes Bitcoin Spark special?
One of the most outstanding attributes of the Bitcoin Spark ecosystem is that the network is designed to profit network participants even during bear markets. While other projects emphasize capital gains, Bitcoin Spark will establish Web3 earning mechanisms to benefit investors and network participants in the long run. For a start, the developers are focusing on two main income streams: advertising and lending out processing power to clients.
The primary source of income will be decentralizing the lending out of processing power to clients who perform virtual tasks such as online virtual computations. The processing power will come from the mining layer of Bitcoin Spark’s smart contract. Bitcoin Spark is a lightweight network with advanced technology that will allow miners to trap idle processing power for the platform.
Clients who purchase the processing power will do so using BTCS tokens. The income will be shared between the project’s developers and the network participants, generating the processing power. 3% of the payment will be sent to the Bitcoin Spark team, and the remaining amount will be sent to mining pools and shared with miners according to their contributions.
The Bitcoin Spark ecosystem will achieve a secondary income source by offering an advertisement platform for Web3 projects and marketing agencies. The advert campaign will involve the Bitcoin Spark team selectively isolating sections on the website and other software applications that will later be customized to create ad slots.
Clients who wish to reach a large Web3 audience will purchase the ad slots using BTCS tokens and use them to air their products and services to the Bitcoin Spark community members. Half of the earned BTCS tokens will be sent to the Bitcoin Spark mining pools for distribution to miners. The remaining half will be allocated to the Bitcoin Spark team for upkeep and maintenance.
Learn more about Bitcoin Spark on:
Website: https://bitcoinspark.org/
