Proof Of Loyalty — New Time-Based Rewards Program.

Introduction to Sparkle Loyalty

2 min readOct 6, 2020

Sparkle is one of the first loyalty-based smart contracts designed to reward all users within its ecosystem.

Sparkle lets your daily loyalty remove the randomization process from staking and allows all participants to receive rewards with confidence.

What is PoL

PoL (Proof Of Loyalty) operates similar to a traditional savings account in that it provides users with a consistent rate of return on their deposits that start at 15% annually.

Sparkle’s Proof Of Loyalty account act as a time-based rewards program that allows anyone to claim additional tokens for holding SPRKL every 24hrs without locking your tokens for extended periods of time.

Like starting any savings account, PoL users get to choose the rate in which they claim their rewards and also may choose to purchase a reward upgrade in the form of a reward bonus multiplier.

Advantages Over Staking Contracts on Ethreum

Guaranteed to generate a reward
**Based on deposit timestamp
Multi-tier rewards plan
Compounding daily interest
A reliable source of accuracy
No SPRKL lock times
Withdraw SPRKL whenever you choose
**All or nothing

Reward Structure

Minimum Deposit: 1,000 SPRKL
Maximum Deposit: 250,000 SPRKL
Maturity Period: 86400 seconds (~24h)
Standard Loyalty Rate: 15% APR

Reward Bonus Structure

Tier1: +10% Reward Bonus for 0.1 ETH
Tier2: +20% Reward Bonus for 0.2 ETH
Tier3: +30% Reward Bonus for 0.3 ETH

Current Wallet Compatibility

Please note we are currently working to provide better browser compatibility however early loyalty adopters can get starting using the following methods:

PC: Chrome Browser + Metamask Chrome Extention
Android: Trust Wallet or Metamask app
IoS: Metamask app

How to Get Started

Create an account on Sparkleloyalty.io
**Know Bug** encoding error with verification email when using Apple Mail, Please use another email provider when creating your account at sparkleloyalty.io
Approve amount to deposit
Deposit SPRKL (Minimum deposit amount of 1000 SPRKL)
Select bonus multiplier (Optional)
Wait for 24hrs
Claim daily reward
Repeat 5 & 6 until you wish to withdraw all your tokens

Product Disclaimer

Notice: By using Sparkle’s PoL program you acknowledge any potential risks and or the loss of tokens that may occur through the use of Sparkle’s loyalty platform.

By creating an account on Sparkleloyalty.io users agree to not hold Sparkle Mobile Inc. and all subsidiaries therein owned wholly or in part liable.