Exciting Updates on $SPARKLET: Airdrop Chapter 2 and White Paper Revisions
We are thrilled to share some exciting news about $SPARKLET! There are two major updates we want to highlight: the launch of Chapter 2 in our Airdrop series as well as revisions to the $SPARKLET White Paper.
Airdrop Chapter 2
The next chapter in our Airdrop series is just around the corner! As soon as it goes live, simply visit the airdrop website, link your Twitter account, and complete tweet missions to earn points. We’ll announce the launch on our official channels, so players will want to pay attention, so they don’t miss out!
With Chapter 2, we’re making some changes to ensure a fair and engaging experience for everyone.
Exciting New Multiplier Calculation
Your multiplier is now determined by the number of impressions you generate. Each week, we’ll assess all the quote missions you engage in to calculate your new multiplier.
Weekly Refresh
Your multiplier resets every week, offering you a fresh start and a new chance to earn a higher multiplier based on your efforts. Aim high and boost your multiplier week by week!
New Notification System
For chapter 2 you will receive email notifications whenever a new post is available. This ensures you never miss an opportunity to participate and maximize your points.
New Mission Actions
This chapter introduces a variety of mission combinations. Look out for like missions, quote missions, reply missions, repost missions, and even all-action missions!
New Badges
Collect brand-new badges in this chapter! Show off your achievements and catch them all!
History Multipliers
Easily check your weekly multiplier and score on a brand-new page. Track your progress and strive for better results each week!
Stay tuned to our announcements and official Upland channels to jump in as soon as Chapter 2 goes live.
$SPARKLET White Paper Updates
We’ve made several important updates to the $SPARKLET white paper to better align with our goals and provide clarity.
Adjusting Spark to $SPARKLET
Following the decision to unify the use of the $SPARKLET denomination both inside and outside of Upland, we’ve updated the white paper to only address $SPARKLET in order to avoid unnecessary confusion for potential new players.
Added Launch Campaigns Pool
This new allocation at 2% of token supply will be used to promote the launch of $SPARKLET with existing and future partner Centralized Exchanges as well as the Chapter 2 airdrop.
Development & Growth Allocation Reduction
The Development & Growth (previously Upland Treasury) allocation has been reduced from 40.3% to 31% of fully diluted token supply.
Existing Owners Increase
The Existing Owners allocation has been increased to 14%. Approximately 7.55% is accounted for $SPARKLET currently owned by Uplanders (up from 5.7% in the previous version of the white paper).
The rest will be airdropped to the existing token owners according to different criteria including token purchasers and engaged Upland players.
Those who previously purchased $SPARKLET in Upland will be the first to receive their allocation of the airdrop. Additionally, in-game $SPARKLET earners, such as those who earned from treasure hunting, attended Genesis LIVE, and other activities prior to the TGE will be rewarded periodically over the next several seasons. Players will need to hold and use their $SPARKLET in Upland and stay active and engaged to receive the airdrop. Stay tuned for more details.
The expansion of this allocation will mean that Upland players will hold >63% of the initial circulation supply of $SPARKLET tokens.
Updated Vesting Schedules and Compression Milestones
Following the advice of our numerous token launch partners over the past months, we’ve addressed concerns about potential liquidity problems and the delaying of token injection into the economy and have reduced the amount of default vesting schedules for the Development & Growth and Incentive & Rewards pools.
As a result, the compression milestones have been adjusted accordingly.
Read all the updates in the $SPARKLET White Paper Here.
Get ready!
We believe these updates will enhance your $SPARKLET experience and provide greater opportunities for everyone involved.
Stay tuned for more announcements and be ready to dive into the new chapter of $SPARKLET!
