Sparrow (SPO) Exchange - ICO Review, Rating and Details of Sparrow ICO (Token Sale) - Rating: Not Rated

Sparrow Exchange is the world’s first peer-to-peer cryptocurrency options trading platform. A 24/7, secure and reliable platform for traders to control their risk, monetize their cryptocurrencies and utilize calibrated strategies for their specific needs.

Problems & Solutions

There are currently thousands of cryptocurrencies with a market capitalization exceeding $600 billion ( and that value is set to grow exponentially in the coming years. With about 200 new ICOs each week, it should be clear to anyone that Bitcoin is not the only game in town. There is a huge addressable market that needs help and this is just the start of a massive explosion of growth. There is a lot of room for hedge funds, big institutions and small investors to participate in this revolutionary market.

However, the current trading environment makes it extremely risky and costly to achieve consistent returns. Despite the market size and growth prospects, the existing trading tools and instruments for hedging and risk management are primitive when compared to traditional markets.

Sparrow will be the world’s leading cryptocurrency options platform that is truly peer-to-peer. Anyone can buy or create an option in just a few clicks. Sparrow will provide an amazing user experience with simplified tools that a normal person can use, backed by industry-leading security and infrastructure, and a pricing engine driven by machine learning to provide each user with the best price every time.

Features & Highlights

  • Sparrow Options: Sparrow Options are a simple way for anyone to protect their cryptocurrencies or monetize them. Sparrow plans to simplify the option selection and creation process by branding them according to their use case. A trader simply needs to pick between TradePROTECT (buy an option) or TradeBOOST (sell an option) and its proprietary Nest System will price the options and match the parties. 

  • ConvertNOW: ConvertNOW is an instantaneous cryptocurrency conversion facility. Sparrow plans to offer traders a quick and simple facility to purchase Sparrow Tokens using supported cryptocurrencies.

  • The Nest System: It is made up of two parts: the Options Pricing Engine which will automatically price the options and list them, and the Matching Engine which matches traders based on risk appetites.

    • Options Pricing Engine: The Options Pricing Engine uses machine learning to learn from each trade intent and price risk across the Nest system. The team has years of experience in deploying machine learning to deal with a wide range of market conditions. This is an essential part of the Nest System and Sparrow will invest heavily to continuously improve its machine learning capabilities.

    • Matching Engine: The Matching Engine uses a proprietary algorithm to match traders based on their risk appetites and pricing generated from the Options Pricing Engine. Upon a successful match, the Smart Contract will take over the transaction and facilitate the option trade.

Token Allocation

"ICO Issuance","Advisors","Founders & Employees","Reserve Pool","Marketing & Strategic Partnership" {"name": "ICO Issuance","value": 30},{"name": "Advisors","value": 12},{"name": "Founders & Employees","value": 15},{"name": "Reserve Pool","value": 20},{"name": "Marketing & Strategic Partnership","value": 23}

Token Utility & Use Cases

Sparrow Tokens will be required to pay for transaction fees, withdrawal fees, and platform listing fees. Incentives and rebates will be paid in Sparrow Tokens.

Roadmap & Updates

  • 2018 Q1

    • Registration of Interest

  • 2018 Q2

    • ICO Issuance

  • 2018 Q3

    • Sparrow Options BETA

  • 2018 Q4

    • Sparrow Options Launch

Team Members

  • Kenneth Yeo, Chief Executive Officer. Kenneth has 8 years of professional experience as a proprietary trader in derivatives and was formerly one of Singapore's top professional gamers. Linkedin.

  • Adrian Tan, Chief Investment Officer. Adrian has 9 years of professional experience as a proprietary trader and derivative instrument structuring. Linkedin.

  • Reuben Conceicao, Chief Strategy Officer. Reuben has a decade of experience in growing startups, corporate training, and corporate communications, helping organizations engage with a rapidly changing world. He believes in building teams using diversity as a strength to face unforeseen challenges, with the moral courage to do the right thing and be fearless in the face of adversity. Linkedin.

  • Toh Ghim, Chief Operating Officer. Toh has 8 years of experience of leading and successfully completing technology development projects in various countries across Asia such as China, Taiwan, Philippines and Thailand. Linkedin.

  • Liu Li, Chief Technology Officer. Liu Li has 9 years of experience in network infrastructure and security, supporting business operations with reliable and secure technology solutions, financial and capacity planning, business requirement gathering, procurement, service rollout and vendor management. Linkedin.

  • Eddie Lee, Chief People Officer. Mr Eddie Lee is a seasoned transformational strategist. He has a wide spectrum of human resources experience, both in the private and public sectors. Linkedin.

  • U-Zyn Chua, Blockchain Architect. U-Zyn has been highly passionate about decentralization, blockchain, cryptocurrency and security since 2010. He started one of the first Bitcoin exchanges (Dgtmkt) in Asia (2011). He was one of the earliest team members at TenX, playing a key role in its token sale and blockchain integration. He became the first Singapore Smart Nation Fellow under GovTech, working on a decentralized procurement system for smart homes and offices. Linkedin.

  • Eddie Yeo, Chief Design Officer. Eddie has 10 years of design experience, with an unyielding focus on simplicity, clarity and an approachable design language to help clients have better conversations with their customers. Linkedin.

  • John Ng Pangilinan, Senior Advisor. John is the founder of Signum Capital, an investment vehicle specialized in ICOs and blockchain related investments. He holds advisor roles in Kyber. Network, Republic Protocol, Sentinel Protocol, and is a founding member of the Aelf Innovation Alliance. Linkedin.

  • Kenrick Drijkoningen, Venture Capital Advisor. Head of Growth of Golden Gate Ventures. Super passionate about all things connected with digital marketing, startups, growth and tech, Kenrick has managed multi-million dollar ad spends across e-commerce, travel and mobile gaming with over 10 years experience in South East Asia. Expertise in digital and performance marketing, team leadership and partner management. He is an angel investor in 3 mobile gaming studios and is actively participating in the Blockchain space. Linkedin.

  • Alex Capri, Global Operations Advisor. Alex Capri works with the world's thought leaders in business, public policy and civil society. He is known for his expertise in Asian geopolitics, international trade and emerging markets, and for his insights on technology disruption and the digital economy. Linkedin.

  • Charles Kok, Corporate Development Advisor. Charles has extensive experience leading and managing private equity investments in China and Southeast Asia. Currently, as an investment director at UOB Venture Management, a bank-backed private equity fund in Singapore, he has managed deal sourcing, execution, monitoring and exit in China, Thailand and Singapore. Linkedin.

  • Lim Yew Yang, Advisor, Director of Omega Proprietary Trading. Yew Yang has over 20 years of experience in professional trading in large institutions and now runs his own proprietary trading firm. Linkedin.

  • Darius Sit, Trading Advisor, Darius is Managing Partner at QCP Capital, a crypto-focused trading firm based in Singapore. He started his career as a Macro Trader at Dymon Asia Capital, one of Asia’s leading hedge funds. In his four years at Dymon, he traded cross-asset derivatives with a focus on Asian FX/NDFs and model-based strategies. He was most recently at BNP Paribas managing the Asia FX & Bonds book out of New York, Sao Paulo and Singapore. Linkedin.

  • Joel Ng, ICO Strategy Advisor. As the current Blockchain Venture Partner of Yozma Group, Joel Ng is experienced in investment origination and project management of Token Generation Events. Linkedin.

  • Ridzuan Ashim, Advisor. Ridz has been involved in software development since 2002 dabbling in web and native mobile development before entering blockchain development in 2015. Linkedin.

  • Wong Zi Yang, Marketing Advisor. Zi Yang is the CEO of community management and advisory firm Blockfolks. With strong experience building organic community interest, he provides Sparrow with an authentic approach on how to get their platform to market successfully. He has worked on various high profile and successful projects such as Appcoins, Sentinel Chain and recently Airbloc Protocol. Linkedin.

  • Lara Magno Lai, Education Advisor. Lara has over 10 years of experience in the field of new media education and has been at the forefront of many high profile initiatives that leverage on technology to enhance the learning process for Ministries of Education in Singapore and the region. Linkedin.

  • Dean Loh, Business Development Advisor. Dean has 15 years of retail experience across multiple operating formats, playing a leadership role in international organizations such as 7-Eleven and Marks & Spencer. Linkedin.

  • Kenneth Koo, Human Resources Advisor. Kenneth has more than 10 years of experience in Recruitment / Executive Search, recruiting for Mid to Senior Management roles. He is currently the Business Operations Director for Asia ex Japan for Spring Professional, which is a wholly owned subsidiary of the Adecco Group which is the world’s leading provider of HR solutions - The Adecco Group is a Fortune 500 company. Linkedin.

Partnership Overview

  • Signum Capital - They are a Singapore-based firm that exclusively consults in Blockchain-enabled companies. Their mission is to realize the future of Blockchain economy by consulting in game changing projects and companies. They participate in Pre-sale stages of Token Generation Events and Equity investments.

  • HyperChain Capital - One of the first in the world, HyperChain is a digital assets management company focused on Blockchain based projects and decentralized protocols.

  • Kyber Network - Kyber is an on-chain liquidity protocol that aggregates liquidity from a wide range of reserves, powering instant and secure token exchange in any decentralized application.

  • Lunar Ventures - Lunar Ventures invests in cryptocurrencies and blockchain companies.

  • Arrington XRP Capital - Arrington XRP Capital is a digital asset management firm in blockchain-based capital markets.

  • TCM - TCM is an investment management firm focused on delivering alpha across a range of strategies that are aligned to the growth occurring in digital assets.

  • Du Capital - Du Capital is a Singapore-based multi-stage investment firm concentrated on backing companies that venture in the distributed ledger technologies, crypto assets, and the surrounding ecosystem. They have funded a number of top-notch blockchain projects, to which Du Capital has become strategic partner, leveraging their insights, industry resources, and global network.

  • Acropolis Capital - Acropolis is a global professional capital incorporated in Singapore, it is the sub capital of Du, playing an important role of Du Capital's eco system, and mainly focus on ICO projects investment.

  • QCP Capital - QCP Capital is an innovative firm leading the charge in Digital Asset Trading in Asia. Strategically headquartered in Singapore, and leveraging on their global network, they maximize emerging opportunities in the Digital Asset market.

  • 256 Ventures - 256 Ventures is a global cryptocurrency fund, investing in and managing a portfolio of diversified digital assets.

  • Gleeger - Gleeger is a Video Production, Branding Design agency in Singapore & Indonesia.

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