Take Control.
Trade Confidently.

We provide the simplest way for you to control your risk on cryptocurrencies. Never lose another night’s sleep because of a flash crash. We will put the power back into your hands. Be a part of this project that will change the face of
crypto-trading forever.

Whitepaper
Litepaper

PRE-SALE

COMING SOON

Do You Think Trading Crypto Is Stressful?

Counterparty Risk

You worry that the other guy
can't pay up.

Blunt Tools

It is so hard to find hedging tools that perfectly meet your needs.

High Volatility

You worry about getting slammed so much that you cannot even sleep.

Sparrow Options

gives you unparalleled control

Fully Customizable
Controlled Risk
No Counterparty Risk
Sparrow Options Futures Margin Trading
Controlled Risk
No Margin Call / Liquidations
Customised Contracts
No Interest & Rate Risk
No Stop Hunting Risk
Instant Premium
Capable of Complex Strategies Limited

Simple To Use

Who Should
Use Sparrow
Options?

  • Miners
  • Investors in ICOs
  • Merchants accepting
    crypto payments
  • Companies raising
    funds by ICO
  • Crypto Funds
  • Traders who want better
    risk-adjusted returns

FLASH CRASH &
STOP-LOSS HUNTERS

Remember the 99% Ethereum flash crash on June 2017, plummeting from $320
to around 10 cents? Numerous stop loss orders and margin funding liquidations
were triggered with thousands of traders losing a lot of money. While we are not
sure whether the crash is due to market manipulation or a fat finger by a rogue
trader, what we offer are risk management tools to hedge against such
catastrophic events.

A TOOL TO STOP THE STOP-LOSS HUNTERS

Instead of placing a stop market order, Jimmy can buy TradePROTECT (a put option) to protect his existing profitable position.

With TradePROTECT in place, a stop order is no longer necessary, as TradePROTECT gives Jimmy the right to
sell ETH at $310 on the date of expiration.

By replacing the stop with TradePROTECT as a risk management tool, Jimmy has protected his position against a major plunge in the price of ETH. When ETH price falls, the TradePROTECT value will go up,
locking in Jimmy’s profit.

In this case, a flash crash or a prolonged drop in Ether will NOT significantly affect Jimmy’s profit. He can have peace of mind knowing that his downside is protected.

MONETIZE YOUR CRYPTOCURRENCY ASSETS

Jenny Wynmoore is holding 10 Ethers (ETH). She believes in the long-term potential of Ethereum, but her analysis tells her that Bitcoin (BTC) may rise against Ether in the short-term.

Jenny hopes to do more with her ETH instead of just holding on to it. What
can she do?

She can use TradeBOOST to sell an option for 10 ETH which gives the buyer the right (but not the obligation) to buy 10 ETH at a specific price at the expiration date, at the fixed cost of a non-refundable premium.

The buyer of Jenny’s option will pay her
a premium on the day the option is
sold. It is Jenny’s money to keep, regardless of whether the option is exercised.

In return, for the premium, Jenny’s 10 ETH will be pledged into a TradeBOOST Smart Contract until the expiration of the option. This reassures the buyer that Jenny has the underlying asset to fulfil her obligation if the option is exercised. This eliminates counterparty risk.

Upon the expiry of the TradeBOOST, if BTC rises against ETH or the price stays relatively the same, the Smart Contract will return the ETH to Jenny.

Jenny will receive income from the premium while still
retaining possession of her ETH.

Jenny can repeat this process
indefinitely, potentially earning more income from ETH.

Like any tool, there is an appropriate time and place to sell an options, and other times where it’s not an ideal tactic. TradeBOOST provides traders a way to monetize their cryptocurrency assets during a downtrend or range-bound market. It also works well when trader believes that price has limited upside potential in the short-term.

SPARROW
TOKENOMICS

Sparrow Token (SPX) is an ERC-20 utility token that enables holders to use various functions within the Sparrow Exchange platform. All fees are payable in SPX.

Transaction Fees

We will charge 0.1% in transaction fees on the notional value of
each options contract.

Withdrawal Fees

We may charge a small
fee for withdrawals.

Platform Listing Fees

We may charge a small
fee for performing due
diligence & onboarding of
new cryptocurrencies on
our platform.

Licensing Fees

We may charge a small licensing fee for parties who wish to use our technology
to offer options on their platform, using our API, Options Pricing Engine or Matching Engine.

Incentives & Rebates

We may offer volume-based incentives & rebates to active traders & liquidity providers to our platform.

TOKEN SALE SCHEDULE

Hard Cap

$7 million USD


Accepted Currencies :

ETH only

Minimum Contribution :

$10,000

Bonus Token :

30% of contribution

Hard Cap

$5 million USD


Accepted Currencies :

ETH only

Minimum Contribution :

50 ETH

Bonus Token :

15% of Contribution

Hard Cap

$6.8 million USD


Accepted Currencies :

ETH only

Minimum Contribution :

1 ETH

Bonus Token :

None

USE OF PROCEEDS

The proceeds from ICO will be used to develop the Nest System and the supporting technology that is required to provide the stability, speed, security and accessibility for a world-class options platform.

SUMMARY

Token Name

Sparrow Token


Standard

ERC-20

Accepted Currencies

ETH only


Hard Cap

USD 18.8 M

Decimals

18


Token Supply

1.4 billion

ALLOCATION

TEAM & ADVISORS

Kenneth Yeo

Chief Executive Officer
Team

Kenneth has 7 years of professional experience as a proprietary trader in derivatives and was formerly one of Singapore's top professional gamers.

Adrian Tan

Chief Investment Officer
Team

Adrian has 8 years of professional experience as a proprietary trader and derivative instrument structuring.

Reuben Conceicao

Chief Strategy Officer
Team

Reuben has a decade of experience in growing startups, corporate training, and corporate communications, helping organizations engage with...

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Toh Ghim

Chief Operating Officer
Team

Toh has 8 years of experience of leading and successfully completing technology development projects in various countries across Asia such as China, Taiwan, Philippines...

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Liu Li

Chief Technology Officer
Team

Liu Li has 9 years of experience in network infrastructure and security, supporting business operations with reliable and secure technology solutions, financial...

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Eddie Lee

Chief People Officer
Team

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

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U-Zyn Chua

Blockchain Architect
Team

U-Zyn has been highly passionate about decentralization, blockchain, cryptocurrency and security since 2010. He started one of the first Bitcoin exchanges...

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Chik Soon Nean

Chief Data Scientist
Team

Chik has 5 years of experience in data analytics and data science, focusing on data-driven solutions that help companies achieve transformative performance...

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Eddie Yeo

Chief Design Officer
Team

Eddie has 10 years of design experience, with an unyielding focus on simplicity, clarity and an approachable design language to help clients have...

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John Ng Pangilinan

Partner of Signum Capital
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...

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Subramaniam Iyer

CEO of Point Hope
Senior Advisor

Subra embarked on an entrepreneurial journey after a 21-year career with PwC. He started and led the Transactions division that focused on financial, tax...

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Gerald Leong

CIO of Point Hope
Senior Advisor

Gerald Leong help pioneered Leveraged Buyouts in Asia under UBS during the Asian Financial Crisis before founding Singapore’s first independent buyout fund...

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Kenrick Drijkoningen

Head of Growth of Golden Gate Ventures
Venture Capital Advisor

Super passionate about all things connected with digital marketing, startups, growth and tech, Kenrick has managed multi-million dollar ad spends across e-commerce, ...

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Alex Capri

Senior Fellow and Lecturer of National University of Singapore
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 ...

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Charles Kok

Associate director of private equity
UOB Venture Management
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...

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Lim Yew Yang

Director of Omega Proprietary Trading
Trading Operations Advisor

Yew Yang has over 20 years of experience in professional trading in large institutions and now runs his own proprietary trading firm.

Darius Sit

Managing Partner of
QCP Capital
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...

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Joel Ng

Blockchain Venture Partner of Yozma Group
ICO Strategy Advisor

As the current Blockchain Venture Partner of Yozma Group, Joel Ng is experienced in investment origination and project management of...

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Ridzuan Ashim

CTO of XSQ Pte Ltd
Technology Advisor

Ridz has been involved in software development since 2002 dabbling in web and native mobile development before entering blockchain development in 2015.

Wong Zi Yang

CEO of Blockfolks
Marketing Advisor

Zi Yang is the CEO of community management and advisory firm Blockfolks. With strong experience building organic community interest, he provides Sparrow...

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Lara Magno Lai

CEO of VEEV Interactive
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...

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Dean Loh

Brand Partner of Bloom
Concept Pte Ltd
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...

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Kenneth Koo

Business Operations Director of Asia ex Japan, Spring Professional
(Adecco Group)
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...

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OUR PARTNERS

MISSION
To be the world’s leading cryptocurrency options platform.
VISION
Give the world the confidence
to trade anything.

CORE
VALUES

COLLABORATE

We believe in the power of collaboration, working with industry partners, exchanges, and regulators to serve the needs of cryptocurrency participants.

EMPOWER

We seek to empower anyone to trade confidently and consistently by building platforms and tools that give them simplicity and security.

RESPECT

We treat everyone the way we want to be treated in all our dealings.

RESPONSIBLE

We believe in taking responsibility for our actions, and having the conviction and moral courage to do the right thing always.