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If you are interested in this, it seems that you must have some ideas about fiat or crypto currencies. If not, you should do some homeworks to find out more about them. There are thousands of articles which will tell what they are. You can seek for some keywords like BTC, ETH or ICO. You can understand the concept of blockchain at: https://en.wikipedia.org/wiki/Blockchain (https://en.wikipedia.org/wiki/Blockchain).
Okay, if you have already done your homework, I can now tell you why I am writing this newspaper. In this era of technology development, ICO market is similar to the Wild West during the time of gold rush. If you know the way, earning good money is not some difficult, but you have to find a good-enough project to go for. Here is one among the interesting projects which I am really excited to share with you: Spotcoin.
What is Spotcoin?
Spotcoin is developing a complete digital asset management toolkit. One intuitive interface that will provide access to digital asset markets, over-the-counter trading (OTC), mining and payments. Spotpay allows for fast, cheap, convenient retail transactions using digital assets. Spotcoin supports new distributed ledger technologies by investing in promising startups and training the blockchain workforce of tomorrow through its innovative Blockchain Institute and Accelerator Program. The Spotcoin community will have access to the valuable insights gained through creating a smarter economy.
Spotcoin’s solutions
- The OTC Marketplace
Their over-the-counter solution enables them to be a worldwide clearinghouse that makes the movement of cryptocurrencies to fiat currencies easy, cheap and fast. Spotcoin will incorporate the OTC feature as part of the development of their complete digital asset management toolkit. - Digital Exchange
Spotcoin is building a digital asset exchange. Originally, they will be able to create trading pairs between global and regional fiat currencies and cryptocurrencies. Their initial cryptocurrencies for such pairs will be BTC, ETH, GAS and SIB. The simple interface between their mining operation, the Spotpay platform, the mining operation and the OTC marketplace will provide simple liquidity that will allow for fast, cheap payments. - Spotpay
Spotpay is a secure digital payment system that will have a widget, appropriate APIs and app-based users’ digital wallets that will allow for instant low-cost and secure OTC transactions. Spotpay will integrate with Spotcore to enable instantaneous transactions with desired fiat conversions at the current crypto-to-fiat rates. - Mining
Through a partnership with the Georgian Mining Company, Spotcoin has designed and initiated an environmentally friendly mining facility. They intend to use the facility to host 2,250 GPU miners and reserve the capacity for an additional 9,000 more for clients. - The BSBI
Spotcoin will initially concentrate its efforts in the Black Seas region. As such, in addition to providing crypto to fiat pairs for the Euro and the USD, they will initially work with currencies in that region, from countries like Georgia, Turkey, Armenia, Russia, Ukraine, Bulgaria and Moldova.
A review about Spotcoin
Spotcoin is among the projects that I have found potential in this blockchain era. Below are some reasons why I am telling this:
- Spotcoin is in good partnerships to grow:
To provide trusted liquidity, Spotcoin is in partnerships with banks all over Europe to provide liquidity through tested know your customer (KYC) and anti-money laundering (AML) lines.
- Spotcoin has a strong team:
The team of Spotcoin consists of probably the strongest tech members who have many years experiencing in blockchain industry. Coupled with experienced advisors, the team is perfectly prepared to deliver an impeccable product to the global market. Spotcoin was created mainly Georgian blockchain experts. The two co-founders of the company are Andrew Thornhill and Guram Rukhadze, which created a partnership to make Spotcoin a reality. Timothy Gick acts as the Chief Executive Officer (CEO), Sean Mulcahey is the Chief Strategy Officer (CSO).
- Spotcoin has been doing good with social media platforms
Spotcoin aims at gaining popularity via social media channels and bounty programs. They have around 12,000 members in their Telegram group, which is an impressive number. You can be a part of their groups in order to be updated with the lastet information by clicking here:
- Facebook: Spotcoin (https://www.facebook.com/spotcoin/)
- Twitter: Spotcoin (@therealspotcoin) | Twitter (https://twitter.com/therealspotcoin)
- Spotcoin has the well-built documentations
The detailed 34-page whitepaper of Spotcoin in English is available at: https://www.spotcoin.com/whitepaper.pdf (https://www.spotcoin.com/whitepaper.pdf)
It contains the information about the project and the ICO. This white paper is very nicely-designed and the information is illustrated in details. This has illustrated the great effort that the team has been put in this project.
Besides the good whitepaper, the website is also very detailed, contains all necessary graphics and information. The website is designed in an innovation way which also gives the links to social media pages and documents.
Tokens detail
The type of token being used for Spotcoin is a NEO based token. NEO tokens are growing in popularity when compared to the most common ERC20 ethereum token. The NEO platform offers great functionality and will work great for Spotcoin's uses
Total token supply is only 99 million tokens, and token holders will be able to receive dividend payments. Tokens price will be $0.50 per token. Token distribution is currently scheduled for mid July, 2018. . 51% of the trading fees from the digital exchange will be paid to token holders along with twelve percent of net profit from the mining, Spotpay, and OTC businesses
In conclusion
Spotcoin’s concept can be easily understood by everyone. Due to the demand, Spotcoin helps to contribute to digital asset management.
There is no reason to hesitate to become a part of Spotcoin. Let’s participate in this project as soon as possible because the sooner you support the project by buying its tokens, the better price you mаy expect аlong with higher bonuses. So far, the project looks promising according to my analysis.
Please:
If you found this article helpful or you just simply appreciate the information I have curated and the analysis I have provided, please support me by liking and sharing this article. You can also follow me to stay updated with the most remarkable ICOs coming in the next articles.
More importantly, if you find this project valuable or interesting as I do, please support it via the social media channels which I have given the links below.
Interested readers can take a closer look at the following links:
Website: https://www.spotcoin.com/
Whitepaper: https://www.spotcoin.com/whitepaper.pdf
Author: Tram Nguyen
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile&u=1417448
Contact: [email protected]
Telegram: @joseph_ive
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