The blockchain though a nascent technology has enjoyed overwhelming interests from various quarters in recent years. Hundreds of blockchain-based projects are emerging every day and raising development and/or growth funds from investors through initial coin offering (ICO). Cryptocurrencies are poised to drive the smart economy and evolve as the currency of the future. However, the digital asset space is still plagued by some challenges such as very low transaction speed, the dearth of liquidity, rising transaction charges, regulations, security and so on.
Asides security, the most important issue of concern to crypto investors is the dearth of liquidity between cryptocurrencies and fiat. There are currently limited selections of fiat exit available for investors. Most of the time, investors have to navigate multiple exchanges to convert cryptocurrencies to traditional fiat for real-world use. This difficulty has severally caused traders and investors to lose the profits made on day trades and investments. So there is a need for a platform that will seamlessly facilitate the exchange of fiat to cyptocurrencies and vice versa.
7 KEY REASONS WHY SPOTCOIN IS POISED FOR SUCCESS
Spotcoin, having observed the challenges investors face when they needed to exchange digital assets for fiat currencies, and having successfully provided this same service for investors, they have decided to scale up the business and its scope of services to a global operation. What are the attributes that make Spotcoin stand out? What are the success factors for the project and the initial coin offering?
- Spotcoin has proved over the years that it is capable of meeting the needs of investors as per fiat currencies and digital assets exchange. What started as a small service providing over-the-counter (OTC) fiat processing, managed and operated by four persons, has grown within the space of two years to a multimillion-dollar enterprise with more than 20 employees; the founding team has demonstrated its capabilities and expertise in business management. The team is made up of experienced professionals and backed by advisors from the banking sector and business world.
- Spotcoin OTC marketplace eliminates the challenges of moving digital assets to fiat. Spotcoin plans to support large volume trade matching by making various automated tools available for users. Over the years, Spotcoin has built trust and business relationships with different banks to facilitate high-value bank transfers.
- Spotcoin will offer its customers a weekly 51% dividend from exchange fees and another 12% quarterly dividend from Spotcoin’s net profit. These payouts are unprecedented in the exchange market.
- Spotcoin token (SPOT) is an NEO-based token. The Spotcoin exchange will list all NEP-5 tokens that comply with the City of Zion’s “Guidelines for Responsible Token Sales”, at no cost. Therefore the Spotcoin exchange is poised to be centralized exchange for all NEP-5 tokens which means traders will not have to navigate multiple exchanges to trade these tokens.
- Spotpay is a secure POS system solution that will facilitate in-store or retail use of digital currency. Merchants will be able to cash out received cryptocurrencies in their preferred currency instantly. Spotpay will definitely help push digital assets mainstream.
- Spotcoin has entered into a partnership with Georgian Mining Company to build an eco-friendly $3.25M mining facility powered by hydroelectricity. Georgia, asides raking as the second most popular bitcoin mining country, provides the conducive environment and technical support needed to effectively operate a mining center. Currently, Spotcoin runs a 1.1MW capacity facility but will be scaled to 25MW on full operation.
- Spotcoin’s Black Sea Blockchain Institute (BSBI) will help provide skilled professionals in blockchain technologies in the Black Sea Region. Sitting at the center of all these innovative features is the Spotcore engine. The Spotcoin engine will provide seamless integration of each component of the toolkit in the Spotcoin ecosystem.
SPOTCOIN ICO
Details about the initial coin offering for SPOT token are presented below
Taking a cursory look at the Spotcoin Initial coin offer reveals a commercial infrastructure bringing a value proposition to provide a solution for the legacy financial markets and emerging digital currency environment. It adds confidence to the disjointed landscape of fresh digital assets via swiftly providing multifarious transactions and matching instructions closer to the spot price than have been noticed by any other exchange.
The blockchain leveraged Spotcoin is bringing to fore the construction of a network around digital currency management, and building an interface that sanctions consumers to derive the full benefit of digital currencies.
Spotcoin is creating a comprehensive range of digital currency management toolkit. It will assume an instinctive borderline that enables admission to digital currency markets, over-the-counter trading, mining and Spotpay API permitting fast, cheap, seamless retail transactions employing digital currencies.
Ultimately for the Spotcoin toolkit, it is specially crafted from scratch to mitigate trade delays to a minimum and to flexibly address any future concerns as the digital currency market advances.
The developers conceptualized Spotcoin in such a way that it cultivates solid working interactions with regional governments, placing the company to launch its Blockchain Institute and business accelerator.
BASIC SPOTCOIN INFO:
Available :MVP
12 June 2018 - 14 June 2018: Pre-sale Time
Whitelist + KYC Whitelist/KYC:
Georgia: Country:
TOKEN INFORMATION
SPOT- Ticker:
NEO - Platform: NEP-5 -Token Type
66,000,000 SPOT - 67% - Available for sale
CONCLUSION:
Simply put, Spotcoin is the future of blockchain technology with a value proposition is top notch. Like I said earlier, Spotcoin has proved over the years that it is capable of meeting the needs of investors as per fiat currencies and digital assets exchange and this is huge in the blockchain space, coupled with an incentivized system makes it more attractive to investors.
THE TEAM:
I cannot end this piece without commending the conceptualizers of this platform for bringing something that will revolutionalize the blockchain ecosystem. With a vastly experienced team with pedigree cutting across the diverse field, this is indeed a novelty.
For more insight on the Spotcoin project, please click on the links below:
Website: https://www.spotcoin.com/
Youtube: https://www.youtube.com/channel/UCpNwYXK1JMJpaRBKyYqqDIQ
Instagram: https://www.instagram.com/spotcoin
Twitter: https://twitter.com/therealspotcoin
Bitcointalk: https://bitcointalk.org/index.php?topic=3173859.0
Github: https://github.com/realspotcoin/spotcontract
Medium: https://medium.com/spotcoin
Reddit: https://www.reddit.com/r/Spotcoin/
Writer: Jannyh
Email: obomanujanethart@gmail.com
Telegram username: @Janny4d