NEO, previously named AntShares, has quickly grown and now has one of the largest communities among its blockchain peers. Many developers are already developing dApps on the network and this interest is only expected to increase.
As NEO advances its scalability, the number of tokens based off the platform is likely to increase exponentially. That deems a need for NEO-centric exchanges; so, understandably, a number of such exchanges are on the way. However, as too many tokens may potentially surface, a possible threat surfaces: some tokens could face a severe lack of liquidity, especially since traders are likely to be spread across a vast number of exchanges.
Spotcoin wants to offer a service that goes beyond the standard exchange. Spotcoin’s underlying value is derived from the Spotcore, which is going to provide an automated exchange with the most advanced OTC market to provide a dual channel of liquidity. This is a first-ever venture to combine liquidity channels. Additionally, as mining remains the key origin of many coins, Spotcoin is further developing its existing mining facilities to offer a direct source-to-exchange coin flow for the first time.
Liquidity from All Ends
Each aspect of the Spotcore serves as a vital pillar in catapulting Spotcoin as the most prominent liquidity network.
The Exchange
Spotcoin's aim is to offer an exchange that is centered on a few specific legacy currencies, namely ETH, GAS, and NEO (plus SIB). This means that it won’t be able to cater to the largest menu of coins and tokens out there, and that's fine because this is not the project's mission. Instead, by having a focus on a particular menu of coins, Spotcoin can ensure the highest levels of liquidity by keeping funds from not being spread across too many channels.
OTC Market
Spotcoin's OTC Market has established links with necessary banks in its target region (Black Sea territory). The company has always cleared clients' transactions in the asserted time constraints. Now, the goal is to capture the largest stake of the OTC trades. To do so, Spotcoin is offering the benefit of security: clients will be given a secure dashboard platform with the most advanced security features; this bridges the security gap between OTC trades and centralized exchange trades. An added layer of comfort is guaranteed to clients seeking ultra-high volume trades as they will be provided a personal trade assistant.
Mining Flow
This is perhaps the most innovative, unprecedented, and possibly the most effective way to build liquidity. Spotcoin is completing a mega-mining plant powered through hydroelectric power.
The legacy coins that create pegs for the vast portion of tokens are the key to market-making for the vast portion of tokens. The key source of these coins at focus are mining camps. Spotcoin is internalizing the mining process and this will allow it to provide a direct flow of the major coins to the exchange and OTC market. The result is a lack of reliance on 3rd parties to do the market-making, thereby allowing Spotcoin to be the independent sustainer of its liquidity network.
Wrap-Up: Spotcoin is developing a singular product that incorporates all the key aspects necessary for successful, sustained liquidity. Spotcoin itself mines the major coins necessary for market-making on its own exchange and OTC market, and so the company correctly asserts itself as not an exchange, but a liquidity network.
Essential Spotcoin Links
🌐 Website: https://spotcoin.com
💡 Whitepaper: https://spotcoin.com/whitepaper.pdf
👨 ANN Thread: https://bitcointalk.org/index.php?topic=3173867.0
💻 Telegram: https://t.me/spotcointeam
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