Overview
Spotcoin is a financial platform which was built to make a bridge between digital asset ecosystems and financial markets. It is a new virtual currency exchange that you’ll be able to find on the market soon. Recently it is developing a fully virtual asset management toolkit. The platform has an OTC (Over the Counter - which was made in Nov 2016) marketplace that gives some liquidity between crypto and fiat currency so that you can exchange them both in a fast and simple way. This is a Single intuitive interface that offers you trading, payments, and mining operations. This will provide a protected payment widget, an API and app-based digital wallets that will offer consumers with speedy, low-cost, and secure point of sale transactions. Also, this will enable clients to take the full advantages of digital assets. The goal of the Spotcoin is to capture $1M per month of expected $100M of already existing retail digital marketplace by quarter 4 of 2020.
They have selected NEO
The token will be launched based on the NEO system and will stick to NEP-5 standards. Especially it has selected NEO platform as it is an open source community and trusted Blockchain system that gives distributed network intelligent economy which is perfectly matched with Spotcoin's vision.
Team
The team is a key factor for the success of any project. Spotcoin has been made by Georgian block-chain professionals. All the Co-founders has made a tremendous contribution to make the Spot-coin platform reality. The actual photos and LinkedIn accounts of the members tell us that they are real people because many scam projects refuse to show off their members. The last conclusion is the project has a strong and highly qualified team.
ICO and Token details
Unlike almost all other ICO, the public and the private sale of Spotcoin will be at the same time. Also, you better to keep in mind that they have a KYC process as they are against the money laundering. Also, it is advised that the people in China, USA, South Korea cannot take part in the ICO of Spotcoin. All the tokens that are unsold during the token sale will be destroyed.
• Token: SPOT
• Platform: NEO
• Token Price: 1 SPOT = 0.5 USD
• Pre ICO Price: 1 SPOT = 0.25 USD
• Accepting: NEO, BTC, GAS, ETH, SIB, Fiat
• Min contribution: 50 SPOT tokens
• Soft-cap: 5,000,000 USD
• Hard-cap: 30,000,000 USD
Token distribution details
Marketing - 6%
Team - 8%
Treasury - 19%
Token Sale - 67%
All the amount gathered from the token sale will be distributed as follows
Technical Development - 40%
Marketing - 25%
Administrative & Accounting - 20%
Legal - 15%
Community and media
It is vital to have a wide open supportive community for being successful of any project nowadays. In telegram channel, there are more than 13K members and currently, over 2.5K members are following their official Twitter page. They keep updating their social media pages regularly. That’s a very good positive sign about the project. At the end of this article, you will able to find all the links to their related websites and media pages and channels.
Conclusion
The platform is based on NEO platform and will adhere to NEP-5 standard. The Spotcoin platform will offer token holders highest dividends in the market. The developers of this project have understood that decentralization is the future. The selling price of the token is only 0.50 dollars and with features of the platform, in the future, it is expected that the price of the token will go high. By considering all the above details this is an ICO that all the investors should pay their attention.
Important links
Website: https://spotcoin.com/
Whitepaper: https://www.spotcoin.com/whitepaper.pdf
Twitter: https://twitter.com/therealspotcoin
Facebook: https://www.facebook.com/spotcoin/
Telegram: https://t.me/spotcointeam
Details of the Author
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1690614
Telegram: @jayezine