Spotcoin is basically an economic platform that is designed to fill the gap between emerging digital asset ecosystems and legal financial markets. With the help of Spotcoin complex transactions are handled transparently and quickly while removing market inefficiencies and matching orders. The main objective of Spotcoin is to develop management tools and also to develop an interface that allows the users to derive the full potential of the smart economy.
Spotcore is basically a process mapping system that consists of fiat exchanges, automatic checks on wallet balances and trade matching.
What is Spotpay?
Spotpay is the innovative payment system that is developed by the Spotcoin. The key aspect of this particular payment system is ‘simple liquidity’. Spotpay provides a secure payment tool, app-based digital wallets and an API that will offer the consumers with low-cost, fast and secure point of sale transactions.
Problems and Solutions offered by Spotcoin
The financial market is currently facing with a lot of difficulties because of high fees for trading. Not only that, but there are other serious problems as well such as the lack and limited liquidity in the financial sectors.
Like for example, a trader in order to obtain liquidity he/she has to pay the attendant a big amount in order to execute the trade. Thus, execution of trades is very big challenge in the financial market. The financial sector also faces the problem of connecting a large number of traders together who can participate in the trading of digital assets.
In the hope of dealing with these problems, Spotcoin has come up with the following solutions:
Spotcoin has the potential to deal with the problem of digital assets by matching large numbers of traders.
With the help of Spotcoin Ambassador, it has been able to even solve the problem of non-responsive customer service which tends to affect the OTC marketplace.
Spotcoin aims to provide a digitalised OTC marketplace solution so that the problem of connecting the traders can be dealt with.
In addition, Spotcoin also offers a trusted intermediary solution that is designed to deal with the problem of the lack of proven brokers.
In short, Spotcoin is trying to provide a completely digital asset management solution for the financial markets.
Unique Features of Spotcoin
Here are the main features of Spotcoin:
▪It promotes large volume trade matching in the financial sector.
▪It provides a T + 1 standard for all transactions.
▪It acts as both escrow service and a trading intermediary.
Future of Spotcoin
In the future it is expected that Spotcore will be integrated in each of the component of Spotcoin’s toolkit. The digital asset to fiat exchange has been designed to make the users have a fluid movement between mining operations, OTC market place, Spotpay payment system and digital exchange as well.
Token Economics
Here are the details of the token economics:
Maximum token supply: 99,000,000 SPOT
Standard: NEO NEP-5 Token
Minimum Purchase: 50 SPOT
Maximum purchase: 1,000,000 SPOT
Token Use: Dividend token
Unsold token: Burned
Thus, from the above discussion it can be concluded that Spotcoin has indeed come up at the right time when the financial markets actually needs to be digitalised and made transparent. Not to forget but also to increase the efficiency of the financial markets.
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