Exchange tokens have blown up all over the crypto market. BNB, KCS, and others have provided HUGE returns in short periods of time and even maintain their price during a bearish market. Now, imagine a practical solution to the adoption of cryptocurrency that includes a regional exchange, an institution, a global exchange, and a mining operation with some of the cheapest energy in the world. Now, add NEO to power the project along with revenue sharing from the company's fees and mining profits. You've got Spotcoin!
Meet Spotcoin
Spotcoin is a project that aims to connect fiat currencies to cryptocurrencies in the real world while providing simple liquidity for the community. Spotcoin is developing a complete tool kit for the purpose of managing cryptocurrencies and digital assets. Through an online portal, Spotcoin will allow for its intuitive interface to provide access to a digital asset marketplace, over-the-counter trading (OTC), mining, and a payment system. The digital asset marketplace will be built on NEO, as opposed to ETH, to better themselves in the long run and for the smart economy.
Spotcoin allows for every day people, who may not be familiar with cryptocurrencies, make fast, easy, and cheap transactions using digital assets. Through partnering and communicating with local governments, Spotcoin is in the position to launch a blockchain institution for local usage. The Black Sea Blockchain Institute will provide training, research, and guidance for entrepreneurs in blockchain technology.
Spotcoin Features
OTC Marketplace
Over the counter trading, or "OTC" is trading that happens from a dealer network, rather than a centralized exchange. Instead of trades happening through other known parties, the trades only happen through Spotcoin's network. OTC trading and regular crypto trading is practically the same experience for the investor. Through relationships with many European banks, Spotcoin is available to increase the liquidity and free limitations on deposits and withdraws.
Through the development of automation tools from the Spotcoin team, the OTC marketplace will be able to easily scale. The team is constantly working on the user's interface to allow fast and secure automated deposits and withdraws.
Become a Spotcoin ambassador by trading $1m worth of currencies per month. A special guide and personalized service is provided for each and every trade. I doubt anyone will become a Spotcoin ambassador while reading this, nor will I probably, but there are many traders out there that will and Spotcoin will benefit them!
A Digital Exchange
Spotcoin is building a digital exchange that will allow for many regional investors in the Black Sea Region to take advantage of investing in digital assets. Spotcoin's exchange will support the following regional fiat currencies: Georgian Lari (GEL), Ukrainian Hryvnia (UAH), Romanian Lei (RON), Moldovan Leu (MDL), Russian Rubles (RUB), Bulgarian Leva (BGN), Turkish Lira (TRY), Armenian Dram (AMD) as well as Euros (EUR) and US Dollars (USD). By providing support with all of these currencies and different languages, Spotcoin will easily be there number one exchange in the Black Sea Region and possibly global.
Simple trading will be the focus of the exchange. GAS, ETH, BTC, and SIB will be used as trading pairs to begin with. All listings will be paired with these four cryptocurrencies from the start. All NEP-5 tokens that adhere to the City of Zion’s “Guidelines for Responsible Token Sales”, will be listed for free on the exchange, as opposed to charging overly expensive listing fees.
As NEO continues to scale, Spotcoin plans on adding on chain recordings of transactions for fiat and cryptocurrencies.
Spotpay
Spotpay is designed as a secure point of sale (POS) system solution for brick and mortar retail establishments as well as an easy to use, drop-in payment widget for all major shopping cart platforms. As we all know, without adoption of cryptocurrency, cryptocurrency is nothing more than a speculative bubble that has no real future. It is through adoption of cryptocurrencies that gives them value. Spotpay allows for retailers to accept cryptocurrency, as well fiat, or a combination of both. The market fees will always be kept competitive, ensuring the best possible service for both parties.
Mining
By using the country of Georgia's massive amounts of electricity produced from hydropower, which will sustain mining Bitcoin. In fact, Georgia is the second most popular country for mining Bitcoin while China remains the first. While electricity is less than 6 cents per kW, Spotcoin plans on partnering with power plants to reduce the cost of electricity even further. Georgia also offer special exemptions from taxes.
Black Sea Blockchain Institue
The Black Sea Blockchain Institute will provide an opening for blockchain technologies through education, research, and innovation. The institute will allow for educational partners, allowing for Spotcoin to reach an even larger audience for the betterment of blockchain. The institute will be beneficial for students, developers, and government officials.
The SPOT Token
SPOT is a utility token designed for its holders to receive shared revenue from Spotcoin. SPOT token holders will be entitled to a weekly dividend of 51% of the total trading fees generated by Spoitcoin’s digital asset exchange. SPOT token holders are also entitled to an additional quarterly dividend of 12% of the net profits derived from Spotcoin’s mining, OTC and Spotpay payments businesses. In the past, we've seen how much exchange tokens, such as BNB, KCS, etc. have given investors insane returns in a short period of time. KuCoin used its official token, KCS to share revenue gained from trading fees to its holders. The same will apply for SPOT holders, except on a much greater scale and team behind the coin. After months, KuCoin reduced the dividen amount for the KCS holders. Spotcoin will NEVER reduce the dividend amounts for as long as the coin exists.
All unsold tokens in the private sale, the presale, and the public sale will be BURNED. You WILL be getting the value and utility of SPOT without risks of know one else participating. If the soft cap is not reached, all funds will be returned including fees a month after.
Learn more about Spotcoin
Sign up for a Spotcoin account HERE and earn SPOT for FREE!
Website: Spotcoin.com
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