With the way new inventions are springing up every now and then, you cannot agree less that technology is quite amazing. Thanks to technological improvements, we now have the blockchain technology which many have looked upon as the future of technology. The coming of the blockchain also birthed many other platforms that will ease our way of doing things. The best initiative I have seen so far from the blockchain technology is the cryptocurrency initiative which I believe will soon overtake our exchange system.
Before cryptocurrencies, we had the paper money which we use as our legal tender and acceptable forms of exchange. With the coming of cryptocurrencies such as Bitcoin, there has been a “currency battle” between the conventional paper money and this new initiative of liquid currencies called Cryptocurrencies.
As this issue continues to rage, many other blockchain-based platforms are still springing up with the aim of providing better alternatives to the already existing cryptocurrencies. The result of this action is the flooding of the economic market with many cryptocurrencies that have different techniques and operations.
With this rivalry existing among the Fiat and Cryptocurrencies, investors usually have a hectic time choosing between the two. Fiat money is not entirely bad; they have good prospects and are globally accepted. The issue here is that they are highly centralized and this does not augur well for an economy that wants to grow. The financial prospect of Fiat money lies in the hands of few individuals and corporations who might manipulate it to suit their interest.
On the other hand we have the cryptocurrency which I strongly believe is a better alternative for transactions and trading systems. With the growing popularity, acceptance and use of cryptocurrencies, it will soon take over the world financial economy to become the de facto legal tender and d means of exchange. This situation has posed a great poser: Will Fiat or Crypto currency become the financial market leader?
As hard as the question might be, I believe crypto currency has better prospects that will provide it with the needed leverage to overtake the Fiat currency. It is already doing this with its decentralized nature powered by the blockchain technology.
Introducing Spotcoin: The Dual Trading Platform
I’m very much pleased to introduce what I consider the “first platform to support both the Fiat and Cryptocurrencies”. I’m pleased to introduce Spotcoin; the solution to your cryptocurrency problems.
As stated by Spotcoin, it has its aim as “bridging the space between emerging crypto currency system and legacy financial markets”. What this means is that Spotcoin is an economic platform that will help interested investors and other cryptocurrencies that will son emerge have a good relationship and acceptability across multi-financial platforms. It aims at serving as a “clearing house” that will ease transactions between the crypto and fiat currencies. With this measure, both the fiat and crypto currencies will co-habit well enough in the course of transactions without any hassles.
Spotcoin will break the barrier of massive differences existing between the fiat and cryptocurrencies. Spotcoin also aims at ensuring transparency and quick processing in the cryptocurrency market and will utilize digital assets in a way that will be conducive for everyone. Another raging issue is the limited acceptance of the Fiat currency on many cryptocurrency platforms. This makes it difficult for users and investors to withdraw and deposit funds especially investors with emerging cryptocurrency platforms.
A Glance at the prevailing Problem
There is now a solution to the problems facing trading platforms. Spotcoin is already setting up an interface which allows investors and users have the benefits that come with a smart economy.
Spotcoin had established partnerships with many governments and the outcome is the decision of Spotcoin to setup a Blockchain Institute. The institute called The Black Sea Blockchain Institute offers the best cryptocurrency services such as research, blockchain training and mining.
Spotcoin had positioned itself into the smart economy after recording huge success of over $10 million. This was achieved in 2017 during the Over the Counter Marketplace (OTC) trading help in the Black Sea Region. Spotcoin also has intentions to setup a digital asset ecosystem in this region and a plan of setting up the Spotpay payment system.
The NEO Connection
Spotcoin aims at offering even distribution of the Fiat and Cryptocurrencies to investors and this measure was to eradicate the trust problems that had been in existence in some other platforms.
For this reason, it integrated the NEO platform for effective distribution. The NEO platform is a community-backed blockchain token platform which offers a distributed network known as Smart Contract. The NEO platform also has additional digital identities that allow the building of tokens and networks that are Know-Your-Customer (KYC) and Anti-Money Laundering (AML) compliant.
It is expected to work along with existing regulatory frameworks to reflect assets on the blockchain. The NEO platform has a target of performing about 100,000 transactions each second by the year 2020.
Spotcoin also has other interesting features you might want to see:
• Over the Counter Marketplace (OTC): This feature established in late 2016 was meant to let clients and users have easy access to digital to fiat currency trading. The OTC marketplace is expected to have a $20 billion worth of digital asset trading.
• Exchange: The interface of Spotcoin supports four digital currencies that can be pair along with fiat currencies. These currencies are: ETH, BTC, SIB and GAS. Spotcoin will provide a centralized liquidity among the mining operation, digital asset exchange and the Spotpay payment system.
• Mining: Spotcoin had entered an agreement with the Georgian Mining Company which lets Spotcoin use a 25 mega watt hydroelectric power plant backed by 4,500GPUs.
Spot corn also has the Spotpay payment system that will allow users have a cost-effective point of sale transaction and also offer a secured payment gateway. Spotcoin also has plans to establish a Block Sea Blockchain Institute which is based on three components: Education, Research and Innovation. The Institute will also integrate the blockchain technology in smart contract and asset digitizing throughout the Black Sea Region.
Token And Tokensale Details
Token Ticker: SPOT
**Pre-Sale Price: 1 SPOT = $0.40
Main Sale Price: 1 SPOT = $0.50
Platform: NEO
Minimum Investment: 50 Spotcoin tokens
Accepted Currencies: NEO, BTC, ETH, SIB, Fiat and GAS
Soft Cap: $5,000,000,000
Hard Cap: $30,000,000
Restricted Areas: China, South Korea USA.
Total Token Supply: 99 Million SPOT
The Spotcoin Team
Advisors:
To find out more about this wonderful project, check out the links below:
Website: https://www.spotcoin.com
Whitepaper: https://www.spotcoin.com/whitepaper.pdf
Telegram: https://t.me/spotcointeam
Twitter: https://twitter.com/therealspotcoin
Writer: Collinberg
Email: Collinberg19@gmail.com