I love rainbows so much so good that the brightness of their wings could make my smiles eternal if only I could keep gazing at them for eternity. I am in awe of what blockchain technology is doing in today’s world but to be totally flabbergasted by Spotcoin’s modus operandi is a testament to the river of flowing juices in their whitepaper. Yes their whitepaper! I saw the beauty of this coin from afar and literally I would be a visitor in an island of tomfoolery if I do not invest wholesomely in this project. You want to know why? Here is why I am turning my fiat currencies into painting brushes…
A. NOT FOLLOWING THE “ALWAYS SHALL BE MENTALITY”: It’s a NEO based coin
I have seen many projects fail due to this gigantic nuisance. They come with an “always shall be” mentality. Project A succeeded because they did this, we too must succeed by doing the same thing. The Spotcoin team knows what it wants and how to get it done. They have chosen to stick with NEO as they believe that their vision perfectly aligns with that of NEO as it is community driven, a non-profit and is hoping to achieve a whopping 100, 000 transactions per second by 2020. That for me is a color red in the rainbows of the Spotcoin. What about you?
B. EXPERIENCE: They have been there!
If you are thinking these guys just came up and decided to do this, I am sorry but you are wrong. They launched November 2016! And after just 2 months of been in business they processed a whopping $1M worth of trades and already hit $5M after their second quarter. I leave you to ponder on their proof of concept.
C. WHAT EXACTLY IS THEIR “MODUS OPERANDI”
• With a model tagged ‘Over the Counter’ (OTC) they have secured partnerships with banks all over Europe which allows Spotcoin to provide a large volume trade matching, providing trusted intermediary services as proven brokers in a world were trust is scarce, an efficient market place with one business day settlement that allows large traders of digital assets to connect, and a responsive customer service unit that assigns a Spotcoin ambassador to any client who trades at least $1M in a month. That’s efficient!
• A digital exchange is been developed by the Spotcoin team that would be easy to use and be open to auditing. These guys are accountable and are also helping digital exchange in the black sea region to include currencies that hitherto are nonexistent on exchanges.
• Have you heard about Spotpay? It is the exact retail solution we have been looking for in the digital exchange world. A secure point of sale (POS) system enabling retail payments, a well documented, consistent API with libraries and their transaction fees would be transparent enough.
• Mining: Now here is the juicy part of the project, these guys are totally into mining! And they are situated in a city adjudged to be number 9 out of 190 countries ranked with ease of doing business. Where? Georgia, of course! And mining would be easier over there as there is access to low cost electricity which is germane for mining. Georgia is ranked second in countries who mine bitcoin. The government regulations are favorable for cryptocurrency and blockchain technology and at least 20% of its University students are experienced in blockchain technology and cryptocurrency. You see why I said they are not following conventional wisdom?
D. EDUCATION
The Black Sea Blockchain Institute (BSBI): Truth is, this Spotcoin model is community-centric and it gives credence to the experience of the team and how well thought out their project is. They would have an institute by the fall of 2019 that allows students, developers, executive management and government officials to offer varying courses that aligns with their areas of interests as regards cryptocurrency and blockchain technology.
E. PARTNERSHIPS AND MEMBERSHIPS
Another interesting factor is that Spotcoin is already a member of recognized bodies and is still in the business of securing partnerships. Spotcoin is a member of Georgia Mining Hosting Association and are partners with Georgian Mining Company and also partners with some European banks.
ICO DETAILS
Maximum amount of Spotcoin tokens available: 99, 000, 000
Tokens for sale: 66, 000, 000
Price during public sale: 0.5$ per token
Minimum purchase: 50 spot tokens
Maximum purchase: 1, 000, 000 spot tokens
Pre ICO sale begins: June 12, 2018
Pre ICO sale ends: June 14, 2018
Conclusion
Investment has a twin many people tend to forget, it is wisdom and when I said I would be painting rainbows of Spotcoins with my fiat currencies I was only speaking wisdom. Like every business this could be a risk for investors but it’s sure worth it. You would not regret investing.
For more details,
Website: https://www.spotcoin.com/
Whitepaper: https://www.spotcoin.com/whitepaper.pdf
Bounty: https://www.g0blin.com/spotcoin/
Telegram: https://t.me/spotcointeam
Bounty Thread: https://bitcointalk.org/index.php?topic=3173859.0
Twitter: https://twitter.com/therealspotcoin
Author's Bitcointalk username: Afolagbade
Author's Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2082553;sa=summary