SpotCoin is a development that aims to provide a boost in liquidity to the crypto market by bringing fresh coin supply (via internal mining), OTC markets, and cypto-fiat pairs into one network.

This combination of liquidity measures can provide a near-guarantee of fiat or crypto that would be needed for wide-scale real-world transaction, and that’s why SpotCoin leverages its liquidity platforms to power SpotPay, a gateway to take cryptocurrencies to retail usage.

Read on to learn about this project’s strengths.

SpotCoin SWOT Analysis

SWOT analysis sheds light on the potential of a project.

Many entrepreneurs delving into blockchain technology have a tendency to build off a mere idea and develop an ICO to raise funds with the hope that the whitepaper is convincing enough. The problem with this is that even if the funds are raised, it can take a long time for the project to settle its roots and even more time to get an actual user base. And that’s in the case of a strong idea.

Once in a while, a team with an established product and an existing customer base decides to host an ICO and one such project is SpotCoin.

SpotCoin’s key strength is that in the current hail of ICOs, it’s one of the very few with an existing product; SpotCoin already serves an OTC market and the team has already begun the initial work for its massive mining facility. This ICO is raising funds as per necessity of expansion rather than to initiate the company. With the new capital, SpotCoin can enhance its OTC services, complete its mining facility, and expand its operations to the inclusivity of an exchange and the SpotPay.

SpotCoin’s strength is that it is one of the very few projects launching an ICO that align with the projects that traditionally opt for an IPO. The factor that it stands out with such ease would be an edge that will hone partners, strategic investors, and community interest.

SpotCoin’s weakness is that its current operations seem to be regional. A large portion of the crypto community is likely to be unaware of the project’s existing operations. Its imperative that the project can highlights its existing successes as much as possible to draw non-regional interest.

Additionally, this is where SpotCoin’s competitive edge is important. Given that this is one of the few projects that is hosting an ICO atop existing operations, it could stand out and draw interest despite its presently limited, regional presence.

The crypto market has witnessed a stunning growth in a short period of time. Despite the rise in exchanges, many regions remain underserved and SpotCoin is filling up the gap in its wider locality. Beyond that, cryptocurrencies are unable to gain usage in practical purposes. This project has the potential to bring the most important crypto development to life. It SpotPay is a success, then cryptocurrencies can be used for retail purchases.

SpotCoin is pursuing a lot of things. The crypto market attracts some of the most ambitious teams but SpotPay might be running its resources a bit thin as it aims to develop too many services.

However, its quite possible to deliver the 4 targets as each complements and reinforces the set. Additionally, the fact that the platform has existing operations is a big aid is the company won’t need to start from scratch and would simply have to expand forward.

Wrap-Up: SpotCoin is one of the few projects hosting an ICO given credibility by an existing customer base for a successful operational flow. This should allow the project to tackle the challenges that comes its way.

Essential Spotcoin Links

🌐 Website: https://spotcoin.com
💡 Whitepaper: https://spotcoin.com/whitepaper.pdf
👨 ANN Thread: https://bitcointalk.org/index.php?topic=3173867.0
💻 Telegram: https://t.me/spotcointeam

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