The Spotcoin airdrop campaign is more valuable than most realize and it is unfortunate that many will not take the time to understand what Spotcoin has to offer. More often than not the tokens received in an airdrop are dead weight in your wallet with no value at all. In my experience, each NEP5 token I have received through an airdrop has increased the value of my portfolio. Spotcoin will also provide the same, if not more value, as they complete their roadmap.
Picture from Spotcoin ANN
I have been impressed with Spotcoin from the beginning. I joined their telegram group when there were less than 100 members and have seen firsthand the consistency within the team. Spotcoin first attracted me due to the dividends paid to Spot holders, but the team is what has truly impressed me.
So far I have not witnessed such dedication and commitment to a project or the community by the leaders of any other ICO. There is daily interaction and updates from the CEO and you will often see one of the founders interacting with the community in telegram.
Photo from Spotcoin website
Not only are the leaders dedicated to Spotcoin and the community but now they have proven their dedication and support of the entire NEO ecosystem. By supporting other NEP5 projects they are creating a stronger environment for those who have invested in NEO and NEP5 projects.
Spotcoins’ motto is “We make digital currencies work for everyone through direct access and simple liquidity.” I say they are bringing convenience to the cryptocurrency space. The following represents how Spotcoin has already started and what they plan to implement through their ICO.
Spotcoin was founded in Novemeber 2016, by Andrew Thornhill, Giorgi Abuladze, Guram Rukhadze and Natalia Khizanishvili. Operations began with their OTC fiat/crypto exchange, located in Tblisi, Georgia, successfully completing their first year with 10 million in trade volume for 2017.
Screenshot taken from Spotcoin website
Spotcoin hosts weekly Crypto101 classes offering in person lectures, cryptocurrency training and advanced knowledge to those in attendance (read about it here https://www.spotcoin.com/blog/ ). The goal with Crypto101 is to bring more awareness to blockchain technology. With this training, the attendees will be able to share the knowledge with others in order to attract more interest in the field of digital assets.
Photo from Spotcoin ANN
Black Sea Blockchain Institute
Speaking of education, Spotcoin has recognized the lack of educational options when it comes to blockchain technology, in their words, “There is a demand crisis for experts in blockchain technology”. With the growing popularity of blockchain technology in the Black Sea region, it is the prime area to provide training to those interested in making a career in this field. That is why Spotcoin is establishing the Black Sea Blockchain Institiue (BSBI), which will be a registered vocational/technical college, officially recognized by the Georgian Ministry of Education and Science as well as the Council of Higher Education Accredidation. BSBI will offer accredited courses and certificate programs for Students, Developers, Executive Management and Government officials. Formal courses and training programs are set to begin in the fall of 2018.
Digital Asset Exchange
Spotcoin is working on an automated digital asset exchange that will be available globally, offering global and regional fiat trading pairs with four core digital currencies: Gas, BTC, ETH and SIB. Spotcoin will list, free of charge, all NEP-5 tokens that adhere to the City of Zion’s “Guideline for Responsible token Sales.” Launch is planned for Q3 2019
Photo from Spotcoin
The following is copied from Spotcoin white paper pg 19.
(Currently, there are few exchanges that support fiat currency in the Black Sea Region and the majority have a limited number of trading pairs. Our 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).)
Mining Operations
Having a formal partnership with Georgian Mining Company, Spotcoin just broke ground on an environmentally friendly $3.25M, 1.1MW mining facility, utilizing hydroelectric power it is scalable to 25MW. The new facility will house 2,250 GPU miners and will additionally be able to host 9000 additional units on behalf of clients. Spotcoin chose Georgia for their mining facility, due to the low-cost, environmentally friendly hydropower they offer, as well as, a Value-added Tax (VAT) exemption. Georgia generates more than 75% of its electricity from hydropower, making it the second most popular country for mining. The facility is expected to be fully operational by Q4 2018.
Screenshot from Spotcoin ANN
Spotpay
Spotpay is an innovative payment system that will provide a secure payment widget, an API and an APP based digital wallet, Spotpay will also be available for those with physical store fronts. This will provide consumers with fast, low cost and secure point of sale transactions. Spotpay will integrate with Spotcore to provide instantaneous payouts to merchants in their desired currency at current market price. Spotpay launch is scheduled for Q2 2020
Giving back to Holders
Those who hold Spot will earn 51% weekly dividends of the total fees generated by Spotcoin’s digital asset exchange and 12% quarterly dividends of the net profits from Spotcoin’s mining, OTC and Spotpay payments businesses.
As you can see there are many great things Spotcoin plans to implement in order to bring convenience. I encourage you to Do your own research and join Spotcoin telegram in order to stay updated and to get to know the team.
Telegram https://t.me/spotcointeam
The Pre Ico was scheduled for May 1st but has been put on hold for further testing to ensure a safe, secure experience for those who wish to participate. We should expect an announcement soon.
Join Telegram announcement channel https://t.me/spotcoinnews
JOIN AIRDROP
First register for an account with Spotcoin https://www.spotcoin.com/ref/9faac01a-2d41-11e8-9fe8-0e2c9ce2c3c8
If you do not receive the confirmation email please check your spam/junk folder
Photo from Spotcoin Medium post
This is a how to video
Make sure you hold at least the minimum amount of NEP5 token (QLC, SWTH, EFX), you will then wait until the designated date and time to claim the airdrop. Use this link that is preset with Tblisi, Georgia local time, in order to see the time for your local time zone https://www.timeanddate.com/worldclock/converter.html?iso=20180521T140000&p1=371
You will need to be quick to claim the airdrop as their are only 100,000 Spot allocated each week.
The first airdrop last week was finished in less than 24 hours.
TOKENS WILL NOT BE DISTRIBUTED UNTIL ICO IS OVER AND AN AUDIT HAS BEEN PERFORMED BY A 3rd PARTY BIG 4 AUDITOR
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