Financial markets provide the environment where financial securities and other derivatives are traded by people at low transaction cost. Trading of currencies and bonds over the years has largely been on a bilateral basis, the emergence of technological advancements, electronic systems are all for this purpose. There starts to exist a gap between the financial markets and the emerging digital asset
The spotcoin platform is created to meet the demands of the rapidly and fast-growing digital to fiat currencies and also digital assets. Spotcoin is an economic platform designed to bridge the gap between legacy financial markets and emerging digital asset ecosystems. Using spotcoin platforms it helps to give authenticity and also gives simple liquidity for the community
Spotcoin aims to give its customers and users an efficient alternative through the use of the working capital and a well-supplied and diversified digital asset in various accounts. spotcoin will be able to provide a more efficient solution to the various problems faced by the users as well as providing all SPOT holders with dividends based upon transparent, equitable and audited results.
Having a platform that conducts over 10 million dollars in OTC trade volume in the year 2017 plays a huge impact in any over the counter platform and spotcoin made this possible. And the year 2018 is a promising year in terms of trade volume. The service of spotcoin is large ranging from investors, merchant miners and also to retail traders which means spotcoin is a platform for all. Irrespective of your financial background.
The year 2018 came with a promising note, Spotcoin aims to raise about $30M through token sales and transactions. Spotcoin token distribution is scheduled to take place at the end of the third quarter of 2018
The Ideas about the spotcoin project arosed in November 2016 due to the fact that it processed over $1M trades per month in an interval of two months at that period which gave the developers insights to how profiting the project will be with the influx of more fund. Spotcoin was able to clear over $5M trades by the end of the second quarter after its operation began. With the introduction of NEO an open source nonprofit community backchain. The legal and also the regulatory requirement for fungible and non-fungible digital asset was established. Digital identities which were established by NEO also makes the customers (KYC) and anti-money laundering (AML) be favorable to the users. This implies users are actually protected by the act established by NEO.
PROMISING ASPECTS OF SPOTCOIN
One of the promising aspects of spotcoin is that it has designed a user and environmental friendly $3.25M facility utilizing hydropower scale to 25MW. Having a new facility houses about 2,250 GPU miners with the capacity to accommodate about 9000 more units for the client. This is very promising for users and also gives room for more mining activities.
The use of fiat to digital asset exchange gives room for user experience which can accommodate fluid movement involving mining operations and also spotpay payment.
In the year 2020 spotchain plans to launch spotpay widget, APIs, and POS systems. Also with the inauguration of the blackchain summit in the year 2020, it will boost the relationship between the users and the founders which will create a more secure and promising future between the users and founders.
PROBLEMS SOLVED BY SPOTCOIN USING VARIOUS PLATFORMS
In terms of OTC marketplace, the problems of fiat exchange limitations and also lack of proven brokers were being solved by large volume trade matching and providing trusted intermediary services respectively.
Using the digital exchange platforms the problems of limited fiat liquidity and also lack transparency was solved by exchange supporting regional fiat currencies and also quality audits were done respectively.
Taking into consideration of spotpay the problems of lack of inconsistent APIs lacking clear documentation and also lack of retail adoption was solved by spotcoin by enabling in-store digital currency use and also well documented, consistent APIs with supporting libraries.
The issue of mining having the problems of access to low-cost electricity and also government regulations were solved by spotcoin through Georgian hydropower and positive regulatory environment.
In conclusion, the various linked which are coupled with spotchain e.g. OTC market place, digital exchange, spotpay and mining spices up the development of spotchain and also gives a secure and promising future using spotcoin simply because this provides an effective platform for users to participate more in the spotcoin platforms. These acts give spotcoin a guaranteed and trustworthy participation to its users.
SPOTCOIN TOKEN INFORMATION FOR THE TOKEN SALE IS AS FOLLOW
THE TEAM BEHIND SPOTCOIN PROJECT
Andrew Thornhill
Co-Founder & Ambassador
For more infomation on seele please visit
Official website: https://spotcoin.com
Whitepaper: https://spotcoin.com/whitepaper.pdf
Telegram: https://t.me/spotcointeam
