Spotcoin aims to provide a trusted, simple interface for digital assets that works for everyone. A platform that embraces universality, simplicity and reliablity.
Why Spotcoin: Spotcoin will offer all SPOT holders highest dividend rates in the market. 51% from the exchange fees will be paid out as weekly dividend and an additional 12% as a quartely dividend earned through its business lines
Spotcoin team will be raising USD 30 million through their Initial coin offering token sale. The SPOT tokens will be distributed to participants by 15th July 2018. The total supply of SPOT tokens will be 99 million and all SPOT holders will be offered dividends through a transparent, equitable and audited process. The SPOT token will be issued upon the NEO smart economy platform and will adhere to NEO’s NEP-5 standard.
Spotcoin chose NEO platform as it is opensource, community backed and non-profit blockchain platform that offers distributed network smart economy. Neo is the best fit to support the vision of Spotcoin which is to bridge the gap between traditional finacial markets and the futuristic digital economy. Spotcoin is equally excited about supporting NEO’s vision and is allocating resources to directly support NEO’s goal of 100,000 Transactions Per Second by 2020.
The soft cap is USD 5 million, and the hard cap is USD 30 million for the Spotcoin ICO
The private sale of Spotcoin ICO will kick-start from 10th April 2018 through till 1st June 2018. The tokens purchased during private sale will be locked up for 12 months after token distribution. A total of 16 million SPOT tokens are committed for the private sale by Spotcoin
The public sale is planned to start on 1st May 2018 and will run til 1st June 2018.
The total supply of SPOT tokens will be 99 million. 67% of the tokens will be sold during the private and public (ICO) sale. 19% of SPOT will be held as company treasury. 8% of the tokens are allocated for team members, advisors and shareholders. 6% of the tokens will be used for marketing purposes
Spotcoins cannot be mined and the supply is fixed at 99 million mined tokens and will never increase. The tokens that are unsold during the private and ICO sale will be burnt.
As a bridge between fiat and digital currencies, Spotcoin will be accept the following modes of payment during the private and public sale
Digital currencies: GAS, NEO, ETH, BTC, SIB
Fiat Currencies: USD, EURO via bank transfer
Credit/Debit Cards: Visa / MasterCard
All token investors must pass Know Your Consumer (KYC) and Anti-Money Laundering (AML) screening which will be carried out by Spotcoin’s partner — Coinfirm. All NEP-5 supported wallets [Neonwallet, Neotracker, Neonexchange] can store SPOT. Spotcoin recommends the NEON wallet (http://neonwallet.com/)
Maximum token supply: 99 million SPOT
Standard: NEP-5 (NEO Blockchain)
Token use: Dividend Token
Unsold tokens: Burn
Website: https://www.spotcoin.com
Whitepaper: https://www.spotcoin.com/whitepaper.pdf
Telegram: https://t.me/spotcointeam