Spotcoin - NEP-5 project with a fresh look at fiat / cryptocurrency exchange.

simapple (25)in #bitcoin • 7 years ago (edited)

Hello guys! Today I will make a small review of the project Spotcoin, the ICO of which ICO plans to sell 66 million tokens for $ 30 million . Go!

Shortly about ICO

Who are Spotcoin and what are they planning to do?

Spotcoin company was founded in 2016 in Tbilisi, Georgia. Who did not know, Georgia takes the 2nd place among the countries with a large number of miners. The Spotcoin project has several areas in which they plan to achieve excellent results in the near future: to take a leading position in the OTC cryptocurrency market, which is estimated at $ 10 billion per year, by creating an automated platform for reliable transactions; To develop cryptocurrency mining. At the moment, Spotcoin team has developed an object worth about $ 3.5 million which will use hydroelectric power and generate a capacity of 25MW, which will provide energy for 9,000 devices for mining. ; Also Spotcoin team is working on the creation of an exchange for the exchange of Fiat money for cryptocurrencies and back, and this in my opinion is the moment that is very important now, because the exchange where you can buy and sell cryptocurrency for Fiat can be counted on the fingers of the left hand. : Well, another direction for Spotcoin these are payments that can be made through the system Spotpay.

Everything in order or what problems does Spotcoin solve ?

1. One of the main problems for cryptocurrency owners at the moment is the lack of cryptocurrency withdrawal in Fiat. Spotcoin is going to solve this problem by introducing a special mechanism on its platform that allows you to exchange cryptocurrency for Fiat. For this team Spotcoin already has agreements with the largest banks of Europe to provide uninterrupted exchange of cryptocurrencies. The platform for OTC transactions, where 25% of the product is already ready, is also being successfully developed. And of course, all traders who will make transactions from $ 1 million per month will be provided with a personal Ambassador who will personally accompany your transactions. This is a service, isn't it?

2. The creators Spotcoin working on developing a cryptocurrency exchange. It seems to be another exchange, you say. But no, this exchange will be different in that you can exchange cryptocurrency for your regional Fiat currency ( dollars, euros , rubles, hryvnia, etc.). Also spotcoin creators are going to do an audit every quarter, which indicates the seriousness of their intentions towards major stock players.

3. The introduction of cryptocurrencies in daily lives. How are they going to do that? The answer is simple - Spotpay. Finally, you can buy a loaf of bread or a glass of coffee for cryptocurrency. Or order something in the online store and pay with cryptocurrency, because now with the help of API online stores will be able to connect Spotpay for payment.

4. Mining. In different countries for mining are different. Georgian miners were lucky in this regard, because in Georgia government has a positive attitude to this kind of activity and supports the development of new technologies. In addition, compared to other countries, Georgia has cheap electricity ( 6 cents per kilowatt), thanks to hydroelectric power, which produces 75% of electricity and tax incentives for miners. But Spotcoin went further, they cooperate directly with the dams and pay even less for electricity, and this gives them the opportunity to earn more on mining.

5. Well, the most interesting thing I left for you to finish. Spotcoin founded Black Sea Blockhain Institute. This solution once and for all closes the problem with valuable workers in the field of blockchain, which in Georgia is now in great demand. Plus, it gives a lot of opportunities for young people : to learn a very promising profession, to work with blockchain technology, which is just beginning to be introduced into our lives, and of course to earn decent money, because there are very few specialists in this field in the world. Now students are trained in the BSBI.

Team

Andrew Thornhill
Co-Founder Spotcoin

An experienced businessman who has been engaged in Internet Commerce for more than 15 years. At one time, he collaborated with a large number of banks in Eastern Europe to create a payment gateway created by him.

Timohty Gick
CEO of Spotcoin

He graduated from the American military University. Since 2011, he works as an Intelligence Officer in the CIA.

Guram Rukhadze
Co-Founder, CTO of Spotcoin

At the moment, he is a businessman specializing in the IT sphere. He worked in such large companies as QIWI.

Subtotal:

The project, as for me, looks very promising. The advantage is that Spotcoin since 2016 operates in the market of OTC transactions. In the first month after the launch, they have already processed transactions totaling about $ 1 million, six months later about $5 million. Also Spotcoin offers excellent conditions for holders of coins – 51% of the royalties with the exchange fee and plus 12% of net profits as a quarterly dividend. Agree, looks good, right?! But the main problem is that while it's all on paper . I have no doubt that such a strong team will have no problem to follow the Road Map and close the target behind the target . And if we consider that this is a NEP-5 token, I have not yet met bad or failed projects on the NEO platform. The NEO community always helps each other and does not allow the appearance of unnecessary or fraudulent projects. Therefore, I am confident in the seriousness of Spotcoin creators and will participate in it . However, I believe that this project will have a long-term peak of the coin price in the second quarter of 2020, according to their Road Map.

Thank you all for your time! All suggestions and comments are waiting in the comments!