SPOTCOIN REVIEW

There is a whole gap between traditional (fiat) money and crypto-currencies. To exchange bank funds is difficult and long, and in a number of countries it is illegal. For those who want to acquire a purse, instantly and bypassing the crypto-exchange exchanges to cash out money with a minimum commission, to mine and regularly make a profit from their investments - the new clearing platform Spotcoin.

Figure 1. Spotcoin ecosystem - for complex transactions, with minimal commission

The goal of the project is to legally secure a free flow of capital, and for this - to eliminate barriers to liquidity, to make digital currencies a habitual daily routine for all people on the planet. It is transparent to build a kind of bridge between banks and virtual money, including through cooperation with governments.

In some countries, the automatic digital exchange Spotcoin will be the first where people can convert the national currency into digital assets. For lari, lion, lire, ruble and other currencies of the countries of the Black Sea region, they will be able to buy several crypto currencies without buying dollars or euros for this first.

Figure 2. The four components of the Spotcoin platform

How does the Spotcoin platform work and who will be useful?
The platform operates within the framework of Georgian legislation. Accepts currencies: NEO, BTC, ETH, GAS, SIB, USD. All calculations are tied to the value of the US dollar during the transaction. In this case, investors with US dollars, euros and currencies of the Black Sea region can buy and sell NEO and NEP-5 tokens without switching to other exchanges.

1. OTC trades cryptocurrency (over-the-counter trading, OTC). According to various estimates, the world over-the-counter turnover of digital currencies is over $ 20 billion per year. Of these, $ 10 million - in Spotcoin (2017). Plans of Spotcoin are ambitious - to become the leader of trusted OTC transactions in all major crypto-currencies, primarily in the Black Sea region! And get all the necessary licenses for this.

2. Mining is a crypto currency. Together with the Georgian Mining Company, the Spotcoin platform is building an environmentally clean data center in Georgia (hydropower). The cost of the facility is $ 3.25 million, capacity is 25 MW. A total of 2250 GPU-processors (machines for mining), with the possibility of additional placement of another 9000.

3. Unobstructed exchange of Spotcore. To convert the fiat and virtual currencies, a simple, intuitive user interface is created - Spotcore. All trading pairs (two exchangeable currencies) are tied to four crypto-currencies BTC, SIB, Ethereum, GAS.

4. The system of retail payments Spotpay - a reliable business application with digital wallets and API API. Counterparties are inexpensively calculated among themselves at the current market price. Benefits - transaction security, speed, transparent calculation and display of duties.

Through Spotpay, the Merchant instantly receives payments in the desired currency (with reference to the dollar exchange rate!). By October 2020, Spotpay's turnover will reach $ 1 million per month (for comparison, the world retail market volume is $ 100 million).

Figure 3. Over time, the number of trading pairs Spotcoin will correspond to the list of NEP-5, created by an independent international development team City of Zion (CoZ)

The non-commercial NEO (open source NEP5 token standard) used in the Spotcoin project includes digital identifiers that make it ideal for smart contracts under international control requirements for counterparties - KYC (Know Your Client) and AML ("Counteraction to money laundering").

And by 2020, NEO will also increase the speed of operations to 100,000 per second! For comparison, in the chain Ethereum only 15 transactions per second, for VISA credit cards - 2000.

Once a quarter in Spotcoin - an audit by an independent accounting company, with the publication of results on the official website of the platform. In the immediate plans of the creators - to develop plug-ins for all major shopping platform platforms, which will allow you to run Spotpay checking with a single click of a button. Support will be provided by the open source API libraries in languages ​​- PHP, Ruby, Python, Java, .NET and NodeJS.

Figure 4. Currency exchange Spotcore will combine the operations of the miners, the retail payment system Spotpay and the OTC over-the-counter market. Then it will connect to Spotcoin's user interface, simplifying the user management of virtual assets

How is ICO Spotcoin going and what will happen to the project next?
For the successful development and financing of the project, only a maximum of 99 million SPOT tokens will be issued at a price of $ 0.5. Of these, 67% (66 million SPOT) will be sold, including the ICO. Another 33% (33 million SPOT) - are free for members of the team and holdings of Spotcoin, including the treasury.

Preliminary Private Placements of SPOT tokens for $ 0.4 passed from April to June 2018. Soon public sales for ICO will start:

· The price of the coin is $ 0.5.

· Minimum purchase of 50 SPOT.

· The maximum is 1 million SPOT.

· Soft cap: $ 5 million, Hard cap: $ 30 million

· Attracted funds will be spent: technical development (40%), marketing (25%), administrative expenses and accounting (20%) and legal support (15%).

Detailed financial forecast here .

SPOT - a great way to earn money
· Once a week, between owners of tokens, 51% of the amount of commissions received by the system for automated exchange of currencies is distributed proportionally.

· Once a quarter, dividends equal to 12% of net profit from OTC, mining and retail transactions Spotpay.

Spotcoin is a smart platform for a real economy, with a bold business plan and a powerful background - 100% support in the government of Georgia, cheap hydropower and approval by authorities of other countries, for example, Dubai, Great Britain. It is not surprising, because the project's goal is to comply with the legislation and rules of cryptotechnologies of all participating countries.