SPOTCOIN - Making Digital Currency Work for Everyone

mianae (49)in #blockchain • 6 years ago (edited)

Over times now, there has been the advent of various blockchains. Some time back, Ethereum was topping the chart as it was the only blockchain which provided an easy access to creating smart contracts. It made the deploying of decentralized applications possible and many dApps has been built on its blockchain.
Then came the NEO blockchain which has been around for a while now and has gained its popularity in the past year.

The NEO blockchain, has been able to attract many dApps developers and some dApps has been deployed on its blockchain. The advent of Blockchain came cryptocurrencies which fuel the various dApps deployed on the Blochain and with all this, came the hassles of trying to exchange between one digital asset and the other and with this, arose many complexities and difficulties as regards exchanges from digital asset to fiat. This is eminent today when one is trying to convert their tokens to BTC before exchanging it to fiat. During this many transactions, a lot of money is lost to transaction fees to pay the exchange in order to get the transactions executed. In the light of this, transactions from one wallet to the exchange wallet also costs transaction charges when all this is over, one will notice they have lost a considerable amount which was supposed to be part of what they now have.

Spotcoin is giving everyone an alternative to what used to be a rigorous event encountered while trying to process transactions. Spotcoin is doing this by integrating many features into its platform which will give everyone a friendly interface which is easy to use.

Such features include:

Over-the-counter marketplace:

Spotcoin is providing an over-the-counter marketplace to aid digital assets holders to exchange their digital assets for fiat anytime they want to. This will help people who don’t have the time nor the energy to go through many processes before being able to exchange their digital assets with fiat. This is not just against the USD but also in one's local currency. Spotcoin will give people the opportunity to trade their digital assets against their local currency. The local currencies that will be accepted on the Spotcoin platform is 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).

Exchange:

Spotcoin exchange will be a simple user interface which every user will be able to navigate through for their fiat to digital assets transactions. The exchange will be housing trade pairs against GAS, BTC, ETH, and SIB. Spotcore will be providing liquidity to all assets on the Spotcoin platform.

Mining

Spotcoin has been in partnership with the Georgian mining company and through this partnership, they have been able to design and initiate an environmentally friendly mining facility.

The spotcoin project is making everything easy and swift when it comes to making digital and fiat transactions. This is being done through the many features integrated into the platform such as I have mentioned above. All these approaches will help a common man or an ordinary digital assets investor have less fear and be comfortable investing knowing that the exchange pains have been taken care of and assets can be easily exchanged as at when needed.