How Spotcoin Aims To Deal With Challenges in the Crypto Financial Markets

Spotcoin is an emerging digital asset ecosystem and financial markets platform based on the Ethereum blockchain technology.

We are currently living in a digital world and the financial markets are not running behind in the global drive for digitalization. This current digitalization trend has also given birth to digital marketplaces which cater to the financial markets.

The financial market without digitalization has met a lot of challenges one of which is the high fees and charges for trading in the financial markets.

Another challenge also is the lack and limited liquidity in the financial markets. For instance, while trading in the currencies market, to obtain the needed liquidity the trader has to pay the attendant high fees to execute the trade.

In executing trades while trading on digital assets, execution is a major challenge. Among the challenges faced by traders and market participants include the lack of proven brokers, the immense fiat exchange limitations, and an almost non-responsive customer service.

The financial markets and the emerging digital assets marketplaces also face the challenge of a lack of a system to connect a large number of traders who participate in the trading of digital assets.

It was in an attempt to deal with these identified challenges of transacting in the financial markets and the emerging digital assets ecosystems that Spotcoin was born.

Spotcoin’s Solutions
Spotcoin LLC is incorporated under the laws of Georgia with its corporate headquarters in Tbilisi, Georgia.
The problems which are faced in the Over the Counter (OTC) marketplace for digital assets have been dealt with by Spotcoin through its ability to match large volumes of trade.

Also, through its Spotcoin Ambassadors, Spotcoin have been able to deal with the challenge of non-responsive customer service which affects the OTC marketplace.

Spotcoin offers a digitalized OTC marketplace solution that has been able to deal with the problem of a lack of means of connecting traders of digital assets by introducing an efficient marketplace where a single business day (T+1) settlement is possible.

Spotcoin also provides a trusted intermediary solution which deals with the challenge of the lack of proven brokers.

Spotcoin is offering a completely digital asset management solution and toolkit for the financial markets.

Spotcoin Ecosystem
The Spotcoin blockchain platform’s ecosystem comprises of an array of innovative digital services which includes the platform’s digital asset exchange, Over the Counter (OTC) exchange for trading of fiat currency, a digital assets exchange, a token mining facility utilizing hydroelectric power, and its innovative Spotpay payment system.

Token
The Spotcoin token is the SPOT Token. The token is a NEO NEP-5 standard token. Spotcoin has a maximum token supply of 99 million SPOT tokens. The accepted currencies are Ethereum (ETH), Bitcoin (BTC), and Fiat Currency.

The holders of the SPOT Token will enjoy great utility with the token. This is because every week, 51% of the entire trading fees that have been generated across the Spotcoin digital asset exchange would be credited to the SPOT token holders. An awesome perk that investors should really consider.

More benefit that would accrue to the SPOT Token holders includes a 12% quarterly dividend payment that would come from the net profits generated from the platform’s Spotpay payments business, Spotcoin mining activities and the OTC business of the platform.

Conclusion
The digitalization of the financial market will in no small measure be of great benefit for participants in the global financial markets.

Spotcoin indeed wouldn’t have come at a better time than now to bring the most needed efficiency, digitalization, and transparency in the financial markets.

Indeed, Spotcoin is a cost-effective alternative for transacting in the global financial markets. You can participate in the token sale today. Click on any of the links below for further information;

website, whitepaper, telegram, twitter, facebook

Author - Coltpython