Spotcoin: an ecosystem for simple introduction of crypto market

Spotcoin is a project designed to make digital coins work for the needs of each user. The main concept of the platform was created in 2016. After that the developers collected all the necessary information and managed to create a prototype of the working platform.

The main goal of Spotcoin is the formation of a unique ecosystem aimed at transferring the economy to the future historical level. The main components of the project are the creation of a farm for mining, a site for exchange, and a university devoted to the blockchain.

The Spotcoin project was created to solve a huge number of issues present in the economic market. Due to its introduction and launch it is planned to solve the following economic problems:

• The banking system, which is functioning at the moment, needs global changes. Thanks to the implementation of a special block transfer scheme, this process will become simpler, and most of the restrictions will be removed from it.
• The secrecy of the work of economic organizations is the main stumbling block for users. Thanks to the introduction of the blockchain technology, it was possible to achieve full transparency of the entire system and provide guarantees to each party involved in transactions.
• Lack of special institutions training specialists to work with blockchain technology and cryptographic assets. With the increasing popularity of cryptocurrency, the demand for highly qualified specialists, who are able to work with the blockchain technologies, is also growing.

Key features

The Spotcoin site is aimed at solving several global problems by providing users with additional opportunities. The project was aimed at scaling its influence on the regions that are nearby. This also provides for access to the European economy.

The ecosystem of the project is characterized by unique structural elements that provide for the following:

• Running of own exchanger. This is an innovative solution because the currency pairs, available for exchange, will be many times larger. Not only common currencies will be used, but also the funds of nearby countries. The platform interface will be developed in accordance with the state languages ​​of these countries.
• Establishment of own farm for mining. It's no secret to anyone that mining requires a huge amount of energy costs. The project management found a solution to this problem - the use of electricity supplied from the hydroelectric station near the village of Zhinvali, which covers the country's needs of 75%. Thus, a kilowatt of electricity can be bought for only 6 cents.
• Running of own university. The project developers decided to establish their own educational institution - the Black Sea Blockchain Institute. This is a unique project that will allow students to choose between two specialties: digital assets and the direction of the general principles of cryptocurrency. This will allow to train specialists, the need for which increases as the market grows.

Roadmap

The Spotcoin project has a ready-made product focused on the consumer in the world market. But, in addition, the platform is planned for further development for the popularization and expansion of functionality. The project plans include the following:

• Throughout 2018, it is planned to create additional tools, expand the interface, and launch security audits for the platform. Thanks to these steps, it becomes possible to further increase the platform.
• During 2019, developers planned to fully integrate wallets and run a full-fledged exchanger. The goal is also to introduce a trading engine and final checks of the user interface to bring them to the optimal state.

Summits are planned annually, which may indicate a great future for the ecosystem. A full launch will be carried out in 2020. This is necessary for testing, setting up, and ensuring the site is fully operational.

SPOT token

The only cryptographic asset that will be released by the platform is the SPOT token. It is called upon to fulfill the tasks assigned to it - to be an instrument for profit and to be a means of investing on the platform.

Platform participants are given a unique opportunity - a weekly reward. All users will benefit from participation in the platform, for this automatically reserved 51% of the amount of transactions aimed at sharing. Each quarter during a running farm for mining, all holders of tokens will receive 12% of the total revenue.

In pursuit of the goal of community support and the provision of transparent source code, the development team decided to release tokens on the NEP-5 standard. These cryptographic assets are acceptable for NEO purses.

Only a part of the issued coins will be sent to the public sale procedure - only 67%. The remaining funds will be divided among other infrastructures that need to be financed for the subsequent uninterrupted operation and development of the platform.

The Spotcoin project is quite a promising platform distinguished by its versatility and a large number of advantages. A huge number of problems of the economic market that the ecosystem can solve are an additional incentive for development and popularization in the public. Launching the procedure for public sale of domestic coins will help to maintain the platform's operational capability and ensure the introduction of additional functionality in the future, which will significantly expand the capabilities of users.

To learn more about the details of this project, as well as to participate in the purchase of platform tokens, visit the official website https://spotcoin.com/ and read the whitepaper: https://spotcoin.com/whitepaper.pdf

Author Cryptozond: https://bitcointalk.org/index.php?action=profile;u=1190894
ERC-20 wallet: 0xE09319CEB0C8cf2029e27F85E1Bcb1159c63aF8e