SPOTCOIN: THE EXCEPTIONAL PLATFORM FOR BLOCKCHAIN RELATED SYSTEMS

One day my friend said to me, how I wish I can easily exchange fiat to BTC and vice versa, am tired of being at the mercy of both the local and online cryptocurrency dealers. I clearly understood him, because he has been a victim of unfortunate circumstances. The need to easily exchange from fiat to cryptocurrencies can't be overemphasized, as it has discouraged new and existing cryptocurrency investors at the same limiting the true effectiveness of the crypto space. This is because of reported scam events which have now become rampant.
Yes, the crypto space comes with a lot of benefits such as;
a. It can be accessed by anyone, anywhere in world,
b. With blockchain technology, data security is guaranteed thereby ensuring trust and reliability,
c. With the aid of smart contracts, there is an efficient real-time transaction, that is, all transactions are done with no point of failure.
These are some of the benefits associated with the crypto space, but without the easy exchange between fiat currencies and cryptocurrencies, the crypto space will always be limited. To convert to fiat, a crypto holder have to look for a local or online buyer and vice versa.
This problem and more are solved via a platform called SPOTCOIN.
In a nutshell, Spotcoin is a platform designed to easily connect the financial markets with digital assets ecosystem. Spotcoin aims to provide easy access to the trading of digital assets to fiat currencies, which is made possible by SPOTCORE.
The Spotcore is the engine that drives Spotcoin platform, its aims are to seamlessly integrate the following Spotcoin's toolkit;
a. Digital Exchange,
b. Mining Operations,
c. Spotpay Payment System,
d. Over The Counter (OTC) Marketplace.
Blockchain technology is very vital to Spotcoin's platform, and the blockchain which is suitable is the NEO BLOCKCHAIN. This is because;
a. NEO addresses legal and regulatory requirements, which can be used for both fungible and non-fungible digital assets.
b. NEO is aiming towards 100,000 TPS (Transaction Per Second) by 2020, thus enhancing scalability.
c. NEO is suitable for KYC (Know Your Customer ) and AML (Anti-Money Laundering) regulations.

THE SPOTCOIN TOOLKITS

1. OVER THE COUNTER (OTC) MARKETPLACE
   The aim of this is to enable the seamless exchange of digital currencies to fiat. With the marketplace projected to hit $10 billion per year, Spotcoin aims to be the market leader for all OTC trades in major digital currencies.
   Problem:
   The current OTC marketplace has issues which tend to limit its efficiency, such as, non-responsive customer service, no proven brokers and no means to connect traders who have large digital assets.
   Solution:
   Spotcoin provides large volume trade matching with trusted intermediary services and Spotcoin ambassadors. Its marketplace is efficient, thus ensuring one business day settlement.
2. FIAT/DIGITAL CURRENCY EXCHANGE
   This exchange will be user-friendly with global and regional trading of fiat currencies with digital currencies such as SIB, ETH, GAS and BTC.
   Problem:
   The current digital assets exchange is complicated, lacks transparency and filled with limited fiat liquidity.
   Solution:
   Spotcoin aims to solve this issues by building an exchange which is user-friendly, supporting regional and fiat currency exchange and quarterly audit.
3. MINING
   Spotcoin mining facility is located in Georgia because it offers low-cost and environmentally friendly hydropower. The facility is powered by hydroelectric power plants with mining operations up to 25MW. The facility houses 4,500 GPU miners with future installation of additional 4,500.
   Problem:
   The current mining facilities are limited by lack of access to low-cost electricity, Government regulations and the shortage of technical supports.
   Solution:
   With Spotcoin's mining facility powered by hydropower, it reduces the cost of electricity. The facility has a positive regulation environment with an experienced team.
4. SPOTPAY
   With Spotpay, users will experience fast, low-cost and POS (point of sale) transactions, made possible with Spotpay API, Secure payment widget and an App-based digital wallet.
   Problem:
   The current system lacks retail adoption and inconsistent APIs lacking documentation. The integration thereof can only be done by developers.
   Solution:
   Spotpay's API is consistent, well documented with supporting libraries. It enables the use of in-store digital currency and simple drop-in payment components.

SPOTCOIN TOKEN

Spotcoin token SPOT is an NEP-5 token built on NEO blockchain. It is a dividend token with the total supply of 99,000,000.

Information On Initial Coin Offering (ICO)

CONCLUSION

Spotcoin aims to give easy access to all and sundry by offering a seamless exchange between fiat currencies and digital assets with a low fee and a wide range of payment options.
Spotcoin also aims to offers an environmentally friendly mining facility, in addition to a retail payment system which ensures speed, security and reliability.
Furthermore, with Black Sea blockchain institute, Spotcoin aims to contribute its quota to ensure advancement and implementation of blockchain technology.

TEAM

TO KNOW MORE ABOUT SPOTCOIN

Join the Telegram Group: https://t.me/spotcointeam

Follow on Twitter: https://twitter.com/therealspotcoin

Follow on Facebook: https://www.facebook.com/spotcoin/

Website: https://www.spotcoin.com/

Whitepaper: https://www.spotcoin.com/whitepaper.pdf

Writer's Bitcointalk Username: Emmy92

Writer's Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1329140