An extensive overview
Fiat currencies are a lot long established are actually trusted, to some degree not entirely, and are recognized worldwide. The bad side of fiat currencies is that they are a whole lot centralized and are bound by different monopolies held by several banks and other financial institutions all around the globe.
However, Digital currencies have acquired a lot of fame over the last 2 years or so, taking a significant role in the financial world of investors and analysts. The main reason is the digital currencies are totally decentralized economic entities which are likely to become the financial monetary standard for the future. What digital currency will emerge on top will be seen, but for now, in the present, Spotcoin is performing its best job to lessen or neutralize in the conflict between the two financial platforms of the current world.
How can Spotcoin mediate the conflict?
Spotcoin is the latest cryptocurrency exchange which is created by Crypto professionals in Georgia country, and the platform will claim its place in the market very soon. The company has (OTC) over the counter for customers, which provides the clearing platform that gives quite some liquidity between the old fiat currencies and cryptocurrencies to exchange both currencies easily. The company has also invested in some mining operations and also in some very productive education projects in Georgia, and (the Georgia as I mentioned is not the state of United States of America, it is a completely separate country).
Spotcoin’s main goal is to create a world digital exchange so everyone can be able to separate the gap between the emerging currency market and the newer crypto stuff, i.e. the cryptocurrency world and the same traditional banking sector.
How does the platform work?
Spotcoin will provide banking services available for everyone all around the globe. The ICO platform already working with 10 countries crypto exchange platforms and the trade of over $10 million has been made already. The company’s project aims to create the economic ties in-between the countries of the Black Sea, Europe and China because these regions have the potential to transform Georgia for blockchain investments gateway for the whole region.
Moreover, Spotcoin ICO will initiate it's private and its public sale both at the same time, which doesn't usually happen in the emerging ICO's. The private sale will start from April 10th and the public sale will start on May 1st. Both will be finished at the same time too, the date will be June 1st.
The Spotcoin Token details
The SPOT tokens are backed by NEO Blockchain technology and the platform use the NEP-5 cryptocurrency standard. Why the Spotcoin chose neo? Because NEO is the open source project which does not aim for profits and is community-friendly. Only because of this reason choosing NEO was the best decision made by Spotcoin.
The tokens will be the best investment because the tokens will pay dividends for using spotcoins to the token holders which are same to the 51% from exchange fee transactions. Payments will be in GAS, NEO, Bitcoin and SIB and can be done in fiat currencies too, in USD, EUR and Visa cards.
The concise conclusion
For the Georgia residents the chances of using this platform are more because it will provide more benefits to them for the instance and if you are not resident of Georgia then it is probably a hard decision to make on investing in the platform or not. But the hopes for Spotcoin are high, the platform has some optimistic people involved in it.
For Further info visit:
• Website: https://spotcoin.com
• Whitepaper: https://www.spotcoin.com/whitepaper.pdf
• Twitter: https://twitter.com/therealspotcoin
• Facebook: https://www.facebook.com/spotcoin/
• Telegram: https://t.me/spotcointeam
Author details
Bitcointalk Username :- Cryptopal2
