Blockchain technology is transforming the world around us and with it, has surfaced many projects geared towards achieving this goal and solving many problems predominant in our society today. In the cryptocurrency world today, some coins are known as utility tokens and some others as securities. These security tokens have found it very difficult to be listed on some of the centralized exchanges and have only been traded on the decentralized exchanges which have little or no liquidity when compared to the liquidy ratio of centralized exchanges. This has stunted the performance of some security tokens and dragged the price to the mud. Security tokens are good as it helps people get a passive income through the dividend sharing and other holding benefits.
To this effect, there is a need for more liquidity platforms for the cryptocurrency assets. These liquidity platforms will help sustain the price and performance of each asset at all times. An example of such liquidity platform is Bancor. But there is a limitation to tokens it houses, as it only houses Ethereum blockchain compatible tokens.
This has left other security tokens which are not Ethereum based to the mercies of low liquidity as seen on the decentralized exchanges.
Spotcoin is changing this by introducing an economic platform built on the Neo blockchain, with the aim of creating an interface for easy transactions of both fiats, digital assets, mining, making payments and over-the-counter trading. The digital asset ecosystem can perform all their transactions on the spotpay interface.
Spotcoin will be offering a digital to fiat payment services to ensure every user gets maximum satisfaction and is also able to participate in the digital asset ecosystem. With the spotcoin exchange, there is provision for regional and global fiat trades, this trades will be against the following pairs: BTC, ETH, SIB, Spotcore. Spotcoin will be giving out a dividend sharing window for all its investors, in this window, every investor shares in the dividend.
The dividend sharing will be done on a weekly basis with a 51% payout to all spotcoin holders. It is also bringing about transparency in the digital asset ecosystem. Users will be able to buy goods and services and merchants will also be able to state which currency they want to be paid with. this will ensure everyone gets satisfaction from each transaction. spotcoin provides the following services on their platform: over-the-counter payments, mining facility, fiat to cryptocurrency exchange, spotpay retail payments.
Essential Links
Website: https://spotcoin.com
Whitepaper: https://spotcoin.com/whitepaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=3173867.0
Telegram: https://t.me/spotcointeam
My Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1016770
