With the recent advancement in technology, cryptocurrency has become one of the most useful needs in our lives because of how beneficial it has been to the society. Comparing its conception up until now, it has grown to massive heights of about $350 billion market capitalization. More people embrace cryprocurrency and rely on it for trading and other possibilities but there has been some conflicts between the legacy financial markets and the digital assets ecosystem(cyptocurrency).
Yes, the digital assets ecosystem has been of tremendous help to mankind but more of these digital assets are introduced daily into the system that it has almost lost its transparency, security, makes it look difficult etc, this is one of the reasons the legal financial markets find it difficult to consummate the possibilities in cryptocurrency.
Well, this is what Spotcoin is here for.
Spotcoin has an already existing over the counter marketplace that was launched in November, 2016 and this platform has been designed to seal the bridge that separates the financial markets and the digital assets by providing efficiency, transparency and also liquidity by which any asset can be sold without alterations in its value and can be immediately converted to fiat at any point in time. Spotcoin is backed up by a blockchain token platform called 'NEO' because it goes in line with the vision Spotcoin has in terms of Know Your Customer (KYC) and Anti-money Laundering (AML) regulations.
What features makes up spotcoin?
1. **Over the Counter Marketplace (OTC);** currently there are challenges in the OTC system, liquidity, lack of proven brokers, poor customer services. Spotcoin intends to make bank transfers of high value more easier, provide large trade volumes to match fiat exchanges and ambassadors that will always be available to attend to issues.
2. **Digital Exchange;** Spotcoin is creating an exchange to accommodate many fiat currencies and as well as integrate a support system for several languages. For the trading pairs, Bitcoin has been well known to be a default trading pair but spot coin will in addition to BTC, list other pairs like ETH, GAS and SIB to make trading costs more bearable. Its interface will be user friendly and emit transparency by engaging in quarterly audits.
3. **Spotpay;** the problem of inconsistency in legit API documentation, lack of retail adoption will be replaced with providing a Point of Sale POS, system with which both digital or fiat transactions can easily be processed, offer proper documentation using a digitalized API and all payments will be open to both buyer and seller.
4. **Mining;** the provision of consistent electricity at a low cost and create an easy-to-follow regulation for users.
And as a bonus feature, spotcoin will also bridge the gap in the understanding of blockchain technology through the establishment of the Black Sea Blockchain Institute(BSBI) which will partner with innovators, educators, and government representatives to preside over education, innovation and research.
Summarily, Spotcoin is what we need to gather both the cryptocurrency professionals and the startups for them to trade despite the currency they hold.
**The Team**
A group of vision driven professionals
**ICO and Token Details**
Useful links
Website: https://spotcoin.com/
Whitepaper: https://spotcoin.com/whitepaper.pdf
Twitter: https://twitter.com/therealspotcoin
Facebook: https://www.facebook.com/spotcoin/
Medium: https://medium.com/spotcoin
ANN: https://bitcointalk.org/index.php?topic=3173859
Telegram: https://t.me/spotcointeam
Writer :- FumBerry
Writers bitcointalk profile link:- https://bitcointalk.org/index.php?action=profile;u=1820253
Email:- j.funanya@gmail.com
Telegram:- @fumberry