User talk:Spotcoin

Spotcoin is the economic platform to bridge the gap between legacy financial markets and emerging digital currency ecosystems. Because the digital currency landscape is fragmented, only a few exchanges handle fiat currencies with stringent deposit and withdrawal limits creating bottlenecks in these emerging markets. The company started from 2016 as an over the counter marketplace. They started over the counter marketplace, which means they provide high volume crypto to fiat transactions and vice versa. In addition, they they received one million dollar in seed capital, which fueled their operation. As a result, in 2017 they made 10 million dollars transactions. Beside their OTC marketplace, Spotcoin has designed environmentally friendly $3.25M facility utilizing hydroelectric power scalable up to 25MW. Our new facility will house 4,500 GPU miners with additional capacity to host 4,500 units on behalf of clients. Spotcoin’s digital asset management package with an intuitive interface that will provide access to digital currency markets, over-the-counter trading (OTC), mining, and payments. It is integrated with the new, smart economy, and features a simplified user experience.

The company is focused on Black Sea region and that is the main reason why Spotcoin is headquartered in Georgia, small country in Southern Caucasus, which is the third country in the world with cryptocurrency mining. Over 15% of bitcoin mining takes place in Georgia. There is a high adoption rate of blockchain-based technologies by the Georgian government. At the same time, they have represantative offices in Armenia and the Netherlands.

Spotcoin is cultivating working relationships with regional governments, and advancing education and innovation in the region. They have established Black Sea Blockchain Institute, which offers blockchain courses, research, and an accelerator for business in the digital asset and blockchain technology.

''The Spotcoin community will have access to the valuable insights gained through creating a smarter economy. Our weekly dividend distributions backed by reports from third-party auditors ensure transparency and accountability.'' - Said Timothy Gick, chief executive officer at Spotcoin.

In order to create their fiat to crypto exchange platform, they are preparing for Initial Coin Offering, which will be started in May 1st. The token is based upon NEP5 standard fueled by NEO and it will be purchased with as cryptocurrency (NEO, BTC, ETH) as fiat (EUR, USD) via bank transfer and credit/debit cards (Visa, MasterCard)