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#Blockchain, #Finance All projects

Spotcoin: We make digital currencies work for everyone

The power behind Spotcoin’s future businesses is the Spotcore engine, which will provide all of our users with simple liquidity.

stage Ended crowdsale

3.3 Rating

by 5 users


    KPLs

    • Employees25

    Team

    25

    Andrew Thornhill

    Co-Founder & Ambassador

    Guram Rukhadze

    Co-founder & CTO

    Giorgi Abuladze

    Co-founder & COO

    Natalia Khizanishvili

    Co-founder

    Timothy Gick

    Chief Executive Officer

    Sean Mulcahey

    Chief Strategy Officer

    Giorgi Jamagidze

    Chief Engineering Officer

    Nelly Gvadzabia

    Director of Administration

    Ketevan Popkhadze

    Marketing Manager

    Zaza Sharmanashvili

    Chief Accountant

    Byron Toshimi Yoshida

    Program Manager

    Tamar Nozadze

    Program Coordinator

    Anait Ambartsumyan

    Country Manager Armenia

    Archil Kublashvili

    Country Manager Netherlands

    Nino Kavtaradze

    Compliance Officer

    Nika Revazishvili

    Lead Blockchain Engineer

    Tornike Peradze

    Web Developer

    Shalva Giorgadze

    IT Support and Marketing Assistant

    Irakli Kadzilashvili

    Designer

    Marine Meladze

    Administrative Assitant

    Grigory Sakandelidze

    Office Assistant

    Salome Gabrichidze

    Accountant Assistant

    Zurab Kvinikadze

    Social Media and Digital Marketing Manager

    Joshua Chen

    Blockchain Community Development Manager

    Tatia Kakhetelidze

    Community Manager




    Crowdsale details

    Distribution of tokens
    • Crowdsale (67%)
    • Treasury (19%)
    • Spotcoin team (8%)
    • Marketing (6%)
    Budget allocation
    • Technical development (40%)
    • Marketing (25%)
    • Admin & Accounting (20%)
    • Legal, Licensing and Regulatory (15%)
    Details Indicators
    Token Symbol SPOT
    Full Token Name SPOT Token
    Pre-crowdsale Start June 12th, 00:00 GMT+03:00
    Pre-crowdsale End Hard cap is reached or June 14th, 00:00 GMT+03:00
    Pre-crowdsale Hard Cap Fixed, $30000000
    Pre-crowdsale Soft Cap Yes, $5000000
    Crowdsale Start July 1st, 00:00 GMT+03:00
    Crowdsale End July 31st, 00:00 GMT+03:00
    Domain owner Individual

    Cost of the token

    1 token for 0.5 $

    Price without discounts

    Accepted currency

    • Bitcoin
    • Ethereum
    • Fiat
    • Other


    Rate the project

    Estimate the project on a five-point scale or switch to the simple scale

    Five-point scale Simple scale

    Relevance of the problem and Market size

    1 2 3 4 5

    Product competitiveness

    1 2 3 4 5

    Founders, Team & Advisors

    1 2 3 4 5

    Budget allocation and roadmap

    1 2 3 4 5

    Token economy, Tokenization & Business model

    1 2 3 4 5

    Distribution & Lock up of tokens, Discounts for early buyers

    1 2 3 4 5

    Summary rate the project

    1 2 3 4 5

    Rate the project by other users

    5
    Alexandr Gonchar September 05, 2018
    Rating of project
    3.3

    Advantages

    The project creates a digital currency for everyone through direct access and simple liquidity. The team started working as an over-the-counter (OTC) clearing house in Tbilisi, Georgia, which provides ease-way transactions between the fiat and cryptocurrencies. Because of rapid growth, the project has turned into a multifaceted holding concerned with mining and education. The future ICO will give the financial support so then the team will build an automated digital currency exchange in Georgia and that will give access to a smart economy for everyone in the Black Sea region. The power for the future Spotcoin companies is the Spotcore engine and it will provide simple liquidity for all our users. The Spotcore engine will flexibly integrate digital exchange, operations for cryptocurrency mining, payment system and the OTC market. Then it will be connected to Spotcoin's user interface, simplifying the management of digital assets.

    Risks and disadvantages

    The team has extensive and global goals but this is a big mistake. At the moment, there are a large number of companies involved in mining, exchange of cryptocurrencies and management of crypto assets. These companies have billion-dollar turnovers, the most advanced equipment and millions of customers who prefer these companies, primarily because of the stability and quality of service. The geographic location of companies doesn't matter because all services are provided through the Internet.

    Comments

    I think this project wouldn't be able to gain a large audience of users and get a good impetus in development, even with their experience. The project doesn't offer anything new that can highlight this company among the rest and focus customers' attention on the project. There are so many proposals in this segment that it is just impossible to enter.

    Jordan Semanda July 02, 2018
    Rating of project
    3.0

    Advantages

    There is a big number of employees that will effectively serve the targeted market. In relation to the accepted cryptocurrencies by the platform a number of investors holding different currencies will engage in the project hence accumulating the targeted hard cap.

    Risks and disadvantages

    No information has been provided about the investors in accordance to their prior knowledge in the field of cryptocurrency. Digital marketing is an effective way of marketing and getting many people to know about the project therefore if it's not influenced by the project there are chances that it might lag behind.

    Comments

    Spotcoin has a relevant business module that is in relation with the growing market of cryptocurrencies this gives it higher chances of prosperity.

    Denys Serhiichuk June 14, 2018
    Rating of project
    2.2

    Advantages

    The team of the project consists of lots of people. Thus, most of them have vast experience in running different kind of platforms. Moreover, there are also advisors. Lots of attention have been paid to the marketing. People can get information about the project from such social networks as Reddit, Facebook, Linkedin, Twitter, Bitcointalk, Medium. The platform also offers a chance to invest with different assets, as Bitcoin, ''fiat'' currency and other ways of payment.

    Risks and disadvantages

    There is no information about partners. Another significant drawback is the absence of any alpha or demo version.

    Comments

    I barely understand the idea the team wants to reach. There are no differences between Spotcoin and any other cryptocurrency or token. As a result, there is no need to run ICO for such purpose. I would not suggest people to invest in the following ICO.

    James Young June 14, 2018
    Rating of project
    4.7

    Advantages

    The first advantage I noted is the Team, I believe this would be a strong ground for the project. Technically, the project has a comprehensive API which is another benefit from the solution market placement. Github repository looks impressive and tight, also Python is a good choice considering potential scalability and further integration with third parties.

    Risks and disadvantages

    No issues so far.

    Comments

    The project has definitely a bright future which is supported by the white paper, technically strong and experienced team and recent traffic stat.

    William Anderson June 13, 2018
    Rating of project
    3.5

    Advantages

    Major cryptocurrencies are used as a medium of exchange for the spot token which gives it value stability and growth that will benefit it while at the exchange.

    Risks and disadvantages

    Experience of the team members is required especially in the fields of blockchain technology short of this creates high chances of low returns in terms of profit. in spite the fact that the project has quite a number of social media platforms it is necessary for it to follow up the their promotion.

    Comments

    Sports activities are highly participated especially in this era for various reasons and with such ready grounds to establish a market base this projects success is vivid.


    FAQ

    General Questions

    What is the Spotcoin ICO timeline?

    The Spotcoin private sale starts on April 10, 2018 and will end at the conclusion of the public sale.

    What is the name of your token?

    The Spotcoin token symbol is SPOT.

    What is the token platform?

    The SPOT token will be issued upon the NEO smart economy platform and will adhere to NEO’s NEP-5 standard

    Why NEO?

    NEO is an open source, nonprofit, community-backed blockchain token platform that aims to create a distributed network “smart economy.” NEO is best suited to provide the platform that best supports Spotcoin’s vision for the future. NEO was specifically designed to address legal and regulatory requirements for both fungible and non-fungible digital assets. NEO also incorporates digital identities which makes its network and any tokens built upon its platform an ideal solution for satisfying know your customer (KYC) and anti-money laundering (AML) requirements. NEO’s founders intend to work within existing legal and regulatory frameworks to bring real world assets to the blockchain. Spotcoin is excited about NEO’s vision and is allocating resources to directly support NEO’s goal of 100,000 Transactions Per Second by 2020.

    Will SPOT be listed on exchanges after the ICO?

    We are finalizing partnerships with three exchanges and will provide updates on all community channels, by press release, and here in the FAQ when SPOT listings are confirmed.

    What is the token lock-up period?

    The token lock-up period for private placement sale is 12 months after token distribution.

    What is the total amount of SPOT tokens available for the private placement sale?

    Spotcoin is committing up to 16,000,000 SPOT tokens for the private placement sale.

    What is the token distribution plan?

    The total token supply will be 99,000,000 where 67% will be sold during the Spotcoin private placement and ICO, 19% held as a company treasury, 8% will be distributed among Spotcoin team members, advisors and shareholders. The remaining 6% will be spent on marketing.

    Why should I buy SPOT?

    Spotcoin will offer its customers the highest dividend rates on the market: 51% from exchange fees, as a weekly dividend and an additional quarterly dividend of 12% from net profit earned across all Spotcoin business lines.

    Is Spotcoin a mineable token?

    No, the token will be minted on the NEO platform via smart contract during the toke sale. The 99,000,000 tokens will never be increased in quantity. Tokens that are left unsold from the ICO will be burned.

    What forms of payment are accepted ?

    Digital Currencies: GAS, NEO, ETH, BTC, SIB
    Fiat Currencies: USD, EURO via bank transfer

    What level of Know Your Customer (KYC) and Anti-Money Laundering (AML) screening is required if I want to participate in the ICO?

    All investors will be required to pass our KYC/AML assessment administered by our KYC/AML partner.

    How can I store my tokens?

    Any wallet that supports the NEO NEP-5 token standard will be able to store SPOT. We recommend the O3, NEON, and Aphelion wallets.

    What is the Soft Cap and Hard Cap?

    The Spotcoin ICO soft cap is $5 million and the hard cap is $30 million (USD).


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