Spotcoin: Streamlined FinTech Solutions To Access Capital

Spotcoin is developing a complete digital asset management toolkit.

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We make digital currencies work for everyone through direct access and simple liquidity. We started as an over-the-counter clearing house in Tbilisi, Georgia that provides ease of movement between fiat and cryptocurrencies. With our rapid growth, we've expanded into a multifaceted powerhouse engaged in mining operations and education. With the funding from our upcoming ICO, we will build an automated digital currency exchange in Georgia that gives everyone in the Black Sea region access to the smart economy.

The power behind Spotcoin’s future businesses is the Spotcore engine, which will provide all of our users with simple liquidity. The Spotcore engine will fluidly integrate our digital exchange, mining operations, payment system, and the OTC marketplace. This will then connect to the Spotcoin user interface, that makes digital asset management easier than ever.

OTC Marketplace

Large Volume Trade Matching

Due to the limited availability of liquidity, digital asset exchanges typically impose stringent limitations on daily and monthly withdrawals and deposits. Spotcoin works with multiple banks in Europe to facilitate high value bank transfers. Our highvolume clients receive effective, efficient trading with quality assurance due to our redundant banking relationships. As our proven model continues to experience rising demand in trading volume, Spotcoin is actively establishing additional banking relationships to further increase its fiat liquidity. 

Trust Paradigm

Spotcoin acts as both a trading intermediary and an escrow service for fiat currencies and digital assets. We have earned a reputation as a trusted intermediary by successfully settling every trade entrusted to us. As a result, our agent network has expanded by word of mouth based upon our next business day settlement policy. 

Next Business Day Settlement 

Spotcoin has developed a T+1 standard for all transactions. We are developing automation tools and strategic partnerships to grow our existing OTC business allowing Spotcoin to scale. Our development team has already completed 25% of our OTC platform, including: digital asset wallet integration, automated deposit and withdrawal functionality, 2-FA, and a basic user interface.

Spotcoin Ambassadors

All of our services meet or exceed the exacting standards required by our clients. Any OTC client that trades in excess of $1M per month is assigned a Spotcoin Ambassador that will provide personalized service for each and every trade. 

Digital Exchange

Regional Exchange Solution

Spotcoin is developing an exchange, built from the ground up to directly address the regional market demand for digital assets. Currently, there are few exchanges that support fiat currency in the Black Sea Region and the majority have a limited number of trading pairs. Our exchange will support the following regional fiat currencies: Georgian Lari (GEL), Ukrainian Hryvnia (UAH), Romanian Lei (RON), Moldovan Leu (MDL), Russian Rubles (RUB), Bulgarian Leva (BGN), Turkish Lira (TRY), Armenian Dram (AMD) as well as Euros (EUR) and US Dollars (USD). Spotcoin’s exchange will provide support in English, Russian, Mandarin, Georgian, and Armenian languages at launch. 

Simple Trading

Bitcoin has become the standard trading pair for digital assets due to the high cost of listing additional pairs on most exchanges. The fee for exchange listing can cost up to 20 BTC per trading pair. We will offer four primary trading pairs: GAS (GAS), Ethereum (ETH), Bitcoin (BTC) and SIBCoin (SIB). All listings on Spotcoin’s digital exchange will be paired with these four primary assets. Spotcoin actively supports the growing smart economy and will list all NEP-5 tokens that adhere to the City of Zion’s “Guidelines for Responsible Token Sales”, free of charge.

Quarterly Audit

Spotcoin will engage will engage an accounting firm to conduct quarterly audits, the results of which will be published on our website when completed. As NEO scales to 100,000 transactions per second (TPS), Spotcoin plans to provide on chain transaction data for both fiat and digital asset trades by 2020.

Spotpay

Enabling Retail Payments

Spotpay will provide a secure point of sale (POS) system solution for brick and mortar retail establishments as well as an easy to use, drop-in payment widget for all major shopping cart platforms and a consistent API with supporting libraries. Spotpay will leverage Spotcore and the digital asset exchange to provide instantaneous payouts in the merchant’s desired currency (fiat, digital or a combination of the two) with transactions occurring at the current market price.

API and Payment Widgets

Spotpay will provide a digital asset payment API that is simple, yet powerful, consistent and well documented. In addition, customizable pre-build UI components will be available to enable drop-in integration with existing websites.

Spotpay will also develop plugins for all major shopping cart platforms, allowing merchants to enable Spotpay checkout with the click of a button. Support will be provided in the form of open source API libraries in the following languages: PHP, Ruby, Python, Java, .NET, and NodeJS. 

Transparent Fees

All fees will be clearly displayed to the buyer and the seller; no unpleasant surprises. Transaction fees will be priced competitively according to the current market at launch.

Mining

Georgian Hydropower

Georgia generates more than 75% of its electricity from hydropower giving it the highest proportion of total hydroelectric energy production in the world. Georgia is the second most popular country for Bitcoin mining the world, capturing 15% of the global market. Spotcoin partners with the Zhinvali Dam on the Aragvi River which has a total capacity of 130 MW. Together with its partners, Spotcoin is currently utilizing 1.1MW of capacity in Zhinvali and other sites in Georgia. The public rate for electricity in Georgia is less than 6 cents per kW in bulk. Spotcoin can further reduce this cost by working directly with the power plants. 

Georgia Incentivizes Mining

Current regulations allow all digital asset miners Value-added Tax (VAT) exemption for hosted mining services.

Experienced Community

Spotcoin is a member of the Georgian Mining Hosting Association. Studies estimate that 1-in-5 Georgian university students are directly involved blockchain technology or mining. The Spotcoin Team has access to over 20 highly-trained engineers and technicians capable of supporting our mining operations. Spotcoin’s 10MW mining facility is currently under development and and can scale up to 25MW. 

 

ANDREW THORNHILL
Co-Founder & Ambassador

GURAM RUKHADZE
Co-founder & CTO

Giorgi Abuladze
Co-Founder & Chief Operations Officer

Natalia Khizanishvili
Co-Founder

Timothy Gick
Chief Executive Officer

Sean Mulcahey
Chief Strategy Officer

Nelly Gvadzabia
Director of Administration

Ketevan Popkhadze
Marketing Manager

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Each day thereafter, new MTN tokens will be sold in a DPA at the rate that is the greater of 2,880 MTN per day.

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Each day thereafter, new MTN tokens will be sold in a DPA at the rate that is the greater of 2,880 MTN per day.

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20 nov - 25 dec
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