![unnamed (4).png](https://cdn.steemitimages.com/DQmQNupkhiShvgBaJvb9TvW7H7S2dLxmXDwdQ1p97CRDff3/unnamed%20(4).png)

Introduction

The digital asset marketplace most times copys a future market more than a spot market. In order to ensure that user are provided with an efficient, cost-effective alternativefor navigating and utilising the digital marketplace, spotcoin was founded. 
Spotcoin is cofounded by Andrew Thornhill, Giorgi Abuladze, Guram Rukhadze and Natalia Khizanishvili to meet the increasing demand for rapid digital to fiat currency trading. 

Spotcoin and NEO

![Slick-Sheet-Sinlge-Layout_01.png](https://cdn.steemitimages.com/DQmeRUN9Yze6toZqq5AhBGdVucwPkSooWPYZmbWQA6n1W7E/Slick-Sheet-Sinlge-Layout_01.png)

NEO, an open source, non-profit, community-backed blockchain token platform aims to create a distributed network “Smart Economy.” NEO is ideally suited to provide a platform for Spotcoin’s vision for the future. Spotcoin excitement about NEO’s vision makes it worthwhile to directly allocate company resources to support NEO’s goal of 100,000 Transactions Per Second by 2020.

OTC (over the counter) Marketplace 

The OTC marketplace is ladened with some perceived problems which spotcoin is here to solve. Some of them and there spot solution include;

i. Fiat exchange limitations which has spot solution as- Large volume trade matching

ii. Lack of proven brokers with a spot solution viz- Providing trusted intermediary services

iii. Limited means to connect large traders of digital assets and a solution viz- Efficient marketplace with one business day settlement

iv. Non-responsive customer service and a spot solution of Spotcoin Ambassadors 

Digital exchange 

Spotcoin has ways of surmounting the problems militating against smooth digital exchanges among which are:

i. Limited fiat liquidity

The spot solution for this problem is exchange supporting regional fiat currencies. This exchange is built from the ground up to directly address the regional market demand for digital assets. Spotcoin 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. 

ii. Complicated exchange

Spotcoin provides a simple trading means of exchange by offering 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.

iii. Lack of transparency 

Spotcoin devises a means of making every transaction transparent by engaging four large accounting firm to conduct quarterly audits, with the results bbeing published on spotcoins website when completed. 

Mining 

Spotcoin and its team has a formal partnership agreement with Georgian Mining Company and has therefore designed and initiated an environmentally friendly $3.25M facility utilizing hydroelectric power scalable up to 25MW. This arrangement is expected to house 2,250 GPU miners with the capacity to host up to 9,000 additional units on behalf of clients. 

![image.png](https://cdn.steemitimages.com/DQma3MH2mvtugSQRGGVYHrmufbCcNUPTPVHydrW47Shbd4U/image.png)


Black Sea Blockchain Institute 

Spotcoin establishes this institute to help the region in help the region keep pace with the disruptive impacts of distributed ledger technologies. This institute will help the region in terms of Education, Research and Innovation as regards blockchain development and contracwebsite

For more information please visit the website
https://www.spotcoin.com

Or join the community on telegram
https://t.me/spotcointeam

Written by  Ebykamsiokoro