So far, we have highlighted our OTC business line and our mining operation. Today, we want to share a bit about our digital Spotcoin exchange and our Spotcore engine that work behind the scenes, making digital currencies work for everyone.

Integrated Spotcore Technology
If our Spotcoin exchange is the face of Spotcoin, then Spotcore is the heart. Spotcore is being developed as a proprietary order matching engine that provides simple liquidity and integrated connection amongst our business lines. Spotcore is the hub of activity behind the scenes, providing centralized liquidity between our digital exchange, mining operation, over-the-counter marketplace (OTC), and our upcoming Spotpay payment system. The behind-the-scenes technology is one of our distinguishing features, and we are excited by the interconnectivity of it all.

But the digital Spotcoin exchange is where our customers will truly live and interact with us. The user interface is what matters most to users of digital exchanges, and ours will be intuitive and easy-to-use, backed by the powerful Spotcore. It’s all about simple liquidity.

Regional Focus
Based in Georgia, Spotcoin is committed to growing the smart economy in the Black Sea Region. Our exchange will support key regional 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) and international standard currencies euros (EUR) and US dollars (USD). By providing more fiat access, we open the marketplace to more people who are traditionally left out of financial markets.

It’s not just a vast range of fiat currency support, all currencies will be paired with four core digital currencies: GAS (GAS), Ethereum (ETH), Bitcoin (BTC) and SIBCoin (SIB). Spotcoin’s ability to pair fiat and digital currencies on the exchange provides our users the ability to get the best deal on the market.

NEO Focused
We’ve written about our love of NEO, but we can’t help but highlight it again. Our exchange is built with NEO in mind. We decided to design our SPOT token as a NEP-5 standard token, an easy decision that has brought us into the amazing NEO community. To support and show our love for the community, all NEP-5 tokens that adhere to the City of Zion’s “Guidelines for Responsible Token Sales” will be listed for free on our exchange.

What does that mean? On our exchange, you will be able to buy and sell NEO and NEP-5 tokens without having to transfer to and from other exchanges. It’s a win-win-win for everyone: You. Spotcoin. NEO. The smart economy.

Auditable and Scalable
Here at Spotcoin, we are committed to transparency. Our customers will feel completely comfortable and secure using our exchange. To add to that comfort, we are committed to auditing our exchange quarterly. The results will be posted for all to see on our website.

Our commitment to transparency is only matched by our support of growing, scalable transactions. Right now, NEO boasts 10,000 transactions per second, and aims to increase this to 100,000 in 2020. Spotcoin is committed to supporting the growth by providing on chain transaction data for both fiat and digital asset trades by 2020. In doing so, trust and access to the smart economy grows. Another step to making digital currencies work for everyone.

Dividends
I’m sure you are sensing a theme in our business line articles. That theme? Dividends!

Everyone loves dividends. And the exchange offers a special opportunity for extra money.

Starting soon after the exchange launches and continuing every week after, SPOT holders will receive a payout from 51% of all fees collected by the exchange. This is on top of the 12% quarterly net profit earned across all other Spotcoin business lines. This dividend will start the first profitable quarter and continue moving forward. You can’t beat a bit of extra cash.

Interested in more Spotcoin?
https://medium.com/spotcoin

Questioning the legitimacy of companies in the digital currencies space before investing in them is understandable. In fact, it’s what you should do, before parting with your hard-earned cash. We address concerns of potential investors on a daily base, in our Telegram groups and in person. Here is how you can be sure Spotcoin is fully above board, compliant and an integer company.

1) Who checks if my investment will actually buy me tokens?
After the ICO, we will have a third-party review conducted by a trusted accountancy firm — one of those big ones: we‘re fielding offers and will make a selection before the ICO — and only after that will the tokens be distributed. That is also true for people who have bought in the private sale or Pre-ICO, or earned tokens in the bounty program or airdrop. If you bought in the Pre-ICO, you can already see your allocated tokens on your spotcoin.com dashboard. Also, we work hard to always be compliant and err on the side of prudence.


2) How do you even know you’re compliant?
This is a valid question. We have a compliance department in Spotcoin who focus full time on legal issues and ensuring we remain compliant with applicable laws and regulations. Keep in mind that it is not only Georgian law that keeps our attention. We operate on the global market and therefore must ensure we are compliant with relevant laws in other countries where we conduct business.

3) All in-house? How can you be 100% sure?
If we’re not 100% sure, we contact our legal partner Juscutum, a fintech and blockchain specialized law firm. They provide us with legal advice and opinions on all existing and emerging legal issues related to digital currencies and blockchain, including issues related to compliance with new regulations as they surface.

4) What about the SEC?
Even though we are technically not required to report to the SEC since we are based in the Republic of Georgia, the country in the Black Sea Region, we have filed with the SEC anyway. American investors can only invest in SPOT if they are accredited investors and qualify under Regulation D of the United States Securities Act.

5) What standards do you hold yourself to?
Additionally, Spotcoin has implemented ISO 31000 international standards for risk management, that includes managing risks associated with evolving legal and regulatory requirements associated with FinTech and digital currencies.

6) Who is on the team?
Check out our Team page, or simply look up Spotcoin on LinkedIn. Most of our teammates have stayed on and re-upped their contracts; we have virtually no churn. So almost everyone you find on LinkedIn with Spotcoin in their profile is still with us. Reach out to us if you want — we are real people, and most of us are nice, too!

7) Who can vouch for you?
It helps to know we collaborate with a number of other companies, who clearly know us well. We have done airdrops together with Effect.ai, Red Pulse, Q Chain, Switcheo and have collaborated with Thor and Travala. We have a mining partnership with Golden Fleece. We have been operating as an OTC since 2016, with happy clients. Ask any of them! We also keep in contact with NEO, the Georgian-American university and GITA, the Georgian Innovation and Technology Agency.

What tells me you won’t take the money and run?
The token percentage allocated to the team is relatively low, at 8%, and the team tokens are locked in for a year. Running gets us nothing. And besides, why run when you love what you do? We’re part of a massive change to the global economy, and we are excited to help bring about economic development.

Interested in more Spotcoin?
https://medium.com/spotcoin/spotcoin-with-experience-comes-legitimacy-1adf04976299

This is the second part of our series about Spotcoin and government, where we look at the public sector and government issues that we are either directly involved with, or interested in joining. Last week, we stayed close to home and shared our legal vision. This week we look outwards to some of the most exciting developments in the public sector.

At Spotcoin, we are thrilled by the sheer amount of blockchain growth and opportunities. The new technology is working to upend, alter, and refine financial systems, food and agricultural tracking, real estate records, medical transactions, and secure government systems. According to a 2017 Deloitte Study, governments around the world are embracing the potential: a transformation from stuffy bureaucracy to streamlined, efficient, secure systems.

Today, we want to highlight three government use cases that demonstrate how blockchain technology works for everyone.

Georgia: Reinventing the Tax System
The newly-appointed prime minister in our home base country, Georgia, announced this week that his government will explore how to use blockchain to administer all taxes across the country except for value added tax. Development of the tax system will reduce double payments, map payments and refunds to individual and business entities, ensure accurate tracking mechanisms, and ease the administrative burden. The digital technologies will also provide the government with a cutting-edge elastic system primed for future growth and development.

Prime Minister Mamuka Bakhtadze announced the plan during a press conference in Tbilisi. Within the next year, the Ministry of Finance is expected to present a pilot project centered on revitalization of the tax system. It’s a bright beginning for the taxpayers of Georgia and an exciting one for Spotcoin.

Spotcoin selected Georgia as our home base in large part due to the openness and willingness to embrace the smart economy. Our team has an enormous amount of experience in payment processing and navigating finance regulatory issues (especially in Georgia), and we are excited to give back to the country. As Georgia launches the tax project, Spotcoin is ready to support the government with advice and expertise where warranted.

A Fully Digital Government in Dubai
In December 2017, Dubai announced their goal of running the entire city’s government on blockchain technology by 2020. Government administration is a burdensome bureaucracy based on paperwork. The jewel of the UAE plan is to shift to a paperless government, build on the backbone of blockchain. Bill payments, license renewals, visa applications, and key city transactions will be fully digitized and integrated into government administration. According to Smart Dubai, the public-private partnerships could save over 25 million man-hours and deliver a total of $1.5 billion in savings.

The development of blockchain backed government systems will integrate the technology into the daily lives of everyday people and support individuals who have been traditionally shut out of economic development. That is a goal that Spotcoin is primed to support with our exchange and Spotpay systems.

Identity Verification in the United Kingdom
Switching gears from the financial systems, the United Kingdom is investigating potential blockchain technologies for identity management. Every day there’s a new headline about data breaches and stolen identities. The result is that personal data is no longer as personal we might expect.

The UK government is in search for a way to secure identities through the blockchain. According to the report from Reform UK, an independent, non-party think tank focused on government efficiency, blockchain-backed identity management can ensure individuals control of their personal information. Most importantly, it allows them to dictate who is allowed access and in what form.

Spotcoin is watching the UK case with anticipation. Secure authorization and government backed identity will make a great case for the secure use of the blockchain. Easily traceable, trackable, digital identity records encourage speedier validation and bolster trust in the smart economy.

The Spotcoin community will benefit from these and hundreds of other projects in the pipeline around the world. Our mission to make the smart economy work for everyone is intricately linked to the success of government adoption and technology innovation. It’s a brave new world out there, and Spotcoin is proud to be a part of it.

Last month, we interviewed Spotcoin’s “Crypto Priest,” Joshua Chen. Josh is a youth minister in Taiwan and our Community Development Manager. Last month, Josh talked about his work with the City of Zion on the NEO Sharp Project, improving some of the core code. We’ll get into more technical details in the next and final article about Josh.

"I’m trying to build-up some of these developers who may be intimidated or have no idea what blockchain is."

First, we want to highlight Josh’s outreach services to the community. His ultimate goal is to recruit and mentor talented, young developers and support their education as they learn about blockchain technologies. Though based in Taiwan, Josh’s work transcends borders.

Spotcoin has a regional focus on the Black Sea region, where they are launching the Black Sea Blockchain Institute. The Institute will be a top fintech academic center, focused on Education, Research and Innovation in blockchain. The institute and accelerator will advance and incorporate blockchain technology use cases covering digitizing assets, smart contracts, and digital identities.

Spotcoin recognizes the worldwide NEO community. The internet has created a smaller world, with individuals globally connected in pursuit of a shared goal. The community is key to the successful implementation of public ledger technologies and the blockchain. And it also has the power to grow and sustain relationships beyond borders.

Josh’s role is to do just that. Though centered in the blockchain community in Taiwan, he creates bonds and incubates developers worldwide through relationships and shared experience. Continuing with our interview, Josh shares about community development and advice for future developers.


SC: What is included as Community Development Manager?

JC: One of the things I’m also doing, and tying it back into my ministry, is going to universities and talking to professors. We want to provide opportunities for students. I’m recruiting, asking them to come work on the NEO Blockchain, come and work on these projects. It can be NEO python, NEO whatever.

I’m trying to build-up some of these developers who may be intimidated or have no idea what blockchain is. They may think: “I don’t know blockchain. I don’t know the language. It’s all English and my English is not good.” (I am based out of Taiwan, where the predominant language is Mandarin)

And, I want to go and say hey, come on board! I want to be a “help you.” I want to help you earn some valuable skills and give them an opportunity to do these modern jobs. If you become a blockchain developer, there is very high demand. I want to help them find talents that are suitable to developing software or technology. I’m telling them they just need to know C#. If they know C# I can help them, get them set up, and mentor through the process. Helping them channel their youthful energy and innovation into this and incubate talent so they can see they can do it.

SC: In Taiwan?

JC: Yeah. I’m connected to Taiwan with the blockchain community here. I’m connected to a blockchain accelerator here and we’re looking at how we can create opportunities, internships. There are tons of companies here in Taiwan looking for blockchain developers and what I’m hearing over and over again is: “We can’t find people. We can’t find anyone to do it. We want to pay.” I’m seeing this, and I see the developers here and I’m trying to connect them and train them up so that they can start contributing.

SC: Spotcoin has a current regional mission in the Black Sea Region. Do you get a chance to work across borders?

JC: As I have a number of ministry responsibilities here in Taiwan, I haven’t gotten the chance to work across borders quite yet, but I would welcome the opportunity!

SC: There’s always the question from young people. “How do I get involved? What can I do?” What is your advice to those looking for opportunity?

JC: Join the community! I know that it can be intimidating and it’s hard to find the first step. But I find that if you just take the plunge and try, you may find that it isn’t as bad as you think. Alex, the maintainer of NEO-sharp often quotes Richard Branson, “If somebody offers you an amazing opportunity but you are not sure you can do it, say yes — then learn how to do it later!” You may not know everything, you may not know most things, but you know some things and you definitely don’t know nothing. Try it and learn. Everyone starts off in the same boat and if you are willing to try, you can really learn a lot. Just ask for help.

SC: What are the opportunities to get interns and recruit?

JC: If you are local in Taiwan and in particular Tainan, and have some technical expertise in Python or C# and want to learn how to do this with others, contact me at [email protected] . I would love to talk with you!

SC: Do you currently hire? Do you know what future staff screening may look like?

JC: Right now, I do hire locally for part time work. In the future, we will look to expand this out further. We are evaluating what kind of staff we are looking for in the future.

SC: What about people who may not be developers. Are there other ways to get involved with the blockchain community?

JC: Yes! Documentation is always a good starting place. Reading through and asking the questions can really help in writing documentation. You may think you know nothing and can’t help. But in reality, you are in the best position. You are learning and the questions and thoughts you have are going to be typical of anyone involved in the beginning of the project. So your perspective is going to be invaluable. Most of those who are involved already have a different perspective and things that are intuitive to them aren’t intuitive to those who are just starting out.

In conclusion: the blockchain community is open to all.

And people like our own Josh Chen make it work for anyone. There will be one more article with Josh coming up, in which he goes into more depth about the technical side of the NEO Sharp Project. So if you’re a developer or just interested in NEO, watch this space!

If you want to know more about Spotcoin,you can found it right here :
https://medium.com/spotcoin/spotcoins-crypto-priest-at-neo-part-2-71d3f0ee0dbd

One of the things we love about the blockchain and crypto space is the unbridled idealism we encounter. Cynics talk about tulips, bubbles and scams, but there is a large community putting their heads down and grinding away to create a smarter, more open and transparent world. There is a real, shared vision out there that we wholeheartedly support.

In yesterday’s article, we already talked about how we work with the Georgian government to drive implementation. We had our own reason to start Spotcoin and since we’re all about transparency, we would love to share it with you.

Where to start?
At Spotcoin, we love enabling people. So does Simon Sinek. The author and business consultant created his wonderfully simple model for brands to express just why they’re in business — and it’s not just to make money.

It’s called the Golden Circle and you start in the middle and work from the inside out. So it starts with why, the intrinsic motivation to do something. Only then do you move on to how you want to achieve it, and what it is that you actually do every day.


Simon Sinek’s “Golden Circle” (Mosborne01/Wikimedia cc by-sa 3.0)
This is Spotcoin’s golden circle
Why
We want to make digital currencies and blockchain technology work for everyone.

How
We break down barriers between digital currencies and their use in the real economy.

What
We make digital currencies accessible to as many people as possible. Our exchange will seamlessly connect digital and regular currencies for a free flow of capital. We advance education, innovation and implementation in the Black Sea region.
Surely, that’s not the only way to put it.
A more traditional way is to speak about purpose, vision and mission. Now, a common mistake is to see vision as a way of how you see the future, whereas it should really be about your own view on the world: a personal truth you hold dear. From there, the mission can be about goals.

For Spotcoin, that would work out like this:

Purpose:
Make digital currencies work for everyone.

Vision:
The great potential of blockchain technology can only be fulfilled if it aligns with and builds upon the economic systems that are already in place.

Mission:
To break down barriers between blockchain technology & digital currencies, and the traditional economic systems, by providing a smooth, fast and trustworthy interface and advance blockchain education, innovation and implementation.

How does the ICO help?
The ICO is needed to raise funds to make the digital exchange possible. Our aim is to have the exchange up-and-running as soon as possible, as it is the key to providing access to the Black Sea Region. We have already been servicing clients with our OTC, but that’s really meant for large scale trades and not for everybody. Whereas that is exactly our goal: everyone should be able to take part and benefit from the smart economy.
A digital, automated exchange can operate at far fewer costs per client, lowering the threshold dramatically. Also, we’ll be the first for several markets to offer direct local fiat currency to digital assets exchange services. Meaning people can use their lari, lev, lira, and rubles to buy a number of cryptocurrencies directly, without having to exchange into USD or Euros first. This makes it far more attainable to the masses.

And what do you get for supporting our mission?
Besides a warm, fuzzy feeling inside, we do have a solid business offer for investors in our SPOT token. Since we want to create access for the masses, we have also made our business model contingent with reaching those masses. We offer 51% of our exchange fees as a weekly dividend. That means that as more and more people trade in digital assets using our exchange, the small fees they pay will add up to create return on investment.

Every week, we will pay out 51% the total of the exchange fees to our token holders, per ratio of the number of SPOT tokens they hold. On top of that, we offer 12% of the net profits of our other Spotcoin business lines, like our OTC, mining operations and future webshop application SpotPay, as a quarterly dividend. Let me sum that up for you

-Weekly dividends of 51% of our exchange fees

-Quarterly dividends of 12% of the net profits of the other Spotcoin business lines.

Altogether, we believe we can make digital currencies work for everyone, including our token holders. If you’re still on the fence, we hope a closer look at our established OTC will make a difference. We’ll do that in our next article. Hope to see you there.

Interested in more Spotcoin?

Join our Telegram community: Spotcoin Team, Spotcoin News, and Spotcoin Bounty.

If you want to know more , find out right here :
https://medium.com/spotcoin/spotcoins-road-to-the-ico-4064f2893d5b

Community Appreciation Airdrop
To show our appreciation to the amazing community we have built and continue to work with, we are delighted to announce a 10% bonus airdrop for all ASA token purchases made before June 20th 2018.

In order to receive this 10% bonus airdrop, all you need to do is purchase a minimum of 1 NEO before June 20th 2018 (11pm CET). The bonus ASA will be deposited into all the NEO wallets that have contributed to our token sale within 10 working days after September 30th 2018.

(Note the 10% Airdrop bonus is based of 1 NEO = 5000 ASA. You will receive 500 ASA for each NEO contributed in our token sale)
*regardless of the Bonus you may have received during your initial contribution

If you have already purchased ASA tokens during our token sale, you will automatically be eligible for the bonus 10% airdrop.

Thank you to all our early adopters for your support. We are striving every day to create a supportive and friendly community for all gamers and thank you for participating in our token sale.

Battle Royale Announcement
Let’s face it, in a short space of time, Battle Royale games have become big business and there is a rapidly growing eSports scene to match.

With this in mind, the ASA World team is excited to announce the addition of PUBG (PlayerUnknown’s Battlegrounds) and Fortnite to our portfolio!

For anyone who has taken a short break from gaming, the following statistics may surprise you:

Fortnite’s monthly player count has topped 40 million! — Making it “the 31st largest country in the world.” (1)
The PUBG Global Invitational 2018 will take place July 25–29 with a $2 million dollar prize pool (2)
This growth is amazing for eSports and the gaming community as a whole.

ASA are excited to offer the Fortnite and PUBG communities the following:

Stable, regular tournaments
Customizable and exciting betting rules like you have never seen before.
Tamper-proof — all in one gaming platform powered by NEO smart contracts
We look forward to working with all streamers, content creators and eSports enthusiasts within these Battle Royale games to grow the ASA World Platform from launch.

Thank you to all our community for your help in giving ideas and feedback for the future of the SPAM BAN World Platform. We are listening!

On June 6, 2018, Spotcoin will open a pre-token sale whitelist, which begins at 18:00 (UTC +4). Slots are limited to 1,250 participants on a first-come, first-serve basis. Those who successfully apply, will receive a 20% discount on SPOT tokens, and will not be subject to a lockup period.

The pre-token sale has a hardcap of 2.5 million SPOT tokens, which will be sold at a price of $0.40 USD per token. Spotcoin has limited the minimum investment to $1,000, and the maximum to $50,000 per participant. Those selected will be able to participate using Bitcoin (BTC), Ethereum (ETH), NEO, GAS, SIBCoin (SIB), or with the Euro (€).

For information on how to register for the pre-token sale whitelist, visit below: