Spotcoin’s OTC marketplace was established in November 2016 to provide digital to fiat currency trading services for clients worldwide. Spotcoin intends to become a market leader for trusted OTC trades in all major digital currencies. Spotcoin is developing an automated marketplace and will obtain all necessary licenses to increase our global trading capabilities. Exchange
Our digital asset exchange will focus on a simple user-interface providing global and regional fiat currency trading pairs with four core digital currencies: GAS, BTC, ETH and SIB. Spotcore, our proprietary order matching engine, will provide centralized liquidity between our digital exchange, mining operation, over-the-counter marketplace (OTC), and our Spotpay payment system. Mining
Through our formal partnership agreement with Georgian Mining Company, Spotcoin has designed and initiated an environmentally friendly $3.25M facility utilizing hydroelectric power scalable up to 25MW. Our new facility will house 2,250 GPU miners with the capacity to host up to 9,000 additional units on behalf of clients. Spotpay
Spotcoin’s innovative payment system is a key aspect of our “simple liquidity” ethos. Spotpay will provide a secure payment widget, an API and app-based digital wallets that will provide consumers with fast, low-cost, and secure point of sale transactions. Spotpay will integrate with Spotcore to provide instantaneous payouts in the merchant’s desired currency with transactions occurring at the current market price. Spotcoin intends to capture $1M per month of the estimated $100M existing retail digital currency marketplace by Q4 2020. Black Sea Blockchain Institute
To help the region keep pace with the disruptive impacts of distributed ledger technologies Spotcoin is establishing the Black Sea Blockchain Institute to fulfill three key functions – Education, Research and Innovation. The institute and accelerator will advance and incorporate blockchain technology use cases covering digitizing assets, smart contracts, and digital identities. Projects will be selected by the blockchain community and accelerated through institute funding, directly addressing problems within the Black Sea Region.
Chief Executive Officer
Chief Strategy Officer
Director of Administration
Information Technology Manager
ICO Program Manager
ICO Program Coordinator
Armenia Country Manager
Netherlands Country Manager
Digital Marketing Manager
Lead Blockchain Engineer
Rated on 2018-03-30
Rated on 2018-04-13
I like the idea of the OTC marketplace and blockchain research/education in the Black Sea Region, but the vision could be a bit more focused, otherwise it's confusing, ultimately it's about the business. The team lacks diversity and product is still in development. Good luck and let me know once the project matured a bit, happy to revisit my rating. Product rating is 2 because of the token being ultimately a security (dividend payout). How do you guys want to get it regulated? UPDATE (13.04.2018) after the more info was provided re security token I've revised the rating. I like the fact that the team seems to be aware of the legal challenges.
Rated on 2018-04-19
Rated on 2018-04-28
Great project - I love to see maturity entering the marketplace. Solid existing business with real employees.
Rated on 2018-05-06
Great guys, met them in private. Have a great expectations from this project!
Rated on 2018-08-13
The team is good and experienced as it comes to the industry but most likely lacks ico/fundraising experience. None of advisors presently marked their relation to the project which certainly looks suspicious. I wonder what support from NEO they get as it is unclear in the WP. No business planning and competititive analysis as well.
Rated on 2018-07-25
"Spotcoin is developing an automated marketplace and will obtain all necessary licenses to increase our global trading capabilities." Which are the licences that you need to obtain in order to scale?
Rated on 2018-07-31
Strong and solid team composition. Good point for the project. I love the OTC idea but still a bit concerned about its security token which is recently regulated by the US Gov. hope this does not affect the strategy of the project later on. Good luck!
Rated on 2018-08-06
Good project - Solid existing business with employees. Also, the company already has 2 funding rounds. Idea is good but they are trying to do to many things at once. Hopefully, they will be able to manage on track with their roadmap.
Rated on 2018-09-09
Interesting concepts on NEO. I think this project have a future, looks promising. I hope the team wont give up in the "race", good luck team. This idea is novel and looks set to dominate the future of cryptocurrency in the nearest future.
Rated on 2018-09-22
Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
Ratings and ICO analyzer results are being updated (re-calculated) every few hours.
Spotcoin was co-founded by: Andrew Thornhill Giorgi Abuladze Guram Rukhadze Natalia Khizanishvili
Completed $1.5M in transactions
Trading exceeded $5M with profit surpassing $10,000 on a single trade
Appointed CEO and received $500,000 in initial seed funding
Moved into new offices and hired 20 new staff members
Pre-ICO phase. Received $500,000 second round funding
Trading Logic Integration & Matching Engine
Advanced UI & notification system. Admin panel & customer support tools
Functional testing, security audit completed & launch