◄💠►ANN◄►ICO►🔵🔵SPOTCOIN🔵🔵【Bounty】💠✅51% Dividend🔥NEO🔥

[dickyram88]

"Spotcoin is developing an automated marketplace and will obtain all necessary licenses to increase our global trading capabilities."

I hope this is the best project..

Btw, i want to Reserved Indonesia translation, request section: all +moderation..

If are you interested for accepted me,  please PM @icobest360
Thank you

[1714748600]

1714748600

[DeViL303]

Spotcoin Weekly Roundup October 15

Racing towards our ICO, now just one week away, it would be easy to say that we are approaching a finish line preceded by a year of hard work often marked by 80-hour work weeks. The truth is that the SPOT ICO is just the beginning that leads to the Spotcoin digital exchange coming online and the future growth of all our business plans.
https://medium.com/spotcoin/spotcoin-weekly-roundup-october-15-c2cfe2867e05

[kusumadewi]

That's great time line SPOTCOIN already have OTC. What is the minimum transaction one can do on OTC platform???  Will the profits from the existing OTC will be distributed as part of the dividends to SPOT holders?

SPOTCOIN are currently in the process of building a more advanced automated OTC platform. Their development team has already completed 25% of OTC platform. It is only open to large volume trades. The OTC trading desk works independently of the ongoing development of the automated OTC platform.

"Will the profits from the existing OTC will be distributed as part of the dividends to SPOT holders?" - YES.

[Jekwizor]

The Spotcoin ICO is Only 4 Days Away
At long last, the wait is nearly over. October 22nd is around the corner, and at 18:00 (UTC +4), the ICO opens up to the public. At Spotcoin, we’ve been building toward this moment for months, and now that it is nearly here, we can hardly contain our excitement. It’s been a winding road, but what a journey!
https://medium.com/spotcoin/the-spotcoin-ico-is-only-4-days-away-395a9d6d57cd

[termion]

I have a question about the mining pipeline. What exactly will be mined as neo and the nep5 based token are not mineable? Thanks for any answer.

SPOTCOIN will mine whatever is the most profitable at the time with GPU’s. Digital assets gained from mining operations will be used to provide liquidity on exchange and OTC. Extra space in the facility can be used for mining contract leases or expansion of own operations.

[DeViL303]

Spotcoin Hits Soft Cap Ahead of ICO launch
Supporters snapping up SPOT in a bear market
Sometimes, when we are so mired in the weeds of everyday business, we forget how powerful the blockchain community is and how loudly they speak on what they love. Today, we realized we may be one of those things the community loves because our ICO is a success and it hasn’t even started!
https://medium.com/spotcoin/spotcoin-hits-soft-cap-ahead-of-ico-launch-852a99304ebe

[kusumadewi]

I know so that means if not all is sold the 2:1 ratio Will still be taken right So a 99 Mill dollar Will not be divided over 99 Mill tokens but over less tokens So Thats more dividend per token

[termion]

Technically SPOTCOIN cannot burn NEO-based Tokens. Only lock long years in a smart contract or send to wallet where noone stores the private key, better is to only mint the token amount required after SPOTCOIN get the exact numbers of tokens required.

Since most tokens haven't been minted yet, I heard they will only mint as many tokens as necessary.  The Team knows what's best and will do it. Unsold tokens won't be minted.


"Spotcoin is pleased to announce ICO is a success, with $14.5 Million raised (unaudited approximation in mixed currencies). An audit of the final amount raised is expected to be released within a month. "

https://medium.com/spotcoin/the-spotcoin-ico-closes-with-over-14-5m-unaudited-tally-388f13141509?fbclid=IwAR3e-Mo4jMDtA0BWHkpBC_nM0OzumEfiAI1vEQgcH3k98vbhk7XF_xF_3t8

[moderator's note: consecutive posts merged]

[gartmah]

Weekly Roundup: October 27th
Exchange launching soon as ICO ends successfully
https://medium.com/spotcoin/weekly-roundup-october-27th-627583edde18

[Boing7898]

I know so that means if not all is sold the 2:1 ratio Will still be taken right So a 99 Mill dollar Will not be divided over 99 Mill tokens but over less tokens So Thats more dividend per token

The ratio ICO/team is fixed at 66/33 so if we have 66M tokens for ICO there will be 33M for the team. Since SPOTCOIN sold 14.5M or about 30+M tokens plus Airdrops and bounty, say 35M the there will be 17.5M minted for the team so total would be 52.5M in that case.

[kusumadewi]

SPOTCOIN will only list ETH on the beta. Not going to list a bunch of ERC20 tokens at the beginning. Of course NEO will be listed. BTC/ETH/NEO all will be listed . Stay tuned.

[termion]

Important information: As developer said, SPOTCOIN will be fully licensed before going live and SPOTCOIN already registered with the SEC. This is very great information.

Very well . Mid December i will wait for beta version and start trading. Now times have changed, people no longer invest just for quick profit.

[Boing7898]

Is the opening of the exchange also still on time? (think that was planned for December, right)? Any dates in mind regarding final results and tokens distribution ? Thanks for any answer.

[ice18]

Is the opening of the exchange also still on time? (think that was planned for December, right)? Any dates in mind regarding final results and tokens distribution ? Thanks for any answer.

Telegram moderators said that new announcement will be announce tomorrow regarding the final audit status, I hope its finally done in 1 month many supporters are waiting on how spotcoin will react once listed on the market.   

[AndrewBUD]

As far as the developers have announced, the release of tokens will begin on December 12.  Although not everyone is happy with this decision, but in my opinion it is no longer possible to wait with distribution.  Competitors breathe in the back.  Who was the first - he won.

[N_toscare]

my congrats to Spotcoin with this news about top 15 projects of the year, solid development is going right now i believe!
https://news.p2pb2b.io/top-15-promising-crypto-projects-2018-p2pb2b-choice/

[tusneegnug]

Something is definitely not right with this ICO.

They released what they are calling an "audit" (https://medium.com/spotcoin/spotcoin-post-ico-update-c25c38d014ab) but it raises more questions than it answers and the numbers do not make sense.
 
**Spotcoin stated terms of sale**
* Hard cap: $30M
* Soft cap: $5M
* Tokens max: 99,000,000
* Team/Public ratio: 1/2
* Max to sell: 66,000,000
* ICO Price: $0.50
* Pre-ICO Price: $0.31-$0.40*
* Private Placement Price: Unknown
* Per investor token buy limit: 1,000,000 SPOT
* Private Placement Allocation/Limit: 16,000,000 SPOT
* Pre-ICO Allocation/Limit: 2,500,000 SPOT
 
**Aduit Figures**
* Total fund raise: $14,631,594.94
* Public/sold: 65,204,670 (65.86%)
* Treasury: 18,810,000 (19.00%)
* Team: 11,770,000 (11.89%)
* Marketing: 2,022,335 (2.04%)
* Total mint: 97,807,005 (98.79%)
* Burned: 1,192,995 (1.21%)
* Total: 99,000,000 (100.00%)
 
This gives an average sale price of just 22.44 cents per token, much lower than any published sale price to date.
 
If all 16,000,000 private placement tokens were sold for *just 1 cent each*, and all 2,500,000 Pre-ICO tokens were sold at the minimum of 0.31 cents, this would mean the public sale would have an average sale price of just 29.33 cents per token which is below the minimum Pre-ICO price.
 
Hypothetical sale numbers based on audit:
Total    65,204,670      $14,631,594.94          $0.2244
Public   46,704,670      $13,696,594.94          $0.2933
Pre-ICO  2,500,000       $775,000.00             $0.3100
Private  16,000,000      $160,000.00             $0.0100
 
Something does not seem right...
 
**Sources**
* Spotcoin FAQ - https://spotcoin.com/faq https://archive.fo/UGbk4
* Spotcoin Whitepaper v1.6 October 15 2018 - https://spotcoin.com/whitepaper.pdf https://archive.fo/xJhxX
* Spotcoin Steemit - https://steemit.com/neo/@spotcoin/time-to-take-action-exclusive-spot-pre-ico-sale-opens-tuesday https://archive.fo/HRaAx
* Spotcoin Medium - https://medium.com/spotcoin/spotcoin-post-ico-update-c25c38d014ab https://archive.fo/4uZLr
 
*Remember reading somewhere that the Pre-ICO was actually 0.31-0.40 rather than just 0.40 but I cannot find the source, maybe it has been scrubbed?

This is also being discussed on reddit now:

https://www.reddit.com/r/CryptoCurrency/comments/a62y4c/spotcoin_preparing_for_exit_scam/
https://www.reddit.com/r/NEO/comments/a6312m/spotcoin_preparing_to_exit_scam/

[tusneegnug]

Also, very strange stuffs being said on Telegram; https://i.postimg.cc/MqQkYSHt/spotcoin-ico.jpg

And despite them saying that token distribution is happening on December 12 (https://medium.com/spotcoin/token-distribution-starts-on-december-12-73a2c68942fd) and then token distribution is not happening on December 14 (https://medium.com/spotcoin/spotcoin-post-ico-update-c25c38d014ab) some tokens are being distributed:

https://blolys.com/en/#/mainnet/nep5/2830fc346b1c7a350914fbaea5ef7b3fbe3c994c

A small number of transactions-but a large number of tokens. Several millions.

What happens here?

Also people say they can buy under terms different than what was published; https://i.postimg.cc/1XptBkwH/buyer.jpg

Nothing here is making much sense.

[ice18]

I hope spotcoin will not turn into scam I know something is wrong with this team because they are not answering questions from investors about distribution for the delayed and the final audit seems some discrepancy issues, the team must be honest inorder to make this project more successful. 

[Fabsquire]

I guess at this point we can only wait to see if Beta will come out in about 3 weeks time and if we will be going to mainnet afterwards around the beginning of Q2. This would for me restore faith in the project.