Topic: ◄💠►ANN◄►ICO►🔵🔵SPOTCOIN🔵🔵【Bounty】💠✅51% Dividend🔥NEO🔥 - page 24. (Read 33465 times)

After read the whitepaper and other details, I am sure that this project is going to be success and also I like it most because this is made on NEO. Thanks to all the team members of Spotcoin!

Awesome venture controlled expanding on the NEO stage that will have a crypto trade and an OTC stage together at the same time.Went throught the whitepaper. It would appear that profit rate will be the exceptional edge of #spotcoin.

Yeah that is just one side of SpotCoin. This project will introduce crypto and how it works to the community including potetial investors.

I found this to be a good project that solves the current and future need to provide users with a complete digital asset management solution.

Congrats! Well, you are lucky enough to hold those neobased tokens so as to get a hold of SpotCoin which is really something. Good luck on the next airdrop, you have done it once,I guess it will be much easier on your second.

THAT IS SO GOOD TO HEAR!!!
#QLC is an important project listed on many stock exchanges, especially #Binance. It has a $ 38,000,000 #marketcap. It is perfect for #SpotCoin to do an airdrop project with such a project.

I joined the airdrop of Spotcoin for holding RPX about a week ago, looking forward for the airdrop of Spotcoin for holding EFX. Looking forward as to how this project is gonna turn out. I wish my best to the team.

Recently come to know about this project from coinmarkecal and medium blog about their ongoing airdrop for holding RPX, QLC, SWTC & EFX in neon wallet.
After reading more about SPOTCOIN, tokens can be a good investment because they are able to pay dividends to the holders which are equivalent to 51% from the exchange fees of the transactions made using Spotcoin.

Airdop pragramme!!! 400k thats awesome

Spot have great concept with many experienced development team glad that they had a Airdrop programme that will give the project a positive face. therefore this air drop is so valuble in future.

I am really impressed with your project. A project has a development team, a roadmap, a very good whitepaper. I will definitely invite everyone to join because this is a potential project.

I guess we will have to stay patient for at least another two months and see if we will get a first dividend payout from Spotpay during Q3. I know it has been announced and cancelled since last december but I am willing to wait untill the end of September to see if finally some real progress is being made behind the scenes.

Wrong. They released an update on Telegram June 30. Check out the pinned message on the official telegram.

spot scam corner the website is closed we have no news. the token his dead

Dear friends, is Spotcoin group is closed or they banned me?

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.

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. 

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.

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/

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/

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.