The Spotcoin ICO private sale starts on April 10, 2018 and will end on June 1, 2018. The public sale starts on May 1, 2018 and will end on June 1, 2018.
The SPOT token will be issued upon the NEO smart economy platform and will adhere to NEO’s NEP-5 standard
Why NEO?
NEO is an open source, nonprofit, community-backed blockchain token platform that aims to create a distributed network “smart economy.” NEO is best suited to provide the platform that best supports Spotcoin’s vision for the future. NEO was specifically designed to address legal and regulatory requirements for both fungible and non-fungible digital assets. NEO also incorporates digital identities which makes its network and any tokens built upon its platform an ideal solution for satisfying know your customer (KYC) and anti-money laundering (AML) requirements. NEO’s founders intend to work within existing legal and regulatory frameworks to bring real world assets to the blockchain. Spotcoin is excited about NEO’s vision and is allocating resources to directly support NEO’s goal of 100,000 Transactions Per Second by 2020.
The token lockup period for private placement sale is 12 months after token distribution.
Spotcoin is committing 15,340,000 SPOT tokens for the private sale.
The total token supply will be 99,000,000 where 67% will be sold during the Spotcoin private placement and ICO, 19% held as a company treasury, 8% will be distributed among Spotcoin team members, advisors and shareholders. The remaining 6% will be spent on marketing.
Spotcoin will offer its customers the highest dividend rates on the market: 51% from exchange fees, as a weekly dividend and an additional quarterly dividend of 12% from its business lines.
The token will be insta-mined and ran using the NEO platform. The 99,000,000 tokens will never be increased in quantity. Tokens that are left unsold from the ICO will be burned.
All investors will be required to pass our KYC/AML assessment administered by our KYC/AML partner, Coinfirm.
Any wallet that supports the NEO NEP-5 token standard will be able to store SPOT. We recommend the NEON wallet. (http://neonwallet.com/).
The Spotcoin ICO soft cap is $5 million, and the hard cap is $30 million (USD).
Public Sale Info ;
The SPOT public sale begins on May 1, 2018, at 18:00 (GMT+4)
The SPOT public sale ends on June 1, 2018, at 18:00 (GMT+4)
SPOT will be sold during the ICO at a price of $0.50 (USD).
Spotcoin is committing 50,000,000 SPOT tokens for the public sale.
No, citizens and residents of either the United States, China, or Korea may not participate in the SPOT public sale.
A minimum 50 SPOT must be purchased to participate in the public sale and a maximum of 1,000,000 SPOT may be purchased during the public sale.
***12 month lock is for private sale only.
https://assets.spotcoin.com/pdf/Spotcoin%20ICO%20-%20Brochure.pdf
https://www.spotcoin.com/whitepaper