NEO, previously named AntShares, has quickly grown and now has one of the largest communities among its blockchain peers. Many developers are already developing dApps on the network and this interest is only expected to increase.
As NEO advances its scalability, the number of tokens based off the platform is likely to increase exponentially. That deems a need for NEO-centric exchanges; so, understandably, a number of such exchanges are on the way. However, as too many tokens may potentially surface, a possible threat surfaces: some tokens could face a severe lack of liquidity, especially since traders are likely to be spread across a vast number of exchanges.
Spotcoin wants to offer a service that goes beyond the standard exchange. Spotcoin’s underlying value is derived from the Spotcore, which is going to provide an automated exchange with the most advanced OTC market to provide a dual channel of liquidity. This is a first-ever venture to combine liquidity channels. Additionally, as mining remains the key origin of many coins, Spotcoin is further developing its existing mining facilities to offer a direct source-to-exchange coin flow for the first time.
Liquidity from All Ends
Each aspect of the Spotcore serves as a vital pillar in catapulting Spotcoin as the most prominent liquidity network.
The Exchange
Spotcoin's aim is to offer an exchange that is centered on a few specific legacy currencies, namely ETH, GAS, and NEO (plus SIB). This means that it won’t be able to cater to the largest menu of coins and tokens out there, and that's fine because this is not the project's mission. Instead, by having a focus on a particular menu of coins, Spotcoin can ensure the highest levels of liquidity by keeping funds from not being spread across too many channels.
OTC Market
Spotcoin's OTC Market has established links with necessary banks in its target region (Black Sea territory). The company has always cleared clients' transactions in the asserted time constraints. Now, the goal is to capture the largest stake of the OTC trades. To do so, Spotcoin is offering the benefit of security: clients will be given a secure dashboard platform with the most advanced security features; this bridges the security gap between OTC trades and centralized exchange trades. An added layer of comfort is guaranteed to clients seeking ultra-high volume trades as they will be provided a personal trade assistant.
Mining Flow
This is perhaps the most innovative, unprecedented, and possibly the most effective way to build liquidity. Spotcoin is completing a mega-mining plant powered through hydroelectric power.
The legacy coins that create pegs for the vast portion of tokens are the key to market-making for the vast portion of tokens. The key source of these coins at focus are mining camps. Spotcoin is internalizing the mining process and this will allow it to provide a direct flow of the major coins to the exchange and OTC market. The result is a lack of reliance on 3rd parties to do the market-making, thereby allowing Spotcoin to be the independent sustainer of its liquidity network.
Wrap-Up: Spotcoin is developing a singular product that incorporates all the key aspects necessary for successful, sustained liquidity. Spotcoin itself mines the major coins necessary for market-making on its own exchange and OTC market, and so the company correctly asserts itself as not an exchange, but a liquidity network.
Essential Spotcoin Links
🌐 Website: https://spotcoin.com
💡 Whitepaper: https://spotcoin.com/whitepaper.pdf
👨 ANN Thread: https://bitcointalk.org/index.php?topic=3173867.0
💻 Telegram: https://t.me/spotcointeam
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https://bitcointalk.org/index.php?action=profile;u=1700741;sa=summary
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Share your Thoughts
Do you feel NEO-based projects need more attention?
Should mining facilities use green energy?
Do you think Spotcoin will be successful at becoming the most prominent liquidity network?
@hatu, great post.
I think neo's got enough attention already as far as being a prominent project is concerned. I think it will also grow in size, given a regional focus. I am not sure what is the right stage for it to also become a source of liquidity like btc or eth. I think blockchain techology will evolve in a way that regional players will only gain more regional dominance as govts also start backing local R&D in blockchain, because of which I think, NEO will only become more and more important. From what I have read, there are some very important ICOs coming to NEO and I have no doubt about it being a great project. What has prevented it from being a base currency to buy others I think is also it regional focus. Coinbase is where most people buy their first crypto using fiat, and it only trades bitcoin, eth, bch and ltc. For global acceptance as another entry tool to buy other cryptos, neo needs to be on coinbase, but i don't think it is even on conibase's radar. so regional exchanges have to make neo that. therefore, yes, it needs more attention from infra developers.
Mining should definitely start moving towards green energy. I actually recently read a very interesting post on steemit, that had mentioned that energy consumption of bitcoin is quite exaggerated. It had pointed out that the first article that talked about bitcoin's energy usage used incorrect assumptions and hence the whole outcome was wrong. Nonetheless, if there is all this negative talk about it, bitcoin miners should start sourcing from green energy providers. better for the planet, better for expansion of green energy and less negative noise.
From what you have mentioned, if they achieve half of what they are trying to do, spotcoin to me will be a success. there are ways to access otc liquidity in traditional markets. there is no reason why everyone should have access to that liquidity. it just better for the overall market. and may be i am wrong about this, but right now, for me, getting originally mined coins is only possible through coinbase. there should be more players doing that, as it ends monopoly of coinbase - better fees, reduced counterparty risk for investors. what spotcoin is trying to do, should see enough demand, but then there is very threat of new entrants as far as their business model is concerned. I am sure they should see tremendous initial success, but it won't be long before others come and build similar companies. @hatu
I feel NEO's spotlight has been disrupted. Too many new blockchains. Community interest has been diverted all over. Hard to keep up with the growth in the amount of projects popping up every week.
I believe green energy is a must, not just for crypto. I know a lot of people tend to not care but we need to prioritize it. Mining is in its early stages so we should place positive seeds.
As for Spotcoin, I didn't even consider the fact that this disrupts Coinbase's monopoly. Wow, very good point!
I completely agree, there versions of ethereum popping everywhere and then there are improvements. I can definitely think of ICX, ADA, and EOS in this regard, but I am sure other regional smart contract platforms are there. I had heard of one from India as well. can't remember the name. I do think, however, that in the long run, if and when blockchain becomes more mainstreams, govt will focus on R&D in this space and they may choose regional projects.
Yeah, agreed about the need for green energy. Even if mining isn't energy intensive now, it may be in the future. But may be then, a lot of mining will become more concentrated. Anyway, there is no reason to not go green.
On coinbase, when I started to invest, i wanted to find how can i invest in bitcoin using fiat. The answers all pointed to coinbase. may be one or two more exchanges, but i think miners only directly sell bitcoin to coinbase. again, not 100% sure about this. but coinbase does seem to have a monopoly, that is there to be challenged.
Very strong point there: Government support will be instrumental in the success of regional projects. NEO is likely to get the regional support it needs.
Again, if Spotcoin can disrupt a monopoly, that'd be great. It makes the industry more competitive. Established exchanges like Coinbase charge too high imo; giving them a competitive nudge would be good for everyone.
Yeah, i hate coinbase fees. I was shocked when i first learnt about the % they take off.
@ hatu
I feel Neo is sleeping giant in today crypto market, and it will flourish pretty soon, considering the work going on in this platform and dapps being developed. I don't know why NEO is not gaining its popularity in western countries, may be because of exchanges, ,or other reason which I am not aware. But I have belief that it will soon get the height. There are different ICO going on NEO platfrom and most of them are great project including Spotcoin.
I am strong supporter of green technology. Energy consumption is another problem in crypto world, as blockchain technology and mining consumes a lot of energy. For sustainable future, blockchain must move forward to green energy mining, and it is great initiative by Spotcoin. From what you described, I believe Spotcoin will be successful liquidity network.
Thanks
You are right on spotting NEO's lack of extended fame being owed to lack of existence on many prominent exchanges. Spotcoin is giving it another platform and opening its reach to a new region; this should be good for NEO and NEP tokens.
@hatu good information about neo
which will be better idea to buy in 2019. NEO, BTC, ETH??
Buddy, look for good ICOs instead ;)
100 percent NEO will become next Bitcoin.....
We definitely have a NEO fan here!
More like new ETH...
I know what you mean, but I think @rainyeyes meant in terms of price gains.
yes i mean in price....after End of 2018 see it will go up......
I'm just waiting for the market to stabilize so I can invest in ICOs in peace haha
That was a really good post! Spot coin seems intersting. I ll have to go through the whitepaper
It's the first move to internalize mining as a liquidity source; a pretty unique concept.
Enjoy the wp read :)
@hatu Sir, Do Think That NEO has a potential to grow 100*?
Thank You, This Post is really helpful for me, your content are really unique and helpful for all of us...
Great job, Keep Doing
Another 100x would value NEO at nearly $200 billion.
That's highly unlikely. For comparison purposes, that's approximately worth as much as Toyota Corporation.
And thank you; I appreciate the support :)
yeah! you are right..... keep supporting us thank you :)
You're welcome!
@hatu...it is helpful post..should i invest in NEO for 2019?
I prefer to search for new valuable ICOs as those have a higher potential for greater returns.
hatu you can study/search on ubex ico.....
I can guarantee you that you will be able to buy Ubex on exchanges for half of its ICO price, most probably even less than half.
:l :l current price is 0.00001 in ETH ...i think it will go up.....team is good like ETN
Sadly, that has little impact on token price appreciation.
Drop you PM; I'll explain there. I don't want to deviate the article's topic :P
A very interesting post
A very professionally made material worth recommending
Regards Creator
I'm humbled!
Thank you @carbontomasz
Neo have the great potential to reach the peak, but why less news are shearing now a days for neo???? @hatu
I feel NEO needs more support. A strong liquidity network like Spotcoin basing itself on NEO is good news for NEO.
I support neo..
As I remember Neo is Chinese project. Right? These guys can drive the market crazy.
I do not invest in ico but this ico is very much like me and I will invest in it. Thanks for telling you about this ico. You write about ico on steemit. Right now, it was good to read your post and I will wait for the next post.
Hay sir. .. what's up ...? I hope you are well the reason is lf you not good then you could not post this.
It's good to see your post....☺sir your posts help me a lot.
Bye sir....we will talk again with your new one post.☺
Hi Junaid.
Glad you liked it! :)
NEO is one of the best platform for blockchain projects and is have less scammy projects than ethereum
Haha I never considered this, but you are right.
NEO is one of the best platform for blockchain projects and is have less scammy projects than ethereum
It's definitely one of the leading projects out there.
Neo can beat ETH in long term.
What do you think about ONT?
Which one I should buy now ONT or NEO?
My view on legacy coins is that it's good to diversify your holding in them. But I like to dedicate the rest od my focus on new, powerful ICOs as they have the greatest potential for goos returns.
You are right, investing in good ico gives us greatest return. But nowadays investing in good ico have toughest work. They are already created a hype in market.
Join my telegram groups:
The community will keep you updated on good ICOs.
If I have to choose Bitcoin and Neo, then whom do I choose?
But Why I Choose NEO?
True but NEO needs more prominence. That's why we need more projects on it. Spotcoin can hopefully engage enough liquidity to attract more devs to NEO.
@hatu, I think NEO needs more attention because there is a possibility that developers will rush to NEO and the market will become filled up with ICOs for solutions for blockchain built using the same NEP5 protocol which NEO was built on. NEO could start picking up market shares and it could become a huge battle between Ethereum and NEO to be the global go-to crypto for solutions on blockchain development. It might be possible, if a lot of attention shifts to NEO but I still don't think it's enough. Because if we look at how long it took for Ethereum to get at least half of the market share of Bitcoin and NEO's tech is far superior than Ethereum's, but irrational markets don’t care about which one has a better tech. For this to happen naturally, I think it would be a long and hard battle for NEO.
The thing is that there are a lot of projects on Ethereum and so it gets a lot of attention. NEO needs to be able to attract as much dev interest to draw in more public focus. A powerful liquidity network is a stepping stone. We need more critical developments like this.
But nevertheless, I see a bright future for NEO or what do you think? @hatu
@hatu I agree with @karamyog on his opinion that NEO has enough attention already, yeah but a more likely scenario that I see happening, rather than competing with Ethereum directly, is NEO dominating the smart economy of the Eastern world, then using that to further their growth and expansion. But still, Ethereum will remain dominant but NEO will slowly begin to take some market share. Though NEO may have better tech, it is very difficult to educate investors on new options, especially in blockchain as complicated as it is.
Being able to dominate the smart economy of the East is a massive feat. Let's hope and see if NEO can manage that...
yea, the future will tell. this was a great post!
Thank you!
@hatu mining makes our ecosystem energy intensive and environmentally unsustainable. The process (mining) has already consumed 0.15% of the world’s energy and that exceeds the electricity consumption of most African countries. According to Alex de Vries who said, and I quote:
And he also said that:
So we can all see that's a lot of energy it consumes. It’s therefore necessary that we use renewable energy to supply the energy consumption needs of the blockchain ecosystem. Few hydro-electric plants can also be built on nearby rivers, providing a reliable and renewable power source. Also wind and solar are good sources of renewable energy but they are not always available, that's a disadvantage but thankfully, it's now possible to convert waste (biomass) into energy, so with this I think mining facilities should use renewable energy to reduce energy crisis and so we can have a more sustainable future.
You have picked up on a very crucial offering by Spotcoin's focus on using clean energy to power the mining. You are absolutely right, mining should be done in a clean way.
it was nice reading and learning a few things
@hatu I think the future of NEO always looks bright because In January, Neo was on fire with their team having attended several conferences and having organised multiple meetups. The whole month was very bullish regarding price action, reaching ATH at over $160, now riding a rollercoaster and reaching ATH again.
After a long bullish trend that started back in December, and reaching new ATH. NEO looks like it even did a double top. It's future have always been bright. i wish it could get more attention.
There are a lot of blockchains competing for the crown; WAN, ZIL, QKC, and many more like EDEN and Tolar on the way. Funds have been diluted.
Hoever, the dApps on the new chains have mostly failed. NEO needs attention and that can be sourced by high-performing tokens and projects (profits and tech, respectively). This demands a strong support system for the investments in it and hence liquidity projects are good. NEX drew in a lot of attention as the first NEP dex and now this project wants to combine otc and centralized exchange for dual chain liquidity.
NEO is on its way to have a very strong internal support system.
@hatu to ethically mine cryto we need to use renewable green energy.The computer power needed to create a single digital token consume atleast as much electricity as the average americal household burns through in two years. each individual bitcoin transaction needs 80000 times more electricity to process than a card transaction. i think its time for use green and renewable energy for mining. we can make the crypto revolution one that every one can be proud of.
I think you meant the initial creation of a new type of a token takes a lot of energy ;)
Yes, utilizing green energy for mining needs to become the standard; good step by Spotcoin here.
as usual u analys crupto in best u @hatu
Thank you :)
There is no question that one of the main reasons cryptocurrency markets are so volatile is due to lack of volume and also liquidity. The liquiditty issue will be resolved only if there are platforms that allow for easy transactions between cryptocurrency investors. This is exactly what Blockbasis tries to solve, as we allow our users to send and receive cryptocurrency via email. No more public or private keys, send or receive your Bitcoins, Ethers, Litecoins or 20 other cryptocurrencies via email with Blockbasis.
Antshares was a way better name! Great article, looking forward to NEO/BTC/ETH 🚀🚀🚀
Thank you!
Yea, I liked the old name too ;)
@hatu great information,keep posting and have a great day.
Thank you, Sarah.
Appreciate the support.
@hatu sir at what price neo can reach upto end of 2018?
As market is red so there is only negativity in the market.
Yes crypto needs more liquidity but market is all red and no one is trusting crypto currency any more. More Decentralized exchanges should be adopted over cenretalized exchanges. Fake ICO'sshould be banned and try people investment to be at safe place so that it prevents from hack. Blockchain is a good technology but these things have to consider before getting trust. If trust of people on crypto is back then liquidity will automatically increase.
@hatu
Liquidity will come with adoption. Thats that.
hi @hatu
I definetly agree with you that crypto needs more liquidity. Plus higher scability, adoption and awareness. Crypto space has still so many needs and somehow Ive impression that this year this industry is hardly moving forward.
Do you think crypto can get more liquidity anytime soon? With current lack of regulations and negative sentiment it may take a while to get there.
Great post buddy, obviously upvoted
Piotr
I see you are irregular on posting. You have posted this post two days ago. But why? I see crypto's future on ethereum. Uploaded photo is so related about the post.
Liquidity really is the main topic in crypto even now in this bearish season. I came across this (https://medium.com/kucoinexchange/finding-liquidity-in-a-bearish-market-episode-2-ride-the-dragons-aed8e64ed593) a while ago and its also readworthy.
I am fan of NEO, it's Chinese ethereum has good future.
This post received upvote from @tipU :) | Voting service | For investors.