Crypto needs MORE Liquidity!

in #ethereum6 years ago (edited)

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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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?

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@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 feel NEO's spotlight has been disrupted.

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.

Mining is in its early stages so we should place positive seeds.

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.