Weekly Roundup: October 27th
What a week! We met our soft cap, launched our ICO, closed it on schedule, and announced progress on the next big project: our digital exchange. So, read on to learn about the great week we accomplished, and a look at what’s next for the Spotcoin Community.
We Raised the Equivalent of Roughly $14.5 Million
On October 22nd, after loads of hard work, sleepless nights, and sacrifice, the Spotcoin ICO went live. We were very pleased with the demand for our token and managed to raise the equivalent of $14.5 million in a combination of fiat and digital currencies.
The full details of the fundraising effort will be revealed in a financial report set to be published in the next few weeks following a third-party audit.
Here at Spotcoin, we strive to exceed expectations. The rush of the ICO, even in a bear market, validated our vision and mission to create a complete toolkit that makes digital currencies work for everyone. We are on the right track.
Spotcoin Hits Our Soft Cap
Even before our ICO launched on October 22nd, Spotcoin hit our soft cap of $5 million in digital and fiat currency in the private placement sales and pre-ICO round, with investors, partners, and crypto enthusiasts scooping up SPOT tokens in this bear market. We weren’t the only ones excited by the news. A special thanks to Captain Alt Coin, Irish Tech News, NL Times, and Blocknews Georgia, who all highlighted this mighty achievement.
The Digital Exchange is Coming
That’s right, in our mission to make digital currencies work for everyone, Spotcoin is nearing launch of our digital exchange. Initial development work is about to wrap up. If the stars align, we could open to the public in beta by mid-December. That’s right. Spotcoin plans on dropping a few dividends as gifts under SPOT token holders’ Christmas trees this winter. At Spotcoin, it’s not just about dividends. It’s about building something for the community.
Check Out These Great Spotlight Videos!
In between launching the ICO, preparing the digital exchange, and working with the Georgian government, we’ve created a few videos for our community.
Our partners, Effect.AI came all the way to Tbilisi last month for the NEO Assembly. While here, Spotcoin was so impressed by the Artificial Intelligence work they are doing, that we wanted to highlight their story. Check out our Effect.AI Spotlight Video and learn more about a great partner in the NEO ecosystem.
Last week, we featured our Hackathon Spotlight video. This week, we want you to see our Assembly Spotlight. Spotcoin and about a dozen other NEO projects met with investors, each other, and NEO Global Development to advance their work and address any hurdles. Take a look at the video and get a deep dive into the inner workings of the start-ups at the forefront of blockchain technology.
Catch up with Tim Gick
“We’re ready to finish our ICO and move onto our milestones.” Tim Gick, CEO of Spotcoin, says in a wide-ranging interview focused on all things Spotcoin. ICO Made Simple recently sat down with Tim to discuss what’s next. Thanks to ICO Made Simple for the time, and thanks to Tim for the great insight. If you have few minutes, it’s well worth a listen.
Whew! Well, that’s enough news for now. We’re going to grab a nap, a celebratory drink, and prepare for a new week focused on making digital currencies work for everyone.
Have a great weekend!
The Spotcoin Team.
Interested in more Spotcoin?
Join our Telegram community: Spotcoin Team, Spotcoin News, and Spotcoin Bounty.
Take a look at our complete ICO offering here.
Read our Whitepaper here, for more details.
Check out our in-depth publications on Medium.com
Visit spotcoin.com, where we make digital currencies work for everyone.
Residents and citizens of the countries are prohibited from taking part in the SPOT public sales: the United States, US territories, Ethiopia, Iran, Iraq, North Korea, Serbia, Sri Lanka, Sudan, Syria, Trinidad and Tobago, Tunisia, Vanuatu, and Yemen.
However, certified accredited U.S. investors can take part in the SPOT private sale. Any investment in digital currencies comes at a risk. No one should invest money that he or she can not afford to lose.
Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Although forward-looking statements contained in this email are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.
