With the Spotcoin ICO launch firmly underway since Monday afternoon, the company is riding a wave of support from its community and other NEO projects following its surprise announcement a day earlier that it hit its soft cap of $5 million USD. Based in Tbilisi, Georgia, the company said it is excited to accomplish that milestone in the cryptocurrency bear market.
Spotcoin CEO Tim Gick describes the success as “having the right product for the right time.”
Spotcoin says that token buyers took part in the private placement sales and pre-ICO round to scoop up SPOT tokens using a combination of fiat and digital currency. The company adds it has its eyes firmly set on the horizon even as the ICO continues into Saturday.
“Now our primary emphasis is getting the exchange online as soon as possible. We want that access for everyone. Plus, our investors will enjoy the bonus of dividends,”? says Byron Yoshida, Spotcoin’s ICO Program Manager. “We know there is a need for fiat and digital currency solutions. Liquidity is key and that’s what we do here at Spotcoin,” he notes.
“We are ready for the next challenge. That’s where we thrive. When you fill a need, people show up,” Gick states. “It’s a bear market. Not an ideal time to launch an ICO. And that was always a risk. But we knew there was a need for simple liquidity, ease of access, and reaching the Black Sea Region of 300 million people.”
The Spotcoin ICO started on October 22nd at 18:00 (UTC+4) and will conclude on October 27, 18:00 (UTC+4), unless available tokens sell out before the scheduled closing.
”To us, reaching this milestone validates our mission and lets us know we’ve won the confidence of our investors, our whole community, even in the bear market,” Gick concludes.
If you would like to have your company featured in the Irish Tech News Business Showcase, get in contact with us at [email protected] or on Twitter: @SimonCocking
More about Irish Tech News
Irish Tech News are Ireland’s No. 1 Online Tech Publication and often Ireland’s No.1 Tech Podcast too.
You can find hundreds of fantastic previous episodes and subscribe using whatever platform you like via our Anchor.fm page here: https://anchor.fm/irish-tech-news
If you’d like to be featured in an upcoming Podcast email us at [email protected] now to discuss.
Irish Tech News have a range of services available to help promote your business. Why not drop us a line at [email protected] now to find out more about how we can help you reach our audience.
You can also find and follow us on Twitter, LinkedIn, Facebook, Instagram, TikTok and Snapchat.