Dividends to be paid out much earlier than planned!
Cryptocurrency firm Spotcoin says it plans to launch its online digital exchange by mid-December, roughly a year ahead of schedule. The Georgian company will also distribute a dividend from its exchange to SPOT token holders much earlier than planned.
The statement caps a series of positive news from the company with their ICO underway since Monday. In the last week, Spotcoin has announced it hit its soft cap, met with the Georgian economy minister and NEO senior leadership, and won high praise from nearly a dozen NEO projects.
“With the ICO, the Spotcoin Team worked together to open up the smart economy for everyone. Now, Spotcoin has aligned behind the next goal: launching the exchange,” said Spotcoin COO Giorgi Abuladze. “It’s a combined effort, and one that demonstrates our dedication to delivering quality to our community, just in time for Christmas.”
Once the exchange opens up, Spotcoin will pay out 51% the total of the exchange fees to SPOT token holders weekly, proportionate to the number of SPOT tokens they hold. Spotcoin plans to test the exchange in a closed alpha by the next month. It opens the door for public beta testing in mid-December.
“Originally, the exchange wasn’t set to launch until the fourth quarter of 2019.” Tim Gick, CEO explained. “I am enormously proud of our team. This is an impressive accomplishment and one that demonstrates our shared work and sacrifice,” he said.
“The exchange is central to our success. We want everyone to have access to digital currencies and open up opportunity. The early launch proves we are keeping our promises and living up to our own high standards.”
With the exchange open, people will also be able to immediately begin buying, selling, and trading SPOT. The company said it will keep people updated via its Medium page and Telegram channel.
The Spotcoin ICO is scheduled to end on October 27th at 18:00 (UTC+4). The company has repeatedly said it thinks all tokens will sell out and the ICO will have to close early.