Spotcoin Hits Soft Cap Ahead of ICO launch

Supporters snapping up SPOT in a bear market

Sometimes, when we are so mired in the weeds of everyday business, we forget how powerful the blockchain community is and how loudly they speak on what they love. Today, we realized we may be one of those things the community loves because our ICO is a success and it hasn’t even started!

Spotcoin team members led by CEO Tim Gick (middle)

Spotcoin is elated to announce that we have already hit our soft cap of $5 million. Even before our public ICO, many people have taken part in our private placement sales and pre-ICO round to scoop up SPOT tokens using a combination of fiat and digital currency.

“Now our primary emphasis is getting the exchange online as soon as possible.” — Byron Yoshida, ICO Program Manager, Spotcoin

First on our agenda after the ICO wraps up is to get the digital exchange up and running.

“We know there is a need for fiat and digital currency solutions. Liquidity is key and that’s what we do here at Spotcoin,” Byron Yoshida, Spotcoin’s ICO Program Manager said as he looks forward past the ICO to what is next on the horizon. “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.”

Spotcoin is ready for the next challenge. That’s where we thrive. Spotcoin CEO Tim Gick knew Spotcoin had the right product for the right time. When you fill a need, people show up. But he also knew it was a risk for Spotcoin to launch in the current market.

“It’s a bear market. Not an ideal time to launch an ICO. And that was always a risk,” Gick acknowledged. “But we knew there was a need for simple liquidity, ease of access, and reaching the Black Sea Region of 300 million people. 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 said.

“We are on the right track.”

Indeed, we are. Because of the amazing Spotcoin community, our wonderful partners, a truly dedicated staff, and you. Together, we are executing a mission to make digital currencies work for everyone.

And don’t forget! If you haven’t already had a chance to pick up some SPOT, your chance comes on October 22nd at 18:00 (UTC+4). See you then!