25 June 2018
Spotcoin is a NEO blockchain driven platform that promotes simplified and fast cryptocurrency trading. In the process they ensure that everyone using digital assets are satisfied with the outcome of their trade. Spotcoin has only recently announced that it had reached a strategic cooperation agreement with Juscutum for the purpose of the Initial Coin Offering (ICO) for its utility token simply known as SPOT.
While the private sale of the SPOT token commenced on the 10th of April, 2018 at (GMT+4) with the Pre-ICO ending early as soon as their objective had been achieved. With the ICO, Spotcoin will be able to extend their highly lucrative OTC counter into an international and fully automated digital asset exchange that will expose the NEO Smart Economy especially to nations from the Balkan region.
Spotcoin takes pride in its ability to be forthright in all its activities and to this end they have reached a strategic agreement with a Ukraine based law firm known as Juscutum which will be responsible for the provision of the legal infrastructure for the ICO. With the legal framework in place by Juscutum, Spotcoin will be fully compliant with all the rules and regulations relating to the public sale of its SPOT.
According to Tim Gick the CEO of Spotcoin, the reason why they decided to enter into the strategic cooperation with Juscutum is because they are seen as a very proactive legal firm providing professional legal services particularly for technology oriented firms. He further stated that the Juscutum team comprises of highly talented and bright individuals with very impressive knowledge and understanding of their area of expertise.
Juscutum are seen as the ideal legal partners particularly in the NEO Smart Economy. They were the first legal firm to accept Bitcoin payments and they have also being recognised for their highly creative “Legal Alarm” system for mobile application, winning multiple prizes for their innovation in the process.
The strategic cooperation will see the legal teams of both Spotcoin and Juscutum work hand-in-hand in the following areas;
– In the area of the Initial Coin Offering (ICO) corporate structure.
– In the preparation of the Initial Coin Offering (ICO) legal documentation.
– In the SPOT Token Legal Design.
– In securing every relevant license and approval.
Spotcoin takes both regulation and transparency for the NEO Smart Economy very seriously. As a matter of fact, Spotcoin sees the adherence to regulation and the transparency of the NEO Smart Economy as a major part of what is needed in their quest to ensure that everyone is basically satisfied with the trade in digital assets.
The Spotcoin SPOT Airdrop as well as the Public Sale is not open to citizens and residents of the United States of America, Trinidad and Tobago, Iraq, China, Bosnia and Herzegovina, Syria, Serbia, Sri Lanka, North Korea, Ethiopia, Vanuatu, South Korea, Yemen, Iran, Tunisia and Sudan.
Spotcoin however stated that those certified investors from the USA are permitted to participate in the SPOT token private sale. Both South Korean and China investors are also allowed to take part in the SPOT token private sale as well, provided payments are made using digital assets and not FIAT.
They will also be required to complete all AML/KYC procedures as well as append their signatures to the SAFT form. Investors should also note that investment in digital assets is an investment that has its inherent risks and they should not invest their funds if they are not ready to absorb a loss.
You can check out the legal services offered by Juscutum by visiting their official website right here. If you are interested in getting more information on the SPOT ICO, you can do so by checking out the entire ICO offering here or you can visit their official website at www.spotcoin.com
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