Spotgap.com White Paper

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Main Objective

Create a truly Decentralised Crypto & Block chain Directory to enable users to freely add content related to any crypto project. Users can add their own comments to projects with related links and at the same time earn token rewards for thier contribution to the Eco system.

Aims & Goals

a.) To create an online resource not dependent on centralised information such as direct press releases/ news articles from crypto projects based on information only they want to distribute.
b.) To enable users to write their own comments about online articles which may promote FUD (Fear Uncertainty Doubt) on purpose to steer projects in a certain direction. This method will enable users to comment on such articles with their views which may differ from the views intended by the publisher of the article.
c.) To distinguish alive projects from dead projects. Some crypto projects may be dead and still listed in Tier 1 Exchanges, but no one knows if they have been abandoned on or as Tier 1 Exchanges or even any Exchange may not have delisted it as yet and it is only used for pump and dump purposes. By users commenting on projects they can give additional information from Telegram groups and other sources.
d.) To be a research platform for users to select projects based on activities and events taking place and new developments about the projects without directly going to their web sites. Latest news articles can be posted on progress developments.
e.) To enable users to share projects in a cohesive manner with anyone by selecting multiple projects in their directories and sharing all the sites and 1 or more of their contacts.
f.) To improve to level of information available in the main spotgap.com resource by enable new articles, links & comments to be auto added to the main spotgap.com resource.
g.) To enable resources to be searched on comments rather than descriptions with in web site links or meta tags.
g.) To create a successful blockchain of online crypto resources using the Binance Smart Chain.

Road Map 2021 God Willing– Last Update July 2021

Q1 –To create an active working resource that uses the Bing spider to search for additional web, news, & video related links and being able to easily select and add the links to the directory. ACHIEVED
Q2 –To enable working Android and Iphone Apps that can be downloaded and used on user’s smart phone for the directory. Create a mining token rewards for users that enter articles into the spotgap.com directory that are distributed to them on a monthly basis. ACHIEVED
To establish an active presence on Twitter and Instagram. ACHIEVED
Q3/Q4 –To get recognised as a valid crypto project by crypto & mobile wallets and enable users to get access to spotgap token wallet address.
Q4 –To grow substantially as a resource so spotgap.com becomes the go to place for information on crypto projects by using it regularly and contributing to the project.
- To get listed in Coinmarket Cap and Coin Gecko with a ranking.

Road Map 2022 – God Willing

Q1/ Q2 –To get listed in an exchange so tokens can be freely traded by users.
To initiate communication with a T1 Exchange that is well known for staking and get the spotgap token listed in that exchange by offering high level staking rewards to users that stake spotgap tokens on that exchange.

Spotgap Token Distribution Explained

Total Number of Tokens created running 0n BSC – Binance Smart Chain – 100,000,001 – Fixed supply, non-deflationary and non-inflationary, token supply will not change.
These token are currently in existence on Binance Smart Chain as BEP-20 Tokens

50% of Token allocation is to Mining & development – Mining rewards can be earned in the form of token and will be given to each user who adds a resource article into the spotgap.com directory.

Initially for each article entered mining reward will be 3 tokens per article. The mining distribution will be done on a monthly basis into the user’s own wallet. Users must create their own account to add articles and then add their wallet address (Details will be given in due course how to add their wallet). Any users that adds articles will automatically be credited with their tokens (when token wallet instructions are released) based on the total number of articles that exist in their spotgap account.

The mining rewards will follow the same 4 year halving cycle as Bitcoin. The 1st halving cycle will be scheduled 2025 and thereafter every 4 years. The initial mining reward for each user that adds an article is 3 spotgap tokens per article. After the first halving event these token rewards with decrease by half and so forth, so for the 2nd cycle the halving reward will be 1.5 spotgap tokens per article.

The development fund will be used to develop the project as and when needed and taken from the mining and development token allocation. Even though the bulk of the work is initially done by the founder and Main Developer on a volunteer basis as the site and spotgap project grows in size more resources and time will be required and the Co-Developer and founder may need funds for this.

The founder, Main-Developer and R&D contributor and tokens allocated to the individuals in the project that initially invested all their time, resources and energy on a volunteer basis to get the project off the ground, without any financial benefit or minimum financial gain. Hence when the project succeeds (God willing) it is only fair that they should benefit. The individuals involved are also open to provide exchanges with their tokens in increase liquidity in token supply on the exchange should the need arise.

One of the aims of the spotgap token was to provide individuals in 3rd world countries and countries with low GDP and earnings ratio to be able to mine and spotgap token without any equipment, only requirement is internet connection and spending time and effort to improve the resource articles related to crypto projects in the directory. As a means of giving back to the community that will help improve spotgap.com and make it the No1 resource to research crypto projects the founders have dedicated 5,000,000 tokens towards Water Aid projects. The 3 types of water Aid projects considered will be:

  • Water well building and well maintenance.
  • Purification of currently water supply.
  • Water Aid distribution
  • Water recycling for irrigation of farmland/ agriculture
  • Water sanitisation

Any non-crypto project can apply for Aid and if approved by the Spotgap team will be able to get spotgap tokens they can then convert for currency to fund their project. Please note to quality for the Water Aid any organisation will need to have strong credentials and be able to submit a detailed proposal via email to it@spotgap.com

Team

Founder / Lead Project Manager - Adil Sheikh Profile – 20 years’ experience building directories and business portals such as Asian Business Directory, Middle East Business Directory, South America Business Directory, China Business Directory , Dubai Business Directory & Africa Business Directory.
Email: adil@portal-software.co.uk

Lead System developer / Lead programmer - BitmixSoft - 20 years’ experience in PHP Software development. Developed the PHP backend software that runs most job portals active on the internet.