Meets spot, The mobile application is beautifully designed to control your cryptCurrencies. It looks like a wallet tracking application. But the company has built a strong foundation to add more features in the coming months. You want Spot to be your unique gateway to the world of cryptocurrencies.
"The Spot vision is not to build a portfolio tracking tool – we've gone a bit beyond this feature," co-founder and CEO Edward Steigen tell me. "Ultimately, we want to become the application to manage all of your cryptos, a kind of Revolut but with crypto DNA."
When you install the application for the first time, you can connect it to your current portfolio by adding public addresses. Even if you store your icons on your hardware portfolio, Spot can read the public details of your Wallet to view in the app.
"We have our own contract on Ethereum, Petcuen, Litecoin, Stiller and others to recover the amount on your portfolio," Steegmann said. Data is also checked with third-party services to make sure that everything is fine.
Spot also allows you to connect to the swap account using the API keys. Now, the application supports Binance, Kraken, Bitfinex and Poloniex, but the company is already planning to add more exchanges.
The app gives you a detailed overview of your properties across all services and portfolios. See the outlines and discover which token performs better than the rest. It's also one of the best-designed mobile apps I've seen this year – animations and interactions are great.
But Spot does not rely on the API for pricing information for each token. "We have been building CoinMarketCap from the start, and we are one of the few companies that have done so," Steigman said. The company stores pricing information for dozens of tokens across 150 exchanges. This is a lot of couples.
If you hit the Spot logo at the top of the app, you can see the maximum value of your wallet if you exit stock exchanges at the highest prices for your icons. The company ensures that there is enough volume to offer you consistent prices.
Spot believes that controlling your data is so important that API calls can not be relied upon. When you have your own data, you do not have API limits, you do not have much reliability and you can measure them more quietly.
After that, you will be able to trade directly in the application. The company will not build a stock exchange of its own, but you can expect to buy and buy the token through a third party exchange without having to visit the website.
"We believe that many things will be symbolic and that there is no user-friendly interface to transfer, receive, buy and sell," Steegmann said.
The company has collected a $ 1.2 million (1.056 million euro) exact tour from Kima Ventures and businessmen, including Eric Larchevêque, Thomas France from Ledger, Jean-Daniel Guyot, Thibaud Elzière, Eduardo Ronzano, Nicolas Steegmann, Sébastien Lucas and Nicolas Debock.
Disclosure: I have small amounts of different coded currencies.