Financial institutions like banks as we have come to experience over the years are unreliable, heavily influenced by a few, and as much are inefficient, lack transparency. Investors face unending problems trying to move their assets from one trade to another.
The Blockchain & Financial Market
The advent of blockchain technology brought with it solutions to majority of these problems. Steadily the blockchain technology has continued to reshape modern trade. It introduced a new solution to trading that eliminates middlemen, it’s peer to peer protocol enable individuals, institutions to transact business in a seemless, secure, transparent, and trustless manner. It has so far opened a lot of opportunities and continually, individuals, businesses, corporations has continued to embrace the revolution.
Current Market Problems
Inasmuch as blockchain technology has the capability to provide a transparent, fast, reliable, secure solution to the financial industry, the reality is that up till now there are still problems and flaws inherent in the current implementations available. The crypto market was supposed to provide an instant pathway for individuals who wish to move their assets from traditional financial markets to cryptocurrency market but so far they haven’t been able to accomplish this. As a result, there is discord between financial market and crypto market, investors and institutions have continued to find it increasingly difficult to make the switch to crypto market.
As a result of ineffective market structure, the traditional financial institutions take a lot of time to process investors data and trade. The involvement of a lot of middlemen in transacting business in financial market result in a lot of time being spent from one end to another, also investors are charged high transaction fees at the different stages of the transaction. The crypto market are not without their share of the problem, liquidity problem, lack of trust and a lot of technicalities are some of the problems participants experience on average.
Ingot Solution
The IC ecosystem aims to develop an unparalleled, revolutionary, blockchain based ecosystem that will bridge the gap between the digital crypto market and the financial market. Providing a complete toolset that will enable investors to perform and execute transactions according their financial needs in an efficient and timely manner.
Based on blockchain technology, the IC ecosystem will employ smart contracts that will facilitate trades in a transparent, secure and instantaneous manner. This will eliminate the need for intermediaries and other external interferences that’s accustomed to financial markets that limit investors from fully engaging in all markets. In order to make this a reality, Ingot Coin is integrating 6 core components that make up the IC ecosystem;
- IC Wallet is a blockchain based wallet where investors can securely store all their cryptocurrencies and fiat.
- IC Brokerage will provide the necessary liquidity for investors.
- IC Digital bank is a hybrid blockchain bank bearing some traditional market characteristics, the IC Digital bank will provide banking solutions like opening and managing different bank account types.
- IC Exchange is made up of the IC wallet, IC brokerage, and IC Digital bank, it will be able to cater to the needs of participants. The IC exchange will support crypto, fiat and traditional financial instrument pairs.
- IC Crypto Certifier will provide the necessary tools for educating all participants, will offer courses which and award participants certificates at the end of each course.
- IC ICO accelerator will provide marketing strategies, services, whitepaper content creation and other essential services to upcoming ICOs in order to help them raise the required fund for their project. ICO accelerator will also oversee the listing of ICOs on the IC exchange at a considerable price.
Ingot Token & ICO Details
The InGot Coin (IC) is the platform token of the InGot ecosystem, it will serve a hybrid purpose – an utility and security token. IC will be used for payment of different services on the platform, token holders will be able to earn returns from the growth of the InGot ecosystem.
The pre ICO has ended and currently Ingot Coin is at the ICO stage which will last until the 11th of August 2018. InGot is offering a total of 75% of the total supply of 120,000,000 IC for sale during the ICO period.
1 IC = $0.1
Accepted payment: ETH, BTC, XRP, and other cryptocurrencies listed on the website.
Soft cap: $37,000,000
Hardcap: $90,000,000
Conclusion
Ingot legacy is to eliminate the current market entry and exit problems, establish inclusion of participants from traditional and cryto markets through it’s innovative techniques and solutions. We will be able to see a more inclusive crypto market.
Official Ingot ICO links
Website: https://www.ingotcoin.io/
ANN Thread: https://bitcointalk.org/index.php?topic=3581009
Whitepaper: https://www.ingotcoin.io/documents/en/white-paper.pdf
Telegram: https://t.me/INGOTCoin
My Bitcointalk Profile https://bitcointalk.org/index.php?action=profile;u=2171173