INGOT COIN - Project Review
Ingot coin is a fully decentralized ecosystem that has been created with the aim of connecting the traditional financial markets to the cryptocurrency markets and in the process providing solutions to the problems that has plagued the financial markets over the years.
The Blockchain
The blockchain technology created back in 2008 has been the infrastructure at the core of the decentralized era. The blockchain really is a public ledger of stored information/data that cannot be altered and is managed by a peer to peer network. Created along with the first cryptocurrency, which is bitcoin, the blockchain has led a series of decentralized innovations to a lot of industries in the world. Gone are the days when people have to go through long processes, verification and lengthy waiting times before money can be transferred across borders, blockchain has made this possible.
The development and implementation of smart contracts have revolutionized a lot of industries as decentralized platforms can now be created with blockchain solutions aimed at solving their problems in a more economical, efficient, and rewarding manner.
The Financial And Traditional Market And Their Shortcomings
The world's financial and traditional market, as large as they may are, has a lot of shortcomings preventing them from reaching its optimal potential. These are problems faced by either of, or both the established and new investors. According to the Ingot Coin Whitepaper, some of these problems are;
- Overly high fees in the financial markets
- Market entry barriers
- Lack of trust in the market
- Large investors are preferred to the smaller investors
Similarly, for all the innovative technology of the blockchain, the cryptocurrency market is not without its inefficiencies and shortcomings. However, according to the Ingot Coin Whitepaper, those of which include;
- Lack of trust in the crypto market
- Lack of connection between the crypto market and the traditional markets, and
- Impractical Crypto Exit Strategies
Ingot Coin, powered by the blockchain has been created to provide solutions to these problems.
The Innovative INGOT COIN Solution
The fully decentralized Ingot Coin ecosystem will consist of 6 major components, which will, in turn, create a single platform with the solutions to the above-stated problems of both the traditional financial and cryptocurrency markets. The Ingot Coin ecosystem through the blockchain will provide the much-needed bridge between these markets.
Components of the Ingot Coin Ecosystem
- IC Wallet
- IC Digital Bank
- IC Brokerage
- IC Exchange
- IC Certifier
- IC ICO Accelerator
The Ingot Coin Ecosystem will enable financial, crypto or multiple investors to through its platform access a wide range of opportunities that is previously unavailable to them at a massive scale.
For example; the Ingot Coin Exchange is a huge revolution in itself, the type of exchanges we have been used to are either, fiat to fiat, Traditional to fiat, crypto to fiat and crypto to crypto. There has never before been a platform to combine this all in a single exchange. Ingot Coin has achieved that and in turn, given investors unlimited financial opportunities.
Conclusion
The Ingot Coin ecosystem is a true revolution inspired through the blockchain and has the potential to revolutionize all the markets in question. This is, however, an introduction of the project, and in my next article, I will be shedding more light on the components and the features put in place to make the platform a success, so stay tuned.
This article is not written to serve as an investment advice, so always do your own research. Below are the official links to the project website, whitepaper and official social media communities.
Official Contacts
Website: https://www.ingotcoin.io/
Whitepaper: https://www.ingotcoin.io/documents/en/white-paper.pdf
Bitcointalk ANN Thread: https://bitcointalk.org/index.php?topic=3307981.msg35568332#msg35568332/
Telegram: https://t.me/INGOTCoin
Facebook: https://www.facebook.com/ICOINGOT/
Twitter: https://twitter.com/ICOINGOT
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