The Ingot group is finally adopting crypto, they are coming to the crypto space with over 23years of experience in the financial industry. The Group which have a head office in Australia has fortune companies across multiple industries and it manages 10 companies that invest across five segments; financial services, trading solutions, financial education, advisory consulting, as well as technical services and solutions.
It's a company that adapts to new technology, now they are coming on the blockchain with their own project and crypto currency called INGOT Coin (IC). They are building an ecosystem that has six major components which are:
The IC Digital Bank
IC Brokerage
IC Exchange
IC Wallet
IC ICO Accelerator
And
IC Crypto
INGOT Coin (IC) aims to integrate the traditional financial industry with the blockchain innovation by offering a complete Ecosystem that provides crypto holders with the access to all financial services.
SOME OF THE CHALLENGES IDENTIFIED BY IC ON THE CURRENT FINANCIAL & CRYPTO MARKET:
According to IC present financial services mainly consist of financing, investment management & advisory, trading and insurance. INGOT has identified some of the challenges facing this industry to be efficiency, transparency and high fees which discourage investors.
INGOT Coin (IC) as seen an opportunity which is actually a challenge to investors in both crypto and traditional markets, the lack of connection between the crypto market and traditional market will be an advantage to INGOT as they will be providing a solution to this challenge.Participants in both markets often do not find it easy to cross over or move their capital from one market to the other as a result of large transaction costs, time and money.
The IC Solution/ Ecosystem:
According to INGOT Coin (IC) white paper
INGOT coin will create a complete solution by integrating 6 core ecosystem components and providing a one-stop-shop for the digital asset, traditional asset and currency markets to solve all the above-mentioned challenges, thus, creating a link between the crypto market and the traditional market. The IC Ecosystem will establish 6 different components to work hand in hand under one umbrella, providing all community members the chance to capitalize on upcoming opportunities in all markets. The Ecosystem’s components, as shown below, are the IC Wallet, IC Exchange, IC Brokerage, IC Digital Bank, IC Certifier and IC ICO Accelerator.
The IC Solution/ Ecosystem Explained:
IC Digital Bank will provide 24/7 automated payment processing with high-level web-based custodial services managing the IC Brokerage and IC Exchange duties along with day-to-day online services such as e-payments, current accounts and saving accounts handled by debit cards. IC Digital Bank will provide fund management for all interested stakeholders.
IC Brokerage creates a hub of liquidity, e cient market pricing and access to all financial products, ranging from fiat currencies to international equities, and from commodities (Agriculture, metals and energies) to ETFs.
IC Exchange is a single platform offering two venues, our ICO platform and the full
fledge all-inclusive exchange. The exchange will be listing major coins and newly
issued ICOs. Moreover, the Exchange will enable trading the current financial
instruments: ETFs, futures, commodities and fiat facilitated by the Ecosystem’s
Brokerage, Bank and Wallet.IC Wallet will be working as a custodial for all crypto holders in our ecosystem. The
wallet will insure multi-sig and cold storage systems to create a secure environment to
all stakeholders.IC ICO Accelerator is a boutique specialized in assisting blockchain projects to issue
their ICOs, the boutique offers professional services for supporting ICOs creation
through collaboration with advisors, law firms and specialized marketing companies,
all the way to listing successful ICOs on the exchange.IC Crypto Certifier will empower market participants, through delivering
industry-leading certifications in crypto markets. Webinars, seminars and expert
blogs will have a swift and direct impact on raising awareness and knowledge.
THE TOKEN
The INGOT COIN token is a security and utility token. It will be used for transactions on the INGOT COIN ecosystem. The IC Exchange will charge a preferred rate on all transactions paid by IC Token, compared to payments done by other major cryptocurrencies or fiat currencies.
The total number of tokens to be distributed is 120,000,000 IC all unsold tokens will be burnt.
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