INGOT Group provides through its entity INGOT Brokers, a wide variety of products and services which includes ETFs, international shares and indices, commodities, metals, energies, as well as currencies. Since its establishment,INGOT has been providing the newest and most up-to-date financial products.
Why INGOT Using The Blockchain
The IC Ecosystem will be based on the blockchain technology and will utilize Smart Contracts to facilitate the execution of different contracts, while eradicating the need for intermediaries and external interferences that restrict investors from fully engaging in all markets. By adopting blockchain, we are creating a specialized ecosystem that will substantially increase customers’ confidence, market liquidity and -most importantly- provide efficient market pricing and access to funds for all variety of stakeholders.
The IC Ecosystem will transform trades, settlements and payments and make them instant, bringing together different necessary components and cutting out third party intermediaries who usually delay the process and increase associated costs.
The Problems
Transferring funds in bull markets is quite hard, never mind in bear markets. We have seen the drop in crypto prices in late 2017 and how it impacted a lot of crypto participants as they were either unable to liquidate their tokens into other financial instruments or were forced to pay large fees to do so. Until recently, the worry of an inefficient exit strategy in the Crypto market was disregarded, especially when prices were soaring. As more investors, institutions, and funds started participating, it has become apparent that neither the traditional financial system nor the crypto market can establish a direct connection between the two. Many enterprises across various industries now accept and store cryptocurrency as a method of payment in order to keep up with competition and increasing demand, but unfortunately most are unable to moderate their exposure and risk.
INGOT Provides Its Solution
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.
To ensure no means for market manipulation and leakage of unethical or illegal money in the Ecosystem, the KYC and AML policies must suffice and exceed the needs of all parties, whether its regulators, banks, brokers or exchanges.
The KYC and AML compliance may seem strict to some investors; however, this is a necessary procedure to ensure the safety of the Ecosystem and all stakeholders. This is done to make the Ecosystem trustworthy, secure, transparent and compliant; consequently, filling the Ecosystem’s singular KYC allows participants to open one account in the IC Digital Bank, the IC Exchange, the IC Brokerage, and the IC wallet simultaneously to trade crypto, fiat, and traditional instruments hereon after.
The Ecosystem Caps
Hard Cap
Based on our extensive financial model, we have placed a hard cap of $90,000,000. This number will ensure we provide the best services with optimal allocations into each component of this all-inclusive ecosystem. The values plotted below include the best registrations with top-notch developers implementing on state-of-the-art technologies.
Many assets will be shared among the Ecosystem. The above values include cost of licenses that depend on the country of choice. Different countries have different costs and presents us with different statuses.
Soft Cap
Our Ecosystem could be constructed in rounds. However, the main core should be implemented simultaneously. Having said that, we have included the main components with their minimum value to be launched with a minimum of $37,000,000.
There is a huge discrepancy between the soft cap and the hard cap, this is due to component budgetary cutbacks. The components that have will be eliminated from the outer circle of the Ecosystem, IC Accelerator and IC Crypto Certifier.
Telegram Group: https://t.me/INGOTCoin
Twitter: https://twitter.com/ICOINGOT
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Website: https://www.ingotcoin.io/
Whitepaper: https://www.ingotcoin.io/documents/en/white-paper.pdf
Bitcointalk ANN/Bounty: https://bitcointalk.org/index.php?topic=3581009
Bitcointalk ID: Cashinout
Bitcointalk Link: https://bitcointalk.org/index.php?action=profile;u=2370240
ETH Address: 0x65a3f1DCBF0e6cABD5ed843BA86CC12d7466067c