ICO-project INGOT aspires to become a pioneer, providing innovative solutions in financial markets. The IGNOT economic system is a tool for exchanging, storing, managing, investing and other operations with all types of assets. That is, the platform will be able to combine traditional and cryptographic assets.
What problems does the project solve?
The global economic system, the mainstay of ICO-project INGOT aspires to become a pioneer, providing innovative solutions in financial markets. The IGNOT economic system is a tool for exchanging, storing, managing, investing and other operations with all types of assets. That is, the platform will be able to combine traditional and cryptographic assets.
What problems does the project solve?
The global economic system, the mainstay of which is the financial markets, has a lack of efficiency and transparency. Strongly it began to be felt in the era of blockchain, because of the complete lack of connection of financial markets with crypto-platforms.
Traditional investors, as well as crypto-investors, face the following problems:
The lack of correlation between the crypto- and traditional markets - they seem to be isolated from each other. Therefore, investors and asset holders are experiencing difficulties in diversifying their capital and moving crypto and traditional assets, which manifest themselves in a long time of transaction and high commissions.
Market structure, which has low efficiency. Because of the centralization of markets, investors lose a lot of time.
High commission. Significant fees for transactions arise due to participation in transactions of third parties. The technology of blockchain will exclude the participation of intermediaries.
Ineffectiveness of exit strategies from the crypt with a bearish trend - again due to a lack of connection with the market of traditional assets.
Lack of confidence in crypto-markets - the difficulty of full transfer of large companies and holdings to cryptography, in terms of diversification, liquidity.
INGOT proposes to solve this all with the help of one economic system, which will have a decentralized structure based on the technology of blockchain.
Features and benefits of the project
IGNOT Coin has developed a solution to such problems with the help of its 6-component ecosystem, the main aspect of which will be the full integration of crypto into the traditional financial market. Thus, all participants will be able to use these components with all the opportunities in all markets:
IC Wallet is a platform purse that will have a "cold" type of storage and a multiple signature. The main feature of the wallet will not only be the ability to transfer various tokens to other stores and exchanges, but also integration with IC DigitalBank, which will allow using the currencies.
IC Exchange (exchange platform) - directly the stock exchange, on which it will be possible to exchange not only popular crypto-currencies, but also recently released tokens, fiat and even ETF, goods and other trading instruments.
IC Brokerage is a tool for effective market education, which means that the crypto currency will have a reliable liquidity provider. Traders and investors will receive full and direct market access to all trading instruments.
IC Digital Bank will provide round-the-clock automatic processing of payments through a high-level web leasing service. Customers will be able to open bank accounts from current and savings, to brokerage. It will also provide fund management for all interested parties and will support their trading activities, ensuring high speed of transfer at the lowest tariffs.
IC Crypto Certifier is a training center, as in many brokerage companies or exchanges. There is nothing more to say, although the thing is very important and necessary, if it is really effective.
IC ICO Accelerator - "assistant" to startups. This will not just encourage or finance good start-up ideas in the field of blockchain or cryptography, but also a full range of services: marketing, strategy, PR and legal services.
The first 4 components will be integrated with each other, and according to the idea developers, investors, traders, speculators do not need any other tools for their means.which is the financial markets, has a lack of efficiency and transparency. Strongly it began to be felt in the era of blockchain, because of the complete lack of connection of financial markets with crypto-platforms.
Traditional investors, as well as crypto-investors, face the following problems:
The lack of correlation between the crypto- and traditional markets - they seem to be isolated from each other. Therefore, investors and asset holders are experiencing difficulties in diversifying their capital and moving crypto and traditional assets, which manifest themselves in a long time of transaction and high commissions.
Market structure, which has low efficiency. Because of the centralization of markets, investors lose a lot of time.
High commission. Significant fees for transactions arise due to participation in transactions of third parties. The technology of blockchain will exclude the participation of intermediaries.
Ineffectiveness of exit strategies from the crypt with a bearish trend - again due to a lack of connection with the market of traditional assets.
Lack of confidence in crypto-markets - the difficulty of full transfer of large companies and holdings to cryptography, in terms of diversification, liquidity.
INGOT proposes to solve this all with the help of one economic system, which will have a decentralized structure based on the technology of blockchain.
Features and benefits of the project
IGNOT Coin has developed a solution to such problems with the help of its 6-component ecosystem, the main aspect of which will be the full integration of crypto into the traditional financial market. Thus, all participants will be able to use these components with all the opportunities in all markets:
IC Wallet is a platform purse that will have a "cold" type of storage and a multiple signature. The main feature of the wallet will not only be the ability to transfer various tokens to other stores and exchanges, but also integration with IC DigitalBank, which will allow using the currencies.
IC Exchange (exchange platform) - directly the stock exchange, on which it will be possible to exchange not only popular crypto-currencies, but also recently released tokens, fiat and even ETF, goods and other trading instruments.
IC Brokerage is a tool for effective market education, which means that the crypto currency will have a reliable liquidity provider. Traders and investors will receive full and direct market access to all trading instruments.
IC Digital Bank will provide round-the-clock automatic processing of payments through a high-level web leasing service. Customers will be able to open bank accounts from current and savings, to brokerage. It will also provide fund management for all interested parties and will support their trading activities, ensuring high speed of transfer at the lowest tariffs.
IC Crypto Certifier is a training center, as in many brokerage companies or exchanges. There is nothing more to say, although the thing is very important and necessary, if it is really effective.
IC ICO Accelerator - "assistant" to startups. This will not just encourage or finance good start-up ideas in the field of blockchain or cryptography, but also a full range of services: marketing, strategy, PR and legal services.
The first 4 components will be integrated with each other, and according to the idea developers, investors, traders, speculators do not need any other tools for their means.
Conclusion
The concept of the project is interesting, and most importantly - in demand, although not new, but it is not entirely clear what has involved blockchain. In White paper, there is not a word about technology, about the number of nodes, about architecture, about the consensus algorithm, about the technology of transaction confirmation, and about many other things. Perhaps not for all technological issues are important, but it is unclear how the team is going to implement this complex project. It is not known how specialists will cope with the difficulties existing in the detachment: for example, with bandwidth, cybersecurity, with a constant decrease in the speed of confirmation of transactions and many others.
Also, despite a large number of partners, the financial industry is not interested in the development of the blockchain due to decentralization and the lack of profit in intermediary services. If anyone has any comments about the technologies used in IGNOT , please share this very interesting and useful information.
More information about the project can be found on these links.
Website: https://www.ingotcoin.io/
White paper: https://www.ingotcoin.io/documents/en/white-paper.pdf
BTT: https://bitcointalk.org/index.php?topic= 358,1009
Bounty Thread: https://bitcointalk.org/index.php?topic=3591451
Facebook: https://www.facebook.com/ICOINGOT
Twitter: https://twitter.com/ICOINGOT
Telegram: https://t.me/INGOTCoin
My Bitcointalk Username: chidfranco
My bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2117147