INGOT Coin is the first fully integrated Wallet with a Digital Bank, Brokerage, Exchange, Certifier, and ICO Accelerator. All components are rolled into a single and complete ecosystem, which rewards token holders and consumers for using and contributing to it. INGOT Coin is a decentralized cryptocurrency which provides benefits and discounts within the ecosystem itself. IC will be based on a ERC20 technology.
On a regional scale, the financial system is the system that enables lenders and borrowers to exchange funds. The global financial system is basically a broader regional system that encompasses all financial institutions, borrowers and lenders within the global economy. But the current financial system lacks efficiency and transparency which has lead to the discouragement of many investors from actively participating in the current market. Aside this, there are so many difficulties facing this sector that needs urgent amendment, like ;
High Fees in Financial market: High fees are being deducted from investors on multiple stages because of a large number of third parties and intermediaries such as primary banks, brokerage firms and intermediary banks are usually involved in trading and financing activities, which can be unbearable for investors.
There are little or no connection between Crypto and traditional markets as they are restricted from a participant trying to cross over or move their capital from one market to the other due to high transaction cost, money and time. Given the lack of connection between Crypto and traditional markets, participants are either unable to move funds between different markets in a reasonable timespan or are restricted by the costs of doing so.
There are problems of transferring current holdings to the Crypto market in terms of liquidity, diversification, bias to price discrimination and lack of consistently available market services, and these has deemed the exponentially growing market unreliable to prospective participants and in turn limiting them from entering.
Due to high centralized data processing structure in the financial world, a great deal of time will be lost, and this will lead to massive loss in edge and lead. And also, transferring funds in bull markets is quite hard.
All these are the problems the INGOT COIN (IC) wants to look into.
INGOT ECOSYSTEM and SOLUTIONS
The first-of-its-kind all-inclusive IC Ecosystem will be the pioneer in linking the crypto universe to the current traditional world. The IC Ecosystem includes: IC Wallet, IC Exchange, IC Brokerage, IC Digital Bank, IC Crypto Certifier and IC ICO Accelerator all under one umbrella linked by the IC Community.
IC WALLET
A blockchain based wallet that will be working as a custodial for all Cryptocurrency in the ecosystem. Participants will be able to use the wallet to send, receive and store cryptocurrencies available in the market with ease and security.
IC EXCHANGE
This is a single platform offering two venues, the 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 BROKERAGE
This will create a hub of liquidity, efficient market pricing and access to all financial products, ranging from fiat currency to international equities and from commodities to ETFs.
IC DIGITAL BANK
This will provide 7/24 automated payment processing with high-level web-based custodial services, and also provide fund management for all interested stakeholders and support their trading activities.
IC CRYPTO CEDTIFIER
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.
IC ICO ACCELERATOR
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.
Watch video explainer below
RoadMap
INGOT TOKEN, TOKEN AND FUND ALLOCATION
The hybrid token serves as a utility and security token. The INGOT will distribute coin dividend once the company is mature and profitable. This will increase the attractiveness of the coin in the initial phases and in the long run.
INGOT ICO
The ICO will start on July 1st and ends on August 11th, 2018. Each discount phase comes with a limit that restricts how much is invested at a specific discount rate.
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Note: all images from the Whitepaper
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