Blockhain technology is pivotal for the various transparent Platforms and existing start-ups in our economy, an innovation that ultilized smart contract to facilitate the execution of different financial services which eliminates the need for third party for manual intervention that are prone to human errors and inhibit business participants to engage in all markets.
The current system is highly flawed and centralised from financial institutions to production to commerce etc, Due to decentralized and transparent nature of Blockhain it helps to setup many start-ups and businesses with low funds, the emergence of Blockhain in our ecosystem is already making waves in almost all sectors of the economy.
Truth is that many businessess are prone to fail in this centralised system especially start-ups due the high interest and lending rates in our financial institutions, blockchain on the other hand came to prevent such situations in the business world through building a system that removes inefficiency while providing a central ecosystem that enables business participants to perform and execute transactions at almost zero cost, However this great innovation is still finding it difficult to enter mainstream economy.
PROBLEMS OF BLOCKHAIN TECHNOLOGY (CRYPTOCURRENCY) IN TGE FINANCIAL MARKET.
Lack of connection: Blockhain technology (cryptocurrency) and traditional Market are segregated hence the difficulty in moving assets from fiat to cryptocurrency, the different is largely as a result of high transaction costs sometimes individuals lose their capital in the cause of converting fiat to cryptocurrency and vice versa.
High fees paid to intermediaries in the financial markets: investors pay huge transaction fee to intermediaries on multiple stages usually primary banks, brokerage firms and intermediary banks involved in trading and various financial services.
Transaction Time: the ineffective structure of traditional financialmarket usually cause slow transaction speed due to high centralised data processing model in the instructions.
INGOT
INGOT is a blockchain project built to enable effective management of all financial needs of users at the same time improving stability and easy communication between the traditional financial system and the blockchain technology. Ingot will also ensure effective and low-cost transaction, compared to the old system, taking the financial control and making it simple for investors to move their assets from the traditional financial system to the cryptocurrency ecosystem. The eradication of intermediaries andbbrokerage firms will enable investors to perform transaction with ease, so, investors will be able to perform transactions without difficulties and with the absence of brokerage firms and intermediaries. Taking all things into account the whole process will be flawless and profitable for all clients.
INGOT OPERATION MECHANISM
To achieve the set objective, ingot team has built six noteworthy apparatus for the delivery of it's financial services to investors
THE IC WALLET: a Blockhain based crypto wallet which enables all asset owned by users either fiat or cryptocurrency are stored safely and can be accessed easily.
THE IC BROKERAGE: this features square's for the liquidity in the financial trading and investment.
THE IC DIGITAL BANK: this tool enables for round the clock automated payment processing system, control the trading mechanism of clients as well as monitoring the activities of IC brokerage and Exchange operations.
EXCHANGE SYSTEM: this allows for direct cryptocurrency trading with fiat.
IC CRYPTO CERTIFIER: this feature allows for sponsoring of users training on cryptocurrency programs and trading to improve their skills.
ICO ACCELERATOR: This provides opportunity for users to raise funds as they participate in commercialization and legal services in the ecosystem
BENEFITS OF INGOT
It allows easy movement of funds from the traditional financial markets to cryptocurrency market.
It enables direct trading that is free from intermediaries which lowers transaction cost
Through the use of Blockhain technology (IC wallet) users funds are completely secured and safe in their wallets
TOKEN INFORMATION AND ICO DETAILS
TOKEN ALLOCATION
Token Symbol: IC
Token price: 1 USD
ICO Dates: July 1st 2018 To August 11th 2018
Pre-ICO Dates: May 1st 2018 To June 30th 2018
Total Tokens: 120,000,000
Soft cap: 37,000,000 USD
Hard cap: 90,000,000 USD
Country: Estonia
Accepted Currencies: BTC, ETH, USD, EUR
Restricted Countries: United States
BOARD MEMBERS
TEAM MEMBERS
CONTACT INFORMATIONS
AUTHORS BITCOINTALK USERNAME: Crypto11021