INTRODUCTION
There are enough reasons for a proper and healthy relationship between the current traditional financial industry and the crypto market to take place, with the global prevalent of blockchain technology that we are currently witnessing, many industries have seen significant and positive changes.
INGOT COIN (IC) is a secure token that provides solutions to the current inefficiency that is rampant in the industry by creating an innovative way of bringing together different financial institutions in order to provide all stakeholders and participants the freedom to diversify their portfolio in an efficient and secure manner without minimum constraints through the use of blockchain technology
INGOT COIN AND BLOCKCHAIN
The IC ecosystem will be based on the blockchain technology and will exploit the use of smart contracts to ease the execution of different contracts. With the use of blockchain, IC creates an ecosystem that will increase the confidence of the customers, market liquidity, provides efficient market pricing and enables the stakeholders to have access to funds. This leads to improvement in the services of the industry.
THE PROBLEMS OF FINANCIAL AND CRYPTO MARKETS
LACK OF TRUST IN CRYPTO MARKET
There is a difficulty in the transferring of current holdings to the crypto markets in terms of diversification, liquidity, lack of consistently available market services and bias to price discrimination. This has made this productive market unreliable to prospective participants and thereby limiting them from entering.
HIGH FEES IN FINANCIAL MARKETS
Trading and financial activities require a substantial number of intermediaries such as brokerage firms, primary banks and intermediary banks thereby making it more expensive for the investors, meaning that they will be paying high fees for these intermediaries before they access the market.
LACK OF CONNECTION BETWEEN CRYPTO AND TRADITIONAL MARKETS
It is very difficult for the participants that want to cross over or move their capital from one market to the other to achieve their aim because of the transaction costs, time and money.
INEFFECTIVE STRUCTURE OF CURRENT MARKET
The local compliance standards such as KYC and AML are in some cases irrelevant or outdated when trying to comply with the international compliance standards. This makes it difficult for the foreign investors who are looking for exposure to the local markets. The highly centralized data processing structure in the financial world also leads to loss of time thereby resulting to loss of lead and loss.
THE SOLUTIONS OFFERED BY INGOT COIN
IC ECOSYSTEM
IC creates an ecosystem that will establish 6 different components to work in unity, providing all community members the chance to capitalize on upcoming opportunities in all markets. The components are;
IC WALLET: it is a blockchain based crypto wallet that the participants will be using to send, receive and store cryptocurrencies available in the market with ease and security. It has maximum security that prevent hackers from having access.
IC EXCHANGE: this will be integrated securely with the IC wallet, IC brokerage and IC digital bank through an easy platform.
IC BROKERAGE: This will create a hub of liquidity, efficient market pricing and access to all financial products. It allows the users to be able to actively hedge and expand their investments portfolio.
IC DIGITAL BANK: It provides 24/7 automated payment processing with high-level web-based custodial services. It also provides fund management for all interested stakeholders.
IC CRYPTO CERTIFIER: It will build awareness and educate all interested parties on the blockchain technology through its updated, powerful and diversified educational services.
IC ICO ACCELERATOR: It will unlock funding for all innovative projects and encouraging creative visions and new ideas.
EXPANSIVE MARKET ACCESS
IC provides fair and equal opportunities to all participants regardless of size of trade, type of order or initial capital. It also provides a platform that meets the needs of the beginners as well as advanced traders to trade with minimal initial capital.
MINIMIZE COSTS & ESTABLISH THE PATHWAY
With the use of distributed technologies, IC will enable direct trading, cost efficient, less timely and more available round the clock. It addresses the issues brought by third party intermediaries and banks such as high fees, unavailability and time consumption.
TRANSPARENCY, DATA AVAILABILITY & HIGH LIQUIDITY
IC ecosystem will make all trade available on the ledger and the ledger will be available to all stakeholders, thereby making it transparent, the global network of cryptocurrency exchanges will also be accessible to all participants. The platform increases the confidence of the local and foreign investors when accessing the market because of the availability of information it provides.
TOKEN DESIGN AND SUMMARY
The mining difficulties are tackled through the blockchain technology,the accelerator will provide tokenization and programming solutions. The team of technical specialists will provide smart contract development, custom token rules, testing and implementation based on technologies such as ERC20, waves and OMNI.
Once the company is mature and profitable, the coin dividends will be distributed. The maximum number of token that will be distributed will be 120,000,000IC, all unsold tokens will enter burning program.
CONCLUSION
INGOT COIN will make the use of blockchain technology and smart contracts easy for the participants to operate under a safe and transparent environment and addresses the challenges of the financial and crypto markets.
TEAM
The team consists of members that have wide experience in blockchain technology and marketing.
For more information on INGOT COIN, please visit these links
Website: https://www.ingotcoin.io
Whitepaper: https://www.ingotcoin.io/documents/en/white-paper.pdf
ANN: https://bitcointalk.org/index.php?topic=3581009
Twitter: https://twitter.com/ICOINGOT
Facebook: https://www.facebook.com/ICOINGOT
My bitcointalk username:
Drayman
My bitcointalk profile link:
https://bitcointalk.org/index.php?action=profile;u=2346395;sa=summary