INGOT COIN: LINKING THE FINANCIAL AND CRYPTO MARKET USING BLOCKCHAIN TECHNOLOGY
Financial system is regarded as a system which allows the exchanging of funds between investors, borrowers as well as lenders and it basically operates at a national, global scale. The medium which serves as known value for which goods and services can be exchanged in the financial system are: money,credit and also finance. Also the basis of blockchain technology system is to use smart contracts to enhance the execution of different contracts and also eliminating the need for external obstacles or interferences which restrict investors from fully engaging in all markets. It will also enhance security for potential investors through the use of smart contracts which will also aid in minimizing time and cost and thus enhance transparency as well as global scalability.
But despite all these, there are therefore certain challenges which is said to be facing the financial and also crypto market and therefore solving these is the major target of a platform known as INGOT PLATFORM and they aim to acheive these through the use of blockchain technology system and also smart contracts.
CHALLENGES FACING THE CRYPTO AND FINANCIAL MARKET.
A. Lack Of Trust: tedious tasks or difficulties ranging from bias, price discrimination, lack of consistency encountered during transfer of current holdings over to the crypto market is seen as a major turn off for exponentially growing market. Also lack of indepth knowledge about blockchain and smart contracts therefore is a major factor for individuals in not trusting in the system because they do not understand how the whole system works.
B. High Fees In Financial Markets:
Investors who are looking to access different markets in the financial sector may find it unattractive as well as loss of energy or strength due to the excessive bank fees being charged and also the high brokerage fees. This is to say that high fees are basically been deducted from investors funds on a daily basis and this is however a major turn off.
C. Ineffective Structure In The Current Market:
The structure of the current market is said to be ineffective in the sense that it operates on a centralised model which takes time in terms of data processing as well as other activities of the system.
Etc.
INGOT PLATFORM AND THEIR SOLUTION TO THE CURRENT CHALLENGES FACING THE FINANCIAL AND CRYPTO MARKET.
INGOT PLATFORM : this is a platform whose main target is eradicating all the challenges of the current financial as well crypto market and they are set to acheive this through the basic use of smart contracts and blockchain technology system the use of smart contracts is to aid development in the verification, exchange as well as transaction in the system which will in return offer a more secured, transparent as well as an efficient market for all participants involved.
SOLUTIONS OFFERED BY INGOT PLATFORM FOR THE ABOVE MENTIONED CHALLENGES:
The ingot platform will offer complete solution by basically merging six(6) basic ecosystem components into the platform and they are: IC Wallet, IC Exchange, IC Brokerage, IC Digital Bank, IC Certifier and IC ICO Accelerator. The platform will also create a link between the crypto market as well as the traditional financial market.
SOLUTION OFFERED BY INGOT PLATFORM:
- Transparency, Data Availability And High Liquidity: the platform aims to increase transparency by making all trades on the platform available on the ledger and the ledger will also be available for all potential stakeholders. Also with the platform, vending of data will be available to the general public as it will incorporate journal for all investors, trades etc. Also liquidity is also another means to be employed by the platform.
- MINIMIZING COST: Here the platform will make direct tradings, offer efficient cost within less time by basically utilising distributed technology and also discarding issues brought by third party intermediaries as well as banks. Issues like high fees, time consumption etc .
- Expansive Market Access: the Ingot platform will provide an ecosystem which will meet beginners as well as advanced trader needs to carry out trades with minimal initial capital. Also the platform will not be biased towards any participant and thus will provide fair and equal opportunities to all the participants regardless of the size of their trade, type of order as well as initial capital.
INGOT PLATFORM TOKEN
The platform will make use of INGOT COIN which will be the utility token of the platform with 120,000,000 the token will serve two purposes: security token, utility token
TO KNOW MORE ABOUT INGOT COIN PLATFORM
Join the Telegram Group: https://t.me/INGOTCoin
Follow on Twitter: https://twitter.com/ICOINGOT
Follow on Facebook: https://www.facebook.com/ICOINGOT/
Follow on Instagram: https://www.instagram.com/icoingot/
Follow on LinkedIn: https://www.linkedin.com/company/ingotcoin/
Website: https://www.ingotcoin.io/
Whitepaper: https://www.ingotcoin.io/documents/en/white-paper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=3581009
Writer's Bitcointalk Username: Aakay
Writer's Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2351546