INGOT COIN — A REVOLUTIONARY MULTIPURPOSE CRYPTO ECOSYSTEM

purwapw (25)in #blockchain • 6 years ago

The cryptocurrency industry has received the recognition of being one of the fastest growing industry segments, with unparalleled opportunities. However, the crypto-industry has been struggling to reach its full potential due to various long-standing challenges which are hampering progress. Despite its ambiguous relationship with the traditional financial sphere as its competitor and potential partner, an enormous growth in value and variety of assets has made it extremely attractive for investors. There is a wider gap between cryptocurrency and traditional financial markets which Ingot aims to bridge by integrating the traditional financial industry with the blockchain innovation by offering a complete ecosystem that provides crypto holders the access to all financial services.

PROBLEMS IN THE FINANCIAL AND CRYPTO MARKET

Lack of good relationship between the crypto and the traditional market. This is as a result of high transaction cost, time and energy. It actually leads to a serious segregation between the parties.
Ineffective structure in the current market which is brought about by a highly centralised data processing in the structure in the financial ecosystem
High transfer charges in the bull markets which has lead to either the inability of crypto traders to liquidate their assets or were being forced to pay high charges
No trust in the crypto market the has lead to a lot of people withdrawing or being forced out of marketing due to scam, Lack of trust, and insecurities

SOLUTION

INGOT COIN is a platform that is created to use the blockchain technology to revolutionize the crypto currency ecosystem. Ingot coin is an unprecedented positive impact in the crypto space. Ingot coin is a first of its kind platform that will be able to link all the newly created financial markets with the existing ones, eradicating all forms of inefficiencies and also provide an ecosystem that will incorporate all types of financial transactions. The Ingot Coin Ecosystem will be established on blockchain innovation and will use smart contracts to energize the utilization of different contracts while wiping out the prerequisite for mediators and outsiders interruptions that oblige money related financial specialist to totally partake in all business sectors. By grasping blockchain, INGOT makes an exceptional system that will fundamentally manufacture customer assurance, advertise liquidity, and giving an effective budgetary market both as far as market cost and access to this market. With every one of the highlights of the INGOT Coin’s community, business and monetary exchanges will be quicker and done at a reduced cost, there will be no requirement for different outsiders who most circumstances make the whole procedure complex and result with an expansion in the length of the exchange and cost.

COMPONENTS OF THE ECOSYSTEM:

· IC Digital bank: this will provide users with a 24/7 automated payment processing services with top-notch web-based custodial services managing the IC Brokerage and IC exchange duties alongside day-to-day e-payments, current accounts and savings accounts handled by debit cards. A fully stocked bank to be precise!

· IC Brokerage: This will serve as a place for all kinds of financial products from fiat currencies to ETFs for users to broaden their investments scope.

· IC Exchange: the one stop shop housing an ICO platform and an all-inclusive exchange for trading financial instruments.

· IC wallet: The highly secure pocket of the ecosystem.

· IC ICO Accelerator: a platform for projects who intend issuing their own ICOs.

· IC Crypto Certifier: to empower market participants by delivering certifications in the crypto markets.

The INGOT Coin Token: Uses
The platform will use a hybrid token which will serve as a security and a utility token.

Security Benefits of the ingot Tokens
As the ecosystem grows, token holders will benefit. The profit will be reflected in the Dividends and capital gains of the platform. One of the major goals of the platform is to make token holders benefit top on the priority list.
Thus, companies that give out increasing dividends will also enjoy an increase in stock prices. This is because the security will be made attractive as the profit price security increases.
Utility Benefit of the Ingot Coins
Herein lies the main benefit of the Ingot token. The token will be applicable in some ways like:
i. Means of payment on the platform: The coin will have value, and will also serve as a means of transactions on the platform. Any token holder faithful to the system will receive discounts ranging from 5% upward.
Means of Payment to the external World: The INGOT coin will act like any cryptocurrency. It will be a means of exchange with the value shown on exchanges.
The symbol of the INGOT token is IC and the type is Ethereum. One IC will be equivalent to $1. Currency accepted are BTC, USD, and ETH.