INGOT Coin – Making Crypto Market Easier to Access

Overview:

INGOT Coin (IC) have developed an innovative way to link traditional financial markets with cryptocurrency market. It is using blockchain technology to revolutionize the traditional financial market so that the users can carry out their transactions in a flexible manner and transform their portfolio more efficiently and securely. Blockchain technology will here to remove the intermediaries which usually increase the transaction cost and prevent investors for participating in all the markets.

Problem:

The problem faced by the traditional financial markets especially in trading and financing is transparency and high transactions fees. Also, the gap between crypto and financial markets brings in the problem of moving the capital of an investor from one market to another. Even the fund is transferrable the transaction cost associated is very high and takes a long time to complete the process. In the financial market there are many intermediaries such as primary banks or brokerage firms due to which lot of money is deducted. The crypto market is dealing with the trust issue in the minds of many investors. The lack of knowledge about crypto market is also the reason due to which many investors step back before investing.

Solution: INGOT Coin Ecosystem

The IC ecosystem will provide the solution to all the problems by linking the crypto market and the financial market. The ecosystem consists of six components which will work together to bring out the best solution.

IC wallet:
IC wallet will be based on blockchain technology which will be linked with IC digital bank. With the help of IC wallet users can exchange tokens with other wallets and exchange tokens with fiat money or vice-versa. Basically, IC wallet will store cryptocurrency.

IC exchange:
IC exchange will consist of all the coins and upcoming ICOs. This will also consist of list of coins against which fiat money, financial instruments or crypto currency will be listed. In this way the investor can have wider choices of investments. IC exchange will be integrated with IC wallet, IC brokerage and IC digital bank.

IC Brokerage:
IC brokerage will have access to all traditional assets and financial instruments. IC brokerage will be integrated with IC wallet and IC digital bank to make trading efficient. If any user wants to purchase a stock, then the user will place the order to IC brokerage through IC wallet. The fiat which will be generated in exchange of cryptocurrency through IC exchange will be stored in IC brokerage account.

IC Digital Bank
IC digital bank will act as fiat wallet for the users. It also provides e-payment for the users where they can use debit card to pay for the goods and services inside and outside the ecosystem. The IC digital bank will be linked with IC wallet and IC brokerage account.

IC Crypto Certifier:
IC crypto certifier aims to spread awareness about blockchain technology to the investors. It consists of various certified courses which are based on blockchain, financial consulting, IT, cryptography etc.

IC ICO Accelerator:
IC ICO Accelerator will help upcoming blockchain projects to issue their ICO. Professional services will be provided such as providing them advisors and building content for their whitepaper. They will also assist such new projects to build up their own website.

Team:

• Ali Shibib - CEO
Ali has experience in the Financial sector of over 10 years. During that time he provided financial consulting services on strategy for entering new markets, developing new products, and guiding risk management.
• Ali Faqih - CFO
Ali Faqih has extensive financial accounting experience which has been developed over the past 10 years in a career which has spanned an excellent range of companies.
• Iman Mutlaq - Founder - INGOT Coin
Partner at Global Alliance Partners, Director at Ingot brokers Australia, CEO at Sigma ltd. Iman has been in the financial services world since 1993, with over 20 years of experience in the market.
• Ahmed Khawanky - CMO
Ahmed has over 3 years in the field of marketing and 4 years in the field of finance.

Token Matrix:

TOKEN - IC
PLATFORM - ETHEREUM
TYPE - ERC20
PRICE - $1
HARD CAP - 90,000,000 USD
SOFT CAP - 37,000,000, USD
START - May 01, 2018
END - Jun 30, 2018

Verdict:

Pros:
• The concept of this project is very innovative which is solving all the major problems of crypto market and traditional financial market.
• The whitepaper is easy to understand and is explained in depth.
• The core team has very good experience and background of finance.
• They have 11 advisors from ICO, blockchain, PR, marketing and investing background.
• The project has very good partnerships with Hackernoon, Sigma investing group, trade.io and many more.
Cons:
• The social media hype of this project is low. It has around 3000 members on Twitter and around 4000 members on Telegram.
• There is no prototype available for this project.

Whitepaper: https://www.ingotcoin.io/documents/en/white-paper.pdf
Website: https://www.ingotcoin.io/

Bitcointalk Username: rshetty3344
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1907004
ETH address: 0x137F3CC2750C9b9bF639Cd4Bf8CB63c56823aC3c