GET INVOLVED WITH INGOT COIN AND EXPERIENCE A WHOLE NEW LEVEL OF FINANCIAL SERVICES

aaemma (35)in #ico • 6 years ago

INSIGHT ON BLOCKCHAIN TECHNOLOGY

Decentralization and use of smart contracts are some of the outstanding features of blockchain technology. While decentralization ensures users are in charge of their data thus preventing unnecessary access and data manipulation, smart contracts, on the other hand, ensure every transaction on a blockchain-based platform is carried out efficiently at the same time ensuring that transaction data is limited to the parties involved.
These two features have made blockchain technology the trending technology in the world today as the centralized system keeps getting disrupted; centralized systems such as banking system, healthcare systems, sport (betting etc), gaming, gambling etc.
One problem associated with centralized systems is the fact users information can be accessed by third-parties which in most cases leads to that information being manipulated or monetized while the owner in question is left with no incentives, but with the advent of blockchain technology, all these are been taken care of by upcoming blockchain projects.
Owing to the benefits, possibilities and potentials associated with blockchain technology, INGOT group decides to leverage blockchain so as to transform their existing business.

WHAT INGOT IS ALL ABOUT?

INGOT is a financial industry which was established far back as 1993, therefore witnessing loads and loads of wasteful aspects in the financial industry. In this manner, INGOT group aims to use blockchain hence bringing creative arrangements and ideas to the financial industry while utilizing technological advancements to associate worldwide markets with the required users.
INGOT platform offers assortments of services for example metals, energies, commodities, ETFs and other financial products well analysed and trusted.

As earlier stated, INGOT group aims to leverage blockchain technology so as to transform its existing system, this is because being a blockchain-based platform will enable INGOT to process different contracts efficiently with the aid of smart contracts. Also, smart contracts will help to ensure all Intermediaries will be removed thus resulting in a cost-effective platform while investors will invest with peace of mind irrespective of their location anywhere in the world.
In the same vein blockchain technology will help INGOT to enlarge its market liquidity, pricing system and customers satisfaction with all transactions being transparent and secured.

THE PROBLEMS IN THE CURRENT FINANCIAL SYSTEMS

When one thinks about financial services it can be in form of trading, financing, insurance, advisory, investments; a research has shown that the investors in the financial markets are charged a high fee for services they wish to receive which ends up discouraging them from participating the way they should. On the other hand, the Individuals in the trading and financing systems are faced with lack of transparency, lack of trust and inefficiencies.

Besides, small investors in the financial system are not considered as investors as incredible accentuation are diverted to rich financial investors.
Every one of these issues confronting these members of the financial business notwithstanding the absence of trust has brought the impending nature of the financial system thus stopping it from achieving its actual development.

A study carried out by INGOT COIN shows these aforementioned issues can be believed to be caused by;
i. Lack of trust.
ii. Crypto and Traditional markets not been associated,
iii. Wasteful and incapable market structure,
iv. High fees in different services,
v. Investors in the crypto space lacking the right strategy to exit the market with profit.

SOLUTION OFFERED BY INGOT COIN

The solution to the problems in the current financial systems is solved by INGOT COIN. INGOT brought about the solution through its ecosystem.
INGOT's ecosystem will be situated on blockchain technology in this manner bringing the crypto market with existing financial market. Through this, the problems in the financial market will be expelled, while INGOT ecosystem will engage all members to execute openly in an efficient and trustworthy way along these lines accomplishing their sole purpose.
Furthermore, INGOT COIN comes about this solution by making 6 core ecosystem components which will be integrated together hence offering a system where the challenges or issues facing digital assets and traditional assets will be solved.

These INGOT COIN ecosystem segments or components will all be inside one framework, therefore, empowering users or investors to participate actively in the financial market, and these components include;
i. INGOT COIN Brokerage,
ii. INGOT COIN Digital Bank,
iii. INGOT COIN Wallet,
iv. INGOT COIN Exchange,
v. INGOT COIN Certifier,
vi. INGOT ICO Accelerator.

CONCLUSION

INGOT COIN ecosystem offers Crypto Vs Fiat Trading, Crypto Vs Crypto Trading, Crypto Vs Traditional investing, Fiat Vs Fiat trading and Fiat Vs Traditional investing.
INGOT COIN also offers funds management, Digital banking service etc.

The team behind INGOT COIN aims to leverage blockchain technology so as to make their existing business more efficient and scalable, and with its ecosystem components solving the issues in the current financial market.
INGOT token IC will be a hybrid cryptocurrency;
a. It will serve as a utility token which will be utilized by holders to carry out transaction inside the ecosystem.
b. It will serve as a security token where holders will profit from the returns produced inside the ecosystem.
IC will have a maximum supply of 120 million.