INGOT COIN: ONE OF A KIND BLOCKCHAIN PLATFORM FOR THE FINANCIAL INDUSTRY

emmy92 (42)in #ico • 6 years ago

INTRODUCING BLOCKCHAIN TECHNOLOGY AND INGOT COIN

Blockchain technology is the amazing technology in this current era. Take your time, think about blockchain technology you will be faced with amazing potentials and benefits associated with it. Blockchain technology can be successfully deployed in financial systems, sports, gaming etc in each case bringing the needed disruption. Bitcoin is the first cryptocurrency thus introducing the first blockchain which opens the way for transaction ledger, the reason why it's called the first generation of blockchain technology. Bitcoin was followed by Ethereum thus leading to the second generation of blockchain which results in the use of smart contracts.
The first generation of blockchain technology, ushered in the world of decentralization, a world where users are the masters of their personal data, deciding what to do with it or who accesses it. The use of smart contracts, on the other hand, makes it possible for the transactions of different kinds to be processed effortlessly with no point of failure. Another attribute of blockchain technology is time-stamping. With this feature, transactions can be tracked.
With these features and many more, blockchain technology has succeeded in disrupting this current era and as such in other to be part of this revolution led a team of experts into incorporating blockchain into its platform, a platform known as INGOT ( now INGOT COIN).

INGOT is a platform or rather a financial industry which has been in existence since 1993 witnessing varieties of inefficiencies in the financial systems. Thus, the team behind INGOT aims to leverage blockchain, therefore, bringing innovative solutions while using cutting-edge technologies to connect global markets with the needed audience.
INGOT offers varieties of products and services such as ETFs, metals, energies, commodities etc at the same time offering updated financial products.

One question might arise: if INGOT is a platform which has been in existence, why then aiming to utilize blockchain technology?
Reasons Why INGOT leverage blockchain;

As INGOT ecosystem will be based on blockchain technology, it will also use smart contracts so as to process different contracts effortlessly.
With the aid of smart contracts, all Intermediaries and unnecessary restrictions will be removed thus making it possible for investors to invest without fear.
With blockchain technology, INGOT aims to increase customers confident, market liquidity and efficient pricing system.
All transactions will be processed instantly as all middlemen will be removed, which also result in cost-effective services.
With blockchain technology, INGOT will present a transaction process which will be transparent while all transactions are duly secured.

WHY INGOT COIN AND WHAT IT AIMS TO ACHIEVE

Every great project has a solution it aims to solve in the world today and as such INGOT ( or INGOT COIN) isn't an exemption.
In the world today, financial services can be seen in insurance, trading, financing, investments, advisory etc.
With regards to these financial services, a study has shown that participants in trading and financing within the financial ecosystem are faced with varying degrees of inefficiencies and lack of transparency. The investors on the other hand are discouraged in one way or the other of which one of the ways is the unfriendly fee they are being charged for services rendered to them.
Furthermore, smaller investors aren't left out. In the financial systems, these smaller investors are not taken into consideration while the great emphasis is channelled to wealthy investors.
All these issues facing these participants of the financial industry in addition to lack of trust has resulted in hindering the financial market from reaching its true growth.
These problems can be seen to be caused by;
a. Crypto and Traditional markets not been connected,
b. Inefficient and ineffective market structure,
c. Associated high fees,
d. Crypto market having an inefficient exit strategy as well as lack of trust.

The Way Out:

To solve the challenges in the current financial systems, INGOT created one of a kind ecosystem with all the necessary tools to disrupt today's financial markets.
INGOT aims to build an ecosystem which will be based on blockchain technology thus connecting the crypto market with existing financial market. Through this, inefficiencies in the financial market will be removed, while the INGOT ecosystem will empower all participants to transact freely thus achieving their aim.
INGOT COIN achieves this by creating 6 core ecosystem tools which will be integrated therefore offering a palatable environment for digital assets and traditional assets where all challenges facing them will be solved.

These INGOT COIN ecosystem tools or components will all be within one system thereby empowering users to partake in the opportunities present in the financial market.
These components are;
a. INGOT COIN Wallet,
b. INGOT COIN Exchange,
c. INGOT COIN Digital Bank,
d. INGOT COIN Brokerage,
e. INGOT COIN Certifier,
f. INGOT ICO Accelerator.

INGOT TOKEN

INGOT token IC will have a maximum supply of 120,000,000. IC will be a hybrid cryptocurrency, that is, it will serve as a utility token as well as a security token.
A security token where holders will benefit from the returns generated within the ecosystem.
A utility token which will be used by holders to carry out payments within the ecosystem.

CONCLUSION

INGOT COIN aims to create a platform which will be based on blockchain technology thus solving issues which limit the financial market from growing. This is achieved through its ecosystem components which all contributes to empowering users to fulfil their financial aims and objectives.
INGOT COIN ecosystem offers the following advantages;
a. Crypto Vs Fiat trading, Crypto Vs Crypto trading and Crypto Vs Traditional investing.
b. Fiat Vs Fiat trading and Fiat Vs Traditional investing.
c. Funds management,
d. Readily available Digital banking service,
e. Credit ratings etc.