Ingot coin - overview of the first platform bridging the financial markets

lilbrizzeey (33)in #ico • 6 years ago (edited)

Hello readers, today I want to introduce you to a simply amazing platform known as Ingot. So just relax and enjoy every bit of this article.

Ingot’s goal is to be the forerunner in the financial sector, delivering ground-breaking approaches and solutions to connect global markets with global market participants. The Ingot group has been in the financial market since 1993 and has since experienced a lot of inefficacies over the years. With the breakthroughs in technology, global markets have been more efficient hence allowing investors a whole lot more of opportunities. Ingot has unceasingly been busy providing all stakeholders an extensive range of ingenious products and services worldwide, consequently allowing it to achieve ample proficiency to combine this knowledge with the blockchain technology and establish an all-encompassing and altruistic ecosystem.

About Ingot

Ingotoffers through its unit, Ingot Brokers; a wide assortment of products and services which include ETFs, commodities, metals, energies, international shares and indices, as well as currencies. Since its creation, Ingot has been administering the latest and most recent financial products.

Ingot initiated the idea of short selling the Middle East and North Africa (MENA) shares and Indices to present investors with opportunities that were not available in local exchanges, consequently allowing absolute diversified risk management approaches. This ingenious idea of trading came after major hard work done by Ingot’s fully devoted team, all of whom endeavor to procure new solutions that would assist traders in optimizing their portfolios through proffering distinctive alternative investment methods. In response to the rising demand and the avalanche of opportunities in the MENA region, the Ingot group established Sigma Investments in Amman, Jordan.

Established as a financial advisory firm, Sigma Investments has procured all-inclusive consultancy services to several entrepreneurs and start-up firms. The Ingot group also took on the initiative to develop the first ever commodity exchange in Egypt, Egycomex, by collaborating with the Egyptian government to make the commodity markets more effective and boost the productivity of small farmers by supplying them with a transparent price discovery mechanism. The Ingot group has also launched a digital technology solutions firm called dreamtechs which attends to clients worldwide and helps them set up digital solutions for their own firms, from the creation of websites to mobile applications.

Furthermore, the Ingot group serves as a member of Global Alliance Partners (GAP), which is an international network of regulated financial services companies that concentrates on the mid capital market. GAP’s world reach gives its member firms greater influence and a broader platform to handle investment banking, wealth and fund management, broking, and other financial services across international markets.

The problem

There are a couple of problems faced today in the crypto markets and Ingot hopes to solve, let’s look at some of them:

Impractical Crypto Exit Strategies

If you are involved in the crypto space, you would know that sudden price drops are nothing new, as we have seen massive drop in crypto prices in early 2018 even running till now, and you would know how this has affected a lot of crypto participants as they were either unable to liquidate their tokens into other assets without taking loss. Until lately, the concern for an efficient exit strategy in the Crypto market was disregarded, especially as prices kept shooting up. But as more investors and institutions started participating, it has become evident that neither the traditional financial system nor the crypto market can institute a concrete exit plan and stop loss initiative without being exposed to risk.

Lack of trust in Crypto Markets

The complexity of moving current assets to the crypto markets in terms of diversification, liquidity, bias to price discrimination and lack of steadily available market services, has regarded the expanding market unreliable to potential participants and this inhibits them from entering. Additionally, the lack of knowledge in the market about blockchain, smart contracts and the variety of possible useful applications, have affected the participants in their investment decisions.

Ingot’s Solution

Ingot has a variety of solutions to the crypto market, they are enumerated as follows:

IC Ecosystem

Ingot hopes to create a comprehensive solution by integrating 6 core ecosystem components and presenting a one-stop-shop for digital assets, traditional assets and currency markets to solve all the afore-mentioned problems, consequently, creating a correlation between the crypto market and the traditional market. The IC Ecosystem will institute 6 different components to work together, providing all community members the chance to get the most out of all forthcoming opportunities in all markets. The Ecosystem’s components include the IC Wallet, IC Exchange, IC Brokerage, IC Digital Bank, IC Certifier and IC ICO Accelerator.

IC Wallet.

The IC Wallet is going be a secure crypto wallet built to safeguard all cryptocurrencies in the Ecosystem. Users will be able to use the wallet to send, receive, and store cryptocurrencies available in the market with effortlessness and security. The wallets will include multi signature and cold storage systems to produce a protected and trustworthy environment for all stakeholders. Additionally, the wallet will be integrated with the IC Digital Bank, which allows users to pay with fiat currencies for crypto and vice versa.

IC Exchange

The IC Exchange will be integrated securely with the IC Wallet, IC Brokerage and IC Digital Bank through a user-friendly platform, a fully developed cryptocurrency exchange. The exchange will be listing major coins and newly issued ICOs to provide a complete diversified coin variety for market participants.

The coins will be listed against other cryptocurrencies, fiat currencies and traditional financial instruments such as ETFs, and commodities. By integrating the IC Exchange with the other constituents, investors are able to take a new approach in terms of trading their cryptocurrencies and variegating their portfolios.

IC Brokerage

The IC Brokerage will provide a hub of liquidity, efficient market pricing and admittance to all financial products, varying from fiat currencies to international equities and from commodities (Agriculture, metals and energies) to ETFs (Exchange traded funds). The IC Brokerage’s incorporation with the IC Exchange and the IC Wallet, provides the investors with various options to trade in times of any market uncertainty. Through the Brokerage, users will be able to dynamically hedge and enlarge their investments portfolios. The Brokerage will also permit instant trading on crypto/stock or crypto/commodity like (BTC/APPL, BTC/GOLD, etc.)

IC Digital Bank

The IC Digital Bank will offer a 24/7 automated payment processing with high-level web-based safeguarding services. The IC Digital Bank will also ease the IC Brokerage and IC Exchange duties, alongside delivering day-to-day online services such as e-payments. In addition, clients are able to create different bank accounts ranging from current and saving, to brokerage accounts. The IC Digital Bank will also offer funds management to all interested stakeholders and aid their trading activities by providing unmatched settlement and remittance speed at the lowest fees.

IC Crypto Certifier

The IC Crypto Certifier hopes to develop awareness and school all interested parties on the blockchain technology, through its up-to-date, dynamic and variegated educational services. This will contain a variety of certified courses on IT consulting, compliance, cryptography, regulatory and financial consulting. Successful graduands upon completion of the specified courses will receive an industry-leading and globally eminent certificate with the different standards agreed upon between industry leading masterminds.

IC ICO Accelerator

The IC ICO Accelerator intends to unlock funding for all ground-breaking projects by setting out the way for innovative ideas. The IC ICO Accelerator is a “one stop shop” in the sense that it will direct entrepreneurs and startups and help them raise funds by proffering essential services to them, ranging from marketing strategies, PR services, Whitepaper content creation, to legal services and blockchain technology development. Tentatively, the IC ICO Accelerator will guide participating ICOs to list their tokens on the IC exchange at a considerable price and conditions.

Expansive Market Access

The INGOT Coin hopes to provide a platform that caters to the needs of beginner traders as well as advanced traders to trade. Ingot provides its own cryptocurrency, which will be available on different exchanges for all investors and market participants to purchase. IC will show no unfairness towards any market participant and will provide fair and equal opportunities to all participants irrespective of the size of trade, type of order or initial capital.

Totally all for one and one for all

To guarantee that there is no avenue for market manipulation and no emanation of unethical or illegal money into the ecosystem, the KYC and AML policies are implemented and must satisfy and surpass the needs of all parties, be it regulators, banks, brokers or exchanges. The KYC and AML compliance may look strict to some investors; however, this is a crucial procedure to guarantee the security of the ecosystem as well as all stakeholders. This is done to make the ecosystem reliable, secure, transparent and compliant; subsequently, satisfying the ecosystem’s singular KYC allows participants to open one account in the IC Digital Bank, the IC Exchange, the IC Brokerage, and the IC wallet simultaneously to trade crypto, fiat, and traditional instruments at once.