INGOT COIN

kitanodebunmi (36)in #ingot • 6 years ago

The blockchain technology has been a revolution for quite a number of years now, right from the creation of the first cryptocurrency "Bitcoin" in 2009. After Bitcoin was created, several other cryptocurrencies (digital currencies) were created forming the overview of what is called the "crypto market".
Since the inception of cryptocurrency, there has been a huge barrier towards the global adoption of blockchain technology which is majorly responsible for the disconnection between the crypto market and the current traditional financial market. This disconnection between the crypto market and traditional financial market poses huge inconveniences to investors of the crypto market.

Before investments can be made in the traditional financial market, investors have to go through intermediaries or third parties to help facilitate the investment process; the presence of these third parties slow down transaction completion time and lead to increased transaction costs and fees thereby preventing investors from investing and engaging in all available investment worthy markets. Some of the challenges associated with the current traditional financial market is the inefficiencies and lack of transparency when it comes to the trading of currencies and assets and financing.

The desired solution to these problems and a lot more associated problems is the "Ingot Coin Ecosystem" which just like the Ethereum blockchain would make use of smart contracts. These smart contracts would inherently facilitate faster transactions and substantially reduce associated costs.
Ingot Coin would create a link between the crypto market and the traditional financial market by incorporating its core components which are:
-the IC wallet: participants of the IC ecosystem would be able to use the IC wallet to store, receive and send various cryptocurrencies to and from exchanges and other wallets.

-the IC exchange: the IC exchange is where crypto trading activities would be carried out.

-the IC brokerage: the IC brokerage would effectively facilitate liquidity in financial trading and investment.

-the IC digital bank: the IC bank monitors the IC brokerage and the IC exchange as well as the funds and trading activities of users.

-the IC certifier: the IC certifier is responsible for the cryptocurrency trading trainings for users.

-the IC ICO accelerator: the IC ICO accelerator helps in the raising of funds through marketing and other means.

The Ingot Coin Ecosystem would essentially make it possible for everyone to trade regardless of the level of cryprotrading experience and understanding and would ensure absolute secure trading and transactions by the implementation of the KYC (know your customer) feature.

The IC token.
The supply of IC token is low to facilitate supply and demand; as the demand of the token increases, the value increases as well.
The total supply of IC token is 120,000,000 IC which would serve as both utility and security token with a softcap set at $37,000,000 and a hardcap at $90,000,000.
The token allocation is as follows:
75% of total supply is allocated to the public sale with 7% of total supply going to early backers.
5% is allocated to the bounty campaign, 5% to the team, 4% to the advisors and 4% to the founders.

The funds generated during the token sale would be allocated as follows:
23% to the digital bank, 22% for liquidity fund, 18% for brokerage with 11% going to reserve.
10% would be used for the exchange wallet, 8% for legal issues, PR and consultation. 5% to the crypto certifier and 3% to the accelerator.

Roadmap.
Q3 2017
-Discovering the existing financial industry threats.
Q4 2017
-Analyzing the vast uses of blockchain technology.
Q1 2018
-Business model and financial feasibility study.
Q2 2018
-Publishing Ingot's whitepaper.
-Bounty program released.
-Ingot's pre-sale ICO.
Q3 2018
-Ingot's first round ICO.
Q4 2018
-IC wallet goes live.
Q2 2019
-IC digital bank is open for business.
-Completing the ecosystem components.
Q3 2019
-IC brokerage.
-IC exchange and IC liquidity.
-IC crypto certifier.
-IC ICO accelerator.
Q4 2019
-Ingot's second round ICO.
Q1 2020
-Planning the Ingot digitalized commodity exchange.
Q4 2020
-Launching the digital commodity exchange.