INGOT: AN OVERVIEW
INTRODUCTION
When we look into the financial transactions done in traditional institutions like the banks, so many difficulties are encountered by people. These difficulties however, range from the lack of transparency, high cost of transactions during trading and many more. Also, Investors find it hard to move their monetary assets from these traditional financial sectors to other trading medium such as stock exchange. So it’s more like their money is stuck to a system that is careless with their financial assets. But with the emergence of blockchain, it brought about a better way out of this mess and a new way of reshaping the modern trade. However, it was discovered that even the emergence of blockchain has not been able to solve the current challenges of transferring financial assets from existing traditional markets to the crypto market which is extremely secured and transparent. Hence, this has led to the discrepancies between both markets. To proffer solutions to these challenges associated with movement of funds from traditional to cryptocurrency market, a platform named INGOT was birthed.
INGOT OVERVIEW
This system is built to create a completely unique change in the financial managements of individuals in the digital system and to bring about a balance between the existing money market and the digital market of cryptocurrency. With this platform, all investors will be able to transact at any period of time, seamlessly, within the shortest possible period of time. Also high transaction fee that are charged by intermediaries such as banks, brokerage firms during trade transactions would be eliminated
DISTINCT FEATURES OF INGOT.
The purpose of this ecosystem will be realized by the integration of six (6) core components in its build up:
-The IC brokerage which will provide investors with the liquidity they need in their financial investment or trading.
-An IC wallet that is capable of storing all types of cryptocurrency and the fiduciary currency, a traditional characteristics type of digital bank for all kinds of banking activities on the platform including the management of all bank account types used by investors in the banking sector.
-An exchange system that can be used to trade all kinds of cryptocurrencies and will also support the use of other fiat money.
-An IC Digital bank which facilitates the duties of the IC brokerage and IC exchange duties, and manages fund and support trading activities of participants
-A crypto certifier in the system which enables all participants to be trained and educated on courses that has to do with cryptocurrencies and financial trading, which will afterwards issue a certificate of completion of the program to participants.
-An ICO accelerator which guides business oriented participants to raise funds by rendering services marketing strategies, legal services
BENEFITS
• Maximally secured wallet which guarantees that funds are safe and not prone to hacks
• Easy crossover from crypto market stock or commodity market by participants as soon as they sense a bear in the crypto market and vice versa
• Direct trading without the use of intermediaries, thus eliminating unnecessary costs
• Accessibility to other forms of cryptocurrency on the platform thus enhancing liquidity
TOKEN
The Ingot coin represents the token of the platform which will be used to earn investment returns from the ecosystem. All exchange charges would be paid in Ingot coin. Also, asides being the major method of payment for transactions conducted in the ecosystem, ingot would be used just as other cryptocurrencies to pay to external entities. Ingot coin is designed to be a low supply coin as this would increase the demand thus a surge in price which will afford its holders to benefit from maximal profit by holding for a short period of time.
TOKEN INFORMATION
Name of token: Ingot Coin
Token Ticker: IC
Hard Cap: $90,000,000
Soft Cap: $37,000,000
ICO dates: July 1st-August 11th 2018.
For more information about Ingot, please visit:
Website: https://www.ingotcoin.io/
Whitepaper: https://www.ingotcoin.io/documents/en/white-paper.pdf
Telegram: https://t.me/INGOTCoin
Facebook: https://www.facebook.com/ICOINGOT/
Twitter: https://twitter.com/ICOINGOT
Ann Thread: https://bitcointalk.org/index.php?topic=3307981
Writer: Crypto4ruby
Writer’s bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1788350