INGOT COIN: Wallet with a Digital Bank

in #ingot6 years ago

INGOT Coin is the first fully integrated Wallet with a Digital Bank, Brokerage, Exchange, Certifier, and ICO Accelerator. All components are rolled into a single and complete ecosystem, which rewards token holders and consumers for using and contributing to it. INGOT Coin is a decentralized cryptocurrency which provides benefits and discounts within the ecosystem itself. IC will be based on an ERC20 technology.

The financial market is a broad term describing any marketplace where trading of securities including equities, bonds, currencies, and derivatives occur. The financial market can be referred to as the old traditional market where all forms of currency and asset trading used to happen. This market offers a lot but it has its own flaws that haven’t been solved in years. The traditional system is inefficient and it's not transparent.
The traditional market doesn’t also give chance for little investors if you are not a big or wealthy investor you cant gain a lot and the market can’t favor you. This gives rise to a lack of trust from smaller investor and new investors don’t want to venture into this type of business.

BLOCKCHAIN

The features of the blockchain that makes it stand out and make it grow every day is that is transparent, fast and secured. New project is developed every day to make it more secure and faster. The blockchain revolution keeps giving new features every day. Unlike the traditional market, the blockchain makes it possible for new and small investors to invest without being overlooked. Another striking feature of the blockchain is that it doesn’t give room for intermediaries. If there are no intermediary transactions will be faster. Each market participants can easily trade or transact with each other easy and fast. It is more secure because the blockchain also utilizes smart contract in its transactions. Smart contracts allow the performance of credible transactions without third parties.

TRADITIONAL FINANCIAL MARKET AND BLOCKCHAIN BASED CRYPTO MARKET

Old investors too want to cross into this new crypto market and trade the new online assets too but the Crypto market and financial market are to separate. Movement from the traditional financial market will cost a lot and it will also take a lot of time. The movement will also cost many market participants their profit. This most times is the reason why market participants don’t want to venture into the new market. The current crossover mechanism is also inefficient in terms of availability and transparency as it is only available 5 days a week and execution can take from hours to days depending on different factors, such as liquidity, the day of execution, time of execution throughout the day, type of order and size of the trade.

INGOT

Ingot is creating the IC(Ingot Coin) Ecosystem to connect the traditional financial market and the new crypto market together. INGOT Coin will create a complete solution by integrating 6 core ecosystem components and providing a one-stop-shop for the digital asset, traditional asset, and currency markets to solve all the above-mentioned challenges, thus, creating a link between the crypto market and the traditional market.
The platform will comprise of 6 different component to make trading easy.

  1. IC WALLET
    The IC wallet will be the secure crypto store of the ecosystem, it will allow traders to easily send, receive cryptocurrency in the ecosystem. It will also make it easy for traders to store their crypto assets without security fear.

  2. IC Exchange
    IC Exchange will be integrated securely with the IC Wallet, IC Brokerage, and IC Digital Bank through a user-friendly platform, a full fledge cryptocurrency exchange. The exchange will offer exchange opportunity for new ICO and it will also allow various coins to be traded against each other and also offer asset in tradition Financial market to be traded with crypto. This will surely expand the crypto market.

  3. IC Brokerage
    IC Brokerage will create a hub of liquidity, efficient market pricing and access to all financial products, ranging from fiat currencies to international equities and from commodities (Agriculture, metals, and energies) to ETFs.

  4. IC Digital Bank
    IC Digital Bank will provide 24/7 automated payment processing with high-level web-based custodial services. The IC Digital Bank will also facilitate the IC Brokerage and IC Exchange duties, along with providing day-to-day online services such as e-payments.

  5. IC Certifier
    IC Crypto Certifier will aim to build awareness and educate all interested parties on the blockchain technology, through its up-to-date, powerful and diversified educational services.

  6. IC ICO Accelerator
    IC ICO Accelerator will aim to unlock funding for all innovative projects by paving the way for creative visions and new ideas. The IC ICO Accelerator is a “one-stop shop” in the sense that it will guide entrepreneurs and startups raise funds by providing them with essential services, ranging from marketing strategies, PR services, Whitepaper content creation, to legal services and blockchain technology development.

ADVANTAGES OF INGOT ECOSYSTEM

  1. INGOT will expand market access. The ecosystem will create a market that will be easy to enter by a newbie and will be easy to be used by old traders too. With its coin it will be unbias to other markets, this is because the IC will also be available on other exchange.

  2. One KYC for all four. The ecosystem will only require one KYC for the wallet, digital bank, exchange and IC brokage. The be legally safe KYC is needed but the ecosystem won't need to require different KYC for all connected components of the ecosystem.

  3. IC Ecosystem will maximize cost and be fast. The ecosystem will make sure traders are able to enter and exit any market easily both on the crypto market and traditional financial market. This is by solving the cost and time issue brought by third-party.

  4. The Ecosystem will increase transparency by making all trades available on a decentralized ledger. This ledger will be available to all potential stakeholders. Data vending will be available to the public, as it will include a journal for all trades, investors, volumes and extensive data of all transactions within the Ecosystem.

INGOT COIN

TokenIC
Price1 IC = 1 USD
BountyAvailable
PlatformEthereum
AcceptingUSD, ETH, BTC, XRP
Soft cap37,000,000 USD
Hard cap90,000,000 USD

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