INGOT: A PLATFORM LINKING NEW CRYPTO MARKETS WITH EXISTING FINANCIAL MARKETS

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Over the years, the barrages of communication and technological advances have exposed the flaws of financial services such as trading and financing, especially internet marketing preventing the global financial market from reaching optimal efficiency due to exorbitant entry-level service fees, favoritism and lack of trust for markets that increased after the 2008 crisis.

There is also a massive schism between cryptocurrency, and traditional financial markets which may cause problems for a participant attempting to cross over. The segregation arises from large transaction costs, time and money leading to negligible profits, or sometimes losses, making investors wary of participating in the market.

Furthermore, there’s also the niggling problem of an inefficient exit strategy in the crypto market. The rapid drop in crypto prices late 2017 impacted many crypto participants who were either unable to liquidate their tokens into other financial instruments or made to pay through their noses to do so. Due to all these challenges, a platform called INGOT COIN was introduced.

INGOT COIN

INGOT Coin (IC) an innovative blockchain platform intends to solve these challenges by integrating six core ecosystem components: IC Wallet, IC Exchange, IC Brokerage, IC Digital Bank, IC Certifier and IC ICO Accelerator; to link the crypto and traditional markets and provide a one-stop-shop for the currency markets, digital and traditional assets.

INGOT Group, an experienced innovative financial company credited with the concept of short selling Middle East and North Africa (MENA) shares, intends to use the INGOT coin to provide a platform that will allow all traders to trade with minimal initial capital using its own provided cryptocurrency available on different exchanges for all investors and participants. The reason for this is to expand market access and optimize efficiency without bias towards any market participant regardless of the size of trade or initial capital.

The IC Ecosystem will make all trades available on a decentralized ledger available to all potential stakeholders to guarantee transparency. The IC ecosystem will also include an online order matching system that ensures only valid orders are made available to be traded. Valid orders must pass through these filters:

• Order size must comply with a specified lot size or multiples of it.

• Order must be matched by IC Exchange order book.

• Member’s bank account must be verified.

• Member’s brokerage account must be verified.

The objective of INGOT Coin is to bridge the gap between crypto platforms and traditional markets efficiently, and this will be done by enabling participants to be able to trade across the markets via:

• Crypto vs. Crypto Trading

• Crypto vs. Fiat Trading

• Crypto vs. Traditional

• Fiat vs. Fiat Trading

• Fiat vs. Traditional trading

The IC is, therefore, a valuable utility and security hybrid token as being of limited supply, the demand will increase, leading to capital gains for token owners. Secondly, because the coin is valuable, Ecosystem stakeholders will want to receive these coins as preferred payment methods. Also, IC is just like any other cryptocurrency with the value shown clearly during trading; this will increase the token circulation thereby efficiently increasing token price and as the ingot ecosystem grows, holders of ingot coin stand the chance to benefit in terms of devidends.

TOKEN DETAILS

The maximum number of tokens up for sales is 120,000,000 IC and any unsold token at the end of token sales will be burnt.

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.

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