INGOT COIN: LEVERAGING BLOCKCHAIN TECHNOLOGY TO SOLVE THE ISSUES IN THE CURRENT FINANCIAL MARKET

WHAT IS INGOT COIN AND THE PROBLEMS IN THE FINANCIAL MARKET?

INGOT is a financial system, platform or industry which has been in existence since 1993, that is to say, INGOT has witnessed both the uptrend and downtrend in the financial market. As a way of bringing solution while being part of the latest trending technology in this current era, INGOT aims to incorporate blockchain technology into its existing business thus solving the issues in the current financial market.

INGOT aims to leverage blockchain and as such smart contracts as it will help remove Intermediaries, ensure transparency, trust and reliability while reducing related fees. Also with blockchain technology INGOT will succeed in linking the crypto market to the existing traditional market.

With that being said, what then are the issues in the current financial markets?

Presently, the financial and crypto market lacks an efficient and transparent system for trading purposes.

For instance, there is no connection between the crypto and conventional markets as they are rather separated for users trying to transfer funds across markets. This separation arises from the huge transaction costs, time and financial demands. These costs usually reduce the profit drastically and sometimes might lead to losses and this dissuades potential investors from entering the market.

Furthermore, the current structure of the crypto and financial market is ineffective. As a result of the centralized data analysing system in the financial system, a good deal of time is wasted and this is totally unacceptable to financial traders. This simply leads to losses for them.

Moreover, the local regulatory demands, basically, the KYC and AML are sometimes outmoded when attempting to conform to international standards, thereby leading to major complications for expatriates who seek to enter the local markets.

Again, the charges levied on investors in different stages of trading and financing in the crypto market is high. Primary banks, brokerage firms and intermediary banks charge high fees which discourage investors seeking to enter different markets.

Yet, there is an absence of trust in the crypto market. The challenges involved in present holdings in the crypto market as regards diversification, liquidity and bias to price variation and absence of real-time market services makes the rapidly-developing market look unreliable to aspiring actors and this dissuades them from entering.

SOLUTION OFFERED BY INGOT COIN

As a way of correcting this aforementioned challenges, INGOT COIN is committed to developing a unique, unprecedented and totally new ecosystem that works on blockchain mechanism. This ecosystem will connect recently built crypto market with the already-existing financial market, thereby, blotting out inefficiencies. It alongside offers a vast ecosystem that allows actors to undertake transactions based on their financial demands.

Tools Which Will Help INGOT COIN Achieve Its Aim

IC Wallet

In INGOT COIN platform, it is a blockchain-based crypto wallet designed to hold the digital assets in the ecosystem. Users can make use of the wallet to transfer, secure and save up cryptocurrencies open in the market easily and safely. The wallet uses a multi-stage signatory system to guarantee the security of participants’ fund and allows users to send and receive tokens from other crypto wallets. Moreover, the wallet has an IC Digital Bank where participants can use fiat and digital currencies interchangeably.

IC Exchange

The INGOT COIN Exchange is incorporated safely with the digital wallet, the brokerage and Digital Bank of the IC ecosystem with an easy-to-use platform, a complete cryptocurrency trading platform. This exchange will feature the major currencies and recently-issued ICOs to give a totally-diversified broad coin spectrum for users.

IC Digital Bank

The INGOT COIN Digital Bank is designed to offer a ceaseless automated payment confirmation system with very efficient custodial services. The Bank will equally aid the IC Brokerage and IC Exchange roles and offer everyday online devices like electronic payments. Besides, clients can open an account with several banks, be it current or savings even as the bank offers fund management for all interested stakeholders and aid their trading activities.

IC Brokerage

Within the ecosystem, this component will be a hub which contains effective market pricing system, liquidity, access to financial products such as metals, energies, fiat currencies, ETFs, agriculture etc.

This component is also integrated with IC Exchange and IC Wallet which then arms investors with the opportunities to participate in many trades.

Furthermore, users can leverage on this component to expand their investments as well as hedging.

IC Crypto Certifier

The aim of this component is to direct and educate participants in the crypto space about blockchain technology which is achieved by taking them on associated courses such as IT, cryptography etc. The successful candidates will be awarded a distinguished certificate which will be globally recognised.

IC ICO Accelerator

This component will be used to promote visions and new ideas, thus unlocking funding for all innovative projects.

Within this component;

a. Upcoming projects will be able to raise funds which are achieved by leveraging on services provided by INGOT COIN, services such as whitepaper creations, marketing strategies etc.

b. It will also lead upcoming blockchain projects to list their tokens on IC exchanges at a friendly fee.

CONCLUSION

INGOT COIN, IC will have a maximum supply of 120 million while serving as a security token as well as a utility token.

INGOT COIN is a blockchain ecosystem that seeks to resolve the problems with the financial and Crypto market by developing a platform that processes transaction swiftly, allows trading using different cryptocurrencies and offer safety of funds saved by the users.

TO BE INFORMED ABOUT INGOT COIN VISIT THE FOLLOWING LINKS

Website: https://www.ingotcoin.io/

Telegram Group: https://t.me/INGOTCoin

Whitepaper: https://www.ingotcoin.io/documents/en/white-paper.pdf

Twitter: https://twitter.com/ICOINGOT

Facebook: https://www.facebook.com/ICOINGOT/

LinkedIn: https://www.linkedin.com/company/ingotcoin/

ANN Thread: https://bitcointalk.org/index.php?topic=3581009

Author's Bitcointalk Username: Flezy

Author's Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2187485