INGOT COIN: RECONCILING OLD AND NEW FINANCIAL MARKETS VIA SMART CONTRACTS

Emmanuel Adeleke
4 min readJul 21, 2018

PREAMBLE

Financial institutions are the backbone of any thriving society, thereby the importance of the structure on which these financial institutions are running can never and cannot be over emphasized. Today we see how our societies have evolved through time in terms of our reasoning and how we see things which have brought many revolutions in all aspect of our societal lives including our financial systems. The global universal adoption of the blockchain technology that we are seeing in the world is transforming many industries, especially the financial industry. Utilizing this geometrically growing technology in addition to the team’s areas of expertise and hard work, the way we perceive the financial and trading industries, from banks to brokerages will be revolutionized. These changes come with its own difficulties and one of these is when the old system finds it difficult to integrate into a new framework especially in its inception..

ISSUES FACING THE TRADITIONAL AND CRYPTO FINANCIAL MARKET

§ Impractical profit exit strategies by noobs and sometimes self-styled experts

§ Lack of connection between cryptocurrency and traditional markets

§ High fees being levied on the participants of the financial sectors

§ As it stands, the current market is mired with high structure of ineffectiveness

INGOT COIN ECOSYSTEM

In an effort to removing these above strains and having being in the financial market for over two decades, and having witnessed the firsthand multiple inefficiencies existing in the traditional and crypto market over the years, the group decided to adopt blockchain technology to build its own ecosystem to tackle the above challenges. Ingot coin came up with an innovative platform integrating 6 different ecosystems which include

  • ensure expansive market access
  • minimize costs and establish pathway
  • bring about transparency, data availability and high liquidity.

Aside from the above, there are other advantages inherent in the IC ecosystem and they are:

  • enabling the trading of crypto assets with each other
  • trading Crypto assets with fiat currencies
  • trading Crypto vs Traditional assets
  • the trading of fiats interchangeably
  • the provision of custodial services
  • very fast payment processing
  • 24/7 Digital Banking Service
  • Highly Liquid Exchange
  • One-Stop-Shop for creating Initial Coin Offering
  • Setting a lofty educational standards
  • Fund Management Credit Ratings

INGOT COIN TOKEN

Ingot coin token is an hybrid token which can serve as security and utility token simply because as a utility token it can be use for various purposes in the ecosystem and also as security token because it holder will always earn rewards as the ecosystem blossoms. The token is an ERC 20 standard token based on the ethereum blockchain. The total supply of the token is 120 000 000 IC and will be distributed as below.

A total of 37,000,000 USD targeted as the soft cap (and it has so far being reached and even exceeded) while 90 000 000 USD has been set as the hard cap. The Pre- ICO already ended and the ICO will be between 2018–07–01–2018–08–11. During the ICO, 1 IC is sold for 1 USD.

To ensure fair play and transparency, the funds generated will be used in the following ways:

Token Bonus, Discounts & Dates Pre-ICO Discounts and ICO Discount,

INGOT Coin presale ICO will start on May 1st, 2018 and ends on June 30th, 2018.

ICO Discounts, Dates and Limits INGOT Coin ICO will start on July 1st, 2018 and ends on August 11th, 2018.

Watch this video for more info

ROADMAP

TEAM

This project is definitely one to look out for and no doubt invest in, given the legacies the parent companies have on ground, having been involved in the financial services business since 1993, why not be part of this great project.

To find out more about the project. Do check out the links below and make an informed decision.

Website: https://www.ingotcoin.io/

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

Ann thread: https://bitcointalk.org/index.php?topic=3581009

Telegram: https://t.me/INGOTCoin

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

Twitter: https://twitter.com/ICOINGOT

Published by: emmyxpress

Bitcointalk Username: emmyxpress19

Bitcointalk URL: : https://bitcointalk.org/index.php?action=profile;u=2258964

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