INGOTCOIN... USING BLOCKCHAIN TO BRIDGE MARKETS

5 min readSep 7, 2018

It’s not new what happens in our world today. The problems of trading and investments. These problems are for everyone that deals with be it cryptocurrency, Forex, or stocks.

As usual, the issue of high charges and high transactions fees paid to close deals is usually a headache for both the crypto traders and stock traders.

The first issue above doesn’t even include the numerous intermediaries that are getting highly paid at the expense of the traders. Intermediaries like brokers, banks, and other financial institutions that suck traders off their profits.

Other times, traders face challenges in maximizing profits, this is because traders have to trade across various markets but this is really a tiring thing to do because there’s usually no fast and easy way to transfer funds from one exchange to another. The delays are usually out of the world.

Again, these traditional exchanges operate with no transparency. There have been cases of people having their funds wiped out without any explanations, and for those who offered an explanation, the delay taken in rectifying such an issue is much. Other times, people have had their funds outrightly frozen.

But now, let’s talk about INGOT.

INGOT is a financial company operational since 1993. So it’s safe to safe they know the water well enough.

INGOT comes with a solution for traders to maximise the use of global market connections with global market participants to gain maximum profit. Of course, using the blockchain technology.

INGOT plans to create an unprecedented and a first-of-its-kind blockchain revolutionary ecosystem, that will create a much-needed connection between developed crypto markets with the currently existing financial markets. Thus eliminating insecurities, high charges, inefficiencies, etc. whilst providing a single point solution system that users can rely on to carry out all their financial needs.

With over $40 million raised already through its crowd sales, it is no doubt that change is here finally.

Now, Let’s look at the key features of the INGOT platform.

IC WALLET: Here, INGOT comes up with a multi-chip currency wallet that can keep funds safely. There’s a multisignature protocol embedded, and also a cold storage.

With the IC Wallet, users can send and accept funds from other exchanges or within the platform. Then, pay for fiat and vice versa, as a result of the IC Bank and IC Exchange features.

New tokens and already existing tokens can all be integrated and exchanged at any time, meaning that fiat currencies, financial instruments, can be direly exchanged to whatever you want.

IC Brokerage: With the feature, users can trade even with the most unusual pair of assets. We all know that most exchanges come with a limited mainstream trading pairs that may not be easy to maximise profits through, but with the IC brokerage, there will be numerous trading pairs to suit the different needs of users.

IC Digital bank: Here is a service that is dedicated to handling all payment processes on the platform. It also offers the function of a regular bank, meaning users can open various accounts as suits them. Just like a regular bank, users can open accounts for a savings account, current account and a brokerage account.

IC Crypto Certifier: This is an educational hub in the platform. This is for noobs or people who would love to understand the technology of the blockchain. Here, they will get a variety of courses for users. Participants who successfully complete a course will be awarded an international certificate.

IC ICO Accelerator: With the ico accelerator, prospective startups will get services from INGOT to help push their project. Services like a creation of Whitepaper, marketing, financing, pricing and listing. Prospective projects will get all that for a reasonable cost, and also the listing on the IC exchange.

IC exchange and IC Liquidity Pool: Ingot has its exchange where a user can get the chance to trade cryptocurrencies again other ones and/or against the fiat and vice versa.
Also, prospective projects, they can list their tokens on the IC exchange. They get an insured high liquidity through the INGOT liquidity pool protocol.

The INGOT token(IC).

As a full-blown decentralized blockchain platform, Ingot employs the use of a token. This makes it a tokenized and people driven platform. The platform token will be used as a basis of transactions and exchange on the platform. As the growth of the platform continues, the value of the ingotcoin will also grow.

Token information

The ingot platform is currently running an ico where prospective users can become investors of this really amazing project…

Token name: IC
Price: 1 IC = 1 USD
Platform: Ethereum
Accepting: USD, ETH, BTC, XRP
Soft cap: 37,000,000 USD
Hard cap: 90,000,000 USD
ICO Start date: 2018–07–01
ICO End date: 2018–08–11

Conclusion:

Without a doubt, this platform is here to transform the experience of the financial institutions. With its soft capped already reached in a very short period, its safe to say the trust level for project high. And rightly so, given the years and experience the team has amassed in the industry. This will be one of the biggest platforms to come out of the blockchain revolution. This is clearly the future.