INGOT COIN: LINKING CRYPTO AND TRADITIONAL FINANCIAL MARKETS TOGETHER AND SOLVING ALL PROBLEMS IN EACH SECTOR
INTRODUCTION
Among financial institutions today are clearing houses, they are formed to facilitate the exchange of payments, and securities. The clearing house stands in between two clearing firms, this clearing firms are sometimes known as members firms or most times participants. The clearing house tends to reduces the risk of participants not willing to honor their trade obligations. After the execution of trade between the participants, the clearing house obligation is to centralize and also standardize all the steps leading to payments. Blockchain technology has high potentials to wipe out the need or usage of clearing houses, as the entire data ledger will be decentralized and very transparent to all the trade participants eliminating the need or use for intermediaries that most times creates less conducive atmosphere for investors who wants to participates in all markets. With the use of smart contracts the Blockchain Network will provide high security for investors.
ABOUT THE INGOT COIN (IC) ECOSYSTEM
The Ingot Eco system based on the Blockchain technology will link crypto markets and also with the currently existing financial markets to eliminate inefficiencies and also provide a transparent atmosphere to allow investors to perform transactions according to their financial needs at that particular period of time. With the ability of Ingot Eco system a new link between the crypto community and the current normal market participants will be created, which will allow them to be able to diversify their portfolio in an effective manner that will be efficient and secure for them.
Challenges Presently Facing The Financial And Crypto Markets.
1. High Fees in The Financial Markets: In the financial markets the intermediaries that are used which include primary banks, brokerage firms and intermediary banks are always involved in various financial activities and trading. They always deduct very high fees from investors on all the stages of their activities, and in most cases this fees are excessive and this can affect investors as the charges makes it difficult for them to reach out to different markets.
2. Ineffective Market Structure: In most cases there is the need for local compliance standards and these includes KYC and also AML, sometimes they may be outdated and also irrelevant when trying to comply with international standards. And this makes it difficult for foreign investor who wants to invest in local markets.
3. The Lack of Communication Between the Crypto and Traditional Market: In the crypto and traditional financial markets some participants may want to move their funds or capital from one market to another but the crypto and financial markets are segregated and this is caused by the high transaction costs, time and also money. These costs most times lead to reduced profits and sometimes loss of profits. Markets participants always looks for ways to diversify their funds and because of the lack of connections between crypto and Traditional Markets, this participants are unable to move funds between different markets or are discouraged because of high costs. This shows the crossover system is inefficient and less transparent.
4. Lack Of Trust In The Crypto Markets: The lack of full knowledge or information in the market about Blockchain, smart contracts and other factors have caused investors To shun profitable investment opportunities. And the difficulty of transferring present holdings to the crypto market in terms of diversification and lack of consistency in the market services has affected the crypto market.
INGOT ECOSYSTEM SOLUTIONS
With the development of 6 core ecosystem components, ingot coin will create a complete solution in both the financial and crypto markets. Ingot ecosystem will create a link between the crypto market and the traditional markets. The 6 components are:
1. IC Exchange: The exchange will list major coins and also newly issued ICO’S to provide a diversified atmosphere for investors. These coins will be listed against other Crypto’s, fiat currencies and also traditional financial instruments such as ETFS and commodities.
2. IC Wallet: The IC wallet designed will be a Blockchain crypto wallet that will be dedicated to work for all crypto currencies in the Eco system. Users will have the ability to send, receive and also securely store crypto currencies. The wallets will be designed to allow users to pay with fiat.
3. IC Brokerage: This will be integrated with the IC Exchange and also the IC wallet providing investors with opportunity to trade in times of any market uncertainty because IC Brokerage will create a hub of liquidity, efficient market pricing and access to all financial products from fiat currencies to different forms of commodities like metals, energy and agriculture.
4. IC Digital Bank. This digital bank will prove all round the clock automated payments. This digital bank will facilitate the IC brokerage and IC exchange duties. Users will be able to open bank accounts from either current, savings or brokerage accounts.
5. IC Crypto Certifier. This will help to create and aim to build awareness and also see the need to educate all the Interested Investors on the Blockchain technology by using it’s up to date powerful and diversifies educational services.
6. IC ICO Accelerator. This will aim to unlock the funding of all innovative projects by paving a way for creative visions and also new ideas. The ICO Accelerator will guide participating Ico’s to be able to list their tokens on the IC exchange on a better reasonable price.
All the above shows that the IC Eco System will provide 24/7 support and also services that will link between different markets, also providing the industries fastest, safest entry and exit mechanism for both sides. The IC Ecosystem will allow investors to trade safely in the Crypto market and also easily swing to the traditional market in no time. The ingot ecosystem will also use some possible trade instruments which include crypto vs crypto, crypto vs fiat, crypto vs traditional, traditional vs fiat, and also finally fiat vs fiat.
Advantages of IC ecosystem are credit ratings, listing new crypto currencies, 24/7 digital banking service, payment processing, crypto vs fiat trading and much more.
Token Sales & Dates.
INGOT Coin presale ICO starts on May 1st, 2018 and ends on June 30th, 2018.
INGOT Coin ICO will start on July 1st, 2018 and ends on August 11th, 2018. Each discount phase come with a limit that restricts how much is invested at a specific discount rate.
CONTACTS
Website: https://www.ingotcoin.io
ANN https://bitcointalk.org/index.php?topic=3581009
Whitepaper: https://www.ingotcoin.io/documents/en/white-paper.pdf Telegram: https://t.me/INGOTCoin
Twitter: https://twitter.com/ICOINGOT
Facebook: https://www.facebook.com/ICOINGOT/
Youtube: https://www.youtube.com/channel/UCkhXGyI_piMMDMtyrYjI_IA?view_as=subscriberAuthor Details
Bitcoin talk username: kayman78
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