INGOT COIN

5 min readJun 27, 2018

Ok brothers here I will explain about INGOT COIN, what is ingot coin? How does it work? its usefulness as what? and how to get INGOT COIN?

Ok first what is INGOT COIN?

INGOT Coin aims to create the first revolutionary ecosystem based on blockchain technology that will connect the newly developed crypto market with existing financial markets eliminating inefficiency while providing a one-stop ecosystem that enables participants to conduct and conduct transactions according to their financial needs .

The IC ecosystem will be based on blockchain technology and will use Smart Contracts to facilitate the implementation of different contracts, while eliminating the need for intermediaries and external disruptions that limit investors to fully engage in all markets. By adopting blockchain, we create a special ecosystem that will substantially increase customer confidence, market liquidity, and most importantly — provide an efficient market price and access to funds for all stakeholders.

The IC ecosystem will change trade, settlement and payments and make it instant, bring together the different important components and cut out the third party intermediaries that typically delay the process and increase related costs.

Ecosystem Overview

Creating an unprecedented, a firstof-its-kind revolutionary ecosystem based on blockchain technology that will link newly developed crypto markets with the currently existing financial markets eliminating inefficiencies, while providing a one-stop ecosystem that enables participants to perform and execute transactions according to their financial needs.

This will construct a new pathway between the crypto and the current traditional market participants, enabling them to diversify their portfolio in an efficient and secure manner.

The Token

Token Summary

The Exchange will charge a preferred rate on all transactions paid by our coin, compared to payments done by other major cryptocurrencies or fiat currencies. INGOT will distribute coin dividends once the company is mature and profitable. This increases the attractiveness of the coin in the initial phases and in the long run. The maximum number of tokens that will be distributed will be 120,000,000 IC. In case tokens were not all sold once all the ICO ends, all unsold tokens will enter a burning program as per the smart contract.

Uses of the Token

This hybrid token serves as a utility and a security token. We will go into extensive explanations of both beneficial areas.

Security benefits

The token holders will benefit from the growth of the Ecosystem’s returns. The returns will be reflected on the price, in terms of Capital Gains and in terms of Dividends. As one of the Ecosystem’s main objective is to satisfy token holders and ensure their benefits are on the top of the objectives list, the reflection of the returns on the price of IC will be mainly channeled through our dividends program that will start after the Ecosystem is sustainable and profitable. As it is currently in the market, companies that pay increasing amounts of dividends to their shareholders will enjoy increase in stock or token prices. This is due to the increase in attractiveness of the security as the returns on the price of the security has increased. Along with some of the other cryptocurrencies, the token will have limited supply, which will lead to fixing the supply while demand can increase that will lead to capital gains for token holders.

Utility Benefits

The main benefits of this token lie here. The token could be used in a magnitude of ways:

- Method of payment within the Ecosystem: As there is value to the coin, Ecosystem stakeholders will be willing to receive these coins as a method of payment. The advantage here is that if a token holder is paying the IC Exchange, IC Brokerage, IC Crypto Certifier, IC Accelerator and the IC community they will receive various discounts from %5 and reaching up to %50 in some cases.

- Method of payment to external entities: In this case, IC will act just like any other cryptocurrency, a method of payment with value shown clearly from the exchanges. The increase in circulation of the token will provide a more efficient price of the token.

INGOT Coin will be the preferred transacting method throughout the entire Ecosystem, covering the following components:

Ecosystem Caps

Hard Cap

Based on our extensive financial model, we have placed a hard cap of $90,000,000. This number will ensure we provide the best services with optimal allocations into each component of this all-inclusive ecosystem. The values plotted below include the best registrations with top-notch developers implementing on state-of-the-art technologies.

Many assets will be shared among the Ecosystem. The above values include cost of licenses that depend on the country of choice. Different countries have different costs and presents us with different statuses.

Soft Cap

Our Ecosystem could be constructed in rounds. However, the main core should be implemented simultaneously. Having said that, we have included the main components with their minimum value to be launched with a minimum of $37,000,000.

Token Bonus, Discounts & Dates

Pre-ICO Discounts, Dates and Limits

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. Each discount phase comes with a limit that restricts how much is invested at a specific discount rate.