INGOT COIN — To ICO or not to ICO

Gecko Trader
Cryptocurrency Beyond Limits
6 min readJul 22, 2018
INGOT coin is a decentralized cryptocurrency which provides benefits and discounts within the ecosystem itself. IC will be based on ERC20 technology.

“Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.”

Paul Samuelson, Economist

Paul Samuelson’s comment above is very interesting because it talks about patience and this is what all venture financing (VC) investors must have when undertaking to invest. It is clear that all certainly have their own criteria when committing to do so. However, despite their criteria being varied, they all have one agenda. This agenda is very succinctly summed up by Warren Buffet when he commented “Rule №1: Never lose money. Rule №2: Never forget rule №1”. Indeed the aim of the game is to gain high returns. The aim is to be a winner. The market place is often tough so staying a winner and not losing out over the years is both difficult and complex. This is clearly a factor as to why in the past often exciting projects have often not been given enough consideration by some investors.

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The good news is that times are changing and “dried paint” and “the Las Vegas excitement buzz” do not necessarily need to be separated. Indeed the investment “game” is transforming as the popularity in ICOs grows. ICOs have seen what can only be described as a meteoric rise since 2017 resulting in $2.3 billion being raised to date as blockchain companies turn to crypto currency. This has been only good news for rising unknown projects such as INGOT COIN. However the question still at times hangs in the air of whether going down the traditional venture financing path is a more solid bet. The answer to this is perhaps the question of just what you are expecting from your investment. However, one motivating pointer to favouring the ICO is that unlike VC is not a cumbersome process. ICOs offer a process which is a lot more flexible and less rule bound. Indeed this is the reason why we are experiencing a sea change in how companies and potential investors view the ICO.

INGOT Coin is the first fully integrated blockchain-based Wallet with a Digital Bank, Brokerage, Exchange, Certifier, and Initial Coin Offering (ICO) Accelerator; all rolled into a holistic ecosystem which rewards token holders and cryptocurrency market participants for using it and contributing to it, in addition to granting them the opportunity to invest in a wide- ranging list of cryptocurrencies, fiat currencies, stocks, as well as other financial assets and instruments.

It is the most revolutionary and imaginative projects which are often difficult to get off the ground because of the rigidity of VC funding. INGOT COIN is one of many ICOs who have quickly realised that this financing method is the most efficient way to reach their financial goals and therefore ensure that their project is successful. Thanks to experts such as Olivier Bussman’s, (former chief information officer at UBS) faith in the ICO’s potential this option is spreading and it can only be seen as a good thing.

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So, besides being less cumbersome and rule bound what are the advantages of the ICO over VC? In other words what is encouraging many out there to join the growing crowd of believers? The answer to this is not a one liner (and shouldn’t be so) because the pros always must outweigh the cons and there are always cons in any investment process.

INGOT Coin (IC) aims to integrate the traditional financial industry with the blockchain innovation by offering a complete Ecosystem that provides crypto holders the access to all financial services. This serves as an introductory paper for the Whitepaper.

The first-of-its-kind all-inclusive Ecosystem will be the pioneer in linking the crypto universe to the current traditional world. The IC Ecosystem includes: IC Wallet, IC Digital Bank, IC Brokerage, IC Exchange, IC ICO Accelerator and IC Crypto Certifier all under one umbrella linked by the IC Community. IC Digital Bank will provide 24/7 automated payment processing with high-level web-based custodial services managing the IC Brokerage and IC Exchange duties along with day-to-day online services such as e-payments, current accounts and saving accounts handled by debit cards. IC Digital Bank will provide fund management for all interested stakeholders. IC Brokerage creates a hub of liquidity, ecient market pricing and access to all financial products, ranging from fiat currencies to international equities, and from commodities (Agriculture, metals and energies) to ETFs. IC Exchange is a single platform offering two venues, our ICO platform and the full fledge all-inclusive exchange. The exchange will be listing major coins and newly issued ICOs. Moreover, the Exchange will enable trading the current financial instruments: ETFs, futures, commodities and fiat facilitated by the Ecosystem’s Brokerage, Bank and Wallet. IC Wallet will be working as a custodial for all crypto holders in our ecosystem. The wallet will insure multi sig and cold storage systems to create a secure environment to all stakeholders. IC ICO Accelerator is a boutique specialized in assisting blockchain projects to issue their ICOs, the boutique offers professional services for supporting ICOs creation through collaboration with advisors, law firms and specialized marketing companies, all the way to listing successful ICOs on the exchange. IC Crypto Certifier will empower market participants, through delivering industry-leading certifications in crypto markets. Webinars, seminars and expert blogs will have a swift and direct impact on raising awareness and knowledge.

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One of the main attractions of crypto currencies is their liquidity. The ICO offers investors with an alternative to the lengthy investment process involving investing large amounts in a startup which is then locked up in the equity of the company. They offer the opportunity for investors to see their gains much quicker and to take out profits much more easily and of course as we have already said — the aim of the game is just that. An additional game changer is also that ICOs can appreciate much faster in value. Everyone knows by now the incredible rise in the value of the Bitcoin which was worth $100 in 2013 and by 2017 had grown in value to be worth $4000. Clearly the potential ROI for investors using crypto currency is much higher.

These are both highly attractive reasons for getting on board. Perhaps equally important is its accessibility. This accessibility is a mentality in itself. Indeed it goes hand in hand with the mind-set of those collaborative communities. INGOT was probably inspired by the fact that the ICO is open to everyone. Anyone can become an integral part of a project and therefore be a part of that engine which fires it.

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Furthermore and certainly again fitting entirely in the collaborative mentality, the ICO is without boundaries. Traditional venture financing is more than often geographically limited to those financial hubs such as New York, Paris or London. However, the ICO removes this limitation and opens up opportunities for anyone in any geography. It could be described as a democratic funding strategy. Certainly the workings of the ICO could be compared to Google’s IPO in 2004 which used a Dutch auction model to allow everyday people the possibility to become a part of the company’s CAP table and so reap the benefits.

The list of advantages does not end here but my aim, as indicated earlier, is simply to whet the appetite. Clearly the ICO is here to stay because its advantages are huge. What they offer is not only attractive but it is compatible with the way we do business today in this connected world. They clearly have their place in the world of investment and as for those still sceptical, perhaps good to know, they pass that all important criteria outlined in the “howey test” in 1964. As with all investor games, however, getting in early is all about reaping the benefits more. Projects on the “market place” today such as INGOT COINS are inspired by the mindset of the future as well as their wish to revolutionize their industry. It is this sheer modernity and way of thinking which will be one of the reasons they will be ICO success stories of tomorrow.

For More Details Visit these links:

Website: https://www.ingotcoin.io/
ANN Thread: https://bitcointalk.org/index.php?topic=3581009
ICO: https://www.ingotcoin.io/en/Runtime/signup

Author:

Bitcointalk username: GeckoTrader
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=1846257

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