INGOT seeks to be a pioneer in the financial industry providing innovative techniques and solutions to link global markets with global market participants.
INGOT Group provides through its entity INGOT Brokers, a wide variety of products and services which includes ETFs, international shares and indices, commodities, metals, energies, as well as currencies. Since its establishment, INGOT has been providing the newest and most up-to-date financial products.
INGOT Group provides through its entity INGOT Brokers, a wide variety of products and services which includes ETFs, international shares and indices, commodities, metals, energies, as well as currencies. Since its establishment, INGOT has been providing the newest and most up-to-date financial products.
INGOT continuously works on providing all stakeholders an evergrowing broad range of innovative products and services globally, thus allowing it to gain sufficient expertise to link this knowledge to the new blockchain environment and create an all-inclusive and self-serving Ecosystem.
INGOT Ecosystem
Creating an unprecedented, a first-of-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 e cosystem that enables participants to perform and execute transaction s according to their financial needs.
The Problem
Present-day financial services mainly consist of financing, investment management & advisory, trading and insurance. When it comes to trading and financing, the current financial system lacks in efficiency and transparency. The market entry complications that are facing investors and the service fees that they are charged are quite substantial, which is why some of these investors get discouraged from actively participating in the current market. Additionally, smaller investors get overlooked in favor of bigger and wealthier investors and thus, combined with the lack of trust in the markets that increased after the 2008 crisis, the global financial market is prevented from reaching optimal efficiency.
• Lack of connection between Crypto and Traditional Markets
The crypto and the traditional financial markets are quite segregated for a participant attempting to cross over or move their capital from one market to the other. The segregation is a result of large transaction costs, time and money.
• Current Market Ineffective Structure
Due to having a highly centralized data processing structure in the financial world, a great deal of time will be lost, leading to loss in lead and edge.
• High Fees in Financial Markets
A large number of intermediaries such as primary banks, brokerage firms and intermediary banks are usually involved in trading and financing activities, which means that high fees are being deducted from investors on multiple stages.
• Impractical Crypto Exit Strategies
As more investors, institutions, and funds started participating, it has become apparent that neither the traditional financial system nor the crypto market can establish a direct connection between the two. Many enterprises across various industries now accept and store cryptocurrency as a method of payment in order to keep up with competition and increasing demand, but unfortunately most are unable to moderate their exposure and risk.
• Lack of trust in Crypto Markets
The difficulty of transferring current holdings to the crypto markets in terms of diversification, liquidity, bias to price discrimination and lack of consistently available market services, has deemed the exponentially growing market unreliable to prospective participants and in turn limiting them from entering.
The Solution
• IC Ecosystem
INGOT Coin will create a complete solution by integrating 6 core ecosystem components and providing a one-stop-shop for the digital asset, traditional asset and currency markets to solve all the above-mentioned challenges, thus, creating a link between the crypto market and the traditional market.
The IC Ecosystem will establish 6 different components to work hand in hand under one umbrella, providing all community members the chance to capitalize on upcoming opportunities in all markets. The Ecosystem’s components, as shown below, are the IC Wallet, IC Exchange, IC Brokerage, IC Digital Bank, IC Certifier and IC ICO Accelerator.
The IC Ecosystem will establish 6 different components to work hand in hand under one umbrella, providing all community members the chance to capitalize on upcoming opportunities in all markets. The Ecosystem’s components, as shown below, are the IC Wallet, IC Exchange, IC Brokerage, IC Digital Bank, IC Certifier and IC ICO Accelerator.
• IC Wallet
IC Wallet will be a blockchain based crypto wallet dedicated to working as a custodial for all cryptocurrencies in the Ecosystem. Participants will be able to use the wallet to send, receive, and store cryptocurrencies available in the market with ease and security. The wallets will contain multi signature and cold storage systems to create a secure and reliable environment for all stakeholders. The wallet allows for transfer of tokens from and to the exchange and other wallets. Furthermore, the wallet will be integrated with the IC Digital Bank, allowing users to pay with fiat and settle with crypto and vice versa.
• IC Exchange
IC Exchange will be integrated securely with the IC Wallet, IC Brokerage and IC Digital Bank through a user-friendly platform, a full fledge cryptocurrency exchange. The exchange will be listing major coins and newly issued ICOs to provide a complete diversified coin spectrum for market participants. The coins will be listed against other cryptos, fiat currencies and traditional financial instruments such as ETFs, and commodities.
• IC Brokerage
IC Brokerage will create a hub of liquidity, efficient market pricing and access to all financial products, ranging from fiat currencies to international equities and from commodities (Agriculture, metals and energies) to ETFs.
The IC Brokerage’s integration with the IC Exchange and the IC Wallet, further provides the investors with hundreds of options to trade in times of any market uncertainty. Through the Brokerage, users will be able to actively hedge and expand their investments portfolios.
The IC Brokerage’s integration with the IC Exchange and the IC Wallet, further provides the investors with hundreds of options to trade in times of any market uncertainty. Through the Brokerage, users will be able to actively hedge and expand their investments portfolios.
• IC Digital Bank
IC Digital Bank will provide 24/7 automated payment processing with high-level web-based custodial services. The IC Digital Bank will also facilitate the IC Brokerage and IC Exchange duties, along with providing day-to-day online services such as e-payments.
• IC Crypto Certifier
IC Crypto Certifier will aim to build awareness and educate all interested parties on the blockchain technology, through its up-to-date, powerful and diversified educational services. This will include a variety of certified courses on IT consulting, compliance, cryptography, regulatory and financial consulting.
• IC ICO Accelerator
IC ICO Accelerator will aim to unlock funding for all innovative projects by paving the way for creative visions and new ideas.
Finally
The IC Ecosystem will be based on the blockchain technology and will utilize Smart Contracts to facilitate the execution of different contracts, while eradicating the need for intermediaries and external interferences that restrict investors from fully engaging in all markets.
By adopting blockchain, INGOT is creating a specialized ecosystem that will substantially increase customers’ confidence, market liquidity and -most importantly- provide efficient market pricing and access to funds for all variety of stakeholders. The IC Ecosystem will transform trades, settlements and payments and make them instant, bringing together different necessary components and cutting out third party intermediaries who usually delay the process and increase associated costs.
✅Website: https://www.ingotcoin.io/
✅Whitepaper: https://www.ingotcoin.io/documents/en/white-paper.pdf
✅Twitter: https://twitter.com/ICOINGOT
✅Facebook: https://www.facebook.com/ICOINGOT/
✅Reddit : https://www.reddit.com/user/INGOTCoin
✅Medium : https://medium.com/@khawanks
✅Telegram Group: https://t.me/INGOTCoin
✅Youtube: https://www.youtube.com/channel/UCkhXGyI_piMMDMtyrYjI_IA
✅Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3581009.new
✅Whitepaper: https://www.ingotcoin.io/documents/en/white-paper.pdf
✅Twitter: https://twitter.com/ICOINGOT
✅Facebook: https://www.facebook.com/ICOINGOT/
✅Reddit : https://www.reddit.com/user/INGOTCoin
✅Medium : https://medium.com/@khawanks
✅Telegram Group: https://t.me/INGOTCoin
✅Youtube: https://www.youtube.com/channel/UCkhXGyI_piMMDMtyrYjI_IA
✅Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3581009.new
Author of article:
✅Bitcointalk username: Erik_Smuel
✅Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2020517
✅Bitcointalk username: Erik_Smuel
✅Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2020517
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