INGOT COIN - Introduction

in #ico6 years ago

 

ABOUT INGOTCOIN

INGOT Coin aims to Create 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 ecosystem that enables participants to perform and execute transactions according to their financial needs.

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, we are 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.


Current Challenges in Financial & Crypto Markets

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. These costs sometimes lead to the eradication of profits, and in some cases lead to losses, which restricts investors from participating in the market. Furthermore, Market participants are always searching for ways to diversify their funds, along with rebalancing them to reach an ideal allocation of assets that fits their risk appetite. Given the lack of connection between crypto and the traditional markets, participants are either unable to move funds between different markets in a reasonable timespan or are restricted by the costs associated to do so.

The current crossover mechanism is also inefficient in terms of availability and transparency as it is only available 5 days a week and execution can take from hours to days depending on different factors, such as liquidity, day of execution, time of execution throughout the day, type of order and size of trade.


Current Market Ineffective Structure

Time is of extremely high value for people who engage in trading or seek financing. Unfortunately, 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. Additionally, local compliance standards such as KYC and AML are in some cases irrelevant or outdated when trying to comply with international compliance standards. Thus, causing significant complications for foreign investors who are looking for exposure to the local markets.


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. Excessive bank and brokerage fees can be unattractive and debilitating for investors looking to access different markets.


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.


Information ICO

Token IC

Price 1 IC = 1 USD

Bounty Available

Platform Ethereum

Accepting USD, ETH, BTC, XRP

Soft cap 37,000,000 USD

Hard cap 90,000,000 USD

Country Estonia


MORE INFORMATION :

Website : https://www.ingotcoin.io/

Whitepaper : https://www.ingotcoin.io/documents/en/white-paper.pdf

Ann Thread : https://bitcointalk.org/index.php?topic=3581009

Twitter : https://twitter.com/ICOINGOT

Facebook : https://www.facebook.com/ICOINGOT/

Telegram Group : https://t.me/INGOTCoin

Youtube : https://www.youtube.com/channel/UCkhXGyI_piMMDMtyrYjI_IA?view_as=subscriber


My Profil BTT : https://bitcointalk.org/index.php?action=profile;u=2271545;sa=summary