INGOT COIN: TRANSFORMING THE FINANCIAL MARKET WITH THE AID OF BLOCKCHAIN TECHNOLOGY

achuks (6)in #coin • 6 years ago (edited)

THE NATURE OF THE FINANCIAL MARKET TODAY

Every now and then we hear of how blockchain technology is disrupting the world, solving issues in systems, platforms etc, but even at that, it's yet to be adopted on a global scale thus yet to fully solve issues found in the financial market, why? The answer or rather the solution to this question or challenges is presented by a platform known as INGOT COIN.

Blockchain technology, ever since it's inception has brought tremendous changes in the world as we know it and owing to its unique attributes the crypto space has grown to a $200 billion market with about 1500+ coins and tokens in existence as reported by CoinMarketCap.
This tremendous growth can be attributed to decentralization and use of smart contracts which has ensured in each blockchain based platform data is protected from manipulation while users can transact from anywhere in the world at a low fee.

Like earlier stated the crypto market is yet to be adopted on a global scale thus not been able to fully solve the issues in the financial market.
Some of these issues are;

The present structure of the crypto and financial market is insufficient and inefficient to suitably handle associated transactions; in addition, owing to the fact centralized systems analyses trade data in the financial market, time is consumed which stirs up anger, discomfort and lack of confidence in investors as they lose money with each passing second.
The charges required on investors in various phases of trading and financing in the crypto market is high. Banks, brokerage firms and delegate banks charge alarmingly-high fees which stops investors aiming to enter the financial markets.
The financial and crypto market not having a productive and straightforward system for trading or exchanging purposes. This is as a result of no association between the crypto and traditional markets as they are somewhat isolated for users endeavouring to transfer assets from one market to the other.
This isolation emerges from the immense transaction costs, time and financial requests needed before processing transactions. These costs normally decrease the benefit radically and most times may prompt misfortunes and this discourages potential investors from entering the market.
There is nonattendance of trust in the crypto market. In addition, potential investors are discouraged as the exit strategy in the crypto market looks unrealistic.
The KYC and AML regulations needed by the regulatory bodies is outdated which in most cases aren't efficient in confirming international standards, thus posing as a barrier to potential investors who wish to enter the financial market.

THE SOLUTION (INGOT COIN)

INGOT is an existing business aiming to incorporate blockchain into its business model so as to solve the issues limiting the financial market from growing. INGOT COIN will use smart contracts to process contracts efficiently while the middlemen will be removed therefore reducing costs. Also with blockchain technology INGOT will offer a platform which will ensure customers confident etc while all transactions are transparent.

In order to solve the issues in the current financial systems INGOT is focused on building up a special and absolutely new ecosystem that is based on the blockchain system. This ecosystem will interface a new crypto market with the effectively existing financial market, in this manner, eliminating inefficiencies. INGOT also offers an outstanding ecosystem which will enable all investors to attempt transactions in light of their financial requests.

Within The INGOT COIN Ecosystem Are The Following;

IC Digital Bank: The INGOT COIN Digital Bank is built in such a way that it will offer users an efficient and automated payment system. The IC Digital Bank will similarly help the IC Brokerage and IC Exchange thus making it possible to process e-payments. The IC Digital Bank also makes it possible for users to open different accounts as fund management is also assured.
IC Wallet: This is a blockchain-based crypto wallet intended to hold the cryptocurrencies in the ecosystem. Users can use the IC wallet to receive, transfer and store cryptocurrencies available in the market effortlessly and securely. To ensure the security of funds, the wallet utilizes multi-layer signatory system.
IC Exchange: The INGOT COIN Exchange is integrated securely with the Digital Wallet, the Brokerage and Digital Bank of the IC ecosystem with a simple and user-friendly interface, thus becoming a total cryptocurrency trading platform.
This IC exchange will support major cryptocurrencies as well as newly launched ICOs so as to give users the chance to chose from a wide range of cryptocurrencies.
IC Brokerage: The IC Brokerage is additionally incorporated with IC exchange and IC wallet which then gives investors the chances to take an interest in many trades.
The IC Brokerage will be the hub for financial products such as energies, metals, agriculture, ETFs as well as market pricing system and liquidity.
The IC Brokerage will also make it possible for instant trading on crypto/stock or crypto/commodity such as BTC/APPL, BTC/GOLD.
IC Crypto Certifier: The IC Crypto Certifier will be used to coordinate and teach members in the crypto space about blockchain innovation which is accomplished by taking them on related courses. This course includes cryptography, IT consulting, compliance, and so forth. The candidates that graduate will be offered global distinguished certificates.
IC ICO Accelerator: The IC ICO Accelerator will be utilized to advance dreams and ideas, consequently making it possible for potential projects to access funding. Entrepreneurs will be offered services such as whitepaper creation, legal services, PR services etc so as empower them to raise funds. New blockchain projects will be guided accordingly on how to list their tokens on IC Exchange at a cheaper rate.

CONCLUSION

INGOT COIN is a blockchain ecosystem that aims to solve the issues in the financial and Crypto market by incorporating blockchain into its existing business thus building a platform where transactions are carried out quickly, in addition offering the security of users funds as well as allowing the trading of different cryptocurrencies.
INGOT COIN IC will serve as a security token as well as a utility token while having a total supply of 120,000,000.