INTRODUCTION
IGNOT COIN (IC) as a secure token creates an innovative way of linking crypto market to the current financial and trading industries. With the way crypto market is improving, blockchain technology has been a great driving force in the development of financial and trading industries. Notwithstanding, the ineffectiveness of this current industry needs to be addressed and that is why IC has come with an innovative way of using blockchain technology to bridge together different financial institutions in order for the participants and the stakeholders to have the freedom to diversify their funds at any time with no restriction.
THE BLOCKCHAIN REVOLUTION
With the use of blockchain technology and smart contracts, the IC ecosystem will decentralize the market, transform trades and make the payment instant. The use of smart contracts makes financial industry to improve in verification, transaction and exchange thereby making it a more secure, transparent and efficient market for participants.
THE PROBLEMS OF FINANCIAL AND CRYPTO MARKETS
LACK OF CONNECTION BETWEEN CRYPTO AND TRADITIONAL MARKETS
The large transaction costs, time and money are the factors affecting the participants to cross over or move their capital from one market to the other. The current crossover mechanism in terms of availability and transparency is ineffective because the execution can takes days depending on different factors such as day of execution, type of order, size of trade etc.
HIGH FEES IN FINANCIAL MARKET
Trading and financing activities usually involve a large number of intermediaries such as primary banks, brokerage firms and intermediary banks thereby making it difficult for the investors looking to access different markets because all these intermediaries attract high fees.
LACK OF TRUST IN CRYPTO MARKET
Some participants have turned down profitable investment opportunities due to the lack of knowledge in the market about blockchain and smart contracts. Transferring of current holding to the crypto market in terms of diversification, liquidity, lack of consistently available market service is difficult thereby making the market unreliable to the participants, hence limiting them from entering.
INEFFECTIVE STRUCTURE OF CURRENT MARKET
In the financial world, there is a highly centralized data processing structure that contributes to loss of time, which is high value for people engaging in trading or seeking financing. This time lost leads to loss in lead and edge.
THE SOLUTIONS OFFERED BY INGOT COIN
IC ECOSYSTEM
IC integrates 6 core ecosystem components and providing a one-stop-shop for the digital asset, traditional asset and currency markets to solve all the problems mentioned above. These components include;
IC WALLET: it is a blockchain based crypto wallet that the participants will be using to send, receive and store cryptocurrencies available in the market with ease and security. It has a maximum security, thereby making it difficult for hackers to access.
IC EXCHANGE: this will be integrated securely with the IC wallet, IC brokerage and IC digital bank through an easy platform.
IC BROKERAGE: This will create a hub of liquidity, efficient market pricing and access to all financial products. It allows the users to be able to actively hedge and expand their investments portfolio.
IC DIGITAL BANK: It provides 24/7 automated payment processing with high-level web-based custodial services. It also provides fund management for all interested stakeholders.
IC CRYPTO CERTIFIER: It will build awareness and educate all interested parties on the blockchain technology through its updated, powerful and diversified educational services.
IC ICO ACCELERATOR: It will unlock funding for all innovative projects and encouraging creative visions and new ideas.
EXPANSIVE MARKET ACCESS
IC will make it comfortable and comprehensive for the beginners and advanced traders with minimal initial capital. It will also provide its own cryptocurrency that will be available for purchase without being bias to any market participants.
MINIMIZE COSTS & ESTABLISH THE PATHWAY
IC tackles the issues brought by third party intermediaries and banks such as high fees, unavailability and time consumption. I makes trading direct, cost efficient and less timely and always available through distributed technologies.
TRANSPARENCY, DATA AVAILABILITY & HIGH LIQUIDITY
IC ecosystem will be transparent because all trades will be available on the ledger and the ledger will be available to all stakeholders, global network of cryptocurrency exchanges will be accessible to all participants. The IC platform will be managed and operated by INGOT Coin, a registered company established and licensed under Estonian laws.
TOKEN DESIGN AND SUMMARY
The mining difficulties are tackled through the blockchain technology,the accelerator will provide tokenization and programming solutions. The team of technical specialists will provide smart contract development, custom token rules, testing and implementation based on technologies such as ERC20, waves and OMNI.
Once the company is mature and profitable, the coin dividends will be distributed. The maximum number of token that will be distributed will be 120,000,000IC, all unsold tokens will enter burning program.
CONCLUSION
INGOT Coin links one market to the other through a blockchain technology thereby making it more transparent and secure for the participants to trade without fear.
TEAM
The team consists of members that have wide experience in blockchain technology and marketing.
For more information about INGOT COIN, please visit these lilinks
Website : https://www.ingotcoin.io
Whitepaper: https://www.ingotcoin.io/documents/en/white-paper.pdf
ANN: https://bitcointalk.org/index.php?topic=3581009
Twitter: https://twitter.com/ICOINGOT
Facebook: https://www.facebook.com/ICOINGOT
Username: Draycoin
My bitcointalk profile link
https://bitcointalk.org/index.php?action=profile;u=2376592;sa=summary