Ingot Coin is a new financial project that aims to combine the traditional financial sector with modern decentralized blockchain technology. This innovative solution allows to create a tool to manage all types of financial assets denominated in cryptocurrencies and traditional Fiat – currencies.
Existing problems of the industry
The modern financial system that relies on centralized systems has two big problems - lack of efficiency and transparency for users. If earlier these disadvantages were tolerated due to the lack of alternatives, now they can be eliminated thanks to the capabilities of crypto-assets. However, the promotion of blockchain in the financial sector is hampered by several obstacles:
The lack of a direct link between digital currencies and traditional financial market. Now they operate separately from each other because financiers can not diversify risks using both tools. The movement of capital between centralized and decentralized systems is now time-consuming and requires significant fees.
The excessive centralization of financial markets means that it may take too long to complete a transaction. What is unacceptable when working with cryptocurrencies.
The existing system processes transactions through a large number of third parties that provides the necessary security but requires too much cost in the form of a Commission. The use of blockchain technology will allow to achieve the necessary transparency and reliability without intermediaries due to the actions of the platform users.
Investing in cryptocurrencies is currently limited by the fact that when the rate of the latter decreases, users can not quickly withdraw investments into the traditional sphere. Because of this, confidence in the crypto-currency markets is lost on the part of major players.
Features of project Coin.
The platform offers to create a unique ecosystem for financiers from around the world that will allow 100% to integrate cryptocurrencies and blockchain technology into the traditional financial market. In the framework of Ingot Coin planned the operation of such components:
Wallet is a cryptocurrency wallet with multi-layer protection against hacking. It is possible to store various types of cryptocurrencies as well as national currencies of a particular country and use them freely due to tight integration with IC Digital Bank.
Exchange is an asset exchange platform. On this digital exchange, it will be possible to change one crypto currency to another at the current rate to purchase newly issued tokens of new projects and perform similar operations with Fiat assets.
Brokerage is a tool for brokers and traders who earn on fluctuations in the rates of various assets. Users will receive a reliable liquidity provider with the ability to use the now popular trading and analytical tools.
Digital Bank is a payment system that processes transactions within the platform. Clients will be able to open their own accounts of various types, provide funds for management, make transfers between participants at low rates regardless of the currency used.
Crypto Certifier is a training center that will function similarly to similar institutions on traditional exchanges and in financial companies.
ICO Accelerator is an assistant for people and companies with interesting financial projects. It will allow beginners to implement startup ideas in the field of cryptocurrencies by providing marketing legal and PR services.
Project partner
Token Coin platform.
For the functioning of the platform and raising funds for the development of the necessary SOFTWARE, it is planned to ICO tokens in the amount of 120 million pieces at the initial price of $ 1. The softcap of the initial placement is $ 37 million hardcap - $ 90 million. If the maximum amount is not collected, the authors will not be able to implement the advanced features provided in White Paper.Traditional money as well as bitcoin and ripla ethers are accepted as payment. There is a system of incentives for investors who are the first to invest in the implementation of the platform. The earlier ICS are bought, the more bonuses will be received by their owner.
Summary
A large financial group Ingot is responsible for the implementation of the project, which already has extensive experience in the traditional financial market. In addition, since the beginning of the initial placement of tokens, the authors of the project have already achieved a soft cap, which indicates high confidence in the project from investors. However, before making a decision on investing your own funds, you should repeatedly weigh the pros and cons and study the official resource of the project.
Links
Website: https://www.ingotcoin.io/
White paper: https://www.ingotcoin.io/documents/en/white-paper.pdf
ANN: https://bitcointalk.org/index.php?topic=3581009
Facebook: https://www.facebook.com/ICOINGOT/
Twitter: https://twitter.com/ICOINGOT
Telegram: https://t.me/INGOTCoin
Proof of authentication / author
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1058023
