Ingotcoin.io is the first fully integrated Wallet with a Digital Bank, Brokerage, Exchange, Certifier, and ICO Accelerator. All components are rolled into a single and complete ecosystem, which rewards token holders and consumers for using and contributing to it. INGOT Coin is a decentralized cryptocurrency which provides benefits and discounts within the ecosystem itself. IC will be based on an ERC20 technology.Providing a vast range of financial products including: fiat currencies, Equities, Bonds, Commodities and ETFs while ensuring high level efficiency and liquidity.INGOT intends to provide participants with robust skills and knowledge required to develop the blockchain technology, understand the crypto market and obtain globally recognized certification.Providing divergent solutions and methods that facilitate the commodity trading process through secured state-of-the-art user friendly exchange platform.
How does it work?
By utilizing blockchain technology, the team behind Ingot are creating a decentralized and secure system that is a much-needed innovation given the current state of the financial market. The IC Bank will enable transparency by recording transactions on decentralized ledgers. This decentralization is facilitated by the ecosystem’s peer-to-peer (P2P) model. Perhaps most interesting of all, the IC Bank also eliminates the need for transaction fees, even for small transactions. Finally, the IC Wallet provides the users with the peace of mind that their assets are safely stored in an encrypted digital wallet.
The INGOT Coin ecosystem is comprised of 6 core components:
IC Wallet, a blockchain-based crypto wallet that will allow participants to send, receive and store cryptocurrencies, as well as fiat money. This wallet will be integrated with IC Digital Bank, allowing users to pay with fiat and settle with crypto and vice versa, and with IC Exchange.
IC Exchange, a cryptocurrency exchange fully integrated with IC Wallet, IC Brokerage and IC Digital Bank, where traders will be able to buy and sell cryptos, which will be listed against other cryptos (BTC/ETH) or fiat currencies (BTC/USD), or even against ETFs and commodities (i.e. BTC/GOLD)
IC Brokerage, which will provide access to all financial products, ranging from fiat currencies to international equities and from commodities.
IC Digital Bank, a 24/7 automated payment processing system which facilitates all transactions, payments, and settlements within the INGOT ecosystem. Clients will be able to open different bank accounts ranging from current and saving, to brokerage accounts.
IC Crypto Certifier, a platform for educational services aimed to build awareness and educate all interested parties on the blockchain technology.
IC ICO Accelerator, geared towards entrepreneurs and startups willing to raise funds for their projects, offering a wide range of services from marketing strategies, PR services, white paper content creation, to legal services, blockchain technology development and token listing on the IC Exchange.
Ingot Coin Token Sale
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.
Token IC
Price 1 IC = 1 USD
Platform Ethereum
Accepting USD, ETH, BTC, XRP
Soft cap 37,000,000 USD
Hard cap 90,000,000 USD
Country Estonia
Roadmap
The roadmap for this project is really comprehensive and it starts with Q3 of 2017 when the initial team did a research on financial threats that may happen in the future or that may already be underway.
They reserved 2017 for research and developed a business model in Q1 of 2018. The whitepaper was created in Q2 of 2018. The pre-sale is also made in Q2 and the beginning of Q3 is reserved for the first round of ICO.
The plan is to go live with the IC Wallet in Q4 of 2019 and to open an IC Digital bank in Q2 of 2019. All of the other components of the website are scheduled for the second part of 2019 and for 2020.
Verdict
There are many signs pointing out to a successful ICO here. First of all, the company behind the project, INGOT Group, has been in the market since 1993 which is positive as the founders of the project have a wide experience in the financial markets so they know what they’re doing and how the business work. Also, the ICO white paper is well-written and provides enough information about the business model, including forecasts for revenues and token price.
To cap everything, some of the Advisory Board members have helped to develop several successful ICOs and the company has started to sign several partnerships this month.
The main INGOT Coin ICO weakness is that no marketing plan and no competitor analysis are provided in the white paper. The latter makes sense as probably there’s not a similar solution in the market right now, though you can find competitors for some of the ecosystem components, especially in the crypto exchanges field.
All in all, a very interesting project as INGOT Coin proposes an innovative, cost-effective solution to integrate several financial services under one umbrella.
For more information, please visit the link below:
Website : https://www.ingotcoin.io/
Whitepaper : https://www.ingotcoin.io/documents/en/white-paper.pdf
Facebook : https://www.facebook.com/ICOINGOT/
Twitter : https://twitter.com/ICOINGOT
Telegram: https://t.me/INGOTCoin
Ann Thread : https://bitcointalk.org/index.php?topic=3581009
Author: anisah fitri
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1870804
