The blochchain technology which was created in 2008 and implemented in 2009 by Satoshi Nakamoto continues to grow immensely because of the massive adoption of the technology as more information is added to its blocks. Its greatest and innovative milestone is the creation of cryptocurrencies such as Ether, Ripple, Bitcoin, etc. The aim of cryptocurrencies is to revolutionize the traditional method of payment providing quick monetary transfers, cryptographically-enabled security, consensus mechanism, data immutably and transparency without third party interference. The merger of cryptocurrencies and the financial market was a welcome innovation; however, the market is faced with certain challenges that cannot be easily overlooked. The market is faced with inefficiencies and lack of transparency making investors especially the potential ones to lose interest in participating in the market. Furthermore, there is a lose bond between crypto and traditional markets caused large transaction costs, time and money making it extremely difficult for someone who wishes to move their capital from one market the other. As earlier mentioned, there are high fees in the financial markets and ineffective market structure due to its centralized structure. In addition, the volatility of the market has led to its unreliability thereby causing participants of the market to overlook possible profitable investment opportunities.
THE SOLUTION
The INGOT platform presents a solution to the challenging rocking the financial markets by integrating 6 core ecosystem components which are: IC wallet, IC exchange, IC brokerage, IC digital bank, IC certifier and IC ICO accelerator. This will help to provide a link between the crypto market and the traditional markets for easy access to digital assets, traditional assets and currency markets. The platform will enable safe and fast entry and safe mechanisms for both the crypto and traditional markets without being worried about the factors of cost and time. INGOT guarantees a trustworthy, complaint, transparent and secure ecosystem and an expansive market access. In addition, the platform helps to minimize costs, provide data availability and high liquidity in the market.
SOME BENEFITS OF THE INGOT ECOSYSTEM
• Listing new cryptocurrencies
• Fund management
• Cryptocurrency custodial
• 24/7 banking services
• Credit ratings
• Payment processing, etc.
TOKEN DETAILS
The INGOT coin is a utility token based on the Ethereum ERC20 token standard used for various transactions on the platform. Other accepted currencies are ETH, BTC, XRP, USD and other top crytocurrencies. The presale started on the 1st of May and ended on the 30th of June while the main ICO will start on the 1st of July and end on the 11th of August 2018 with the total token supply is 120,000,000 IC. The soft cap is valued at $37,000,000 while the hard cap is valued at $90,000,000. All unsold tokens will be burned after the ICO.
TOKEN DISTRIBUTION
75%- public
7%- early backers
5%- bounty program
5%- team
4%- advisors
4%- founder
FUND ALLOCATION
23%- digital bank
22%- liquidity fund
18%- brokerage
11%- reserve
10%- exchange wallet
8%- legal, PR and consultation
5%- crypto certifier
3%- accelerator
ROADMAP
Q3 2017- discovering the existing financial industry threats
Q4 2017- analyzing the vast uses of blockchain technology
Q1 2018- business model and financial feasibility study
Q2 2018- publishing ingot’s whitepaper, bounty program released, ingot’s pre-sale ICO
Q3 2018- ingot’s first round ICO
Q4 2018- IC wallet goes live
Q2 2019- IC digital bank is open for business, completing the ecosystem components
Q3 2019- IC brokerage, IC exchange and IC liquidity, IC crypto certifier, ICO ICO accelerator
Q4 2019- Ingot’s second round ICO
Q1 2020- planning the INGOT digitalized commodity exchange
Q4 2020- launching the digital commodity exchange
TEAM
ADVISORS
For more information please visit the website and connect with other users on the social media platforms listed below:
Website: https://www.ingotcoin.io/
Whitepaper: https://www.ingotcoin.io/documents/en/white-paper.pdf
Ann thread: https://bitcointalk.org/index.php?topic=3581009
Telegram: https://t.me/INGOTCoin
Facebook: https://www.facebook.com/ICOINGOT/
Twitter: https://twitter.com/ICOINGOT
Published by: ogtejiri
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1790132
Ethereum wallet: 0x33E8810b5432ccD823b6c45975A55Fb9F6c931D6
