INGOT COIN REVIEW: LINKING THE TRADITIONAL AND CRYPTO FINANCIAL MARKET

elvisdika1 (34)in #blockchain • 6 years ago (edited)

INTRODUCTION:
The invention of the blockchain technology has affected almost all areas of human life. It has affected various sectors and made things more transparent, live easier and more comfortable.
Over the years, the financial market in all its form has benefitted just a set of people. This is why some basic challenges need to be addressed. These are discussed below:
i. Huge Transaction Fee: Brokers and banks are used to inflicting high fees on investors. Yet these brokers are inevitable as they are the intermediaries
ii. The absence of Connection Between Traditional and Crypto market. This hinders investors from transferring their funds from a medium to the other. This is due to the fact that it lacks transparency and not efficient.
iii. Inefficiency of the Market: At the moment, the financial sector is based on a centralized processing system. This is very inefficient and also causes loss.
iv. Inability to Trust the Crypto market: This is due to the fact that many people do not understand and trust the of the blockchain system.

The solution of the Ingot Coin Platform
INGOT coin will create a viable solution by bringing about a 6 basic ecosystem. It will also make available currency market and traditional assets to clear away the above issues. As a result, there will be a direct link between the traditional market and the crypto world.
There will be six different components on the INGOT Coin platform that will collaborate to enable members to make use of any opportunities in the market.
The six various components of the INGOT Coin ecosystem are the IC Digital Bank, IC Exchange, and IC ICO Accelerator, IC Brokerage, IC Certifier and IC Wallet.

The INGOT Coin Token: Uses
The platform will use a hybrid token which will serve as a security and a utility token.
• Security Benefits of the ingot Tokens
As the ecosystem grows, token holders will benefit. The profit will be reflected in the Dividends and capital gains of the platform. One of the major goals of the platform is to make token holders benefit top on the priority list.
Thus, companies that give out increasing dividends will also enjoy an increase in stock prices. This is because the security will be made attractive as the profit price security increases.
• Utility Benefit of the Ingot Coins
Herein lies the main benefit of the Ingot token. The token will be applicable in some ways like:
i. Means of payment on the platform: The coin will have value, and will also serve as a means of transactions on the platform. Any token holder faithful to the system will receive discounts ranging from 5% upward.
ii. Means of Payment to the external World: The InGOT coin will act like any cryptocurrency. It will be a means of exchange with the value shown on exchanges.
The symbol of the INGOT token is IC and the type is Ethereum. One IC will be equivalent to $1. Currency accepted are BTC, USD, and ETH.