INGOT COIN: The First Fully Integrated Wallet With a Digital Bank

beaconofhope (16)in #ingot • 6 years ago

INGOT Coin is the first fully integrated blockchain-based Wallet with a Digital Bank, Brokerage, Exchange, Certifier, and Initial Coin Offering (ICO) Accelerator; all rolled into a holistic ecosystem which rewards token holders and cryptocurrency market participants for using it and contributing to it, in addition to granting them the opportunity to invest in a wide- ranging list of cryptocurrencies, fiat currencies, stocks, as well as other financial assets and instruments. INGOT coin is a decentralized cryptocurrency which provides benefits and discounts within the ecosystem itself. IC will be based on ERC20 technology.

INGOT introduced the concept of short selling the Middle East and North Africa (MENA) shares and Indices to provide all investors with opportunities otherwise unavailable in local exchanges, hence allowing exclusive diversified risk management techniques. This innovative idea of trading came after extensive hard work done by INGOT’s dedicated team, all of whom strive to find new solutions to help traders optimize their portfolios through offering different alternative investment methods. As a response to the increasing demand and opportunities in the MENA region, INGOT Group founded Sigma Investments in Amman, Jordan.

Ecosystem Overview
INGOT ic ecosystem.png

Creating an unprecedented, a first of-its-kind revolutionary ecosystem based on blockchain technology that will link newly developed crypto markets with the currently existing financial markets eliminating inefficiencies, while providing a one-stop ecosystem that enables participants to perform and execute transactions according to their financial needs.This will construct a new pathway between the crypto and the current traditional market participants,enabling them to diversify their portfolio in an efficient and secure manner.

Expansive Market Access

INGOT Coin will provide a platform that meets the needs of a beginner as well as advanced traders to trade with minimal initial capital. IC will also provide its own cryptocurrency, which will be available on different exchanges for all investors and market participants to purchase. IC will show no bias towards any market participant and will provide fair and equal opportunities to all participants regardless of the size of the trade, type of order or initial capital.

All “Four” One & One “Four” All

To ensure no means for market manipulation and leakage of unethical or illegal money in the Ecosystem, the KYC and AML policies must suffice and exceed the needs of all parties, whether its regulators, banks, brokers or exchanges.The KYC and AML compliance may seem strict to some investors; however,this is a necessary procedure to ensure the safety of the Ecosystem and all stakeholders. This is done to make the Ecosystem trustworthy, secure,transparent and compliant; consequently, filling the Ecosystem’s singular KYC allows participants to open one account in the IC Digital Bank, the IC Exchange,the IC Brokerage, and the IC wallet simultaneously to trade crypto, fiat, and traditional instruments hereon after.

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Advantages of IC Ecosystem

Crypto vs Crypto Trading
Crypto vs Fiat Trading
Crypto vs Traditional
Fiat vs Fiat Trading
Fiat vs Traditional
Custodial Services
Payment Processing
CryptoCurrency Custodial
24/7 Digital Banking Service
Highly Liquid Exchange
Listing New CryptoCurrencies
One-Stop-Shop for creating ICOs
Setting Educational Standards
Fund Management
Credit Ratings
Possible Traded Instruments Crypto VS Crypto

IC ecosystem is designed to provide unique first of its kind innovative solution as well as improved solutions to existing models, through the IC Wallet and exchange users can exchange, store and transfer a variety of cryptocurrencies users will also be able to participate in certified ICOs through the Ecosystem.The figure above resembles a typical crypto/crypto transaction in the IC ecosystem.

After registering for the IC Wallet and depositing crypto funds users are immediately able to send, receive and exchange cryptographic tokens. In this example, Ahmed wishes to exchange some Bitcoins for INGOT Coin; the user transfers the desired amount of Bitcoin from the IC Wallet to the IC Exchange custodial wallet and places a BTC/IC order and a smart contract is initiated,Sandra on the other hand wishes to exchange some INGOT Coin for Bitcoin and respectively transfers some INGOT Coin from the IC Wallet to the IC Exchange custodial wallet, once the funds are available in the IC Exchange custodial wallet the user can place an IC/BTC trade order. Once orders are matched the exchange is completed according to the smart contract and the funds are directly deposited into each user’s IC Wallet with no third-party intervention, meaning the funds do not pass through any third-party wallet before reaching their destination wallet

THE TOKEN
The Exchange will charge a favored rate on all exchanges made by our coin, contrasted with payments executed by other fiat monetary standards or cryptocurrencies.

Coin dividends will be distributed by INGOT once the organization is developed and gainful. This expands the engaging quality of the coin in the underlying stages and over the long run.

120,000,000 IC will be the maximum number of tokens that will be distributed. In the event that tokens were not all sold once all the ICO closes, every single unsold token will be burnt according to the smart contract.

In view of our broad financial model, we have set a hard top of $90,000,000.

TOKEN AND FUND ALLOCATION