INGOT Coin Bridges Crypto and Traditional Finance with Blockchain Ecosystem, Unleashing a New Era
Originally published on: CCN
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June 18, 2018
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INGOT Coin (IC), a utility and security token, will change how the financial and trading industries are viewed by establishing new ways to link the cryptocurrency market with the traditional financial industry.
Participants in the traditional financial markets have been constrained from crossing over to the crypto asset market on account of high transaction costs and the amount of time required for transactions, and vice versa. Neither the traditional financial market nor the crypto market has been able to provide a direct connection between the two.
IC has addressed this challenge by creating an ecosystem of ICOs, exchanges, funds marketing agencies, visionaries and advisers. The IC ecosystem will use smart contracts to execute a variety of contracts and remove the need for intermediaries and outside factors that restrict investors. The technology will allow for efficient market pricing and access to funds, improving customers’ confidence and market liquidity.
An Established Track Record
IC already offers a variety of services, including ETFs, global shares, indices, commodities and currencies. The company developed short selling Middle East and North Africa (MENA) shares and indices to give investors opportunities not available on local exchanges, providing diversified risk management techniques.
Moving forward, IC will use blockchain technology to provide all stakeholders and participants in the financial industry the opportunity to diversify their funds at any given time with minimal constraints.
New Partnerships Established
IC recently formed a venture partnership with GMEX Group (GMEX), a provider of exchange and post-trade solutions, to establish a more promising future incorporating blockchain. GMEX brings expertise in technology, connectivity and operational excellence. IC and GMEX believe that bringing together ICOs from different industries and combining the various utility functions will create a new utility.
GMEX will help IC create a user-friendly platform to provide access to the partnered ICOs and to their tokens and utilities. All users of the platforms will receive discounts when using a utility of any ICO on the platform.
IC has already partnered multiple ICOs that share its vision. ICOs joining the initiative include Modern Finance Chain, which will provide retail processing integration for IC; Zichain; Swachhcoin; and Bineuro.
IC has also engaged with Trade.io, a financial institution based on blockchain technology, to offer consultancy services to bring IC’s vision to fruition.
Other partners include: Stella; Minds Stirring; Cointraffic; Alwadeha; dreamtechs digital solutions; Egycomex; Sigma Investments Group; Global Alliance Partners; MT Theo Legal; Code Pirates; Hakernoon; Social The Gang; DE Asset Management; Xchain; Coinwall; and CTB Cointobe.
Groundbreaking Air Drop Campaign
Trade.io recently announced a ground-breaking air drop campaign to enrich the portfolios of existing trade token (TIO) holders with a large variety of altcoins via its web page.
TIO holders will receive tokens via air drops from ICOs vetted by trade.io for AML processes, technical viability and longevity.
Tade.io air drops will target as many as 2 million tokens per verified ICO, focusing on TIO holders. ICOs scheduled to distribute their altcoins to the trade.io network include: TV-TWO, ICO Watchdog, INGOT Coin, DarcMatter and ZeroEdge. Another 50 ICOs are currently in discussion to join the trade.io ICO consulting pipeline. As many as 100 million coins could be available for air drop to TIO holders in the coming months.
An Innovative Ecosystem
IC will create a direct link between the traditional financial markets and the crypto market by integrating six core ecosystem components and providing a one-stop-shop for the digital asset, traditional asset and currency markets. The ecosystem’s components are the IC Wallet, IC Exchange, IC Brokerage, IC Digital Bank, IC Certifier and IC ICO Accelerator.
The IC Wallet will serve as a custodian for all cryptocurrencies in the ecosystem, allowing participants to send, receive and store cryptocurrencies. The wallets will have multi signature and cold storage systems to provide a secure environment and allow for the transfer of tokens to and from the exchange and other wallets. The wallet will integrate with the IC Digital Bank, allowing users to pay with fiat and settle with crypto, and vice versa.
IC Exchange will list major coins and newly issued ICOs to provide a diversified coin spectrum for market participants. The coins will be listed against other cryptos, fiat currencies and traditional financial instruments like ETFs and commodities. The exchange will approve software trading solutions from other platform providers and exchanges.
IC Brokerage will provide liquidity, efficient market pricing and access to financial products ranging from fiat currencies to international equities, commodities and ETFs. The brokerage’s integration with the exchange and the wallet further provides the investors with hundreds of options to trade in times of market uncertainty. Users will be able to hedge and expand their investment portfolios and allow instant trading of crypto/stock or crypto/commodity like BTC/APPL and BTC/GOLD.
IC Digital Bank will provide 24/7 automated payment processing with web-based custodial services. The bank will also facilitate the IC Brokerage and IC Exchange duties, along with day-to-day online services such as e-payments. Clients will be able to open accounts ranging from current and savings, to brokerage accounts. The bank will also provide fund management, settlement and remittance services at low fees.
IC Crypto Certifier will educate all interested parties on blockchain technology, through its up-to-date diversified educational services, such as certified courses on IT, compliance, cryptography, regulatory and financial consulting.
IC ICO Accelerator will provide funding for new ideas and services such as marketing strategies, PR services, whitepaper content creation, to legal services and blockchain technology development. IC ICO Accelerator will guide ICOs to list their tokens on the IC exchange.
An Easy-To-Use Platform
The IC ecosystem will make all trades available on a decentralized ledger available to all potential stakeholders. The ecosystem will link exchanges under one platform through APIs in association with the world’s largest cryptocurrency exchanges. The platform will be operated by IC’s own cryptocurrency, INGOT Coin, registered and licensed under Estonian law.
Members will use an online interface to trade, either through a web-based application or a desktop application software, provided by the IC Exchange.