INGOT COIN - Bridging Markets

Website IC : https://www.ingotcoin.io/

The Blockchain Revolution

The IC Ecosystem will be based on the blockchain technology and will utilize Smart Contracts to facilitate the execution of different contracts, while eradicating the need for intermediaries and external interferences that restrict investors from fully engaging in all markets. By adopting blockchain, we are creating a specialized ecosystem that will substantially increase customers’ confidence, market liquidity and -most importantly- provide efficient market pricing and access to funds for all variety of stakeholders. The IC Ecosystem will transform trades, settlements and payments and make them instant, bringing together different necessary components and cutting out third party intermediaries who usually delay the process and increase associated costs.

Moreover, blockchain will wipe out the need for clearing houses as all data ledgering will be decentralized and transparent to all market participant, opposite to the current centralized market. The blockchain will increase security for investors by using smart contracts. These contracts will be used on the various tradable instruments in the Ecosystem to ensure faster transactions with lower costs.

The use of smart contracts has led most industries to think of ways to improve their services. While some industries are currently adopting the technology, others are trailing behind by not following suit. By utilizing smart contracts, different industries are working towards minimizing cost and time and maximizing global reach and transparency. In the financial industry, smart contacts embedded in the ecosystem lead to the development in verification, transaction and exchange, resulting in a more secure, transparent and efficient market for participants.

Current Challenges in Financial & Crypto Markets

Present-day financial services mainly consist of financing, investment management & advisory, trading and insurance. When it comes to trading and financing, the current financial system lacks in efficiency and transparency. The market entry complications that are facing investors and the service fees that they are charged are quite substantial, which is why some of these investors get discouraged from actively participating in the current market. Additionally, smaller investors get overlooked in favor of bigger and wealthier investors and thus, combined with the lack of trust in the markets that increased after the 2008 crisis, the global financial market is prevented from reaching optimal efficiency.

Lack of connection between Crypto and Traditional Markets

The crypto and the traditional financial markets are quite segregated for a participant attempting to cross over or move their capital from one market to the other. The segregation is a result of large transaction costs, time and money. These costs sometimes lead to the eradication of profits, and in some cases lead to losses, which restricts investors from participating in the market. Furthermore, Market participants are always searching for ways to diversify their funds, along with rebalancing them to reach an ideal allocation of assets that fits their risk appetite. Given the lack of connection between crypto and the traditional markets, participants are either unable to move funds between different markets in a reasonable timespan or are restricted by the costs associated to do so.

The current crossover mechanism is also inefficient in terms of availability and transparency as it is only available 5 days a week and execution can take from hours to days depending on different factors, such as liquidity, day of execution, time of execution throughout the day, type of order and size of trade.

Current Market Ineffective Structure

Time is of extremely high value for people who engage in trading or seek financing. Unfortunately, due to having a highly centralized data processing structure in the financial world, a great deal of time will be lost, leading to loss in lead and edge. Additionally, local compliance standards such as KYC and AML are in some cases irrelevant or outdated when trying to comply with international compliance standards. Thus, causing significant complications for foreign investors who are looking for exposure to the local markets.

High Fees in Financial Markets

A large number of intermediaries such as primary banks, brokerage firms and intermediary banks are usually involved in trading and financing activities, which means that high fees are being deducted from investors on multiple stages. Excessive bank and brokerage fees can be unattractive and debilitating for investors looking to access different markets.

Impractical Crypto Exit Strategies

Transferring funds in bull markets is quite hard, never mind in bear markets. We have seen the drop in crypto prices in late 2017 and how it impacted a lot of crypto participants as they were either unable to liquidate their tokens into other financial instruments or were forced to pay large fees to do so. Until recently, the worry of an inefficient exit strategy in the Crypto market was disregarded, especially when prices were soaring. As more investors, institutions, and funds started participating, it has become apparent that neither the traditional financial system nor the crypto market can establish a direct connection between the two. Many enterprises across various industries now accept and store cryptocurrency as a method of payment in order to keep up with competition and increasing demand, but unfortunately most are unable to moderate their exposure and risk.

Lack of trust in Crypto Markets

The difficulty of transferring current holdings to the crypto markets in terms of diversification, liquidity, bias to price discrimination and lack of consistently available market services, has deemed the exponentially growing market unreliable to prospective participants and in turn limiting them from entering. Moreover, the lack of knowledge in the market about blockchain, smart contracts and the variety of possible useful implications, have caused the participants to turn down profitable investment opportunities.

Information ICO - Website IC : https://www.ingotcoin.io/

Token IC

Price 1 IC = 1 USD

Bounty Available

Platform Ethereum

Accepting USD, ETH, BTC, XRP

Soft cap 37,000,000 USD

Hard cap 90,000,000 USD

Country Estonia