INGOT COIN: An All-In-One Financial Solution.

8 min readJul 18, 2018

The INGOT coin is an ERC20 based decentralized cryptocurrency which sole utility is to provide benefits and discounts within the ecosystem INGOT Ecosystem. As the only trade-able and acceptable coin on this perceptive and decentralized ecosystem, the INGOT coin possesses some added advantages as in when compared to other conventional cryptocurrencies available in the entire blockchain ecosystem. Below are some of the notable advantages associated with the INGOT Platform as well as it’s coin’s utility and description.

THE UNIVERSAL ADVANTAGES

The INGOT platform is proposed to be a trailblazer in the aspect of fully integrating an all-inclusive ecosystem that would be the pioneer disrupting the bridge that hinders the crypto universe from benefiting entirely from the current traditional financial system by providing such services into it’s ecosystem such as;

Crypto vs Crypto Trading

The INGOT COIN (IC) exchange allows for basic inter-cryptocurrency transaction which is an intrinsic property of every decentralized exchange. Designed to proffer innovative and improved solutions to new and existing systems the ecosystem also allows Subscribers to participate in ICOs that are certified by the platform.

Crypto vs Fiat Trading

The IC Ecosystem proposes to provide Subscribers to it’s platform with an environment that allows for direct crypto/fiat trading pairs on a much faster and cheaper rate as in when compared to the other available exchanges with such features such as coinbase.com, exchange.gemini.com, coinmama.com, kraken.com kucoin.com among many others, since the INGOT COIN (IC) project incorporates a Bank and an exchange into a single platform. Thus these transactions are all processed with a single entity hence the increased speed and cheaper conversion rates.

Crypto vs Traditional Stock

Unlike any other cryptocurrency exchange the platform allows for cryptocurrency to traditional stocks, asset and commodities trading pairs by the integration of a traditional brokerage into a cryptocurrency exchange. By such the IC ecosystem proffers an ingenious solution that would interconnect the cryptocurrency market to the traditional stocks market sphere such as ICE, CME, NYSE, NASDAQ, EURONEX, LSE & many more.

Traditional vs Fiat Trading

Since there is a brokerage system embedded into the platform’s ecosystem core, thus the purchase pf stocks with the use of conventional fiat currency is also allowed. This can be done by matching the best bid and ask prices of each participants’ order on the INGOT COIN (IC) brokerage sub-platform. This matching is done on the basis of a price-time priority matching, therefore
providing no bias towards any participants.

Fiat vs Fiat Trading

The platform would also allow for a conventional fiat to fiat trading pairs where a participant can trade a particular fiat currency for another with the help of the INGOT COIN (IC) Digital bank. Subscribers who intend to flip a particular currency for another can easily do that as the platform’s Digital bank accepts such orders and creates an interconnecting matching system based on an optimal bid and ask price rates to meet the needs of such orders.

The IC ecosystem also includes other services into it’s core such as Custodial Services; Payment Processing CryptoCurrency Custodial, a round the clock Digital Banking Service with a Highly Liquid Exchange,New CryptoCurrencies Listings, One-Stop-Shop for creating ICOs, Setting Educational Standards, Fund Management as well as Credit Ratings.

The INGOT LEGACY GROUP

Below is a list of companies under the INGOT Group of Companies.

Token Summary

The INGOT Coin is the platform’s basic token thus every transaction initiated on the ecosystem would be carried out on the bases of this token but at a fair price as in when compared to other cryptocurrency exchange. The total number of INGOT coin available for circulation is 120,000,000,000 INGOT COIN (IC). And as specified in the smart contract left over tokens after the crowdsale would be burned, as this is done so as to further increase the value of the IC token. After the ICO every INGOT coin holder would be entitled to a dividend which would be disbursed once the project is fully operational.

TOKEN UTILITY

The IC token is designed in such a mannerism such that it incorporates a hybrid functionality which translates into a single token yet having dual functions such as for utility and security purposes.

Utility Benefits

The primary purpose of every cryptocurrency token is for it’s utility on the platform and as such the INGOT COIN (IC) token is no exception as the token could be utilized for various purposes on the platform such as;

Method of payment within the Ecosystem:
As a the only method of payment on the platform every IC holder is entitled to a specific discount rate ranging from 5–50% discount when initiating or engaging with any of the various services on the platform such as the IC Exchange, IC Brokerage, IC Crypto Certifier, IC Accelerator e.t.c.

Method of payment to external entities:
The IC token can also be traded on external exchanges just like any other cryptocurrency as an increased mainstream adoption of the token externally tends to further bolster the value of the token over time.

Security Benefits

Since one of the major objectives of the INGOT GROUP is placing every INGOT COIN (IC) holder as top priority,as the price of the INGOT COIN (IC) grows so also would the dividends entitlement of the every IC token holder. This dividend disbursement scheme along with Capital gains are designed to be functional once the platform is wholly operational such that it is reflects on the price of the IC as it grows over time. This idealism is conversant with the current trend in the cryptocurrency industry as it is believed that projects which pays it’s token holders dividends stands to enjoy an increased token value as a result of an increased in attractiveness of the security as the returns on the price of the security increases. And as the total supply is pegged at 120 billion ICs, along with a fixed and limited supply and an increasing demand there would be an increased Capital Gains for token holders.

ROADMAP

INGOT COIN (IC) CRYPTO CERTIFIER AND ICO ACCELERATOR

The INGOT COIN (IC) ecosystem is designed so as it incorporates all of the necessary functionality and tools needed by a an all-round trader such that it becomes a one-stop trading platform that meets the needs of a wide range of investment and trading activities ranging from cryptocurrency to cryptocurrency, fiat to cryptocurrency, fiat to fiat, cryptocurrency to traditional stock, as well as fiat to traditional stock exchange trading pairs. And as such the platform includes into it’s core features some basic tools and functionalities that would further bolster these various trading pairs initiated with both the traditional fiat and cryptocurrency as well as stocks and assets. These out of the box functionality such as the Crypto Certifier and ICO Accelerator along with other numerous features evident on the platform gives rise to an exceptional and outstanding ecosystem, one that fuses together the centralized and decentralized financial community like none other.

The Crypto Certifier

This is a kind of professional accreditation scheme that is being run on the platform where Participants are being empowered and enlightened on an advanced level on finance, history and cryptocurrency market at large. Through seminars, webinars, expert blogs and free courses, these Participants are impacted with these knowledge for a stipulated time frame after which cryptocurrency industry standard certifications are issued to them. Below is a list of such certifications that could be issued on the platform.

Certified Blockchain Professional (CBP)

This is a type of certification issued to Participants that opens them to an access stream where they can better understand the privacy and security as well as double spending among other blockchain related topics enabling them fully operate blockchain networks.

Certified Blockchain Developer (CBD)

Participants who are issued this certification are expected to possess an in-depth idea and technical know-how of the blockchain networks as in when compared to a Certified Blockchain Professional (CBP). Participants with such certification acquires a much broader perception into cryptocurrency networks and the integration techniques between and among the numerous cryptocurrency networks available.

Risk Management and Econometric Analysis (RMEA)

This certificate provides an extensive knowledge of risk management and modeling techniques so as to ensure that optimal procedures are applied by the use of operational and financial risk management techniques in order to analyze firms and risks as well as establishing a safe market trading system.

Behavioral Finance Analysis (BFA)

The BFA certificate is issued to Participants who have scaled beyond emotional and cognitive prejudices and are more advanced with the use of charts, metrics and other analytical tools to proffer the best trading analysis as they possess an exceptional understanding of financial trading behaviors. As different types of biases would be introduced along with subsequent alteration depending on the austerity and type of bias introduced.

Regulatory Guidelines Course

The platform’s Crypto Certifier is designed so as to equip Participants with industry relevant knowledge such as Anti Money Laundering (AML), Know Your Customer (KYC), Financial Market Authority (FINMA) protocols and regulations.

The ICO Accelerator

This is a specialized sub-platform on the INGOT COIN (IC) ecosystem that is being designed so as to serve as a facilitation mechanism that would succor prospective blockchain startups issue their ICOs. The IC Accelerator offers professional services via a collaborative effort towards ICO advisors, law and specialized marketing firms to proffer a fully operational platform for the the creation of ICOs for these startups.