INGOT COIN - Decentralized Financial Ecosystem by toluene

View this thread on steempeak.com
· @toluene · (edited)
$0.08
INGOT COIN - Decentralized Financial Ecosystem
<html>
<p>In this article I will be analyzing an innovative &nbsp;Blockchain project that is created to solve the challenges of the present financial and trading market and also bridge the gap between the financial industry and the cryptocurrency market. This project is known as the INGOT COIN</p>
<p>&nbsp;<a href="https://www.ingotcoin.io/">INGOT COIN</a> is a decentralized platform built on the Blockchain with the aim of revolutionizing the financial and cryptocurrency market by creating a ecosystem where investors can have access to both markets without any constraint. &nbsp;INGOT also offer investors and participants the liberty to flip their investments from one market to another with any challenges or difficulty.</p>
<p>https://cdn.steemitimages.com/DQmRwdsrFqydkDxsddQviWbqgNaWFUHW4ZLDFCM1usKxrbF/ingot%20coin%20pix.png</p>
<h2>The Financial market</h2>
<p>The financial market can be considered as a market where buyers and sellers unite to trade different forms of assets (like bonds, equities, shares, currencies, etc). The financial industry is a very large industry, it is arguably the largest industry in the world. It is considered to be extremely valuable with total value grossing trillions of us dollars in daily transactions. Despite the worth of this industry, there are still some challenges in the industry which needs to be addressed. Some of the challenges are discussed below&nbsp;</p>
<h2>Problems&nbsp;</h2>
<p><strong>Absence of a direct link between the crypto and financial market:</strong> The Crypto and financial market are both highly valuable markets with large market caps. The challenge is that markets are highly segregated, as investors in both Markets find it difficult to transfer funds or flip assets from one market to another. This is because there is no direct link between both markets, which means investors will have to convert their assets to fiat before they can transfer it to another market, which can be stressful and costly to achieve.&nbsp;</p>
<p><strong>High fees in financial markets:</strong> It is an evident fact that the existence of middlemen in any process not only slow the process but also increase the cost of the process. The financial market is currently plagued with different form of fees charged by different middlemen (banks, brokers, agents etc), which in turn have an adverse effect on the fees deducted from investors and traders. This whole process is too time consuming and costly for most investors.&nbsp;</p>
<p><strong>Lack of trust and knowledge in the cryptocurrency market:</strong> The cryptocurrency market is still in its infancy stage and most participants or investors do not really understand how the whole system works and the possible opportunities in the market, therefore they find it difficult to identify good investments from the not too good ones. Lack of trust in the cryptocurrency market is also a problem that needs to be addressed.&nbsp;</p>
<p><strong>Ineffective structure of the current financial market:</strong> This is another issue pressing in the current financial market because unlike the crypto market, the financial market is still very much centralized which makes the processing of data and transactions hectic and time consuming. This whole process can be very discouraging for investors and traders in the market who wants to take advantage of a particular lead in the market trend.&nbsp;</p>
<p>The information about the above mentioned problem is available in the <a href="https://www.ingotcoin.io/documents/en/white-paper.pdf">INGOT whitepaper</a>, you can consult it to learn more.</p>
<p>The Blockchain technology since its emergence has been known for its revolutionary change in a lot of industries, with the use of smart contracts there has been successful elimination of centralized middlemen in most industries thereby creating room for effective and efficient execution of contracts and transactions at a drastically low rate. The financial market is not left out of this revolution and it's about to be taken by storm through the <a href="https://www.ingotcoin.io/">INGOT COIN</a></p>
<h2><a href="https://www.ingotcoin.io/">INGOT COIN</a>; the complete financial ecosystem&nbsp;</h2>
<p><a href="https://www.ingotcoin.io/">INGOT COIN</a> is a decentralized platform created with the aim of linking the cryptocurrency market with the financial market and thereby provide innovative solutions to the current challenges of the financial market. INGOT COIN is the long-awaited solution to the challenges of both markets. With the INGOT COIN ecosystem, investors across different markets do not need to worry about trust, high trading fees and diversifying their funds in different markets.</p>
<p>INGOT COIN ecosystem is designed with six (6) major components that will by utilized simultaneously in the ecosystem in order to revolutionize and connect both the cryptocurrency and financial market.&nbsp;</p>
<h2>Major components of <a href="https://www.ingotcoin.io/">INGOT COIN</a> ecosystem&nbsp;</h2>
<ul>
  <li>IC Exchange&nbsp;</li>
  <li>IC Wallet&nbsp;</li>
  <li>IC Brokerage</li>
  <li>IC Digital Bank</li>
  <li>IC Certifier</li>
  <li>IC ICO Accelerator</li>
</ul>
<p>&nbsp;These components are created to solve the challenges that currently plague both markets and also to provide innovations to the market so that investors and traders can have a remarkable market experience. These components are well explained in the <a href="https://www.ingotcoin.io/documents/en/white-paper.pdf">INGOT COIN WHITEPAPER</a>.&nbsp;</p>
<h2>Use Case Scenario&nbsp;</h2>
<p>Mr Ben is an high class investor who invest in different forms of assets in the financial market. Mr Ben have always wanted to invest in the cryptocurrency market for a long time but just waiting for the right moment. Due to the present bear market in the cryptocurrency market, Mr Ben identify this as the best time to invest in different altcoins. Mr Ben wants to divert some of his investment in the financial market to invest in the altcoins he wants in the cryptocurrency market.&nbsp;</p>
<p><strong>The present system:</strong> with the present system of things, before Mr Ben can divert his fund from the financial market to the cryptocurrency market, he will have to first convert his assets to fiat and then change the fiat to other crypto coins (either bitcoin or ethereum) and then trade them for the altcoins he wants. This system can be very stressful and costly for Mr Ben&nbsp;</p>
<p><a href="https://www.ingotcoin.io/"><strong>INGOT COIN System</strong></a><strong>:</strong> By adopting INGOT COIN system, &nbsp;Mr Ben will be able to successfully convert or divert his funds from the financial market straight to the cryptocurrency market, thereby eliminating the excess charges incurred using the old system and also reduce the stress and time spent.</p>
<p>INGOT COIN has several amazing features which can all be found in the <a href="https://www.ingotcoin.io/documents/en/white-paper.pdf">whitepaper&nbsp;</a></p>
<h2>Official Contacts&nbsp;</h2>
<p>Website: https://www.ingotcoin.io/</p>
<p>Telegram group: https://t.me/INGOTCoin</p>
<p>Whitepaper: https://www.ingotcoin.io/documents/en/white-paper.pdf</p>
<p>ANN Thread: https://bitcointalk.org/index.php?topic=3581009</p>
<p>Facebook: https://www.facebook.com/ICOINGOT/</p>
<p>Twitter: https://twitter.com/ICOINGOT</p>
<p>My Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1633818&nbsp;</p>
</html>
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 102 others
properties (23)
post_id63,958,185
authortoluene
permlinkingot-coin-decentralized-financial-ecosystem
categorycryptocurrency
json_metadata{"format":"html","app":"steemit\/0.1","image":["https:\/\/cdn.steemitimages.com\/DQmRwdsrFqydkDxsddQviWbqgNaWFUHW4ZLDFCM1usKxrbF\/ingot%20coin%20pix.png"],"tags":["cryptocurrency","ico","ethereum","exchange","blockchain"],"links":["https:\/\/www.ingotcoin.io\/","https:\/\/www.ingotcoin.io\/documents\/en\/white-paper.pdf","https:\/\/t.me\/INGOTCoin","https:\/\/bitcointalk.org\/index.php?topic=3581009","https:\/\/www.facebook.com\/ICOINGOT\/","https:\/\/twitter.com\/ICOINGOT","https:\/\/bitcointalk.org\/index.php?action=profile;u=1633818"]}
created2018-10-09 21:41:30
last_update2018-10-10 08:18:48
depth0
children0
net_rshares71,519,606,294
last_payout2018-10-16 21:41:30
cashout_time1969-12-31 23:59:59
total_payout_value0.075 SBD
curator_payout_value0.004 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length7,506
author_reputation291,369,738,669
root_title"INGOT COIN - Decentralized Financial Ecosystem"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (166)