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Ingot: Revolutionizing The Financial Industry

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About this sample

About this sample

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Words: 683 |

Pages: 2|

4 min read

Published: Mar 28, 2019

Words: 683|Pages: 2|4 min read

Published: Mar 28, 2019

Table of contents

  1. Introduction
  2. Fact and distinctiveness of ingot coin
  3. Diagram
  4. Conclusion

Introduction

After bitcoin advancement, numerous supporters from various businesses and organizations around the globe grasped blockchain innovation thereby consequently influenced enterprises to start creating investable new digital asset which numerous are yet to be made, these digital asset gave space for various advantage and prompted numerous developments. Speculators started to grasp blockchain. Different companies seeking financing to maintain and grow their businesses will often look first to traditional lending to sustain their business.

The influx of people into the market has made an astronomical rise of cryptocurrencies like Bitcoin and Ethereum, hence made cryptocurrency market popular. However, despite all the benefits of cryptocurrencies, there are a number of major problems that plague the market. Structural and functional issue that affect the market are major problems that comes from a variety of reasons such as lack of understanding the cryptocurrency space, high fees in financial market, the activities of cyber criminals, market volatility, technical limitation and transaction risk.

But without much tarry, to address the menaces INGOT GROUPS; a reputable pioneer in the financial industry has come to revolutionize the system by providing innovative techniques and solutions to link global markets with its participants.

Fact and distinctiveness of ingot coin

The INGOT COIN being built on the blockchain technology aims to merge traditional financial industry by offering an ecosystem that provides crypto holders the access to all financial services.

The INGOT COIN Digital Bank will be providing 24/7 automated payment process. It will also help in the day-to-day online services such as e-payment, current and savings account. The Digital bank will also serve as a fund management for all stakeholders interested.

The IC exchange being a single platform offering two sectors will also enable trading the current financial instrument.

The IC wallet will create a secure environment for stakeholders through the protection of multi sig and cold storage system. The wallet will also serve as a curator for all crypto holders within the ecosystem.

IC Crypto Certifier will empower market participants, through delivering industry-leading certifications in crypto markets. Webinars, seminars and expert blogs will have a swift and direct impact on raising awareness and knowledge.

Being the curator, the IC ecosystem will be linking the crypto world to the existing traditional world. The IC ICO ecosystem includes: IC Digital Bank, IC Wallet, IC Exchange, IC ICO Accelerator.

The INGOT COIN ecosystem is based on blockchain technology that will create efficiency and link newly developed crypto market with current existing financial market while providing a secure ecosystem that will enable users to perform and execute trades successfully according to their financial needs.

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Diagram

  1. IC WALLET: The IC Wallet being a blockchain based crypto wallet will be used by participant to send, receive and store cryptocurrencies available in the market. The wallet will also contain multi signature and cold storage system to o create a secure and conducive atmosphere.
  2. IC EXCHANGE: IC Exchange will safely be incorporated with the IC Wallet, IC Brokerage and IC Digital Bank through an easy to understand stage. The exchange will list major coins and recently issued ICOs to give an entire expanded coin range for showcase members. The coins will be listed against different cryptos, fiat currencies and traditional financial instruments such as ETFs, and commodities.
  3. IC BROKERAGE: IC Brokerage will make a center of liquidity, proficient market estimating and access to every single monetary item, extending from fiat monetary forms to international equities and from commodities (Agriculture, metals and energies) to ETFs. Through the Brokerage, clients will have the capacity to effectively support and extend their speculations portfolios. The Brokerage will permit moment exchanging on crypto/stock or crypto/ware like (BTC/APPL, BTC/GOLD, etc.)
  4. IC DIGITAL BANK: The IC Digital Bank will be providing 24/7 automated payment process. It will also help in the day-to-day online services such as e-payment, current and savings account. The Digital bank will also serve as a fund management for all stakeholders interested.

Conclusion

Conclusively, INGOT has come to revolutionize the system by providing innovative techniques and solutions to link global markets with its participants. The platform has also come to provide crypto holders the access to all financial services. This will help to increase the growth of crypto at large.

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Cite this Essay

INGOT: REVOLUTIONIZING THE FINANCIAL INDUSTRY. (2019, March 27). GradesFixer. Retrieved November 19, 2024, from https://gradesfixer.com/free-essay-examples/ingot-revolutionizing-the-financial-industry/
“INGOT: REVOLUTIONIZING THE FINANCIAL INDUSTRY.” GradesFixer, 27 Mar. 2019, gradesfixer.com/free-essay-examples/ingot-revolutionizing-the-financial-industry/
INGOT: REVOLUTIONIZING THE FINANCIAL INDUSTRY. [online]. Available at: <https://gradesfixer.com/free-essay-examples/ingot-revolutionizing-the-financial-industry/> [Accessed 19 Nov. 2024].
INGOT: REVOLUTIONIZING THE FINANCIAL INDUSTRY [Internet]. GradesFixer. 2019 Mar 27 [cited 2024 Nov 19]. Available from: https://gradesfixer.com/free-essay-examples/ingot-revolutionizing-the-financial-industry/
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