INGOT COIN | Review Part 1
INGOT
COIN - Project Review
Ingot coin is a fully
decentralized ecosystem that has been created with the aim of connecting the
traditional financial markets to the cryptocurrency markets and in the process
providing solutions to the problems that has plagued the financial markets over
the years.
The
Blockchain
The blockchain technology
created back in 2008 has been the infrastructure at the core of the
decentralized era. The blockchain really is a public ledger of stored
information/data that cannot be altered and is managed by a peer to peer
network. Created along with the first cryptocurrency, which is bitcoin, the
blockchain has led a series of decentralized innovations to a lot of industries
in the world. Gone are the days when people have to go through long processes,
verification and lengthy waiting times before money can be transferred across
borders, blockchain has made this possible.
The development and
implementation of smart contracts have revolutionized a lot of industries as
decentralized platforms can now be created with blockchain solutions aimed at
solving their problems in a more economical, efficient, and rewarding manner.
The
Financial And Traditional Market And Their Shortcomings
The world's financial and
traditional market, as large as they may are, has a lot of shortcomings
preventing them from reaching its optimal potential. These are problems faced
by either of, or both the established and new investors. According to the Ingot
Coin Whitepaper, some of these problems are:
ü Overly
high fees in the financial markets
ü Market
entry barriers
ü Lack
of trust in the market
ü Large
investors are preferred to the smaller investors
Similarly, for all the
innovative technology of the blockchain, the cryptocurrency market is not
without its inefficiencies and shortcomings. However, according to the Ingot
Coin Whitepaper, those of which include;
ü Lack
of trust in the crypto market
ü Lack
of connection between the crypto market and the traditional markets, and
ü Impractical
Crypto Exit Strategies
Ingot Coin, powered by
the blockchain has been created to provide solutions to these problems.
The
Innovative INGOT COIN Solution
The fully decentralized
Ingot Coin ecosystem will consist of 6 major components, which will, in turn,
create a single platform with the solutions to the above-stated problems of
both the traditional financial and cryptocurrency markets. The Ingot Coin
ecosystem through the blockchain will provide the much-needed bridge between
these markets.
Components
of the Ingot Coin Ecosystem
1.
IC Wallet
2.
IC Digital Bank
3.
IC Brokerage
4.
IC Exchange
5.
IC Certifier
6.
IC ICO Accelerator
The Ingot Coin Ecosystem
will enable financial, crypto or multiple investors to through its platform
access a wide range of opportunities that is previously unavailable to them at
a massive scale.
For example; the
Ingot Coin Exchange is a huge revolution in itself, the type of exchanges we
have been used to are either, fiat to fiat, Traditional to fiat, crypto to fiat
and crypto to crypto. There has never before been a platform to combine this
all in a single exchange. Ingot Coin has achieved that and in turn, given
investors unlimited financial opportunities.
Conclusion
The Ingot Coin ecosystem
is a true revolution inspired through the blockchain and has the potential to
revolutionize all the markets in question. This is, however, an introduction of
the project, and in my next article, I will be shedding more light on the
components and the features put in place to make the platform a success, so
stay tuned.
This article is not
written to serve as an investment advice, so always do your own research. Below
are the official links to the project website, whitepaper and official social
media communities.
More
:
Bitcointalk Profil : https://bitcointalk.org/index.php?action=profile;u=2253940;sa=summary
Comments
Post a Comment