INTRODUCTION
Over the years, the number of investors in the global financial market has increased tremendously as result of expansion of the market which consists of a variety of financial services such financing, investment management and advisory, trading and insurance.
However the current financial market is lacking efficiency and transparency when it comes to trading and financing as the market entry complications which pose a threat to investors and the service fees that are charged are quite exorbitant which eventually discourage investors from participating in the current financial market actively and sometimes smaller investors are often overlooked in favor of the bigger and wealthier investors which does not promote fairness in the current market system. These coupled with the lack of trust in the global financial system that has increased ever since the global economic crisis in 2008 has hindered the current market from reaching the optimal efficiency.
Additionally, the crpto markets have not been incorporated into the current traditional market to provide a large global market that consists of all assets and commodities to give investors more opportunities to trade and fully utilize their digital assets for either fiat currencies, commodities or other major cryptocurrencies. The financial institutions such as banks, brokerage firms, stock exchange and other stakeholders in the financial market do not provide a platform for digital assets to be incorporated into the current traditional market despite the fact that the percentage of the world population including companies, organizations, cooporation and individuals that embrace and use cryptocurrencies increases at an exponential rate on a daily basis.
The Traditional financial markets and the crypto markets are however face with a number of challenges which are discussed below.
CURRENT CHALLENGES IN FINANCIAL AND CRYPTO MARKETS
Lack Of Connection Between Crypto And Traditional Markets:
The crypto and the traditional financial markets are quite separated without any connection which does not give participants/investors who attempting to cross over of move from one market to another on the same market platform. The reason for the separation is are large transaction cost, time and money. The transaction cost of moving from one market to another is often too expensive such that the profit might be eliminated of in some cases lead to loss. This is a major problem as investors tend to run from any activity that might cut down their profit margin. Also, the time frame for moving funds from one market to another usually takes up to five working days which are within the working hours and some transactions eventually get declined depending on different factors such as liquidity, day of execution, time of execution throughout the day, type of order and size of trade.in which case, participants are either unable to move funds between different markets in a reasonable time frame or restricted because of the transaction fee attached to do so.Current Market Ineffective Structure:
The current market structure is not favorable when it comes to proper management of time. In the current financial world, a great deal of time is lost due to the current financial market having a highly centralized data processing structure which eventually leads to loss in lead and edge as time is extremely of high value for those people engage in trading or seek financing and the local compliance standards such as KYC and AML which are sometimes irrelevant or outdated to international compliance standards often cause complications for foreign investors who are looking participate in the local markets.High Fees In Financial Markets:
There is quite a large number of financial institutions such as the banks, brokerage firms and intermediary banks involved in the chain of financing and trading activities. These intermediaries however which deduct excessive fees from investors on multiple stages which are often unattractive and discouraging to investors who are attempting to access different marketsImpractical Crypro Exit Strategies:
Transferring funds in bull market is quite hard and this have a negative impact on participants as they are either unable to liquidate/exchange their tokens into other financial assets or they forced to pay large fees to do so. This is a hard part on participants and investors since cryptocurrencies are highly volatile and the price changes every second, the more time spent on trying to liquidate the tokens, the more likely the price is to change against the investor’s target.Lack Of Trust In Crypto Markets:
The difficulty in transferring current assets to the crypto markets in terms of liquidity, diversification, bias to price discrimination and lack of consistently available markets services has made the crypto market unreliable to propective participants and limiting them from entering.
With the challenges in the Financial and crypto markets, it is however essential as a matter of urgency to proffer lasting solutions to for optimal efficiency in the market.
INTRODUCING INGOT COIN IN BRINGING SOLUTIONS
https://www.ingotcoin.io/ will provide solutions to the challenges in the global financial and crypto markets by integrating 6 core ecosystem components and also proved a one-stop-shop for the digital assets, traditional assets and market services hence creating a connection between the crypto market and the traditional markets. With the 6 core components integrated on the INGOT Coin ecosystem, community member will have the chance to capitalize on upcoming opportunities in all markets that is they can engage in trading and financing activities in both crypto markets and traditional markets and move their funds from one market to another with ease and cheap cost on the INGOT Coin ecosystem without having to ass through any intermediary. This is possible because of the advanced system of blockchain technology and smart contract adopted in powering the INGOT Coin ecosystem.
The INGOT Coin (IC) blockchain powered ecosystem’s components are discussed below.
IC Wallet
The IC wallet is a blockchain powered crypto wallet that serves a custodial for all cryptocurrencies in the ecosystem. Participants will be able to use the wallet to send, receive and store the cryptocurrencies available in the ecosystem with ease and security. The cryptocurrencies store in the IC wallet will be transferrable to and from any exchange and other wallet and the wallet is linked with the IC Digital Bank so that participants can pay fiat currencies for crypto and vice versaIC EXCHANGE
The IC Exchange is a secured platform on the INGOT Coin ecosystem and will be listing major coins and newly issued ICOs which will be listed against other cryptos , fiat currencies and traditional assets such as commodities to provide a diversified spectrum for market participants so that investors will have the opportunity to trade their cryptocurrencies and diversified their portfolios. The IC Exchange will be integrated with the IC Wallet, IC Brokerage and IC Digital Bank.IC BROKERAGE
The IC Brokerage provides a platform where participants/investors will be able to expand their portfolios by trading crypto with other financial products such as fiat currencies, international equities, stocks as well as other commodities( gold, agricultural products,metals, ETFs etc) with high liquidity and efficient market pricing. This provides investors with hundreds options to trade in terms of market uncertainty with the IC Brokerage integrated with IC Wallet and IC Exchange.IC DIGITAL BANK
The IC Digital Bank will be a digital financial institution where participants on the INGOT Coin ecosystem can pay their fiat currencies for crypto and vice versa. Providing opportunities for intending investors who wants to purchase a crypto with fiat currencies hence providing the investor with the opportunity to expand his portfolio. The IC Digita Bank is integrated with IC Wallet and IC Exchange.IC CRYPTO CERTIFIER
This is a diversified educational service on the INGOT Coin ecosystem which aim to build awareness and educate interested parties in blockhain technology in a variety of certified courses in IT consulting, compliance, cryptography, regulatory and financial consulting and successful graduates will receive industry leading and globally distinguished certificates with different standards agreed upon between industry leading masterminds.IC ICO Accelerator
IC ICO Accelerator will be a one-stop-shop paves way for creative visions and new ideas by unlocking funds for innovative projects in the sense that it will guide entrepreneurs and help them raise start up funds by providing them with essential services such as marketing strategies, PR services, Whitpaper content creation, legal services and blockchain technology development. IC ICO Accelerator will also guide participating ICOs to list their tokens on the IC Exchange on a much more reasonable price and conditions.
THE INGTOT COIN ECOSYSTEM UTILITY TOKEN
The utility token of the https://www.ingotcoin.io/ ecosystem is the INGOT COIN (IC) and it is an ERC20 compatible token which is the accepted currency for all payments and other transactions between stakeholders and the community members in the INGOT Coin ecosystem and it can be transferred or shared between the members of the community and other holders of the IC tokens.
CONCLUSION
The solutions provided by INGOT Coin ecosystem in solving the challenges in the traditional financial and crypto markets by linking them together which is made possible with the 6 core components integrated with the blockchain powered ecosystem will proffer a lasting solution in breaking the barrier of moving funds or assets from one market to another and give investors the opportunity to diversify their funds and expand their portfolios with ease and security.
For more information on INGOT Coin and how to participate in the ongoing ICO sale, kindly visit the following links
Website: https://www.ingotcoin.io/
ANN Thread: https://bitcointalk.org/index.php?topic=3581009
Whiepaper: https://www.ingotcoin.io/documents/en/white-paper.pdf
Author
BitcoinTalk Username: Eyez_berg
BitcoinTalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2118767