All-inclusive ecosystem Ingot Coin is aiming to develop an ecosystem that will bridge traditional markets with cryptocurrency, unifying the two. Coming out of Estonia, this Ethereum based platform will satisfy the needs of both sectors through one, or a combination, of their six offerings.
The six different components working hand in hand to create the IC ecosystem are: IC Wallet, IC Exchange, IC Brokerage, IC Digital Bank, IC Certifier and IC ICO Accelerator.
IC Digital Bank and IC Wallet will become the bread and butter for those looking to quickly transfer cryptocurrencies into traditional currencies, and vice versa. IC Ecosystem’s primary function is to enable custodial and brokerage operations, to satisfy all the functions traditional markets are accustomed to.
The other four offerings from Ingot Coin are additional services that the IC community can take advantage within cryptocurrency. For example, the multi-sig cold storage IC Wallets in tandem with the IC Exchange will link with the IC Brokerage to allow users to trade in crypto and quickly transition to USD, EUR or another fiat currency. From there, users can decide to expand or liquidate their investments through the IC Bank.
Director of INGOT Group and founder of INGOT Coin Iman Mutlaq, stated:
“INGOT Coin will create a complete solution by integrating six core ecosystem components and providing a one-stop-shop for the digital asset, traditional asset, and currency markets.”
As the cryptocurrency market continues to increase in valuation and liquidity, more and more traditional traders are beginning to invest in the alternative assets.
Benefits of Better Transition Mechanisms
The transition between fiat and crypto is an area that sorely needs development. Not only will it facilitate the onboarding process for new users to the cryptocurrency scene, but it will also make the conversion of fiat to cryptocurrency and vice versa more liquid.
Having a better entry and exit mechanisms in place should also make the ability to profit from the volatility of cryptocurrency easier. Enter a crypto, exchange for a fiat when it reaches a high, and reenter with the same fiat at a low. Rinse and repeat for easy profits.
INGOT Coin CMO Ahmed Khawanky outlined the potential of the ecosystem, stating:
“INGOT Coin will make trading direct, cost-efficient, less timely and more available round the clock by utilizing distributed technologies and discarding the issues brought by third-party intermediaries and banks such as high fees, unavailability, and time consumption. Being in the market since 1993, we can see that as technology progresses, the more efficient the markets are.”
Token Sale Details
INGOT Coin is hosting a presale of their native token, IC, which started on May 1st. A bonus of 30-35% (depending on the sum invested) is available to early participants, which decreases to 25-30% as the presale comes to a close.
The main sale will begin July 1st and run until August 11th. Users can purchase the tokens with BTC or ETH, as well as fiat payments through a bank wire (participants are required to go through a KYC process for both methods). Each week of the event there will be a special discount rate, dependent on how much is invested.