Ingot Coin 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.

INGOT COIN Features

Ingot Coin is a decentralized ecosystem aimed at bridging the gap between the crypto market and the traditional and financial markets. This platform will solve the different issues of the existing markets while also promoting trusts . In my previous article HERE, I have stated the 6 major components of this ecosystem and in this particular piece I will be shedding more light on what they offer.

INGOT COIN Exchange

The IC ecosystem is a largely interwoven and interconnected ecosystem and no component typifies this better than the IC exchange. The IC exchange is connected to the IC wallet, IC ICO accelerator, IC brokerage and the IC digital bank.

This is not the typical cryptocurrency of financial exchange as it allows its users to trade interchangeably between any markets of their choosing. With IC exchange, traders can now trade between the following trading pairs;

1. Fiat VS Fiat

2. Crypto VS Fiat

3. Crypto VS Crypto

4. Crypto VS Traditional

5. Traditional VS Fiat

Unlike the present systems where the crypto market lacks liquidity and a feasible exit strategy that works, cryptocurrency traders who needs to liquefy their holdings can now trade their cryptocurrencies directly for fiat on the same exchange in which they trade for other crypto pairs, also they can now purchase traditional commodities on the traditional market in a open and easy to use platform, unlike the present way of things where there are high entry barriers into the traditional markets.

The IC exchange is also integrated with a lot of other ground-breaking features that will ensure a better user experience for the traders. some of this features includes an inventive order matching system, and a liquid order book.

INGOT COIN Digital Bank

The main purpose of the IC digital bank is to create a bank that is not a subject of the frailties of the present banks, thus bringing the idea of a digital bank that will fulfill all the legal and regulatory obligations of a proprietary bank and also be able to have a digital connectivity with the IC decentralized wallet, exchange and the ecosystem. The Digital bank allows traders have complete control of their funds.

Additionally, to fulfill its purpose and also achieve the same level of usability as the proprietary banks, accounts on the digital banks will have E-payment solutions and debit cards for its users.

The other components of the Ingot Coin ecosystem which includes the IC Crypto Certifier, IC Brokerage and the IC ICO Accelerator have been very well explained in details in the project whitepaper. Kindly read though it for more information about the project.