ICO INGOT COIN
INGOT
Legacy
INGOT seeks to be a
pioneer in the financial industry providing innovative techniques and solutions
to link global markets with global market participants. Being in the financial
market since 1993, INGOT Group witnessed firsthand multiple inefficiencies over
the years. As technology progressed, the global markets and their efficiency
progressed along, providing investors with more opportunities. INGOT
continuously works on providing all stakeholders an evergrowing broad range of
innovative products and services globally, thus allowing it to gain sufficient
expertise to link this knowledge to the new blockchain environment and create
an all-inclusive and self-serving Ecosystem.
INGOT Group provides
through its entity INGOT Brokers, a wide variety of products and services which
includes ETFs, international shares and indices, commodities, metals, energies,
as well as currencies. Since its establishment, INGOT has been providing the
newest and most up-to-date financial products.
INGOT introduced the
concept of short selling the Middle East and North Africa (MENA) shares and
Indices to provide all investors with opportunities otherwise unavailable in
local exchanges, hence allowing exclusive diversified risk management
techniques. This innovative idea of trading came after extensive hard work done
by INGOT’s dedicated team, all of whom strive to find new solutions to help
traders optimize their portfolios through offering different alternative
investment methods. As a response to the increasing demand and opportunities in
the MENA region, INGOT Group founded Sigma Investments in Amman, Jordan.
As a financial advisory
firm, Sigma Investments provided comprehensive consultancy services to many
entrepreneurs and start-up firms, such as 8X8, and reveal naturals. INGOT Group
also took on the initiative to create the first ever commodity exchange in
Egypt, Egycomex, by working hand in hand with the Egyptian government to make
the commodity markets more efficient and increase the productivity of small
farmers by providing them with a transparent price discovery mechanism. INGOT
Group has also established a digital technology solutions firm called
dreamtechs which serves clients internationally and helps them establish
digital solutions for their firms, from the creation of websites to mobile
applications.
INGOT Group additionally
serves as a member of Global Alliance Partners (GAP), which is an international
network of regulated financial services companies that focuses on the mid
capital market. GAP’s international reach gives its member firms greater clout
and a wider platform to conduct investment banking, wealth and fund management,
broking, and other financial services across international markets.
ABOUT INGOT COIN
INGOT Coin aims to Create
an unprecedented, a first-of-its-kind revolutionary ecosystem based on
blockchain technology that will link newly developed crypto markets with the
currently existing financial markets eliminating inefficiencies, while
providing a one-stop ecosystem that enables participants to perform and execute
transactions according to their financial needs.
The IC Ecosystem will be
based on the blockchain technology and will utilize Smart Contracts to
facilitate the execution of different contracts, while eradicating the need for
intermediaries and external interferences that restrict investors from fully
engaging in all markets. By adopting blockchain, we are creating a specialized
ecosystem that will substantially increase customers' confidence, market
liquidity and -most importantly- provide efficient market pricing and access to
funds for all variety of stakeholders.
The IC Ecosystem will
transform trades, settlements and payments and make them instant, bringing
together different necessary components and cutting out third party
intermediaries who usually delay the process and increase associated costs.
Current
Challenges in Financial & Crypto Markets
Present-day financial
services mainly consist of financing, investment management & advisory,
trading and insurance. When it comes to trading and financing, the current
financial system lacks in efficiency and transparency. The market entry
complications that are facing investors and the service fees that they are
charged are quite substantial, which is why some of these investors get
discouraged from actively participating in the current market. Additionally,
smaller investors get overlooked in favor of bigger and wealthier investors and
thus, combined with the lack of trust in the markets that increased after the
2008 crisis, the global financial market is prevented from reaching optimal
efficiency.
Lack
of connection between Crypto and Traditional Markets
The crypto and the
traditional financial markets are quite segregated for a participant attempting
to cross over or move their capital from one market to the other. The
segregation is a result of large transaction costs, time and money. These costs
sometimes lead to the eradication of profits, and in some cases lead to losses,
which restricts investors from participating in the market. Furthermore, Market
participants are always searching for ways to diversify their funds, along with
rebalancing them to reach an ideal allocation of assets that fits their risk
appetite. Given the lack of connection between crypto and the traditional
markets, participants are either unable to move funds between different markets
in a reasonable timespan or are restricted by the costs associated to do so.
The current crossover
mechanism is also inefficient in terms of availability and transparency as it
is only available 5 days a week and execution can take from hours to days
depending on different factors, such as liquidity, day of execution, time of
execution throughout the day, type of order and size of trade.
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