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.
Current
Market Ineffective Structure
Time is of extremely high
value for people who engage in trading or seek financing. Unfortunately, due to
having a highly centralized data processing structure in the financial world, a
great deal of time will be lost, leading to loss in lead and edge.
Additionally, local compliance standards such as KYC and AML are in some cases
irrelevant or outdated when trying to comply with international compliance
standards. Thus, causing significant complications for foreign investors who
are looking for exposure to the local markets.
High
Fees in Financial Markets
A large number of
intermediaries such as primary banks, brokerage firms and intermediary banks
are usually involved in trading and financing activities, which means that high
fees are being deducted from investors on multiple stages. Excessive bank and
brokerage fees can be unattractive and debilitating for investors looking to
access different markets.
Impractical
Crypto Exit Strategies
Transferring funds in
bull markets is quite hard, never mind in bear markets. We have seen the drop
in crypto prices in late 2017 and how it impacted a lot of crypto participants
as they were either unable to liquidate their tokens into other financial
instruments or were forced to pay large fees to do so. Until recently, the
worry of an inefficient exit strategy in the Crypto market was disregarded,
especially when prices were soaring. As more investors, institutions, and funds
started participating, it has become apparent that neither the traditional
financial system nor the crypto market can establish a direct connection
between the two. Many enterprises across various industries now accept and
store cryptocurrency as a method of payment in order to keep up with
competition and increasing demand, but unfortunately most are unable to
moderate their exposure and risk.
Lack
of trust in Crypto Markets
The difficulty of
transferring current holdings to the crypto markets in terms of
diversification, liquidity, bias to price discrimination and lack of
consistently available market services, has deemed the exponentially growing
market unreliable to prospective participants and in turn limiting them from
entering. Moreover, the lack of knowledge in the market about blockchain, smart
contracts and the variety of possible useful implications, have caused the
participants to turn down profitable investment opportunities.
The
Token
Token Summary The Exchange will charge a preferred rate on
all transactions paid by our coin, compared to payments done by other major
cryptocurrencies or fiat currencies.
INGOT will distribute
coin dividends once the company is mature and profitable. This increases the
attractiveness of the coin in the initial phases and in the long run.
The maximum number of
tokens that will be distributed will be 120,000,000 IC. In case tokens were not
all sold once all the ICO ends, all unsold tokens will enter a burning program
as per the smart contract.
Uses of the Token
This hybrid token serves
as a utility and a security token. We will go into extensive explanations of
both beneficial areas.
Security benefits
The token holders will
benefit from the growth of the Ecosystem’s returns. The returns will be
reflected on the price, in terms of Capital Gains and in terms of Dividends. As
one of the Ecosystem’s main objective is to satisfy token holders and ensure
their benefits are on the top of the objectives list, the reflection of the
returns on the price of IC will be mainly channeled through our dividends
program that will start after the Ecosystem is sustainable and profitable. As
it is currently in the market, companies that pay increasing amounts of
dividends to their shareholders will enjoy increase in stock or token prices.
This is due to the increase in attractiveness of the security as the returns on
the price of the security has increased. Along with some of the other
cryptocurrencies, the token will have limited supply, which will lead to fixing
the supply while demand can increase that will lead to capital gains for token
holders.
Utility Benefits
The main benefits of this
token lie here. The token could be used in a magnitude of ways:
Method of payment within
the Ecosystem: As there is value to the coin, Ecosystem stakeholders will be
willing to receive these coins as a method of payment. The advantage here is
that if a token holder is paying the IC Exchange, IC Brokerage, IC Crypto
Certifier, IC Accelerator and the IC community they will receive various
discounts from %5 and reaching up to %50 in some cases.
Method of payment to
external entities: In this case, IC will act just like any other
cryptocurrency, a method of payment with value shown clearly from the
exchanges. The increase in circulation of the token will provide a more
efficient price of the token.
Information
ICO
Token IC
Price 1 IC = 1 USD
Accepting USD, ETH, BTC, XRP
Soft cap 37,000,000 USD
Hard cap 90,000,000 USD
