INGOT Legacy
INGOT seeks to be a pioneer in the financial industry providing innovative. techniques and solutions to link global market participants. Being in the financial market since 1993, IGOT Groups witnessed multiple inefficiencies ove the year. As technology progressed, the global markets and their efficiencies progressed along, providing investor with more opportunities. INGOT continously works on providing all stkeholders an ever growing board range innovative products and services globally, thus allowing it to gain sufficient expertise to link this knowledge to the new blockchain envioronment and create an all-inclusive and self-serving Ecosystem.
INGOT introduced the concept of short selling the Middle East and North Africa (MENA) sgares and indices to provide all investor with opportunities otherwise unavailable in local exchanges, hence allowing exclusive diversived 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 alternative investment methods. As a response to the incrrasing demand and opportunities in the MENA region, INGOT Group founded Sigma Investments in Amman, Jordan.
INGOT Group additionally serves as 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 investments banking, wealth and fund management, broking, and other financial services across internatioanal markets.
The Token
Token Summary
The Exchange will charge a preferred rate on all transactions paid by our coin, compared to payments done by other maor cryptocurrencies or fiat currecies.
INGOT will distribute coin dividends once the company is mature and profitable. This increase the attractiveness of the coin in the initial pahses and in the long run.
The maximum number of tokens that will distibute will be 120,000,000 IC. In case tokens were not all sold once all the ICO ends, all unsold tokens will enter burning programs as per the smart contract.
Uses of the Token
This hybrid tokens serves as a utility and a security token. We will go into extensive explenations of both beneficial areas.
Security benefits
The token holders will benefit from the growth of the Ecosytem's returns. The return will be reflected on the price, in terms of Capital Gains and in term of Devidends. 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 reflections of the returns on the price of IC will be mainlly channeled through our devidends program that will start after the Ecosystem is sustainable and profitable. As it is currently in the market, companies that pay increasing amounts of devidends to their shareholders will enjoy increase in stock or token prices. This is due to the increase in attractives of the security as the return on the price of the security as the returns on the price of the token will have limited supply, which will lead to fixing the supply while demend can increase that wil 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 methods pf payments. The advantages here is thet if a token holder is paying the IC Brokerage, IC Crypto Certifier, IC Accelerator and the IC communitty they will receive various discounts from 5% and reaching up to 50% some cases.
- Methods of payment to external entities: In this case, IC will cat just like any other crytpocurrency, a method of payment with value shown clearly from the exchange. The increase in circulation of the token will provide a more efficient price of the token.
Ecosystem Caps
Hard Cap
Based on our extensive financial model, we have place a hard cap of $90,000,000. This number will ensure we provide the best services with optimal allocations into each component of this all-inclusive ecosystem. The values plotted below include the best registrations with top-notch developers implementations on state-of -the-art technologies.
Many assets will be shared among the Ecosystem. The above values include cost of licenses that depend on the country of choice. Different countries have different cost and presents us with different statuses.
Soft Cap
Our Ecosystem could be constructed in rounds. However, the main core should be implemented simulataneously. Having said that, we have include the main components with their minimum value to be launched with a minimum of $37,000,000.
There is huge discrepancy between the soft cap and the hard cap, this is due to component budgetary cutbacks. The components that have will be eliminated from the outer circle of the Ecosystem,IC Accelerator IC Crypto Certifier.
Discarding the creation of these components will slighly affect the attractiveness of the Ecosystem, however it will still be capable of running at almost optimal level.
As fro reducing the budgets, we have combied the serve with the liquidity pool into one component which will serve both purpose. As for the bank and brokerage, we will be able to open under one registry and restrict our services to the needed ones and not expand all at once.
Reducing the budgets will affect the growth of the project ad projected price of IC. The growth will start at a much lower rate in comparison to our business model. However, it will still initially grow at an exponential rate, thus reaching our current milestone but on later dates.
Token and Fund Allocation
Token Allocation
Public : 75%
Early Backers : 7%
Bounty Program : 5%
Team : 5%
Advisory : 4%
Founder : 4%
Fund Allocation
Digital Bank : 23%
Liquidity Fund : 22%
Brokerage : 18%
Reserve : 11%
Exchange Wallet : 10%
Legal, PR and Consultation : 8%
Crypto Certifier : 5%
Accelerator : 3%
MORE INFORMATION
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Created by : 15persenlucky
Profile link : https://bitcointalk.org/index.php?action=profile;u=1210666
ETH address : 0x1997B312D6e9cB863f939f9a7cEa3A36Ec185E69
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