Since the invention of the blockchain technology, the world has been marveling at it's intricate tendencies. The blockchain technology had been pivotal in setting up many platforms and is already making waves in different sectors of the economy such as finance and ecommerce.
What many fail to understand is that the blockchain technology can be applied to real-life situations and this can be achieved by using Decentralized Organizations (DAOs). There are many start-up companies that are prone to fail if they do not take the right approach.
The current model is centralized and any business or start-up that keeps using this model might find itself in debts within months of floating. It has been posited that about 30% of entire start-ups were able to achieve their goals. So what happens to the other 70%. Flushed down the abyss I guess and this is because there’s a problem and we shall look at that.
What many fail to understand is that the blockchain technology can be applied to real-life situations and this can be achieved by using Decentralized Organizations (DAOs). There are many start-up companies that are prone to fail if they do not take the right approach.
The current model is centralized and any business or start-up that keeps using this model might find itself in debts within months of floating. It has been posited that about 30% of entire start-ups were able to achieve their goals. So what happens to the other 70%. Flushed down the abyss I guess and this is because there’s a problem and we shall look at that.
The Problem
The problem faced by many start-ups stems from the centralized approach in vogue. The first problem facing new organizations is limited funds. According to financial analysts, these new organizations have enough capital to keep them afloat for the first two quarters of the year after which they hit bankruptcy. Having in mind the huge role funds play in business, it is not encouraging that new organizations lack required funds to run their business.
The problem faced by many start-ups stems from the centralized approach in vogue. The first problem facing new organizations is limited funds. According to financial analysts, these new organizations have enough capital to keep them afloat for the first two quarters of the year after which they hit bankruptcy. Having in mind the huge role funds play in business, it is not encouraging that new organizations lack required funds to run their business.
Regulations are also limiting new organizations. If you’re to partner with a citizen of another country in setting up a new organization, both countries’ (yours and your partner’s) regulations will come to bear. This is apart from the documentations and financial aspects to this.
There is also the problem of incorporation costs being on the high side and in situations when there are conflicting opinions among key members of the organization, the effect if not well-managed, might result in a split in the organization.
Likewise, inclusion or exclusion of partners poses another problem. If your partner in a business withdraws his support, you’ll find yourself in a state of malady. In such situations, other partners and third-parties might utilize such situations for their personal gain.
So with these problems facing start-up organizations, it is pertinent to create a decentralized approach that will allow emerging organizations have a stronghold. There is need to help the start-up and new organization industry with a huge potential of 305 million companies growing by 100 million companies every year.
The solution will also encourage start-up companies and avoid them from going the way of over 100 million start-up companies that were forced to close yearly as a result of challenges rocking the industry and hugely because they were insufficient funds.
INTRODUCING INGOT
INGOT is a blockchain project that is built to effectively manage the overall financial management of users while also establishing stability and easy interactions between the old financial sector and the modern digital universe. Coming just at the right time, Ingot will ensure perfect and low-cost transaction, unlike the old system, taking the financial control and making it easy for investors to move their assets from the traditional financial system to the cryptocurrency universe. More so, investors will be able to perform transactions without difficulties and with the absence of brokerage firms and intermediaries. All things being equal, the entire operations that would be initiated will be perfect and profitable for the users.
INGOT is a blockchain project that is built to effectively manage the overall financial management of users while also establishing stability and easy interactions between the old financial sector and the modern digital universe. Coming just at the right time, Ingot will ensure perfect and low-cost transaction, unlike the old system, taking the financial control and making it easy for investors to move their assets from the traditional financial system to the cryptocurrency universe. More so, investors will be able to perform transactions without difficulties and with the absence of brokerage firms and intermediaries. All things being equal, the entire operations that would be initiated will be perfect and profitable for the users.
INGOT DYNAMIC COMPONENTS
To achieve the set goal, Ingot's team has designed into this system, six major functional tools that will carry out different important financial activities. Firstly, in Ingot build up, there is an IC BROKERAGE that is squared for liquidity in financial trading and investment, there is another tool which is an IC WALLET wherein all the assets owned by users whether cryptocurrency or fiat are stored for easy accessibility. This wallet will be able to manage all the bank accounts owned by users in the traditional financial system and be linked to other cryptocurrencies invested in by the user. The third component is an EXCHANGE SYSTEM tool that allows all kinds of crypto trading with the fiat currency. Furthermore, there is a fourth tool which is the IC DIGITAL BANK which helps to manage users fund and control the trading operations of users in addition to monitoring the functions of the IC brokerage and the IC exchange duties. The fifth component is an IC CRYPTO CERTIFIER which sponsors user's training on cryptocurrency programs and trading. Lastly, the ICO ACCELERATOR functions as a guide to users enabling them to raise funds as they participate in legal services and other marketing operations.
To achieve the set goal, Ingot's team has designed into this system, six major functional tools that will carry out different important financial activities. Firstly, in Ingot build up, there is an IC BROKERAGE that is squared for liquidity in financial trading and investment, there is another tool which is an IC WALLET wherein all the assets owned by users whether cryptocurrency or fiat are stored for easy accessibility. This wallet will be able to manage all the bank accounts owned by users in the traditional financial system and be linked to other cryptocurrencies invested in by the user. The third component is an EXCHANGE SYSTEM tool that allows all kinds of crypto trading with the fiat currency. Furthermore, there is a fourth tool which is the IC DIGITAL BANK which helps to manage users fund and control the trading operations of users in addition to monitoring the functions of the IC brokerage and the IC exchange duties. The fifth component is an IC CRYPTO CERTIFIER which sponsors user's training on cryptocurrency programs and trading. Lastly, the ICO ACCELERATOR functions as a guide to users enabling them to raise funds as they participate in legal services and other marketing operations.
BENEFITS OF INGOT
It secures users' funds in their wallets.
It allows easy movement of funds from unconducive financial markets to the crypto market and vice versa.
It fosters direct trading that is free from intermediaries, hence beating down the transaction costs.
It secures users' funds in their wallets.
It allows easy movement of funds from unconducive financial markets to the crypto market and vice versa.
It fosters direct trading that is free from intermediaries, hence beating down the transaction costs.
TOKEN INFORMATION
Token Name: Ingot Coin
Token Ticker: IC
Hard Cap: $90,000,000
Soft Cap: $37,000,000
ICO date: July 1st-August 11th 2018.
Token Name: Ingot Coin
Token Ticker: IC
Hard Cap: $90,000,000
Soft Cap: $37,000,000
ICO date: July 1st-August 11th 2018.
TO LEARN MORE ABOUT INGOTCOIN KINDLY VISIT THE FOLLOWING CHANNELS
website : https://www.ingotcoin.io/
Whitepaper: https://www.ingotcoin.io/documents/en/white-paper.pdf
Twitter : https://twitter.com/icoingot
Telegram : https://t.me/INGOTCoin
Whitepaper: https://www.ingotcoin.io/documents/en/white-paper.pdf
Twitter : https://twitter.com/icoingot
Telegram : https://t.me/INGOTCoin
Author by: Hellokitty6
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