what are present-day financial services? Could you tell me about is its composition?
It is mainly consists of financing, investment management and advisory, trading and insurance, as I know.
Topic: [ANN][ICO][IC] INGOT COIN - BRIDGING MARKETS – AN ALL INCLUSIVE ECOSYSTEM - page 145. (Read 252180 times)
July 23, 2018, 07:45:15 PM
July 23, 2018, 07:19:17 PM
what are present-day financial services? Could you tell me about is its composition?
It is mainly consists of financing, investment management and advisory, trading and insurance, as I know. July 23, 2018, 07:13:16 PM
what are present-day financial services? Could you tell me about is its composition?
It is mainly consists of financing, investment management and advisory, trading and insurance, as I know. July 23, 2018, 07:04:36 PM
what are present-day financial services? Could you tell me about is its composition?
July 23, 2018, 06:59:11 PM
who can make me an example in the financial industry? What is its use?
Smart contacts embedded in the ecosystem lead to the development in verification, it seems to be a good idea July 23, 2018, 06:41:35 PM
who can make me an example in the financial industry? What is its use?
Smart contacts embedded in the ecosystem lead to the development in verification, it seems to be a good idea July 23, 2018, 06:36:49 PM
who can make me an example in the financial industry? What is its use?
Smart contacts embedded in the ecosystem lead to the development in verification, it seems to be a good idea July 23, 2018, 06:03:45 PM
who can make me an example in the financial industry? What is its use?
July 23, 2018, 05:58:07 PM
if there is any sense in using smart contract in the different industries? who can comment it?
yes, there is a sense. the minimizing cost and time is possible.. July 23, 2018, 05:51:36 PM
if there is any sense in using smart contract in the different industries? who can comment it?
yes, there is a sense. the minimizing cost and time is possible.. July 23, 2018, 05:50:21 PM
if there is any sense in using smart contract in the different industries? who can comment it?
July 23, 2018, 05:21:32 PM
what is the use of smart contracts? What does it give?
It has led most industries to think of ways to improve their services. July 23, 2018, 05:11:41 PM
what is the use of smart contracts? What does it give?
July 23, 2018, 05:11:02 PM
Why sould we buy INGOT coin?
These are only one of the few advantages of cryptocurrency exchange system. IC Ecosystem expands the vision of crypto currency world and provides many advantages to users. Some of the major benefits are listed down below;Crypto VS Crypto
IC ecosystem is designed to provide unique first of its kind innovative solution as well as improved solutions to existing models, through the IC Wallet and exchange users can exchange, store and transfer a variety of cryptocurrencies users will also be able to participate in certified ICOs through the Ecosystem. The figure above resembles a typical crypto/crypto transaction in the IC ecosystem.
After registering for the IC Wallet and depositing crypto funds users are immediately able to send, receive and exchange cryptographic tokens. In this example, Ahmed wishes to exchange some Bitcoins for INGOT Coin; the user transfers the desired amount of Bitcoin from the IC Wallet to the IC Exchange custodial wallet and places a BTC/IC order and a smart contract is initiated, Sandra on the other hand wishes to exchange some INGOT Coin for Bitcoin and respectively transfers some INGOT Coin from the IC Wallet to the IC Exchange custodial wallet, once the funds are available in the IC Exchang custodial wallet the user can place an IC/BTC trade order. Once orders are matched the exchange is completed according to the smart contract and the funds are directly deposited into each user’s IC Wallet with no third-party intervention, meaning the funds do not pass through any third-party wallet before reaching their destination wallet.
Crypto VS Fiat
The Ecosystem will provide an environment for trading crypto/fiat pairs faster and cheaper than all currently existing platforms. Given that the IC Bank and IC Exchange are connected to the same network, transactions are all processed internally. The figure above demonstrates a crypto/fiat transaction where Steve wishes to exchange his crypto for fiat, Laura wishes to buy crypto using fiat. Steve places a USD/IC buy order through his IC Wallet interface which instantly places an order on the IC Exchange order book after transfer of their coins to the IC Exchange custodial wallet. Once the order is matched, the user’s IC Bank account is deposited with the proceeds of the sale in USD.
Anyone places a IC/USD buy order through his IC Digital Bank interface which immediately places an order on the IC Exchange order books, a temporary hold on the order amount is placed on the fiat funds in the user’s IC Bank account. Once the order is matched the recently purchased cryptocurrencies are deposited directly into the user’s IC Wallet according to the smart contract and the previously held fiat funds for the amount of the transaction in the buyer’s IC Bank account are transferred to the seller’s IC Bank account instantly as an internal transfer. Given that the exchange and the bank are under the same umbrella, the system is able to perform deposits first and settlements second in the back offices, it is just as easy as an internal transfer.
Crypto VS Traditional
IC offers the first sustainable model for crypto/traditional (stocks & commodities) trading. By integrating a traditional brokerage with a cryptocurrency exchange we have arrived at an innovative solution that connects the crypto markets to traditional markets such as ICE, CME, NYSE, NASDAQ, EURONEX, LSE & many more.
Someone wants to buy stocks from the IC Brokerage in exchange for IC. In the ordering phase he/she will place a market order on the platform based on the best IC Brokerage bid and ask prices for the specified stock and IC. As orders are place, the IC Brokerage will start the matching phase where the IC Brokerage will connect both participants with the best buy order and the best sell order for the specified pair. The IC Brokerage will base its matching on a price-time priority matching, therefore providing no bias towards any participants. The movement of funds will be from the IC Wallet to the Exchange segregated wallet, then after the sale happens the money is internally transferred to his/her bank account. As soon as the money is there, wang will be able to purchase the specified stock that he is requesting.
Traditional VS Fiat
One customer wants to buy (AAPL) Apple stocks from the IC Brokerage with fiat (USD) while another one wants to sell (AAPL) Apple stocks for fiat (USD) currency. In the ordering phase both participants will place their market orders in the IC Brokerage based on the best IC Brokerage bid and ask prices for AAPL and USD respectively. As orders are place, the IC Brokerage will start the matching phase where the IC Brokerage will connect both participants as their orders were the best buy order and the best sell order for the USD and AAPL pair. The IC Brokerage will base its matching on a price-time priority matching, therefore providing no bias towards any participants. With respect to price, size and value of order, only time will be considered as a factor to match. In other words, if there is a buy order at a price of 100 USD and there are 2 sell orders of Apple shares worth 100 USD, then the system will automatically take the participant with that ordered the sell first.
Fiat VS Fiat
The best option for explanation is giving an example. Marc wants to trade his U.S Dollars for Euros while Julia wants to trade her Euros for U.S Dollars. This order will be considered as Fiat vs Fiat as both participants are only looking to exchange the type of fiat currency that they own. This is done most of the time to hedge different prices if the participants have business in different countries and receive a variety of currencies. The process starts with the participants ordering their requested currency. Let's take Carlos and Maria as an example. Carlos and Maria will place their market orders in the IC Digital Bank through the IC Platform and based on the best bid and ask prices for the Euro and the USD. As requests are ordered, the IC digital Bank will match the best ask and best bid prices together. As orders are matched, the U.S Dollars are transferred from Maria’s IC Digital Bank account to Carlos’s IC Digital bank and Euros are transferred from Carlos’s IC Digital Bank account to Maria’s IC Digital Bank account.
Custodial services
IC Digital Bank will provide 24/7 automated payment processing with high-level web-based custodial services. The IC Digital Bank will also facilitate the IC Brokerage and IC Exchange duties, along with providing day-to-day online services such as e-payments. Furthermore, clients are able to open different bank accounts ranging from current and saving, to brokerage accounts. The IC Digital Bank will also provide fund management for all interested stakeholders and support their trading activities by providing unmatched settlement and remittance speed at the lowest fees.
Payment Processing
Fiat funds such as Euro or US Dollar can be deposited in the IC Bank and managed manually by the IC Exchange operator or automated through the implementation of payment processing features through the IC Digital Bank interface.
July 23, 2018, 05:09:32 PM
How to register Private Sale?
Hello mate, you can join our ICO now, https://www.ingotcoin.io/en/Runtime/signup July 23, 2018, 10:13:28 AM
Considering the investing strategy. What would be better hold long term or speculate? Any opinios?
July 23, 2018, 09:40:54 AM
Hm, idea looks strong. But token usecase seems limited. Thats why the question arises: why token will rise in price?
As far as this project aims to worldwide adoption. Here will be huge traffic July 23, 2018, 08:45:28 AM
Hm, idea looks strong. But token usecase seems limited. Thats why the question arises: why token will rise in price?
As far as this project aims to worldwide adoption. Here will be huge traffic July 23, 2018, 08:28:29 AM
Hm, idea looks strong. But token usecase seems limited. Thats why the question arises: why token will rise in price?
As far as this project aims to worldwide adoption. Here will be huge traffic Jump to: