Ingot Coin Forms Alliance of Blockchain Startups to Merge ICOs
Token sales have fundamentally transformed the financial landscape and, more specifically, changed how startups and other firms obtain investment capital to fund their business operations. Both good and bad have come from this newly conceived funding mechanism, with the bad coming mostly in the form of scams.
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But, ICO’s have also removed barriers to entry — giving any small business a chance to fund their plans without the associated fees. Indeed, it also widens the pool of available investors as token sales are basically borderless: you only need bitcoin to buy in.
The Komorebi Alliance is Formed
Now, another financial experiment is being tried by INGOT Coin that they hope will ultimately maximize the benefits of the ICO funding mechanism. The startup has partnered up with other ICOs — essentially merging them together.
The startups have dubbed this joint partnership the “Komorebi Alliance,” which is an apparently untranslatable Japanese word that describes the “effect of sunlight streaming through the leaves of the trees.”
The description could be considered apt as the alliance is attempting to leverage the utility offered in each individual ICO by merging the ICOs of tokens with similar use-cases — thus illuminating each other’s full potential.
The alliance include the following startups: INGOT Coin, GMEX-Group, BolttCoin, Modern Finance Chain (MFChain), SwachhCoin, Black.Insure, PlaceToRent (PTRT), Bineuro and Stella.
The Alliance believes that by bringing together different token generation events from different industries such as health, insurance, financial services, E-commerce and real estate, and combining the different existing utility functions that a “new meaning to utility will be created.”
The Era of “Token Augmenting Partnerships” Has Begun
The Komorebi Alliance has been described as a token augmenting partnership (TAP) by some members of the alliance, emphasizing its utility maximizing nature.
Hirander Misra, Chairman, and CEO of GMEX Group commented on this idea, saying it is based in the so-called network effect that describes the increase in value a product receives as more people use it :
“We are entering an era where the value of individual Blockchain enabled ecosystems combining through joint ventures will lead to a new paradigm of Token Augmenting Partnerships (TAP) creating a network effect, which will propagate to create greater value.”
About INGOT Coin
INGOT Coin is the first fully integrated Wallet with a Digital Bank, Brokerage, Exchange, Certifier, and ICO Accelerator. All components are rolled into a single ecosystem, which rewards token holders and consumers for using and contributing to it.
INGOT Coin is a decentralized cryptocurrency which provides benefits and discounts within the ecosystem itself. The native token, dubbed IC, will be based on a ERC20 technology.
Image via INGOT Coin
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