Ingot Coin Announces Milestone for Cryptocurrency Crowdfund
Ingot Coin, a blockchain-based financial solutions startup, has announced the completion of its pre-token generation event as it recently reached its soft cap funding goal. The team announced, in a press release, that they have officially closed the sale after receiving $40 million USD from over 6 thousand contributors.
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The team has since announced that their main token sale is now live, now hoping to reach the company’s hard cap goal of $90 million USD and will continue until August 11th, 2018.
In addition, the sale will be selling over 120 million IC tokens, in total, at a 1:1 exchange ratio with the the US dollar. Accepted payment methods include The US Dollar, Bitcoin, Ethereum, and Ripple.
The sale will distribute 75% of the total supply and is currently associated with the Cryptopia cryptocurrency exchange.
INGOT Coins Spearheads Komorebi Alliance
INGOT Coin is, by all accounts, trying to realize a lofty and ambitious vision in its blockchain-based project — explaining the relatively large crowdfunding goals of $40 million at minimum and $90 million at max.
Indeed, INGOT Coin is not just trying to create a traditional solution with limited use-cases, but an entirely decentralized and interconnected financial ecosystem for the whole cryptocurrency universe.
Besides reaching their soft cap goal, one way INGOT Coin has begun to realize their vision is through an alliance of crypto startups it created, called the “Komorebi Alliance.”
The Komorebi Alliance merges the ICOs of projects with similar use-cases together, helping to maximize the benefits of each individual one by creating an interdependent system of moving parts that builds off one another..
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.”
About Ingot Coin
INGOT Coin is about building an interconnected global community of trust and cooperation—the basis of which is honesty and transparency among its members.
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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