Tallinn, Estonia & London, UK. June 11th, 2018: INGOT Coin, pioneering the link between the Crypto universe and the current traditional financial industry; is pleased to announce a joint Venture Partnership with GMEX Group (GMEX).
GMEX is a leading provider of exchange and post-trade solutions; to establish a brighter and more innovative future incorporating the latest Blockchain and ICO developments.
The Joint Venture will capitalize on collaborating to maximize innovation and efficiency in the market and shifting the focus back on Blockchain.
Numerous market participants have recently been uneasy with the prices of Cryptocurrencies, discouraging them from entering the market and investing. The spotlight has moved from Blockchain to the volatility of Bitcoin and Ethereum and how to make profits in the short-run.
If by the time you are reading this, prices of Bitcoin and Ethereum have sunk to a new all-time low, would you say Blockchain is failing? The truth is that people have failed Blockchain and using Blockchain efficiently.
Bitcoin and Ethereum gave us the gateway to access Blockchain game-changing opportunities, but instead they have become a limiting distraction.
Many ICOs are having a hard time establishing their brand, looking for new ways to raise funds and marketing their ICO among thousands of competitors. The competition in the market is killing many great ideas that would enhance and improve industries before they even begin.
GMEX-Group.com and INGOTCoin.io have joined forces to address the current state of the competitive market and introduce what seems to be a strange concept to people these days; Collaboration.
Hirander Misra, Chairman and CEO of GMEX Group commented, “The INGOT Coin all-inclusive Blockchain ecosystem when combined with the GMEX Fusion Hybrid centralized & Blockchain based global exchange trading, post trade and digital banking offerings will redefine the way Tokenomics can work.”
He added, “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.”
Both INGOT Coin and GMEX believe that by bringing together different ICOs from different industries and combining the different existing Utility functions will create a new Utility.
Instead of having a couple of utility benefits from one ICO, why not have many more benefits from a unified group of ICOs working together?
GMEX will be providing their business expertise, the latest technology, connectivity & operational excellence to the group in order to excel.
GMEX will be working hand in hand with INGOT Coin to create one user friendly and up-to-date platform providing access to the partnered ICOs as well as access to their tokens and utilities. Furthermore, all users of the platforms will get multiple discounts when using any Utility of any ICO on the platform.
Ahmed Khawanky, CMO of INGOT Coin stated that “As of now this does not exist in the Crypto markets, financial markets or in any market. Joining one ICO will provide you with innovative services, eventually, but even at this point the services are limited. That is why people also invest in multiple other ICOs to gain from different services as well, however the truth of the matter is that even when that is done, there really is no bridge or integration between the ICOs.”
INGOT Coin has already partnered with multiple different ICOs that share the same vision and is in talks to finalize more. Current ICOs that will be joining this initiative include Modern Finance Chain, Zichain, Swachhcoin, Stella, Bineuro. Additionally, INGOT Coin has also engaged with Trade.io to provide consultancy services to assist in enhancing their offering.
As for some of the concluded ICOs who share the same vision; Trade.io, which recently completed a successful USD31 million ICO.
All these ICOs come from different countries, expertise and backgrounds and in most cases different industries; providing a diverse set of Utility and functions for all their communities worldwide.
Iman Mutlaq, Founder of INGOT Coin believes that “The only limit that exists is the one we put for ourselves. With Blockchain technology, the sky is the limit, so why is everyone settling on land instead? We practice what we preach and if we believe in collaboration and the greater good of it, then with the help of GMEX and our partners, collaboration is what we will be.”
About INGOT COIN
INGOT Coin is the first of its kind, an all-inclusive ecosystem that will be the pioneer in linking the crypto universe to the current traditional financial industry.
INGOT Coin aims to Create an unprecedented, a first-of-its-kind revolutionary ecosystem based on Blockchain technology that will link newly developed Crypto markets with the currently existing financial markets eliminating inefficiencies, while providing a one-stop ecosystem that enables participants to perform and execute transactions according to their financial needs.
The IC Ecosystem will be based on the Blockchain technology and will utilize Smart Contracts to facilitate the execution of different contracts, while eradicating the need for intermediaries and external interferences that restrict investors from fully engaging in all markets.
By adopting Blockchain, we are creating a specialized ecosystem that will substantially increase customers' confidence, market liquidity and -most importantly- provide efficient market pricing and access to funds for all variety of stakeholders.
The IC Ecosystem will transform trades, settlements and payments and make them instant, bringing together different necessary components and cutting out third party intermediaries who usually delay the process and increase associated costs.
About GMEX Group
GMEX Group is a set of companies that offer sustainable and innovative solutions for a new era of global financial markets. Providing business expertise, the latest technology, connectivity & operational excellence delivered through an aligned partnership driven approach.
We use our extensive market infrastructure experience and expertise to create an appropriate strategic master plan with exchanges, clearing houses, depositories, registries and warehouse receipt platforms.
Our key business solutions enable the creation and operation of cost effective electronic exchanges and post trade infrastructure in multiple asset classes including equities, debt, FX, derivatives, commodities, cryptocurrencies and digital assets.
We operate in both developing and developed markets through the establishment of cohesive business and technology ecosystems. GMEX offers the added benefit of interconnection to multiple partner exchanges, to create global networks of liquidity.
GMEX Group ensures a cohesive strategic direction is maintained and comprises of:
- GMEX Technologies: is a provider of multi-asset exchange trading and post trade technology through a unique partnership driven approach
- GMEX Innovation: conducts R&D of technologically advanced new product solutions for exchange trading, clearing and settlement
- GMEX Services: provides strategic consultancy, implementing services & support for exchanges and market infrastructure providers
- GMEX Investments: enables selective seed and early stage strategic investments into market infrastructure and related FinTech companies.
Company name: INGOT Coin
Company site: www.INGOTCoin.io
Company contacts: Ahmed Khawanky
Company email: a.khawanky@ingotcoin.io