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), 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 and INGOT Coin 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. ICOs that will be joining this initiative include Modern Finance Chain, Zichain, Trade.io, Swachhcoin, Stella, Bineuro. 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.