INGOT News: Komorebi Alliance Detaching from Ethereum & Price VolatilityJune 25, 2018
It is no secret that the recent volatility in the market has been extreme with Bitcoin and Ethereum prices in freefall. Market participants are suffering losses but also given the opportunity to invest at lower prices to gain if the market pulls up. Cryptocurrency investor Brian Kelly, states on CCN “Referring back to the basic rule of investing, Kelly noted that during a period in which the market is extremely bullish and optimistic, it is better to sell and eye a timely opportunity to enter and when the market is overly pessimistic, it is wise to look for a position to enter.”
Bitcoin originally was supposed to offer an efficient means of transferring money over the internet and is controlled by a decentralized network with a transparent set of rules, thus presenting an alternative to central bank controlled fiat money. Market participants changed from geeks and believers in Blockchain to funds and investors looking to make profit with the uptrend volatile market. This led people to ignore the primary function of Bitcoin which was to efficiently transfer money over the internet with no control from central banks.
This is affecting the whole markets including the new ICOs and tokens. New ICOs and tokens are simply being invested in to sell once listed and gain whatever discount rate the ICO is offering. Most of the time these tokens are tied to the price volatility and movement of Bitcoin and Ethereum. INGOT Coin has been studying the market carefully in order to develop in ways that separated from Bitcoin and Ethereum as well as their price volatility
INGOT Coin intends to foster building an interconnected global community of trust and cooperation on which the basis of honesty and transparency between its members exist. INGOT is well on its way in making a breakthrough in Crypto & financial markets by presenting a revolutionary gateway towards an all-inclusive environment. The vision and aim of INGOT is to provide the community with real Utility value whether Bitcoin was at a new low or high. To achieve that aim INGOT has partnered with multiple ICOs in order to provide numerous Utilities with an access from one platform. INGOT also does not base their coin on Ethereum or Bitcoin but rather on USD value.
The ICOs are all in different industries from Health to Financial services and E-commerce to Real Estate. INGOT Coin, GMEX-Group, BolttCoin, Modern Finance Chain (MFChain), SwachhCoin, Black.Insure, PlaceToRent (PTRT), Bineuro and Stella have all formed a unified front under one alliance. The group of ICOs along with GMEX plan to establish a single platform that will allow all their communities to use their utilities simultaneously. Furthermore, plans of enabling different discounts among each one of the ICOs is being discussed in order to give edge to all participants.
Providing all those different Utilities through one gateway will provide true value to the tokens and the end users. In giving real utility to different tokens and access from one point it is clear that the latter will be the value of the tokens and not the price and volatility of Bitcoin and Ethereum.
Ahmed Khawanky CMO at INGOT Coin