Aug 8 2018
Whole Macroeconomics Coverage With Ingotcoin
The world of macroeconomics is always been a mess, as the transaction, brokerage, banking institution, to even the global monetary situation is always been shifting from one polar to another. The disruption in the world technology has brought a massive impact to the whole monetary transaction, and thus creating so many windows of possibilities that are very beneficial to the world today. The world has witnessed so many changes in the form of monetary transaction, be it the traditional and conventional methods of exchange, to the moneyless and paperless form of currency that has been ravaging the world of the economy today. Even there are so many forms of newer currencies, which are called the cryptocurrency that has brought so many changes in the monetary and economic realm. Those changes have been proved to be double-edged swords, which if are left unattended, they will bring chaos and disorder to the world.
The cryptocurrency that has been brought by the platform has proved to have changed the way of life significantly. The blockchain platform which mostly comes in the form of the disruptive oriented business platform has emerged and offered a new way of business and transaction for the people of the world. The transparency and the decentralized platform that has become the very nature of the world of blockchain has proved to be very effective and time-wise as they can be conducted and operated everywhere across the globe. There are so many business forms that have been birth by the world of the blockchain, from the simplest health care system to the housing mortgage platform.
But nevertheless, the world of cryptocurrency is far from over, and thus need to be improved. There are several issues that can be found in the world of cryptocurrency, which are:
- Lack of trust
This is very normal since the world of cryptocurrencies, or the token is very new and therefore making it very hard to be trusted. The value of one particular token is also very definitive to the community, making it very fragile in the broader scope of the economy. The society is also having a hard time to put the trust in the world of cryptocurrency since they are very fragile, diverse and doesn’t have a single bank to maintain the value of those tokens that have been circulated in the world today. And due to this lack of trust, therefore the people will find it very hard for the cryptocurrency to be used in a real and serious economic transaction. This situation needs to be changed otherwise the token will never earn their places in the world economy today.
- Impractical
The worst enemy of the token is the impracticability of the token usage. The token usage mostly used as the main transaction that occurred within the platform itself. Several transactions that are occurred within the platform could become in the form of paying for access, upgrading account, paying for services and so forth. The usage of the token outside the platform is barely visible, though several parties have tried to solve the issue by adding the third party merchants, or the mechanism to use the token for daily usage. But still the token nowadays are mostly used for investment and therefore the practical usage of the token is lacking and people tend to sell the token to gain the fiat currencies.
- Lack of inter-platform connection
The platform of blockchain is almost limitless, as there will be always more and more platform emerges on the internet and start offering their own token. those phenomena are very good for the growth of the economy, but the lack of connection between the platform will make them more and more separated and thus could potentially bring chaos if left unattended. The platform needs to be integrated, although without sacrificing the brilliant idea of the decentralized mechanism. The integration, in this case, is the coordination to form a better solution for the transaction and the token usage so that the user, which are the people of the world will start to gain the practical benefit and making the cryptocurrency gain the trust of the people.
- Market barrier
This issue is actually related to the lack of trust that has been plagued the cryptocurrency world from the beginning of the blockchain spread on the internet. There are several countries which are open handedly accept the existence of the cryptocurrency, but there are also many countries which banned the usage of cryptocurrency and making them completely isolated from the usage of the token as a whole. This is because the country such as middle eastern countries, China, and the even USA are very difficult to trust the cryptocurrency, as they are bringing so many disruptions to the whole economy and making instability for the country. In order for the token to be widely spread across the world, the platform needs to gain the trust of those countries and this removing the market barriers.
Cryptocurrency is without a doubt a very new world with a very new mechanism and methods of transaction. Surely the people will need to learn and adapt for the further usage of the token. but the world of cryptocurrency is also needed to be improved for an extended usage for the people, and to make the world trust the token and the blockchain more.
For further information concerning the overview of the blockchain platform, you can visit the web pages below.
https://bitcointalk.org/index.php?topic=3581009
The Solution For The Current Crypto Market: Ingotcoin
As we have seen so many issues that have been ravaged the world of cryptocurrency, the system needs the solution to solve all the remaining issues in order for the cryptocurrency world to be accepted widely. As so happens, the solution comes in the form of another blockchain platform which attempts to make them a bridge between all kind of token that has been circulated currently, and also integrating the token with a legitimate banking institution so that the token can gain more value and sense of security. The token, which is the primary thing for the blockchain need to be protected from the value degradation otherwise the entire system will start to collapse one after another. The integration of this platform with the banking institution will further strengthen the token foothold in the world of the macroeconomic.
The second issue that needs to be solved immediately is the scope of a transaction. As we have mentioned in the issues above, the usage of the token need to encompass a very large portion of the transaction to gain the status of practicability. The token need to be able to be used for any kind of transaction so that it can be used widely and by all kind of people. The token nowadays are very limited in scope and thus making the usage of the token very weak and impractical. This can be resolved by the increase of the scope of the token usage, and mass integration with the tradition and conventional market so that the token can be used for day to day transaction.
As so happens, the platform has created several solutions for the issues that have been mentioned above. Here are the solution offered with the ingotcoin platform for the world of cryptocurrency.
- Token wallet
The token wallet is the places for the platform to store their token for further usage or simply just for storing it. The token wallet is a great idea and a very secure place to store the token, but as it happens, the main issue of the wallet is their inability of the token wallet holder to store more than a type of token at once. Many platforms will exclusively use the token wallet for one particular type of token and thus make the wallet less efficient. The wallet must be able to store multiple token types so that the transaction for the whole token can be very easy, and the token exchange can also be conducted faster and better too.
- IC exchange
The coin exchange is very critical for the platform used as the token need to be exchanged in a proper manner and in the right places. Usually, the token holder will visit the third party platform to exchange the money to the token or vice versa, or from one token to another. That is time-consuming and less efficient, as they cannot do it instantaneously in their own wallet. Having the ingotcoin platform is just like having a walking money changer, as you can easily change your token in very simple steps, which can be very beneficial as the world of cryptocurrency heavily relies on the speed of transaction.
- Brokerage
This is what makes the platform interesting, as the platform shows the prices of several important goods, such as the foods, the material, and so forth all over the world. After you use the brokerage features, you can purchase those goods using the tokens and you can re-sell the goods for the better prices, as that how the brokerage goes. The brokerage features also will allow the investor to access the prices and the market demand easily and faster as the platform employs the real-time services in their platform. Using the brokerage features, you can easily access the goods that can be brokered and purchased using your token only.
- IC digital bank
Even though this won’t work s the central bank in the USA, this bank will provide the bride for the heavy token transaction such as the brokerage transaction and the goods purchases using the tokens. the digital bank will serve as the middle parties which will legitimize the purchase and ensure that the value has been met by both of the parties. the bank will also track the purchasing record so that the future can be settled peacefully as brokerage world is very prone to any form of conflicts. The remittance speed and the fees that will be involved in that bank is very cheap and efficient, meaning that the user will be able to use the bank as fast as they can, and with the lowest fees possible.
For further information regarding the features of the platform, you may refer to the web pages below.
https://www.ingotcoin.io/documents/en/white-paper.pdf
https://www.facebook.com/ICOINGOT/
The initial coin offering
The ICO, or usually referred to the token sale also happen in the ingotcoin as this platform is based on the cryptocurrency and blockchain platform. To acquire the token, one must follow the token sale of the ICO, as the token will only be distributed there. No more token will be created outside for the sale, and any token which is left unsold will be burned and destroyed.
There are only two types of sale that are being implemented in the platform, which are the pre-sale and the public sale. The pre-sale is already over since it has started around may and end in June and the bonuses for the pre-sale is around 35-25% which will decline 5% per week. As the public sale, the platform applies a huge variant of bonuses ranging from 25 to 0% of the bonus, and start on July the 1st to 15th August. The bonus, just like the pre-sale bonus wills gradually declining by 5% per week.
There is no the soft and hard cap per sale, as those caps apply generally to all kind of sales. it means that if the hard cap has been reached in the pre-sale, the wholesale will be automatically canceled for good. The soft cap of the sale will be 37million USD worth ingotcoin token and the hard cap will be around 90 million USD. As the token usage, you can use the token for any kind of transaction, from purchasing goods in the brokerage, certifier, or simply exchanging it in the IC exchange. The usage of the token is quite wide and various and therefore you can find the token usage very practical. As always, you can also vest the token for a number period of time, and then exchange it to obtain the fiat currencies.
For further information concerning the token usage and token sale, you may refer to the web pages below.
Posted by kurniawan05
https://bitcointalk.org/index.php?action=profile;u=1187741
Aug 12 2018
Solving Monetary Issues With Traxion
The monetary problem of the world seems endless and impending. We see a quarter of the world population thrives with so many indulge including the extensive banking system, easiness in the monetary transaction, and the abundance of the platform that support it. The rate of corruption, which is the primary disturbance in the flow of cash, is also low so that the financial health is excellent. But we see half of the world population are suffering since the banking system does not entirely cover the whole community, making the people relies on the conventional and high-risk kind of transaction. Therefore the operation is tedious and time-consuming, making the economic growth very slow, and the social changes stagnate. This kind of issue needs to be balanced out otherwise the situation won’t change at all. The location is also worsened due to the massive centralization of monetary market, making the majority of the people are having so many difficulties in having access to the portion of the money that circulates in the center, to put it just a loan.
A loan are supposed to become one of the tangible solutions to make encourage the economy of the people and thus creating a new job field and stimulating the growth of the economy, and further is decreasing the poverty and eventually end it. But ironically, since the poor people are not having some degree of access to the service of the banks, making them very hard and restricted in gaining some access to the loan, and therefore they are unable to change their situation. This is also worsened by the high rate of corruption that infests the local and central government making the aid of the government are not fully distributed among the needful and making the poor people are more prone to any financial crisis. The Southeast Asian nation and the eastern European nations are perhaps the best examples for such a crisis. These nations suffer several degrees of poverty while no obvious solution is to be seen.
The issue concerning the monetary situation can be summed up in several points, they are:
1. Corruption
Corruption deals the most devastating damage to the whole economic situation since the crime can cut the money out of the people and make several aids are not distributed evenly. That makes the disaster more impending since the poor will be left behind and making the prosperity gap wider. The counter corruption task force in some countries such as Indonesia has been successfully diminishing the number of the corruption by arresting a large number of politician who conducted the corruption, but the number alone tells us that the case of corruption in Indonesia is far from over, and more people are still suffering and fighting for a living.
2. Adoption of technology
Many western countries such as the west of European and the USA were perhaps not seeing this as a vital issue of the people, but in the south-east Asian nations, this is indeed the major problems that hamper the progress and growth of the economy. The technology is the key to alleviate several issues such as the centralization of business and flow of cash, the transparency, the expansion of the market and so forth, but the lack of technological adoption in several areas are forcing the people to conduct their business and governmental affairs in the old fashioned way. That is sure renders the communication almost disabled and thus making it very ineffective and inefficient. The tech needs to be adopted to open up some new possibility and therefore to make the society can progress to a better way and situation since the tech often provides a new direction and perspective to see the problems ahead.
3. Trust
There are severe trust issues in the south-east Asian nations against the bank since the bank is said to be evil corporations that seek only profits and subjugate poor people. That sentiment is entirely political since it is not entirely accurate. Relying on the bank in several degrees is quite a good choice since the bank will make any transaction more comfortable and faster. The transaction that concerns the business owner could come in the supply and any things that are ultimately easier to be conducted via bank transfer since it is not very wise to carry million in the form of paper and strolling the street. The bank needs to be trusted since it is the only way people can have the smooth transaction and therefore igniting the economy of the people. The bank also provides safety and security for your capital, and it is the more perspective way of saving compared to the old fashion piggy bank that is quite popular centuries ago.
4. Paradigm
The whole issues actually can be summed up in this point, which is the paradigm. Be it, businessman or politician, the paradigm concerning the transparency in any transaction, or the usage of money is required to create a better situation for the whole nations. The people also need to have some degree of curiosity concerning the usage of the new tech to alleviate and changes how people do things. This is what is lacking in the third world countries, and therefore some platform is required to penetrate the market and changes It radically.
The radical changes can only be ignited by the third parties organization that encourages the changes to the society and the government. Fortunately, there is a new emerging platform that is prominent to address several issues above. Maybe not to solve all of them since it will take times, but to alleviate the situation so that the economy can grow and the prosperity can be better for the whole people.
To know more concerning the monetary issues of the world, you can access several links below.
https://traxion.tech/
https://www.facebook.com/Traxion.tech/
Moving Towards the Future with Traxion
The world now undergoes some radical changes due to the introduction of new tech and utility that has not ever known before. The world of monetarily related businesses is growing more and more decentralized and thus making several new possibilities in the business realm. The transfer and relay of the information are instantaneously making the business can grow in multiple places and the lowest cost possible, and that is the blockchain. The blockchain is the series of links, as the name suggests, of the system that connects one platform after another, making it very decentralized and directs. The blockchain system is heavily used nowadays in the forms of various cryptocurrency platforms. The crypto platform is growing intensely nowadays since the tech of the blockchain is getting stronger each day, and through the blockchain, traction is born.
Unlike the other crypto platform that seeks to disrupt one particular business field such as the domination of Getty images in the world of photography, the domination of the country in the world of research and paper publishing and so forth, the traction is different. It seeks to disrupt the whole monetary realms, from its core, from the transaction, the form, and up to the currency. This is a serious business indeed, and therefore involving so many experts on this particular fields to support the creation of traction. Traxion now is filled with so many experts in the financial sectors department, to the crypto experts that will provide a stable platform for the people to rely upon. As general, there are several purposes of traction.
1. Encompassing all kind of transaction
In the world of economy, transaction act like a blood vein, and thus the faster it is, the better. But unfortunately, the speeds of the transaction nowadays are insufficient due to the complexity of the laws that have been imposed by the government, and the infrastructure that supports the transaction merely is lacking. There are a lot of grounds to cover by the platform, but the simplest way is to introduce the platform to the business owner, and start to integrate the communities so that the transaction, be It the fiat or cryptocurrencies are accepted and thus accelerating the transaction and opening up new possibilities. The platform seeks to introduce this service to the massive amount of small business owner so that they are integrated to the services and makes them easier to grow their business.
2. Cutting the cost of the transaction
The transaction that is occurred in many south-east Asian nations has the staggering amount of cost that is genuinely limiting the ability of the small business owner to conduct the proper and fast transaction and thus hampering the progress of the economy. This is due to the improper banking policies that are imposed and therefore need to be resolved as fast as they can. The cost of the transaction, using the traction will be severely cut since the platform will optimize the blockchain ecosystem to conduct such a transaction. As the fields have already proved that the transaction cost can be significantly reduced using the blockchain, so this platform convinced that the transaction cost can be reduced.
3. Accelerating flow of cash
The flow of cash, which is once again is in the domain of the transaction are very important in the realm of economy, as the speed is everything if we are already taking the business. The rate of the transaction can be significantly faster using this platform since the platform will connect several businesses and the market so that they can conduct the trade faster. A lot of platforms has been successfully cut the length of the transaction by providing the necessary means to increase the speed of the transaction, and this platform will do more since the market of the platform is wider.
4. Bridging the crypto and fiat currencies
This is the most demanding work that is faced by the platform since the platform has laid out the most ambitious crossover between the fiat and cryptocurrencies. No banks or even the platform has even tried to cross the line and thus making this platform the first one to attempt the integration between the fiat and the cryptocurrencies. The platform will allow the fiat and the crypto to be used In all form of transaction, to all forms of business, anywhere in the world.
For further information concerning the platform goals, you can check the website below.
https://traxion.tech/documents/Traxion%20Whitepaper.pdf
https://bitcointalk.org/index.php?topic=3043553.
The Token Sale of The Platform
And just like any other crypto platform, this one too has the token that they sell. There two types of the sale that is now ongoing within the platform, which is the pre-sales and the crowd sales.
1. Pre-sales
Pre-sales still occurs, but unfortunately, they did not announce the end of the pre-sale just yet. What we do know is the cap is almost reached, which is 40 million Traxion token. The pre-sale will have the consecutive 40% to 10% bonuses that will decline 10% per week.
2. Crowd sale
As for the crowd sale, there will be up to 6 weeks sale period and will have about 200 million Traxion token available for the sale. The crowd sale will have no bonuses. For the crowd sale, the base value for the token is around 0.0007 ETH per token.
As for the total token that is ready to be distributed for sale is around 250 million Traxion token, equivalents to 45 million dollars. And for the people who want to join the sale, they need to spend at least 0.50 ETH or about 500 TXN token. The token mostly will be used to conduct the internal transaction that exists in the platform, or conducting the transaction outside the platform, or invest it for future use.
This prominent platform is quite active In building several cooperation with many platforms such as Reddit, seacoop, IBM, etc. to fulfill their promise which is to integrate the whole financial world, be it the fiat and the crypto alike, so that the people will be more comfortable to conduct the transaction with their money, no matter how far it is. The scope of the platform need to cover as wide as they can so that the people can enjoy the services of traxion, no matter what services or products that they want to purchase.
For the token sale, you can refer to the links below.
https://traxion.tech/
http://t.me/TraxionICO
https://www.facebook.com/Traxion.tech/
Posted by kurniawan05
https://bitcointalk.org/index.php?action=profile;u=1187741
By admin • Blockchain Technology • Tags: business owner, Indonesia, information, market, money, poverty, service, small business, technology, Traxion