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INGOT News: Komorebi Alliance Detaching from Ethereum & Price Volatility by@khawanks

INGOT News: Komorebi Alliance Detaching from Ethereum & Price Volatility

Ahmed Khawanky HackerNoon profile picture

Ahmed Khawanky

Chief Marketing Officer

Komorebi is a Japanese untranslatable word; which eloquently captures the effect of sunlight streaming through the leaves of the trees. INGOT Coin is pleased to announce the formation of a new alliance, Komorebi.

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 are separated from Bitcoin and Ethereum as well as their price volatility

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 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.

The Alliance believes that by bringing together different ICOs from different industries such as health, insurance, financial services, E-commerce and real estate, and combining the different existing Utility Functions a new meaning to Utility will be created.

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? All partners in the alliance will work together to create one user friendly and up-to-date platform providing access to their tokens and utilities.

INGOT Coin is about building an interconnected global community of trust and cooperation — the basis of which is honesty and transparency between its members. At INGOT, we believe that it is the right of all people to seize control of their lives; whether personally, socially, or financially. We are on our way in making a breakthrough in financial markets by presenting a revolutionary gateway towards an all-inclusive environment.

Hirander Misra, Chairman and CEO of GMEX Group commented “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.”