Website

Global Risk Exchange (RISK)

ICO

Published: Jul 23, 2018

Global Risk Exchange (or “GRE”) is a blockchain-based, decentralized and open global risk exchange market, with the purpose of helping individuals, companies and organizations to easily trade or hedge their risks. With RISK tokens, users can simply use our app or hyperlinks to trade various kinds of risk management contracts such as Altcoins price movements, weather conditions, credit quality of all public traded bonds, commodity prices and so on.

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Overview

Project industry	Trading & Investing
Product type	App
Whitepaper	Open

What is Global Risk Exchange

The GREF platform leverages a decentralized order matching engine to facilitate risk management contracts.

GREF users could make suggestions to new HIs and use HI Editors to upload new HI Candidates. At the same time, they should also give stable, timely and verifiable data source or oracles.

Every HI Candidate submitted will be reviewed by GRE team or volunteers and contributors who has passed the review process will be reward by RISK tokens.

There are two ways to trade the risk management contract: paying premium and buying capacity. GREF users chooses to pay premium when they have risks that they want to hedge and when that risk actually happens in the future, they will receive the claim to cover their losses; users can also choose to buy capacity, if the risk does not happen before the expiration of the contract, users will receive the premiums.

Details

Public sales: May 20, 2018 - May 24, 2018
Token supply: 4,000,000,000
Raised: 3,858,500 USD

Legal

Registration country: Japan

Token info

Ticker: RISK
Type: Utility-token
Accepted currencies: ETH
Token distribution:
40% - Token Sale
10% - Foundation Management Fund
30% - Community Development Fund
20% - Team Member
Funds allocation:
40% - Core Development
10% - Security
15% - Operation
15% - Marketing and PR
5% - Legal and Compliance

Global Risk Exchange Roadmap

Q1 2018

GRE-Core development
. Centralized Oracle development
. Demo of GRE App development
. Demo version of App-server development.

Q2 2018

HI editor development. Mobile wallet development. Official App development. Continue GRE-Core and Oracle development

Q3 2018

Development of Alpha Edition. Provide API & SDK. Security audit. GRE test running.

Q4 2018

Basic RDHI library content production. KYC related development. Security audit. Complete migration to public chain. Formal operation of the GRE primary market.

Q1 2019

Development of secondary market editor. Content production of secondary market base. Secondary market security audit. Complete development of the Alpha version of secondary market.