 | Inchain (INC)ICO A decentralised insurance platform that mitigates risks associated with total or partial losses of crypto assets due to cyber attacks and hacks IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenTechnical details
Inchain is a decentralised insurance platform based on Ethereum smart contracts. Inchain tokens are a type of DAO token which does allow you to take some ownership and control of Inchain. Token holders will be eligible to receive dividends, vote and take part in Inchain’s management. Having a DAO as an investment management vehicle lines up with the decentralised nature of the blockchain. This approach provides both transparency and full control over Insurance funds by Inchain token holders. Of course, insurance terms such as duration and risks may vary and the smart contracts would be adjustable for different cases. Inchain proposes offering different templates for smart contracts designed for the most widespread cases. The templates will also be open sourced and their number will increase. The policyholder receives an Ethereum smart contract, which contains all the terms and conditions of the policy. In order to define coupon rates, every bond will be ranked. Inchain develops an adjustable risk-scoring system for wallets and exchanges. The most important features of Inchain are: - Decentralisation and Ethereum smart-contracts - Decentralised insurance to mitigate crypto-economy risks - Insurance-based bonds (tokens) as investment instruments - DAO-like principles for managing investment portfolios their approach Ethereum smart contracts are accountable for: - Insurance policies and premiums - Managing insurance-based bonds - Maintaining a balance in the interests of stakeholders - Monitoring insurance claims through specific oracles - Coupon repayment - Insurance claim payouts
What is Inchain
- Mitigates risks associated with total or partial losses of crypto assets due to cyber attacks and hacks - Transfers risks to investors by issuing insurance-linked bonds. Investors take on the underlying risks and receive coupons as rewards - The insurance funds are managed by token holders, who choose investment strategies through voting. Investment returns are spent on bond coupons and then dividends are paid to token holders
DetailsPublic sales: Oct 25, 2016 - Nov 22, 2016LegalRegistration country: Russian Federation | Token infoTicker: INCToken price in USD: 1 INC = 0.1 USD Accepted currencies: BTC, ETH Token distribution: Distribution: 100 million in total, 85 million distributed to users, 15 million for core activities. - 1 million for preICO and postICO bounties; - 5 million for strategic partners, consulting and auditing; - 9 million for the development team; |
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