A client pays insurance in the amount of 0.1 Bitcoin for the deposit in the amount of 3 Bitcoins. If the price decreases by 15% within 3 days, he gets the right to get the insurance in the amount of the deposit fall – 0.45 Bitcoins. In case of the insurance event, CRYPTOCOIN INSURANCE pays the client the insurance from the previously obtained insurances. If there has been no insurance event, the insurance paid by the client will be the company’s income.
Cryptocoin Insurance (CCIN) ICO Information
|Name||Cryptocoin Insurance : The first option exchange with the possibility of insuring deposits against fall|
|Token Price||1 CCIN = 0.00066667 ETH|
|Token for Sale||75,000,000 CCIN (75%)|
|Token Sale Date||11/01/2018 - 12/27/2018|
|Token Sale Closes [ ] from now|
Cryptocoin Insurance is an option exchange with the possibility of insuring deposits against fall. Cryptocoin Insurance allows you to insure price falls or growth risks for major cryptocurrencies.
Options are a financial derivative sold by an option writer to an option buyer. The contract offers the buyer the right, but not the obligation, to buy (call option) or sell (put option) the underlying asset at an agreed-upon price during a certain period of time or on a specific date. The agreed upon price is called the strike price. There are many option types. One options can be exercised any time before the expiration date of the option, while other options can only be exercised on the expiration date (exercise date). Exercising means utilizing the right to buy or the sell the underlying security.
Sound so difficult! That’s why this project is divided in two parts: option exchange and insurance company.
- Traders and hedge funds conclude deals on purchase and sale of stock options
- Other clients, who don’t want to know how option works can purchase insurance for growing or fall of the main cryptocurrencies.
Creating the concept of insuring movements of the cryptocurrency market and the CRYPTOCOIN INSURANCE option exchange
Forming the project team
Market research, defining competitive advantages
Starting to prepare for ICO
Listing CCIN tokens and listing on cryptocurrency exchanges
Launch of the option exchange with 5 cryptocurrencies
Beginning of selling insurance for the market growth/fall
First redemption of tokens from the market and burning them
Adding 3 new cryptocurrencies
Daily turnover of 10 million dollars.
Adding 2 cryptocurrencies (10 in total) to the exchange
Daily turnover in the amount of $50 million
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|Author : asrinur||Bitcointalk|
ETH (ERC-20) Address: 0x86Ad36da59310683CfE8C2c66e798D2e636413fF
Bitcoin Address: 16DcB1iCq9rQ4PKQZUU8XhNcQ5qRCPmGsZ