Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ICO] Inchain - insurance for the crypto economy
by
ttg43
on 12/10/2016, 14:12:47 UTC
I think they should have insured exchanges, those are at the highest risk.
With about 1/3 of all exchanges suffering hacks before, and customers losing funds, they are in dire need of insurance.

Some statistic here: https://magoo.github.io/Blockchain-Graveyard/

Bittrex never been hacked, damn very secure exchange. Grin  Let's it inchain on their site first.  Grin

---------Inchain:
Hi,
Nice to meet you.
I'm a founder of crypto insurance startup called Inchain. We allow users of exchanges and wallets to insure their accounts against hacker attacks.
We're seeking to establish partnership with you.
Currently we are at the stage of fundraising through ICO and offering you to join our media campaign.
We are generating a lot of buzz in media with our press releases and will be happy to mention you as one of the companies who have agreed to participate in pilot program. In exchange we're asking you to publish our press release in your blog and social media.
---------Exchange:
What would the pilot program look like? I'm not sure how this would work.
---------Inchain:
We intend to offer to Exchange customers to insure their risks of losses if (excuse me but) Exchange will be hacked.
---------Exchange:
You can see why we wouldn't market or endorse this, right? Smiley We would be telling our customers they should worry about security.
---------Inchain:
Insurance - it's the next level of your security. Almost every exchange was hacked. Look at Bitfinex for example. If exchange's customer can insure their risks - it is better for them or not?
---------Exchange:
There is a difference between the insurance I would buy that would cover the whole exchange vs. marketing that individual users purchase insurance against their accounts. One is part of our overall security strategy and risk management posture for our users, the other would convey a lack of confidence in our ability to protect our users. We would not do the latter.
If you have a trading token, we'd certainly work with you on that but we aren't going to directly market your product to our users.
So that was bittrex's answer?