Re: [ANN] [ICO] Inchain - insurance for the crypto economy
Some questions for InChain team:
- What events are you going to insure in bitsquare.io? This is decentralized exchange.
From their whitepaper:
- What events are you going to insure in bitsquare.io? This is decentralized exchange.
From their whitepaper:
Quote
Bitsquare holds these values in every aspect of the project:
- Infrastructure (P2P network there are no servers)
- Never hold users funds (neither bitcoins nor fiat)
- Never hold users data (no account registration)
- Infrastructure (P2P network there are no servers)
- Never hold users funds (neither bitcoins nor fiat)
- Never hold users data (no account registration)
We still don't analyse the decentralised exchanges. I can say nothing about their risks.
So you did not analyze the exchanges you have selected to insure? Are you serious?
Table from your financial plan. Check the fourth line.
By the way, Coinbase (first line from the above table) wallets are insured already.
Quote
Coinbase is insured against theft and electronic compromise in an amount that exceeds the average value of bitcoin and ether it holds online at any given time. Specifically, Coinbase's insurance policy would respond to losses resulting from a breach of our physical security, cyber security, or as a result of employee theft.
Coinbase has held this insurance since November 2013 with highly rated carriers (S&P rating of A+ or A.M. Best Rating of A XV or higher).
Coinbase has held this insurance since November 2013 with highly rated carriers (S&P rating of A+ or A.M. Best Rating of A XV or higher).