I initially liked the project, but can't get over the fact that the 1.75 million funds can run out pretty quickly if there are suddenly lots of exchange hacks. Are you only ensuring against the large exchanges or also the small ones?
There are several criterias that will be applied to exchanges and web-wallets. So not every service will be insuared by Inchain.
Yes, we intend to rate every exchange and depends on their risk rating they can or can not be insured by Inchain.
This info will be public. Some evident criteria for rating:
- How long the service is operational
- If it was compromised previously
- Security audit results
- Multi-Sig & Hot Wallets/ 2Factor