Is this coordinated with the exchanges themselves? How can you provide an insurance when Exchanges reserve the option to terminate a deposit address at any given time and without notice. Also, how does one see their wallet balance on the exchange if we send it to an address you control? Maybe I'm missing something...
No it's no coordination with them. Basically people do insurance at ther own
For example -
you trading at Exchange1 your deposit is 100 worth in coins
you know that our deposit increase is up to x50
then take 2% of your deposit on Exchange1 in our coins send to address dedicated to Exchange1, and if they fail we increase your coins up to x50 and send them back to you. If exchange rate doesn't change. It will be full refund. However if another exchange fails - it may cause your 2% deposit will be used to pay for them.
Please don't hurry, we will announce this info..