Re: [ANN][ICO] 💠 I-CHAIN 💠 Insurance Platform and Ecosystem 🔥
Totally achievable Softcap is 100K ETH.
I get it insurance is definitely a good business to be with, I even want to have some of its token I just am not sure if the guys can cornet the market for the token because there are already some existing project like this one. I've read about SURETY IA project and it was successful I believe but I think that was just for Asians.
Unfortunately Russian government (and almost any government) is very conservative and do not fund blockchain projects :-). So we are funded by private investor, not a secret, see our site.
In near future new private investors will join.
We built platform which will allow anyone quickly create own insurance product and act as insurance company, platform will cover not only IT/business processes/sales but legal/licensing needs. And most %% of budget is needed for that (legal/licensing). If we analyze budget to setup insurance company, we will see that licensing is 80-90% of it.
Based on insurance industry size (4 trnl/yearly), 500K ETH is not huge amount in view of such platform setup. Even if we say that platform will occupy 1% of insurance market - 2 bln/yearly, the budget to setup it will look moderate.