Inchain (INC)

Inchain (INC) widget

ICO date: 25.10.2016 - 22.11.2016
Industry: Insurance
Description:

A decentralised insurance platform that mitigates risks associated with total or partial losses of crypto assets due to cyber attacks and hacks

Features:

- Mitigates risks associated with total or partial losses of crypto assets due to cyber attacks and hacks - Transfers risks to investors by issuing insurance­-linked bonds. Investors take on the underlying risks and receive coupons as rewards - The insurance funds are managed by token holders, who choose investment strategies through voting. Investment returns are spent on bond coupons and then dividends are paid to token holders

Founded: Russian Federation
Technical details:

Inchain is a decentralised insurance platform based on Ethereum smart contracts. Inchain tokens are a type of DAO token which does allow you to take some ownership and control of Inchain. Token holders will be eligible to receive dividends, vote and take part in Inchain’s management. Having a DAO as an investment management vehicle lines up with the decentralised nature of the blockchain. This approach provides both transparency and full control over Insurance funds by Inchain token holders. Of course, insurance terms such as duration and risks may vary and the smart contracts would be adjustable for different cases. Inchain proposes offering different templates for smart contracts designed for the most widespread cases. The templates will also be open sourced and their number will increase. The policyholder receives an Ethereum smart contract, which contains all the terms and conditions of the policy. In order to define coupon rates, every bond will be ranked. Inchain develops an adjustable risk-scoring system for wallets and exchanges. The most important features of Inchain are: - Decentralisation and Ethereum smart-contracts - Decentralised insurance to mitigate crypto-economy risks - Insurance-based bonds (tokens) as investment instruments - DAO-like principles for managing investment portfolios their approach Ethereum smart contracts are accountable for: - Insurance policies and premiums - Managing insurance-based bonds - Maintaining a balance in the interests of stakeholders - Monitoring insurance claims through specific oracles - Coupon repayment - Insurance claim payouts

Website: ico.inchain.io
Whitepaper: Whitepaper

Rating Review and Analytics

Investment rating
Risky not active 459 days
Hype score
NA
Risk score
NA

Post-ICO

We are holding a vote to perform an Post-ICO Rating on one project chosen by our readers. If you're a current tokenholder, you can take part in the vote after completing a KYC procedure and we will deliver this results directly to the project team with 100% guarantee. We will motivate the startup to release a Post-ICO Rating audit to inform their investors about the results of their work after their ICO.

Post-ICO Rating


1
Upvote 0
Inchain Rating Review
26.10.2016
The ICORating Agency rates the Inchain Project at Risky.

Other projects

Startup name Start-end ICO Hype Score Risk Score Rating Industry
Fynance (FYG) 23.01.2018 - 29.06.2018
Insurance
Bitrust (BTF) 02.04.2018 - 31.05.2018
Insurance
B.SURE (BST) 15.05.2018 - 15.06.2018
Insurance
Asset Management
Kasko2go (K2G) 28.05.2018 - 30.07.2018
Transport
Insurance

See also