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Topic: [ANN] [ICO CLOSED] Inchain - insurance for the crypto economy - page 88. (Read 109154 times)

full member
Activity: 140
Merit: 100
Full stack ICO tools & services
Any news about today's hangouts conversation? Smiley

Yes, I already understood how to configure Hangouts. For now I find how to schedule it. The link will be very soon.
full member
Activity: 518
Merit: 100
Any news about today's hangouts conversation? Smiley
full member
Activity: 140
Merit: 100
Full stack ICO tools & services
Hi, OP why there is only a link, no initial post count and my name&rank on your doc?   Huh Am I enrolled?

I suggest it's because you was added after Saturday, we check the campaigns every Saturday.
full member
Activity: 129
Merit: 100
Hi, OP why there is only a link, no initial post count and my name&rank on your doc?   Huh Am I enrolled?
full member
Activity: 140
Merit: 100
Full stack ICO tools & services
Hello applied for the sig camp registered in google form

Initial Post : 311
Profile : https://bitcointalksearch.org/user/puremage111-192486
Rank : full Member

Thanks and good luck in projects!

Thank you)
hero member
Activity: 1568
Merit: 511
Hello applied for the sig camp registered in google form

Initial Post : 311
Profile : https://bitcointalksearch.org/user/puremage111-192486
Rank : full Member

Thanks and good luck in projects!
full member
Activity: 140
Merit: 100
Full stack ICO tools & services
Guys, who participate in the signature campaign and have "Member" and "Full member" status please update the signature because we changed a link in it from PRE ANN post to ANN.

Thank you.
sr. member
Activity: 602
Merit: 250
What is the progress on partner (exchange) recruitment?

We sent to 21 most popular exchanges our info, only 2 response for now. We continue to invite them into Inchain partnership.

Successful ICO first, if many investor exchanges is easy Smiley
full member
Activity: 140
Merit: 100
Full stack ICO tools & services
What is the progress on partner (exchange) recruitment?

We sent to 21 most popular exchanges our info, only 2 response for now. We continue to invite them into Inchain partnership.
sr. member
Activity: 434
Merit: 250
What is the progress on partner (exchange) recruitment?
sr. member
Activity: 1492
Merit: 269
but not easy to get poloniex,  Smiley do not know how polo to assess a person's Roll Eyes
full member
Activity: 140
Merit: 100
Full stack ICO tools & services
2) What would prevent somebody to create an exchange, keep it running for some time to make it "legit" in Inchain point of view, and then put all his coins on the its own exchange with many different accounts, take Inchain insurance, scam/close his exchanges ( he also necessarly still have his coins) and then ask Inchain for his compensation with each account?
There will be a limit to how much Inchain will insure each exchange for.
Not sure if it can be prevented but it will limit the damage that can be done.

Considering the amount of work that will need to be put in to such a scam vs. the payout, I doubt it will be a very common scam. Also with KYC it will be much easier to open and exchange and steal peoples money that way without trying to do insurance fraud aswell.

The question isn't "is it a common scam or not?".

A single scam, well planed, well done, can break the balance of the project.

Just see the scams on this forum, there are some largely obvious, and some others where we can see the scammer did the job greatly. I am BTW sure there are a few serial scammers who live from scamming others, it's their job.
Those people won't hesitate to work on a complex rubbish to have large benefits.


To scammers: Fuck you bitches.

My main point was that if it happens it shouldnt break the balance as the amount insured would only be a small part of Ínchains funds.

And considering it might be a years work (or more) to gain a few hundred BTC its still a pretty bad scam compaired to an "easy" ICO scam.

Then what if POLO or shittrex owners decide to scam?

We believe it is too complicated for scammers/hackers. First of all, we will be selecting the platform very carefully. Secondly, we will not have a large exposure to one exchange (as we showed in our fin model it is only 1/12 of the total risks, in reality we plan to have even less share, 1/20 for example).

I only trust poloniex, big exchanges like mintpal, cryptsy, mtgox turned out to be scams, so theoretically, no platform is trustful.

Sure
sr. member
Activity: 280
Merit: 250
2) What would prevent somebody to create an exchange, keep it running for some time to make it "legit" in Inchain point of view, and then put all his coins on the its own exchange with many different accounts, take Inchain insurance, scam/close his exchanges ( he also necessarly still have his coins) and then ask Inchain for his compensation with each account?
There will be a limit to how much Inchain will insure each exchange for.
Not sure if it can be prevented but it will limit the damage that can be done.

Considering the amount of work that will need to be put in to such a scam vs. the payout, I doubt it will be a very common scam. Also with KYC it will be much easier to open and exchange and steal peoples money that way without trying to do insurance fraud aswell.

The question isn't "is it a common scam or not?".

A single scam, well planed, well done, can break the balance of the project.

Just see the scams on this forum, there are some largely obvious, and some others where we can see the scammer did the job greatly. I am BTW sure there are a few serial scammers who live from scamming others, it's their job.
Those people won't hesitate to work on a complex rubbish to have large benefits.


To scammers: Fuck you bitches.

My main point was that if it happens it shouldnt break the balance as the amount insured would only be a small part of Ínchains funds.

And considering it might be a years work (or more) to gain a few hundred BTC its still a pretty bad scam compaired to an "easy" ICO scam.

Then what if POLO or shittrex owners decide to scam?

We believe it is too complicated for scammers/hackers. First of all, we will be selecting the platform very carefully. Secondly, we will not have a large exposure to one exchange (as we showed in our fin model it is only 1/12 of the total risks, in reality we plan to have even less share, 1/20 for example).

I only trust poloniex, big exchanges like mintpal, cryptsy, mtgox turned out to be scams, so theoretically, no platform is trustful.
hero member
Activity: 658
Merit: 500
Signature campaign still avaiable/open?
I want to joined on sign camp.

Thanks!
If I remember the terms correct it should still be open. Just remember to register your participation using the link in the blog post.
sr. member
Activity: 616
Merit: 250
Signature campaign still avaiable/open?
I want to joined on sign camp.

Thanks!
sr. member
Activity: 453
Merit: 250
We are in progress of discussion KYC with our legal advisor. It is a good tool to prevent some types of fraud. But, it also may scare a lot of crypto economy members who care about their anonymity.
So KYC discussion in progress, welcome)
Of course is KYC a PITA that costs money. It may be a necessity for some business models but if you guys can design a business where KYC is irrelevant, that is a relevant market share also.
member
Activity: 87
Merit: 10
2) What would prevent somebody to create an exchange, keep it running for some time to make it "legit" in Inchain point of view, and then put all his coins on the its own exchange with many different accounts, take Inchain insurance, scam/close his exchanges ( he also necessarly still have his coins) and then ask Inchain for his compensation with each account?
There will be a limit to how much Inchain will insure each exchange for.
Not sure if it can be prevented but it will limit the damage that can be done.

Considering the amount of work that will need to be put in to such a scam vs. the payout, I doubt it will be a very common scam. Also with KYC it will be much easier to open and exchange and steal peoples money that way without trying to do insurance fraud aswell.

The question isn't "is it a common scam or not?".

A single scam, well planed, well done, can break the balance of the project.

Just see the scams on this forum, there are some largely obvious, and some others where we can see the scammer did the job greatly. I am BTW sure there are a few serial scammers who live from scamming others, it's their job.
Those people won't hesitate to work on a complex rubbish to have large benefits.


To scammers: Fuck you bitches.

My main point was that if it happens it shouldnt break the balance as the amount insured would only be a small part of Ínchains funds.

And considering it might be a years work (or more) to gain a few hundred BTC its still a pretty bad scam compaired to an "easy" ICO scam.

Then what if POLO or shittrex owners decide to scam?

We believe it is too complicated for scammers/hackers. First of all, we will be selecting the platform very carefully. Secondly, we will not have a large exposure to one exchange (as we showed in our fin model it is only 1/12 of the total risks, in reality we plan to have even less share, 1/20 for example).
member
Activity: 87
Merit: 10
Gentlemen, will this be an Ethereum Smart Contract based ICO  (like Firstblood.io) what would mean the primary investment money is Ether or will you base the ICO at BTC like Incent for example. Thank you for your feedback.

Hi
We will be accepting both BTC and ETH.

This is the link to pour github
https://github.com/Inchain/ethereum
hero member
Activity: 1069
Merit: 682
Gentlemen, will this be an Ethereum Smart Contract based ICO  (like Firstblood.io) what would mean the primary investment money is Ether or will you base the ICO at BTC like Incent for example. Thank you for your feedback.
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