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Topic: [ANN][UMC] Unity Matrix Commons - Democratized Risk Management - page 25. (Read 65506 times)

newbie
Activity: 48
Merit: 0

Very upgraded project, I want to join soon, hope be a very profitable project, good luck
legendary
Activity: 2632
Merit: 1094
member
Activity: 70
Merit: 10
Hey looking out for this project! It looks very promising.
member
Activity: 70
Merit: 10

Thanks for the Response,
Im also curious what kind of rewards there will be for voters?

There will be small payouts in UMC to incentivize voters to take part in community votes. We're going to cap the incentives per day to avoid any possible abuse.

In some other news, we're working on a redesign of our website and a few videos explaining the product. Hopefully these will launch within the week.

Thanks for your support!



Sounds really good UMC thanks for answering my questions,
The new website looks great and I look forward to watching this grow.
full member
Activity: 140
Merit: 100

Recently, ICOs of InsureX and Coindash have been hacked, due to the lack of security in their ICO websites. Devs of Opus should definitely invest in improving the security of the ICO website to prevent the potential loss induced by hacking.


I looked into this and it looks like both of those ICOs were managed by tokenmarket.net. It looks like the UMC devs are managing their own ICO so they shouldn't have the same vulnerability.
full member
Activity: 290
Merit: 100
full member
Activity: 560
Merit: 100
Any bounty share with sosial media like facebook or twitter
full member
Activity: 144
Merit: 100
The website is getting better. But the contact email support should be using your domain name as this kind of business needs seriousness.
And browsing the whitepaper, there's no guarantee that you can get your claim as this is up to the community - thru voting system.
Of course, there's always bias in gauging if the submitted evidence is sufficient or not. It depends upon the individuals who are voting that time.
So in the end, even if you are a "policy holder", you can't have the security that you can claim your benefits.

We're incentivizing the community be on "the winning side" of the vote so, unless that bias exists collectively, the voting process will pick the right outcome in the long run. "Guaranteeing" a claim is a risky proposition as that would leave us open to fraud - that would also require a central authority to basically say "no, we override the community" which kind of kills the decentralized concept in the first place. The community will be able to have an open discussion on claims as they're voting to compile/share evidence. Worst case scenario as a policy holder is you get your money back.

Also, to be fair, anytime you're trying to extract money out of someone for a cause, you have to provide whatever they claim is sufficient evidence. The UMC community will be a reflection of all of our policyholders.

Thanks for letting us know about the email! We updated it on the site. We have our own domain but I think it got lost in the website shuffle.

info[at]umbrellacoin[dot]org
hero member
Activity: 2744
Merit: 588
The website is getting better. But the contact email support should be using your domain name as this kind of business needs seriousness.
And browsing the whitepaper, there's no guarantee that you can get your claim as this is up to the community - thru voting system.
Of course, there's always bias in gauging if the submitted evidence is sufficient or not. It depends upon the individuals who are voting that time.
So in the end, even if you are a "policy holder", you can't have the security that you can claim your benefits.
full member
Activity: 140
Merit: 100
Hey everyone!

We have a few exciting announcements to come in the next few days! First up: our website is currently being reworked by a professional website designer. Some users made comments on our website appearance, and with good reason! We have a half dozen or so developers on the team, and all of them have a primary focus in complex software systems, full stack solutions and responsiveness. Design and layout is admittedly not our strong suit, and people usually make those decisions for us :p

Anyway, the new site will probably launch Friday. Stay tuned for more updates regarding development and our prototypes!

Just saw the updated website. It looks way better imo. Still following the project closely. Good Luck!
hero member
Activity: 1120
Merit: 501
www.bitcoin.org
Hey everyone!

We have a few exciting announcements to come in the next few days! First up: our website is currently being reworked by a professional website designer. Some users made comments on our website appearance, and with good reason! We have a half dozen or so developers on the team, and all of them have a primary focus in complex software systems, full stack solutions and responsiveness. Design and layout is admittedly not our strong suit, and people usually make those decisions for us :p

Anyway, the new site will probably launch Friday. Stay tuned for more updates regarding development and our prototypes!

Great , good luck with your project.
full member
Activity: 144
Merit: 100
Hey everyone!

We have a few exciting announcements to come in the next few days! First up: our website is currently being reworked by a professional website designer. Some users made comments on our website appearance, and with good reason! We have a half dozen or so developers on the team, and all of them have a primary focus in complex software systems, full stack solutions and responsiveness. Design and layout is admittedly not our strong suit, and people usually make those decisions for us :p

Anyway, the new site will probably launch Friday. Stay tuned for more updates regarding development and our prototypes!
full member
Activity: 340
Merit: 100
idap.io
I think the ideas of this insurance model is very beneficial for the community, I am very enthusiastic about this project and I believe this project have a good prospect. Building a strong community is essential
full member
Activity: 490
Merit: 103
Am I the only one who thinks some ICO are scam?
I don't see someone from a respected team or a familiar name in crypto who may be able to back this project up. Insurance if a huge market which is why scammers aim for this one.

Sorry, but did you look at the team and their linkedin profiles? We have multiple team members who have worked in insurance for decades in sales, underwriting, and actuarial capacities. Our development team is made up of engineers working at Microsoft, and we are in the process of recruiting more. Everyone involved in the product development is completely transparent.

Insurance is a huge industry that most of our team has seen the internals of for years, and was very dissatisfied with how customers were routinely taken advantage of. Now, we're going to leverage the blockchain to start chipping away at the power they wield.

Exactly! I looked at the profile and felt they were totally experienced and competent. You deserve a successful project. I like your project and will keep track of it.  Smiley
hero member
Activity: 700
Merit: 500
Am I the only one who thinks some ICO are scam?
I don't see someone from a respected team or a familiar name in crypto who may be able to back this project up. Insurance if a huge market which is why scammers aim for this one.
full member
Activity: 144
Merit: 100
sr. member
Activity: 560
Merit: 250
What the legalities i only see etherum token.
full member
Activity: 306
Merit: 106
full member
Activity: 144
Merit: 100

Thanks for the Response,
Im also curious what kind of rewards there will be for voters?

There will be small payouts in UMC to incentivize voters to take part in community votes. We're going to cap the incentives per day to avoid any possible abuse.

In some other news, we're working on a redesign of our website and a few videos explaining the product. Hopefully these will launch within the week.

Thanks for your support!

sr. member
Activity: 630
Merit: 251
Still waiting for the responses and discuss from other member before join and invest at ICO. Insurance is the huge market, and more than $ 100 billion plagued from the insurance business
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