Topic: [PRE-ANN] INCHAIN. Ethereum based insurance platform - page 18. (Read 27798 times)
Are you guys going to partner with insurance firms or you are going to launch your own insurance firm, the later will surely require large market capitalization If senerio like Mgox, DAO, and Biffinex happend to play out and will also affect the token value.
Guys, because of your product and in order to write this message I have finally decided to register here. So, hope you don't disappoint me 
Hey, many thanks for this. We won't disappoint you
Good question. As you know, the crypto world is not regulated yet. Once the regulation takes place, we will most likely have to comply with AML and KYC. The same would apply to exchanges, wallets etc.
Isn't AML / KYC for money transmitters? Surely Insurance would have to comply with different regulations, such as keeping certain levels of reserves to make payment? If the money is there on the blockchain in a provable way that one shouldn't be a problem of course but I don't know if there are others.
Thanks for the comments, appreciate it.
You are totally right about reserves, which are according to Solvency II Directive should be 20-25% of the risks insured. In our case, we can easily meet these requirements as we receive investments as payments for the bonds. Thus in ideal world when the all bonds are sold we have 100% reserves.
Regarding the licences, it is quite difficult to get those, however, the crypto economy is out of the scope of the regulations. With all relevant advantages and disadvantages, we definitely can launch our platform keeping an eye on the regulators and apply for the licences if we have to.
Yes But Too Important
Guys, because of your product and in order to write this message I have finally decided to register here. So, hope you don't disappoint me
Hey, many thanks for this. We won't disappoint you
Good question. As you know, the crypto world is not regulated yet. Once the regulation takes place, we will most likely have to comply with AML and KYC. The same would apply to exchanges, wallets etc.
Isn't AML / KYC for money transmitters? Surely Insurance would have to comply with different regulations, such as keeping certain levels of reserves to make payment? If the money is there on the blockchain in a provable way that one shouldn't be a problem of course but I don't know if there are others.
Thanks for the comments, appreciate it.
You are totally right about reserves, which are according to Solvency II Directive should be 20-25% of the risks insured. In our case, we can easily meet these requirements as we receive investments as payments for the bonds. Thus in ideal world when the all bonds are sold we have 100% reserves.
Regarding the licences, it is quite difficult to get those, however, the crypto economy is out of the scope of the regulations. With all relevant advantages and disadvantages, we definitely can launch our platform keeping an eye on the regulators and apply for the licences if we have to.
We would like to share the details of who we are, what we do, why we do it and why it is cool!
https://medium.com/@inchain/inchain-who-we-are-what-we-do-why-we-do-it-and-why-it-is-cool-f797c81a03c1#.qdztd3900
https://medium.com/@inchain/inchain-who-we-are-what-we-do-why-we-do-it-and-why-it-is-cool-f797c81a03c1#.qdztd3900
just wait for bounty and campaign update info
development in progress...
still not enough info in first post. where can i find your whitepaper?
The link is in the OPhttps://drive.google.com/open?id=0B2p42p0_z54DQ0w1MGdkRmhyMU0
http://ico.inchain.io/app/docs/whitepaper.pdf
still not enough info in first post. where can i find your whitepaper?
The link is in the OPhttps://drive.google.com/open?id=0B2p42p0_z54DQ0w1MGdkRmhyMU0
just wait for bounty and campaign update info
I like that someone is doing an insurance market, but if u are looking for income, why dont you also open a bond market? Maybe a dev could issue btc bonds and pay coins/tokens as interest. Let the market determine the yield. It could be an alternative to the 2nd and 3rd ico people are doing lately.
It is a fair point. Bonds and other fixed-income instruments are something the market is missing now. However, there should be underlaid assets, business or something else generating revenue and/or creating value.
still not enough info in first post. where can i find your whitepaper?
I like that someone is doing an insurance market, but if u are looking for income, why dont you also open a bond market? Maybe a dev could issue btc bonds and pay coins/tokens as interest. Let the market determine the yield. It could be an alternative to the 2nd and 3rd ico people are doing lately.
Guys, because of your product and in order to write this message I have finally decided to register here. So, hope you don't disappoint me
Hey, many thanks for this. We won't disappoint you
Good question. As you know, the crypto world is not regulated yet. Once the regulation takes place, we will most likely have to comply with AML and KYC. The same would apply to exchanges, wallets etc.
Isn't AML / KYC for money transmitters? Surely Insurance would have to comply with different regulations, such as keeping certain levels of reserves to make payment? If the money is there on the blockchain in a provable way that one shouldn't be a problem of course but I don't know if there are others.
Thanks for the comments, appreciate it.
You are totally right about reserves, which are according to Solvency II Directive should be 20-25% of the risks insured. In our case, we can easily meet these requirements as we receive investments as payments for the bonds. Thus in ideal world when the all bonds are sold we have 100% reserves.
Regarding the licences, it is quite difficult to get those, however, the crypto economy is out of the scope of the regulations. With all relevant advantages and disadvantages, we definitely can launch our platform keeping an eye on the regulators and apply for the licences if we have to.
Guys, because of your product and in order to write this message I have finally decided to register here. So, hope you don't disappoint me
Hey, many thanks for this. We won't disappoint you
Good question. As you know, the crypto world is not regulated yet. Once the regulation takes place, we will most likely have to comply with AML and KYC. The same would apply to exchanges, wallets etc.
Isn't AML / KYC for money transmitters? Surely Insurance would have to comply with different regulations, such as keeping certain levels of reserves to make payment? If the money is there on the blockchain in a provable way that one shouldn't be a problem of course but I don't know if there are others.
Guys, let's join to our FB: https://www.facebook.com/groups/inchain/
follow our twitter: https://twitter.com/Inchain_dot_io
read our blog: https://medium.com/@inchain
follow our twitter: https://twitter.com/Inchain_dot_io
read our blog: https://medium.com/@inchain
Guys, because of your product and in order to write this message I have finally decided to register here. So, hope you don't disappoint me
Hey, many thanks for this. We won't disappoint you
Good question. As you know, the crypto world is not regulated yet. Once the regulation takes place, we will most likely have to comply with AML and KYC. The same would apply to exchanges, wallets etc.
Isn't AML / KYC for money transmitters? Surely Insurance would have to comply with different regulations, such as keeping certain levels of reserves to make payment? If the money is there on the blockchain in a provable way that one shouldn't be a problem of course but I don't know if there are others.
AML/KYC applies to insurances. Had to take courses every bleeding year and I was managing a low-risk category of insurance (health).
Guys, because of your product and in order to write this message I have finally decided to register here. So, hope you don't disappoint me
Hey, many thanks for this. We won't disappoint you
Good question. As you know, the crypto world is not regulated yet. Once the regulation takes place, we will most likely have to comply with AML and KYC. The same would apply to exchanges, wallets etc.
Isn't AML / KYC for money transmitters? Surely Insurance would have to comply with different regulations, such as keeping certain levels of reserves to make payment? If the money is there on the blockchain in a provable way that one shouldn't be a problem of course but I don't know if there are others.
Guys, because of your product and in order to write this message I have finally decided to register here. So, hope you don't disappoint me
Hey, many thanks for this. We won't disappoint you
Good question. As you know, the crypto world is not regulated yet. Once the regulation takes place, we will most likely have to comply with AML and KYC. The same would apply to exchanges, wallets etc.
P.S. With regard to design I really think that it was and it is quite nice. Moreover, I always think that it is about product, not design. Hm..
Guys, we are listed: https://www.ico-list.com
You need better tread design, guys. Now its look not very worthily.
Check out our new slides at the OP!
Jump to: