Premiums would be of 2-15% of the invested amount depending on the risk level, which is a wide range indeed. How do you determine the risk level for a certain project? What are the main parameters that you are taking into consideration?
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After the first period of 4 weeks of insurance expires, can you extend the insurance? If so, terms and conditions for the premium would remain the same or would you re-assess the risk level of the project (and the amount to be paid for the premium)?
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Let's assume that a person had insured his/her investment and the project pulls the rug. What will be the procedure to claim her investment back, how will it be the internal procedure to determine if he is eligible for the refund and how long would it take to have the funds back?
Topic: Satoshi Club x Foresight AMA - $800 Reward Pool (Read 125 times)
you are providing an insurance for exit scams. please explain how does this work. I pay an insurance for a certain token and I get money back if they are a scam?
I have seen you focus on new partnership with companies from different aspects. What steps of cryptotrading do you think will suffer scams and therefore need insurance systems more in upcoming years? Are you open to work with playmakers of existing insurance / financial system to enlarge this market?
1. With the statement from your website which is when you purchase insurance with Foresight and are deemed to be the victim of an exit scam or fatal blockchain hack, you get your entire investment back . How will you assure that investors got scammed? Is there any personal verification check?How will you guarantee that investors that was scammed before can get the entire investment back? Is this promise so good to be true?
2.As your tagline goes "Bring insurance to Defi", so how will Foresight systematically bring insurance to Defi world? How can an investor to Defi can get insurance ? Literally, what kinds of insurance you are offering to Defi?
3. Why is there a need of IPF or Insurance Payout Fund of every platform?Can you elaborate more about the importance of IPF to the platforms and investors?
2.As your tagline goes "Bring insurance to Defi", so how will Foresight systematically bring insurance to Defi world? How can an investor to Defi can get insurance ? Literally, what kinds of insurance you are offering to Defi?
3. Why is there a need of IPF or Insurance Payout Fund of every platform?Can you elaborate more about the importance of IPF to the platforms and investors?
As a No ICO project, how do you ensure you have sufficient funds for continuous project development
Am really excited about this project, and am interested in buying an insurance package, what are your Insurance Policies and pricing available and how can I enjoy or get Premium reductions on my insurance premium
Your tagline "Say Goodbye To Exit Scams."
Can exit scams really be eliminated, what are your proven technology that ensures that exit scams can be curtailed and eliminated
Can exit scams really be eliminated, what are your proven technology that ensures that exit scams can be curtailed and eliminated
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Q1. Why does Foresight operate two Community DAO Governance Mechanism - Common DAO and Supreme DAO? What are the criteria to join and participate in any of the Community DAO Governance?
Q2. Foresight partnered with Ferrum Network to become the next staking project. Tell us your staking model, annualised percentage return rates and all the amazing benefits for $FORS holders?
Q3. To promote trust and transparency, does Foresight have a time-lock contract for the liquidity pool on Uniswap, to allay community fear of rug-pooling on them?
Q2. Foresight partnered with Ferrum Network to become the next staking project. Tell us your staking model, annualised percentage return rates and all the amazing benefits for $FORS holders?
Q3. To promote trust and transparency, does Foresight have a time-lock contract for the liquidity pool on Uniswap, to allay community fear of rug-pooling on them?
Q1
Why did you not organize a regular ICO / presale sort of fundraising like most of the projects on the market but did the listing on Uniswap straight away?
Q2
What kind of benefits are there for joining your DAO? Are you planning to cover most of the coins on the DAO?
Q3
You aim to make crypto a safer place by organizing some sort of insurance for the investors. Could you please elaborate more regarding this - what does it technically mean for the investors and how exactly do you work against scamming?
Why did you not organize a regular ICO / presale sort of fundraising like most of the projects on the market but did the listing on Uniswap straight away?
Q2
What kind of benefits are there for joining your DAO? Are you planning to cover most of the coins on the DAO?
Q3
You aim to make crypto a safer place by organizing some sort of insurance for the investors. Could you please elaborate more regarding this - what does it technically mean for the investors and how exactly do you work against scamming?
1)As new ideas come up in the industry scam projects also come up with their own ideas to keep up with the trend. As regards your "project funded insurance" what requirements do you have that this projects must meet up to When applying for PFI with foresight just to ensure that this projects are not scams or is your interest only on the Investors for which the Projects will be purchasing insurance for..
2)Foresight which just launched few months ago is already a founding member of Crypto Investors Protection Alliance (CIPA). What role does foresight have in CIPA and how will CIPA be beneficial to Foresight and it's users.
3)You must have had this type of question before.. For a project like Foresight which plans to provide insurance for investors..it is important that investors know and understand who is on the team and if the team has the knowledge required in running an insurance project like this..do you have plans about revealing your identities to assure investors that you are fully committed to Wiping out the harms done by exit scams as you claim, don't you see the anonymity of your team as a major red flag.
2)Foresight which just launched few months ago is already a founding member of Crypto Investors Protection Alliance (CIPA). What role does foresight have in CIPA and how will CIPA be beneficial to Foresight and it's users.
3)You must have had this type of question before.. For a project like Foresight which plans to provide insurance for investors..it is important that investors know and understand who is on the team and if the team has the knowledge required in running an insurance project like this..do you have plans about revealing your identities to assure investors that you are fully committed to Wiping out the harms done by exit scams as you claim, don't you see the anonymity of your team as a major red flag.
We are pleased to announce our next AMA on September 17th 2020 at 10:00 AM UTC Time: Satoshi Club x Foresight
⚠️Total Reward pool: $800
⚠️Total Reward pool: $800
⚠️Requirement:
👉Join Foresight TG group
👉 Follow Twitter
👉 Follow Foresight Twitter
We will have the following structure:
Part 1️⃣: $150/6 users- We'll select 6 questions from the community. A user can post maximum 3 questions. 4 Questions will be selected from our website - please submit your questions on our official announcement at this link and 2 random questions will be selected from Bitcointalk thread, please post your questions in this thread.
Part 2️⃣: $150/10 users Open chat for 80 seconds. You can post Max 3 questions. Foresight Team will select 10 questions and answer them.
Part 3️⃣: $500 - A quiz about Foresight
Telegram groups:
Foresight – @ForeSightCrypto
Satoshi Club - @satoshi_club
Russian - @satoshi_club_ru
Spanish - @satoshi_club_spanish
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