Inchain

A decentralised insurance platform based on Ethereum smart contracts.

Initial Coin Offering started

Time to ICO end:

141.69454446 BTC | 10712.452043374 ETH

ABOUT THE PROJECT

Inchain is a decentralised insurance platform that mitigates risks associated with total or partial losses of crypto assets due to cyber attacks and hacks. We have placed Ethereum smart contracts at the core of the platform so it requires minimal human involvement.

The following mechanisms maintain the financial stability of the platform:

•  Inchain transfers risks to investors by issuing insurance­linked bonds. Investors take on the underlying risks and receive coupons as rewards.

•  The insurance funds are managed by Inchain DAO investors, who choose investment strategies through voting. Investment returns are spent on bond coupons and then dividends are paid to Inchain DAO investors.

Click here to view Inchain Whitepaper
Click here to go to the Inchain announcement on bitcointalk.com

INSURANCE

Every crypto exchange or wallet has the potential to be compromised. Insurance is the best way to solve this problem. You will sleep a lot better when your crypto assets are fully covered.

INVESTMENT

Insurance-linked bonds are the perfect fixed-income instrument for gaining passive returns. They sufficiently diversify any crypto portfolio due to their transparency and simplicity. In addition, they provide extra trading investment opportunities on the secondary market.

DAO-MANAGEMENT

One of the most important modules of our platform is insurance fund management. We are keen to involve our community. The most important decisions regarding investments and profit distribution rest in the hands of our Inchain DAO investors.

FEATURES

With Inchain’s convenient and highly intuitive interface, users set desired insurance parameters, and the platform will generate the appropriate smart contracts. The contracts manage the insurance policies and any payments made on claims. Inchain insurance oracles constantly monitor insured events.

Inchain provides three types of analytics:
•  Insurance analytics for observing the number of policies issued, their durations, service providers and rankings, as well as overall market snapshots and news.
•  Bond analytics for watching the current states of initial and secondary markets, bond yields, rankings, maturity and durations.
•  Insurance fund analytics for assessing ROI on different portfolios, asset allocations and news within the insurance industry.

Our decentralised trading exchange provides a variety of investment opportunities for users who want to buy and sell bonds and efficiently manage their fixed-income crypto portfolios.

Everybody invested in the DAO may proactively participate in managing the insurance fund. Instruments for transparent voting ease the process of reaching consensus.

ROADMAP

These are our expected milestones from the end of the ICO in November 2016 to Summer 2017
Further developments and activities will be announced as they arise, and the Roadmap will be adjusted accordingly

ROADMAP

MOTIVATION

A key feature of the platform is that the insurance fund is managed in line with the principles of distributed autonomous organizations (DAOs). To manage the insurance fund efficiently and earn healthy returns for Inchain DAO investors — as well as to pay out bond coupons—a certain part of the fund is invested in various assets and ventures in accordance with the strategies of Inchain DAO investors.

Inchain DAO investors are eligible to propose and vote for investment strategies. The return on investments is to be allocated, depending on votes, as follows:

•  Dividends paid to investors in the DAO;
•  Reinvestments made to the investment fund;
•  Additional liquidity reserves placed in cold storages for paying out bond coupons and insurance compensations.

In addition, the DAO investors may propose their own investment strategies and ask the DAO to vote for those. If enough investors support the proposals, the investments will be reallocated accordingly.

Everyone who purchases Inchain value coins during the ICO receives them to his personal account. Straight after the ICO completion, all Inchain value coins will be transferred to investors’ wallets. There are two ways to access the coins: Inchain web wallets or MIST Ethereum wallets. We will post detailed instructions for both options.

At the same time, we will launch the Inchain blockchain explorer and list the tokens for public trading at external cryptocurrency exchanges.We will make our open APIs designed for Inchain token interactions available as well.

The Inchain value coins can be spend on:
•  Investments in the DAO;
•  Investments in Insurance-linked bonds;
•  Insurance policies.

ICO DETAILS

Distribution: 100 million in total, 85 million distributed to users, 15 million for core activities.
•  1 million for pre­ICO and post­ICO bounties;
•  5 million for strategic partners, consulting and auditing;
•  9 million for the development team;
Initial Rate: No set rate; 85 million will be distributed based on the total amount collected.
Discounts for early investors:
•  Day 1-7 20%;
•  Day 8-14 10%;
•  Day 15-21 5%;
No discounts after Day 21.

BOUNTIES

Early supporters receive bounties for the following activities:

OUR TEAM

Dmitry Lazarichev
Founder. A seasoned professional in finance, company valuation and consulting, as well as a serial entrepreneur. In 2014, together with partners, co­founded E-Coin (rebranded to Wirex), going four months from inception to working platform, which now has almost 200K accounts. Executive MBA degree from Cass Business School in London (UK), Bachelor of Economics and Management, and Financial Markets Professional certificate.
Sergey Primatchik
Founder. An IT specialist by education, Sergey specialises in operational and project management of enterprise IT projects. Actively involved in blockchain technology since 2015, Sergey has participated as a consultant in several blockchain­based projects.
Richard Kastelein
PR / marketing partner. Founder and publisher of leading online publication Blockchain News (top ten influencers in the Blockchain Power 100) , Richard Kastelein is a Canadian whose marketing and writing career has taken him from the Canadian Native Press in the Arctic to the Caribbean and Europe. He's a full stack marketer whose previous experience in Blockchain ranges from the Chaincab to Chaincrowd projects and has written over 500 articles on Blockchain at Blockchain News as well as writing on the combination of Blockchain and the Insurance Indusrtry at Insurancethoughtleadership in San Francisco - their first article on Blockchain. Kastelein has spoken (keynotes & panels) on Media Tech & Blockchain in Amsterdam, Antwerp, Barcelona, Belfast, Berlin, Brussels, Brighton, Copenhagen, Cannes, Cologne, Curacao, Dubai, Frankfurt, Hollywood, Hilversum, Gdansk, Geneva, Groningen, London, Las Vegas, Leipzig, Madrid, Melbourne, Minsk, NYC, Oxford, Rio de Janeiro, Sheffield, San Francisco, San Jose, Sydney, Tallinn, Vienna, & Zurich.
Andrey Zamovskiy
Blockchain architect. Andrey has been pioneering cryptocurrency development since 2010. Together with his team, he has built multiple first-of-their-kind blockchain projects, including wallets, merchant services, exchanges and trading platforms. He currently serves as the CEO of Ambisafe, a blockchain technology company that specializes in blockchain-­based shared ledgers for financial instruments. Andrey holds a BS in Computer Science, with cryptocurrency as a thesis project.
Oleksii Matiiasevych
Smart contracts engineer. Oleksii has 10 years in mission-critical software engineering and has been writing Ethereum smart contracts full-time over the last year. During his engagement with Ambisafe, he has developed five DAO­like tokens with the most advanced features you can find on these kinds of contracts.
Aleksei Shakhov
Frontend developer. Alex has 7+ years experience in professional web development and has spent more than three years designing full stack applications. His main skills include PHP, JavaScript, preprocessing and server environments.
Serge Umansky
Business advisor. Serge Umansky is a Head of portfolio management at Whiteridge Investment Funds and a co-founder of the Signet Research & Advisory SA based in Lausanne, Switzerland. He has served as a Managing Director at Morgan Creek Capital (Europe) and has been a principal of ICG Consulting LLC in Washington DC.
After starting his career in engineering and applied math, Serge has been working in the investment industry in the US and Europe for more than 20 years combining the investment activities in liquid markets with more direct involvement in development of some exciting technology-related projects.
He has taken an active role as an advisor, director and investor in several alternative energy, fin-tech, artificial intelligence and block chain based applications.
Serge holds a Doctorate and Ph.D. (Applied math and engineering) from the Soviet Academy of Sciences and Kiev National Institute of Technology.
Martin Galas
Business advisor. Martin currently leads the Finance team for Chubb Insurance in Germany & Austria. Having worked in management positions for Zurich Insurance and AIG, Martin has gained 11 years of insurance industry experience. He holds an Executive MBA from Cass Business School in London. While being a member of the business angels association in Frankfurt, Martin constantly looks out for promising startups in the InsurTech space. In his leisure time he is a keen supporter of Borussia Dortmund and likes to travel and to wine and dine.

Inchain in Media