Insurance Blockchain Startup Inchain Cuts Deal with Livecoin Exchange

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Insurance Blockchain startup Inchain and Livecoin Exchange have signed a deal this week awarding Livecoin Exchange an exclusive one week post ICO contract to provide its trade platform for Inchain tokens after its official opening.

“We are extremely please to sign this deal with Livecoin and look forward to a long, strong relationship with them as we take this journey into revolutionising the insurance industry with Blockchain technology,”  said Sergey Primatchik,  co-founder of Inchain. “We really like the user interface and design of Livecoin… it’s easy to use for both non-experienced and crypto-veterans alike.”

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

The InChain team plan is to first build Blockchain insurance products for the cryptocurrency community then expand into more comprehensive industry solutions for the general insurance industry within two years. 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 token holders—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 approved by token holders.

Inchain’s Initial Coin Offering (ICO) is to kick off October 12 and open to all investors.

“We at Livecoin are pleased to announce cooperation with the Inchain project and reaffirm our interest in participating in a pilot project together with them. Livecoin will have exclusive rights for a period of time after launch and we hope that this project will shine a new light in the altcoin world – as well as the security and confidence to all participants cryptocurrency market,” said Livecoin CEO Svetlana Geller.

Livecoin is a modern service for accessing cryptocurrency exchange markets which provides users with a comfortable, practical and profitable platform with which to work with cryptocurrencies – suitable for both beginners and experienced traders and offers a trading between a range of currency pairs, including multiple fiat currencies.

On most exchange websites you only have the option to trade altcoins against BTC, which can make things a lot more complicated when calculating profit and loss, and also adds a layer of unnecessary expense because you need to pay fees on two sets of exchanges rather than one.  The Livecoin exchange offers a good range of options to let you trade altcoins for fiat directly.

Livecoin’s benefits briefly:

  • Easy registration, no verification required;
  • Easy to use, intuitive and powerful interface;
  • Flexible trading fee, which depends on the trading volume;
  • Different types of orders: Market, Limit, Pending;
  • Low fees for deposit and withdrawal of funds, a wide choice of payment systems;
  • Modern 2–level account security system: 2-factor authentication, white list of IP-addresses, pluggable e-mail and sms notification;
  • Friendly and fast support;
  • Profitable affiliate program, that allows you to choose interest rate.

For more information please contact Sergey Primatchik at sergey AT inchain.io

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Founder of Blockchain News and The Hackitarians Foundation, Richard Kastelein is an award winning publisher and editor, hackathon organiser and entrepreneur. He has written over 700 articles at Blockchain News, has a massive network in the Blockchain arena and is available as a speaker and consultant. (richard@the-blockchain.com) Kastelein has spoken (keynotes & panels) on technology at events in Amsterdam, Barcelona, Belfast, Berlin, Brussels, Brighton, Copenhagen, Cannes, Cologne, Curacao, Frankfurt, Gdansk, Hollywood, Hilversum, Geneva, Groningen, London, Las Vegas, Leipzig, Madrid, Melbourne, NYC, Oxford, Rio de Janeiro, Sheffield, San Francisco, San Jose, Sydney, Tallinn, Vienna, and Zurich. A Creative Technologist & Canadian (Dutch/Irish/English/Métis) his career began in the Native Press (Canadian Arctic) and he later spent a decade in the Caribbean media. Currently, he writes occasionally for Wired Insights, Guardian & Virgin and his articles have been translated into Dutch, Greek, Polish, German & French.