Ethereum-based Inchain – a Blockchain Insurance Platform Raises $130,000 in First Week of ICO

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Inchain, the decentralised insurance platform built on Blockchain technology invites the cryptocurrency community to back the first insurance platform for crypto-asset in its ongoing four-week long Initial Coin Offering (ICO) campaign which wraps up November 24, 2016. 

Inchain  was launched as a sensible solution for investors as cryptocurrency platforms and wallet services are increasingly coming under attack by hackers. It mitigates the cryptocurrency community’s risks associated with total or partial losses of assets due to cyber-attacks and hacking incidents. The platform is designed to operate with minimal human interaction by implementing Ethereum based smart contracts in the core.

“Nobody is happy if there is a possibility that his funds can be stolen. There have been more than 40 hacks in the last years; every third exchange has got hacked according to different sources. This keeps the majority away from the Blockchain and cryptocurrencies. We aim to solve this problem by introducing the insurance for crypto assets stored with exchanges and wallets,” said Dmitri Lazarichev, co-founder of Inchain.

Lazarichev is also the co-founder of Wirex,  a London-based, cloud-based hybrid personal banking platform that offers bitcoin debit cards, remittances, and mobile banking and allows users to link bitcoin wallets to Visa and MasterCard debit cards in up to three fiat denominations (dollars, pounds sterling, and euro).

With Inchain, users can set their desired insurance parameters and the platform will automatically generate the respective smart contracts to manage insurance policies, payments on claims etc. In addition to crypto-insurance, Inchain also allows investments into insurance-linked bonds as fixed income instruments for passive returns. The Inchain insurance fund is managed according to the DAO principles to ensure healthy returns for the investors while keeping the users’ interests in mind.

The ICO involves 100 million Inchain value coins of which 85 million is made available for the investors and community members. Remaining 15 million is set aside for development (9 million) and other core activities including preICO and postICO bounties (1 million) and strategic partners, consulting and auditing (5 million). Early investors can avail attractive ICO bonus of 20% during the first 7 days, 10% from day 8 until day 14, and 5% between day 15 and 21 respectively.

Advantages of Participating in Inchain ICO

As the platform receives wide adoption, Inchain token values are bound to increase, which will allow investors to break even and turn profitable in no time. The platform has a robust, DAO driven investment strategies in place which will contribute to the regular dividends issued to Inchain investors. Inchain token holders are eligible for dividends and they can also propose and vote for investment strategies. With less than 22 days to go before the completion of ICO, this is the right time to buy Inchain tokens profitably.

Founded by Dmitry Lazarichev and Sergey Primatchik, Inchain is one of a kind Ethereum based Blockchain insurance platform that allows cryptocurrency users to minimize risk by insuring their digital assets.

Learn more about Inchain at – https://ico.inchain.io/#about
Participate in Inchain ICO at – https://ico.inchain.io/register
Access Inchain Whitepaper at – https://ico.inchain.io/app/docs/whitepaper2.pdf
Inchain on Bitcointalk – https://bitcointalk.org/index.php?topic=1623519

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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.