Inchain Holds ICO for Decentralized Insurance Platform
Decentralized insurance platform Inchain launched its ICO on October 21, 2016, and will run it until November 24. The company has encouraged investors to participate in the ICO, calling it a “unique opportunity” to invest in a first-of-its-kind insurance solution for cryptocurrency service providers. Inchain: Decentralized, Ethereum-Powered Insurance. The company expects its decentralized to be welcomed by cryptocurrency platform operators and wallet providers, who have suffered numerous hacks over the years. “Nobody is happy if there is a possibility that [their] funds can be stolen.”....
Related News
In the absence of serious competition, Ethereum remains the final destination for developers as new Dapps are being created on the platform on a regular basis. After the smart contract hack around the middle of the year, a lot of predictions were made about Ethereum that did not suggest a bright future for the platform. Several months later, the platform appears to be waxing stronger as new Dapps are seen to be developed on the platform day by day. A brand new Blockchain industry. Insurance on the Blockchain is a new trail that Inchain is blazing. The UK based company, with team members....
Polkacover, the ingenious platform that bridges the gap between traditional insurance companies and crypto-insurance products has just launched its Demo Decentralized Application, demonstrating how users can connect with several insurance providers offering global insurance products such as crypto-related protection, health, life, and more, with ease. Polkacover is the first decentralized insurance marketplace for the DeFi […]
iTrust is the first of its kind, a Layer 2 yield aggregator for decentralized insurance. Users of decentralized insurance have the opportunity to derisk through DeFi by earning a passive yield with their insurance tokens. The rise in smart contracts has attracted forward thinkers who are willing to advance innovation at every turn. With north […]
The inherent risks in DeFi have slowed potential growth by deterring institutional investment. Now one decentralized insurance firm is attempting to right that wrong with a range of insurance innovations for the sector. New Money Decentralized finance (DeFi) offers a new path for money, free of centralized control and intermediaries. Until now, however, it was […]
Decentralized exchange (DEX) dYdX had to take out millions from its insurance fund to cover user liquidations on its platform. This action was forced after the recent liquidations in the Yearn.Finance (YFI) market. What Led To The $9 Million Insurance Fund Withdrawal? On Saturday, November 18, the Yearn.Finance’s governance token (YFI) witnessed a drastic 43% […]