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What's ShineChain (SHE)? (http://www.shinechain.org/index.htm)

A Global Mutual Insurance Community Based on Blockchain Technology


SHE Features   (http://www.shinechain.org/index.htm)

Public Beneficial
A Public-beneficial Mutual Insurance

Trust
A mutual insurance solving trust problem based on blockchain technology

Global
A mutual insurance for global users





(1) High Risks: The ubiquitous risks of personal accident are usually ignored by a fair number of people. For example , the global total number of airline passengers in the world has reached 4 billion in 2016. However, the global total amount of aviation insurance premium in 2016 was only 1.2 billion dollars and the average insurance premium per person is only 0.3 USD, which means less than 10% passengers can benefit from the insurance.

(2) High Incidence: The incidence of critical illnesses, such as cancer, is surging due to environmental pollution, food safety problem, climate change and unhealthy lifestyle.

(3) High Premium: Commercial insurance is both expensive and has operating risk, due to the high sales commission and the poor operation and fund management ability of some insurance companies.

(4) Non-transparent: Traditional centralized mutual insurance communities lack transparency in operations and fail to establish trust with users in community as they cannot prove themselves fair and open. It is difficult for them to establish a real trust relationship with users.

(5) Insurance Fraud: Insurance fraud has been a common problem faced by all centralized insurance institutions (ie.insurance companies & centralized mutual societies).

(6) Risks of Privacy Protection: The hazard to user privacy protection is the common pain point of the centralized institution.

(7) Inflation: Inflation causes the decline of purchasing power of the indemnity.



1.Advanced Technology: Blockchain is a decentralized distributed ledger, featuring with consensus mechanism, openness and transparency, tamper-proof and high security, which makes it a credit-creating machine. Blockchain can be used to issue digital Tokens and carry out smart contracts.


2.Public Beneficial: Low threshold of entering mutual insurance makes it easier to benefit the public. For example, the airline, train and maritime accident mutual insurance of 150,000 USDT indemnity requires only 5 USDT SHE (Shine Coin) when users join in the community. If no accident occurs to any member, the SHE Tokens will remain in the user’s insurance account and the insurance liability remains valid until the balance of user’s SHE account is insufficient. In this case, the user can either choose to top up the account to maintain the insurance or quit the mutual community.

3.Openness & Transparency: All users in the community can check the digital asset in the community insurance account on the blockchain. The openness and transparency can create real trust with the community users.


4.Reward and Punishment Mechanism: The selection of assessment agencies by community users and the payment details are publicized. The reward mechanism for reporting dishonesty is implemented in the community. All of these mechanisms can effectively maintain trust and solve fraud issues in the mutual community.


5.Deflation Mechanism: As the community issues a constant number of Tokens, with an increasing number of users joining in the mutual insurance system, more Tokens will enter the lock-in pool, so SHE left in the secondary market will be gradually reduced. Furthermore, as the users are paid by the Tokens they purchased when they join the community, the users who joined earlier could receive more Tokens. The issue of fiat depreciation in traditional insurance industry can be effectively solved by this deflation mechanism of SHE token.



More Information:

Please Visit Our WEBSITE  (http://www.shinechain.org/index.htm)

Follow us :


How to Participate in Airdrop:
Please Visit Our TELEGRAM【AIRDROP】 (http://[url=https://t.me/shinechainofficial)

Looks like a great project and solid team!

When do you plane, conduct ICO? i hope to see, more informathion about tokens.
Will you have make bounty program?

P.S.
please thranslate whitepapper

You said. High Risks: The ubiquitous risks of personal accident are usually ignored by a fair number of people. For example , the global total number of airline passengers in the world has reached 4 billion in 2016. However, the global total amount of aviation insurance premium in 2016 was only 1.2 billion dollars and the average insurance premium per person is only 0.3 USD, which means less than 10% passengers can benefit from the insurance. Few pay for the insurance payment! The number of disasters in this industry is small!

Thanks! received my airdrop tokens :-*

Great project here
I will like to know if there's any kind of Telegram bounty
And again, what exactly is the project all about

sounds nice. When can we expect more news?

Hello, for more details, please visit the official website shinechain.org

ShineChain could solve such problems and other problems faced by both customers of health insurance as well as the lawmakers tasked with monitoring the lawful sale of these services. This is useful for us

The main thing is that the work was completed not just quickly, but first of all qualitatively. I hope that the Team will be good and they have good chances for success

you need to add a whitepaper for this project to make it look more interesting and many join.

Is this coin dead already? The thread was made since January 2018, it's already May, 4 months later looks like no updates? Do you have anything good here? The website is still running. Anyone know what happened on this coin/token?