Some explanation about Oracles from our architect Andrey Zamovsky ( www.facebook.com/nixoid). As most of you understand, there is no way for smart contract to fetch any information from outside of the blockchain where it operates. This limitation has been introduced intentionally, and let me explain why. Since every node executes every line of every smart contract, and anyone can submit any smart contract, the entire blockchain network can easily become a weapon of DDoS attack as soon as it allows interaction of smart contracts with external resources. It is a problem because the code that handles insurance events should be triggered by an events in real world. The solution to this problem is called “Oracle”. Oracle is a smart contract that contains information about the state of “external reality” (e.g. non-blockchain events). There are 2 approaches to fill oracle with the information: Using crowdsourced approach, where any participant of the network can submit the data and get some reward for doing that. (see “Prediction markets”) Associate the oracle contract with some trusted party, by delegating private key to that party (can be several participants for backup purposes). The first approach is more favorable by community, however decentralized prediction market is a very complex system by itself and they are currently at the early stages of testing. The second is more similar to how SSL certificates work: as soon as the originator of the data have announced his public key, anyone can verify the validity of the submitted data. For example if we wanted to set up an oracle that would report earthquakes ( http://earthquake.usgs.gov/earthquakes/feed/), we would: assign a keypair to http://earthquake.usgs.gov/ Ask USGS to publish their public key (ethereum address) on their website Set up a special module on the backend that will be submitting every new item of the feed to the smart contract. We believe that the second approach will still do the job and much easier to start with, so we are planning to go ahead with it. |
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yeah, very suspicious exchange. if someone use it, he/she should be very very careful Or insure their risks)) |
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Well done INCHAIN team, I will like to know if there is a minimum BTC that you plan to raise and also if there is a cap for the fund just to prevent over subscription. The reason I'm asking this question is because there has been senerio by which developer raised more than enough fund that is required for the project and sucking investors dry and hide under a clause in their contract and the worse thing is that the investors are not even a shareholder in the company neither do they have power to vote on any decision making.
So, for now we calculate a development and an insurance fund needs, this info will be published when ANN takes place. There will no cap for the investments, all investments will be distributed to a development (fix price) and insurance fund (remained investments), i.e. more BCT in insurance fund means more abilities to Inchain token holders to invest it and earn ROI, and more stable Inchain decentralise managed bussines. |
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Well, in this case I see that there are enough reasons to participate in upcoming ICO.
Thank you) But you know, nowadays there are many scams. What about guarantee for your customers?
First, we will use very trusted escrow Second, we include in the project very seriously business advisors, who care about their reputation Third, our payments will be very transparent Fourth, Inchain will have decentralised management model Fifth, we believe in Inchain |
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Наверно преждевременный вопрос, но все же) ведутся ли переговоры с биржами о внедрении? как считаете, будет ли достаточный интерес с той стороны?
Ну а зачем биржам лишние расходы? Даже банки в РФ не страховали вклады пока им в приказном порядке это не спустили. О расходах бирж речи не идет, однако, уверен, что если будет возможность застраховать депозиты на конкретной бирже для биржи это будет преимуществом |
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Наверно преждевременный вопрос, но все же) ведутся ли переговоры с биржами о внедрении? как считаете, будет ли достаточный интерес с той стороны?
Это в планах |
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Can you give a potential alpha, beta and launch date of platform?
Of course, we are working on roadmap add will publish it soon |
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Guys, I am afraid you missed my question  I have one more question Are you going to issue tokens after ICO as well as during it or not? Hi 100M is the total number. Guys, I am afraid you missed my question I have one more question Are you going to issue tokens after ICO as well as during it or not? we have all infra ready for this, but users will get an ability to use their Inchain tokens directly after ICO ends So, users will get possibility to use tokens in exchanges, right? Or just as asset to get %? After ICO ends Inchain tokens will be tradeable in exchanges. I think there will two or tree exchanges where Inchain tokens will be listed Do you consider Poloniex as possible exchange to enter? Yes, we will try it |
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Sergey, couple of questions. What will be our target market?
all members of the crypto economy who using external crypto services like exchanges and web wallets to store their crypto assets And also, what is the target region of the project?
no borders)) And since there is no mining for this, how do we, the future investors store our credits? Will you have a gui wallet included as well?
hm, I don't understand your question. Can you pls detail it. Will you have a gui wallet included as well?
There will web GUI and MIST abilities. Maybe we will run mobile app, but there is Apple who doesn't like crypto tokens) |
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Почему когда заполняешь гугл-форму на участие в твитер и фейсбук кампании нет никакой привязки к этому форуму? Обычно указывают профиль или ID с талка.
А зачем? Для идентификации участника кампании достаточно его профиля в соотв соцсети Для идетнификации, скорее всего тогда нужна привязка соц профилей в кабинете пользователя проекта. технически - это не сложная задача) |
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Do you have any advisores with an insurance background?
How do you plan on calculating the risks/price? Normal insurance appraisals can be difficult but they have many years of data and models to base things on. As this havent been done before, how do you make sure the price matches the risk?
Also how do you spot a false claim? I am guessing there will be countless attempts to exploit the system.
I really like your idea as it will help the blockchain ecosystem a lot, but my main concern is whether or not it can be run well enough to make a profit.
Yes, we do have such advisors. Our model is based on the past and real-time events. Obviously, we will run a number of surveys to find out how much people are willing to spend on the policies and what return investors expect. Every claim can be satisfied only if the smart contract initiates it (the oracle has identified the case) and the transfer is signed by the insurance committee. We expect to receive profits mostly from the fund management activities. Forgot to ask - you have certified actuarial support on board then? (Loved my former actuarial team. Poor dears work so hard nowadays to make insurance products even remotely attractive and profitable).We found some candidates and now we discuss with them terms of cooperation |
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What are you planning to do with the insurance reserve money? Will it be kept in cold storage or invested?
Insurance fund will be divided into two parts, first cold stored will be used for insurance payments and bonds coupon, the second part will be used for investment |
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Почему когда заполняешь гугл-форму на участие в твитер и фейсбук кампании нет никакой привязки к этому форуму? Обычно указывают профиль или ID с талка.
А зачем? Для идентификации участника кампании достаточно его профиля в соотв соцсети |
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Интересный проект, но очень сложно поверить в то, что он не "схлопнется" по первому же краху бирж. Чтобы убедить в обратном, предлагаю разработчику детально смоделировать здесь ситуацию недавней кражи на Битфайнекс с условными цифрами пострадавших сумм инвесторов-пользователей и в рамках условных резервов Inchain. Это поможет понять - сколько объективно должно быть биткоинов во владении сервиса Inchain, чтобы покрывать убытки той же Bitfinex. По ходу дела пользователи предложат свои объективные цифры, если посчитают нужным  А также сразу было бы хорошо просчитать все последствия ситуации на эти страховые облигации, их ценность, и действительно ли пользователи получат 100% компенсацию (и при этом облигации не обесценятся к моменту последней выплаты последнему пострадавшему) Благодарю за отличный вопрос. Дайте нам пару дней для подготовки развернутого ответа. |
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joined twitter and FB campaign, when ico end? We already invited two very trustable escrow. For now we build clear rules to manage of ICO investments. Likely Inchain OCI will starts at end of September and it's duration will about 4 weeks. |
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total supplay 100M  bounty 1.ooo.ooo  1M bounty of 100M is not big, other projects like waves, rise have double or triple bounty. really? WAVES TEAM did not pay all the bounties! do you think WAVES paid all facebook and twitter bounties to everyone? Are you crazy or what? they have paid translating bounties 1/5 to everyone , i know hundread people still looking for waves bounties! On my facebook account i got more than 20 friends did like waves page and never ask any bounties! Waves team have been played very smart about bounties and got almost bounties back to team! Waves did scam lot people!WOKE UP MAN If anyone wanna FB or Twitter bounty pls read carefully: https://medium.com/@inchain/facebook-twitter-campaign-details-cc89915583c7I subscribe to the facebook group and I saw pending, Is this normal thing. yes. we check requests one time per day min |
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Guys, I am afraid you missed my question I have one more question Are you going to issue tokens after ICO as well as during it or not? Hi 100M is the total number. Guys, I am afraid you missed my question I have one more question Are you going to issue tokens after ICO as well as during it or not? we have all infra ready for this, but users will get an ability to use their Inchain tokens directly after ICO ends So, users will get possibility to use tokens in exchanges, right? Or just as asset to get %? After ICO ends Inchain tokens will be tradeable in exchanges. I think there will two or tree exchanges where Inchain tokens will be listed |
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How to claim your bounty ..  just send proof You do not need to claim it, the bounty post says how the participants listed For each approved participants will be created Inchain account in ico.inchain.io and there will be placed participants bounty |
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I would like to subcribe/newslatter there and want to know the ICO is about to begin..anyways newslatter bounty is not available ?
No newsletter bounty. |
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