[PRE-ANN] INCHAIN. Ethereum based insurance platform

[Sergey_Inchain]

Can you give a potential alpha, beta and launch date of platform?

Of course, we are working on roadmap add will publish it soon

[Und3rw00d]

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

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

Well, in this case I see that there are enough reasons to participate in upcoming ICO. But you know, nowadays there are many scams. What about guarantee for your customers?

[mMr.covay]

https://yobit.net/en/addcoin/ add inchain in yobit exchange

[jacaf01]

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.

[Und3rw00d]

https://yobit.net/en/addcoin/ add inchain in yobit exchange

I don't think that it is good idea. Here is one of the reasons http://forklog.net/cryptocurrency-exchange-yobit-runs-suspicious-operations/

[hevra]

https://yobit.net/en/addcoin/ add inchain in yobit exchange

I don't think that it is good idea. Here is one of the reasons http://forklog.net/cryptocurrency-exchange-yobit-runs-suspicious-operations/

yeah, very suspicious exchange. if someone use it, he/she should be very very careful

[killerjoegreece]

A long awaited bounty update

- 250,000INC reserved for signature campaigns
- 350,000INC reserved for translators
- 200,000INC for Twitter followers
- 200,000INC for those who join our official Facebook group

I would like to reserve the greek translation and i have allready started here https://bitcointalk.org/index.php?topic=1607220.0 It will be completed soon

[Und3rw00d]

https://yobit.net/en/addcoin/ add inchain in yobit exchange

I don't think that it is good idea. Here is one of the reasons http://forklog.net/cryptocurrency-exchange-yobit-runs-suspicious-operations/

yeah, very suspicious exchange. if someone use it, he/she should be very very careful

Actually I do not see any reasons to use it.

[Sergey_Inchain]

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

[Sergey_Inchain]

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.

[Sergey_Inchain]

https://yobit.net/en/addcoin/ add inchain in yobit exchange

I don't think that it is good idea. Here is one of the reasons http://forklog.net/cryptocurrency-exchange-yobit-runs-suspicious-operations/

yeah, very suspicious exchange. if someone use it, he/she should be very very careful

Or insure their risks))

[Sergey_Inchain]

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.

[oleksii]

Given what's occurred with the Kryptonite project (ETH-based, smart contracts, etc that was hijacked after not paying ransom), I would like to know how your team plans to secure INCHAIN from the generation of false tokens on a high hash-rate fork that could eventually overwhelm the startup blockchain?

Kryptonite (I found only one such blockchain project, fix me if you are talking about something else) was a blockchain project without any relation to ETH or smart contracts. INCHAIN tokens will not have separate blockchain, and will not have mining concept. As long as Ethereum itself is alright, all stated points won't be able to affect INCHAIN in any way.

Oleksii,
INCHAIN smart contracts engineer

Try Krypton, krcoin.
I think that is what is meant here. And now from what I understand there is a security issue for any newer ETH based project without very high hash securing it.

T.

51% attacks are an issue for all PoW coins with low hash rate. Its a PoW issue not a blockchain issue.
51% attacks are also possible on PoS coins but not as likely.

There won't be any PoW or PoS concepts in this project. Neither there will be any hash rate concept except of the Ethereum PoW itself.

[hevra]

Lol, guys, you should re-design first tread post.

[Sergey_Inchain]

A long awaited bounty update

- 250,000INC reserved for signature campaigns
- 350,000INC reserved for translators
- 200,000INC for Twitter followers
- 200,000INC for those who join our official Facebook group

I would like to reserve the greek translation and i have allready started here https://bitcointalk.org/index.php?topic=1607220.0 It will be completed soon

waiting an answer on the reservation dev  

Greek is your)

[Sergey_Inchain]

Lol, guys, you should re-design first tread post.

Any concrete proposal?

[adonai]

the second interesting ICO for me in this month. waiting for the dates and further details

[Sergey_Inchain]

the second interesting ICO for me in this month. waiting for the dates and further details

TY, preparation in progress, we work with some business advisors to participate in our project
Also, we work on roadmap and escrow clear rules

[CryptoCopper]

https://yobit.net/en/addcoin/ add inchain in yobit exchange

I don't think that it is good idea. Here is one of the reasons http://forklog.net/cryptocurrency-exchange-yobit-runs-suspicious-operations/

You are right. Better forget this exchange and don't use.

[Kharchenko]

the second interesting ICO for me in this month. waiting for the dates and further details

It seems for me much more ICOs will take place in future. Good tendency I think.