[ANN] [ICO CLOSED] Inchain - insurance for the crypto economy

[ttg43]

I don't want reveal who was the "exchange". But you can guess  

its obviously

[myferrari]

I think they should have insured exchanges, those are at the highest risk.
With about 1/3 of all exchanges suffering hacks before, and customers losing funds, they are in dire need of insurance.

Some statistic here: https://magoo.github.io/Blockchain-Graveyard/

Bittrex never been hacked, damn very secure exchange.  Let's it inchain on their site first.  

---------Inchain:
Hi,
Nice to meet you.
I'm a founder of crypto insurance startup called Inchain. We allow users of exchanges and wallets to insure their accounts against hacker attacks.
We're seeking to establish partnership with you.
Currently we are at the stage of fundraising through ICO and offering you to join our media campaign.
We are generating a lot of buzz in media with our press releases and will be happy to mention you as one of the companies who have agreed to participate in pilot program. In exchange we're asking you to publish our press release in your blog and social media.
---------Exchange:
What would the pilot program look like? I'm not sure how this would work.
---------Inchain:
We intend to offer to Exchange customers to insure their risks of losses if (excuse me but) Exchange will be hacked.
---------Exchange:
You can see why we wouldn't market or endorse this, right? Smiley We would be telling our customers they should worry about security.
---------Inchain:
Insurance - it's the next level of your security. Almost every exchange was hacked. Look at Bitfinex for example. If exchange's customer can insure their risks - it is better for them or not?
---------Exchange:
There is a difference between the insurance I would buy that would cover the whole exchange vs. marketing that individual users purchase insurance against their accounts. One is part of our overall security strategy and risk management posture for our users, the other would convey a lack of confidence in our ability to protect our users. We would not do the latter.
If you have a trading token, we'd certainly work with you on that but we aren't going to directly market your product to our users.

So that was bittrex's answer?

I don't want reveal who was the "exchange". But you can guess  

That guy you quoted said bittrex, and you post the dialog history, must be bittrex.  
 

[Sergey_Inchain]

I think they should have insured exchanges, those are at the highest risk.
With about 1/3 of all exchanges suffering hacks before, and customers losing funds, they are in dire need of insurance.

Some statistic here: https://magoo.github.io/Blockchain-Graveyard/

Bittrex never been hacked, damn very secure exchange.   Let's it inchain on their site first. 

---------Inchain:
Hi,
Nice to meet you.
I'm a founder of crypto insurance startup called Inchain. We allow users of exchanges and wallets to insure their accounts against hacker attacks.
We're seeking to establish partnership with you.
Currently we are at the stage of fundraising through ICO and offering you to join our media campaign.
We are generating a lot of buzz in media with our press releases and will be happy to mention you as one of the companies who have agreed to participate in pilot program. In exchange we're asking you to publish our press release in your blog and social media.
---------Exchange:
What would the pilot program look like? I'm not sure how this would work.
---------Inchain:
We intend to offer to Exchange customers to insure their risks of losses if (excuse me but) Exchange will be hacked.
---------Exchange:
You can see why we wouldn't market or endorse this, right? Smiley We would be telling our customers they should worry about security.
---------Inchain:
Insurance - it's the next level of your security. Almost every exchange was hacked. Look at Bitfinex for example. If exchange's customer can insure their risks - it is better for them or not?
---------Exchange:
There is a difference between the insurance I would buy that would cover the whole exchange vs. marketing that individual users purchase insurance against their accounts. One is part of our overall security strategy and risk management posture for our users, the other would convey a lack of confidence in our ability to protect our users. We would not do the latter.
If you have a trading token, we'd certainly work with you on that but we aren't going to directly market your product to our users.

So that was bittrex's answer?

I don't want reveal who was the "exchange". But you can guess  

That guy you quoted said bittrex, and you post the dialog history, must be bittrex. 

I didn't say it 

[myferrari]

I think they should have insured exchanges, those are at the highest risk.
With about 1/3 of all exchanges suffering hacks before, and customers losing funds, they are in dire need of insurance.

Some statistic here: https://magoo.github.io/Blockchain-Graveyard/

Bittrex never been hacked, damn very secure exchange.  Let's it inchain on their site first.  

---------Inchain:
Hi,
Nice to meet you.
I'm a founder of crypto insurance startup called Inchain. We allow users of exchanges and wallets to insure their accounts against hacker attacks.
We're seeking to establish partnership with you.
Currently we are at the stage of fundraising through ICO and offering you to join our media campaign.
We are generating a lot of buzz in media with our press releases and will be happy to mention you as one of the companies who have agreed to participate in pilot program. In exchange we're asking you to publish our press release in your blog and social media.
---------Exchange:
What would the pilot program look like? I'm not sure how this would work.
---------Inchain:
We intend to offer to Exchange customers to insure their risks of losses if (excuse me but) Exchange will be hacked.
---------Exchange:
You can see why we wouldn't market or endorse this, right? Smiley We would be telling our customers they should worry about security.
---------Inchain:
Insurance - it's the next level of your security. Almost every exchange was hacked. Look at Bitfinex for example. If exchange's customer can insure their risks - it is better for them or not?
---------Exchange:
There is a difference between the insurance I would buy that would cover the whole exchange vs. marketing that individual users purchase insurance against their accounts. One is part of our overall security strategy and risk management posture for our users, the other would convey a lack of confidence in our ability to protect our users. We would not do the latter.
If you have a trading token, we'd certainly work with you on that but we aren't going to directly market your product to our users.

So that was bittrex's answer?

I don't want reveal who was the "exchange". But you can guess  

That guy you quoted said bittrex, and you post the dialog history, must be bittrex.  

I didn't say it  

Some hints:
1. the other would convey a lack of confidence in our ability to protect our users. We would not do the latter. --- Bittrex is the safest exchange, bittrex shows security since they were founded since 2014
2. If you have a trading token, we'd certainly work with you on that but we aren't going to directly market your product to our users. ---- bittrex is actively listing new and reliable coin, of course inchain is a reliable project.

BTW, OP you answer us so quickly, very active. 

[someone111]

When will you update signature campaign spreadsheet, accept new users?

[Sergey_Inchain]

When will you update signature campaign spreadsheet, accept new users?

We check all campaigns every Saturday

[Kazadar]

Any updates on the legal status of Inchain?

Which countries are you looking getting registered in and what are the plans for dealing with identity requirements for token holders?

[ttg43]

Which countries are you looking getting registered in and what are the plans for dealing with identity requirements for token holders?

If you participated in the last hangouts meeting, you would know the answer to the first part of the question:)

[Kazadar]

Which countries are you looking getting registered in and what are the plans for dealing with identity requirements for token holders?

If you participated in the last hangouts meeting, you would know the answer to the first part of the question:)

But if I knew I wouldnt be asking.

[ttg43]

Which countries are you looking getting registered in and what are the plans for dealing with identity requirements for token holders?

If you participated in the last hangouts meeting, you would know the answer to the first part of the question:)

But if I knew I wouldnt be asking.

one of the options - hong kong. only one i can remember)

[Sergey_Inchain]

Any updates on the legal status of Inchain?

Which countries are you looking getting registered in and what are the plans for dealing with identity requirements for token holders?

Hi,

We are looking for the best jurisdiction for Inchain, the candidates: Switzerland, UK, Hong Kong.

Also Dmitry is actively working with Adam Vaziry for the legal structure of Inchain.

Today I connected with Stephen Palley (https://www.linkedin.com/in/stephendpalley). He published some great articles about legal DAO aspects:
https://www.linkedin.com/pulse/how-sue-dao-stephen-palley
https://www.linkedin.com/pulse/blockchain-jurisdiction-stephen-palley

I asked them to look on Inchain concept and reveal his opinion. Maybe he will agree to help us with legal terms.

[jacaf01]

see this picture in thread iconomi

Breaking Bad, hope inchain is going to make me that much money

[Sergey_Inchain]

see this picture in thread iconomi

Breaking Bad, hope inchain is going to make me that much money

Sure))

[Kazadar]

Any updates on the legal status of Inchain?

Which countries are you looking getting registered in and what are the plans for dealing with identity requirements for token holders?

Hi,

We are looking for the best jurisdiction for Inchain, the candidates: Switzerland, UK, Hong Kong.

Quote from the article you posted earlier https://medium.com/@piersbxd/should-a-dao-have-a-legal-entity-715a9cf31301#.v4wxpbir1

In some ways a DAO legally may be based wherever you want it to be, although countries with large numbers of free trade deals are generally going to be preferred if you do decide on the legal thing. USA/EU are good starting points.

Is there a reason that all of your candidates are outside US/EU?

As far as I can tell, of the three only Switzerland allows anonymous partners and requires that at least one director lives in Switzerland.

For Switzerland and UK avoiding double taxation on dividends could be an issue for token holders.

Compliance in Hong Kong does seem pretty reasonable but as far as I can tell still requires all token holders to be registered with the company.

[Sergey_Inchain]

Any updates on the legal status of Inchain?

Which countries are you looking getting registered in and what are the plans for dealing with identity requirements for token holders?

Hi,

We are looking for the best jurisdiction for Inchain, the candidates: Switzerland, UK, Hong Kong.

Quote from the article you posted earlier https://medium.com/@piersbxd/should-a-dao-have-a-legal-entity-715a9cf31301#.v4wxpbir1

In some ways a DAO legally may be based wherever you want it to be, although countries with large numbers of free trade deals are generally going to be preferred if you do decide on the legal thing. USA/EU are good starting points.

Is there a reason that all of your candidates are outside US/EU?

As far as I can tell, of the three only Switzerland allows anonymous partners and requires that at least one director lives in Switzerland.

For Switzerland and UK avoiding double taxation on dividends could be an issue for token holders.

Compliance in Hong Kong does seem pretty reasonable but as far as I can tell still requires all token holders to be registered with the company.

Because the law is not my strong skill I'll ask Dmitry to answer you. Dmitry, could you?

[losoya]

When will you update signature campaign spreadsheet, accept new users?

please check your signature,you put the wrong signature

[someone111]

When will you update signature campaign spreadsheet, accept new users?

please check your signature,you put the wrong signature

Thanks! And fixed. I didn't notice my account was promoted.

[artatagg]

ICO Inchain delay start. update on Facebook admin.

[lombok]

hi all, im member now

[scambust]

I don't want reveal who was the "exchange". But you can guess  

Man, Bittrex is a death sentence. Recent ICOs that Bittrex adds afterwards ALL GO UNDER ICO PRICE.

Go straight to Poloniex or at least the Chinese exchanges. I'm warning you.