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

[electronicash]

so there is no plan to develop the first phase and continue seconds ICO for the second phase?
seem like they didn't plan ahead of time for this. the refund is much of a work than doing an ico for the 2nd time to acquire the required funds.

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[nowclever]

so there is no plan to develop the first phase and continue seconds ICO for the second phase?
seem like they didn't plan ahead of time for this. the refund is much of a work than doing an ico for the 2nd time to acquire the required funds.

Their tech and business plan is not enough to raise 1.75M USD, ark, wings, much better than inchain but only raise less than 2k btc so far, 1.75M is a dream

[killerjoegreece]

Greek Ann is updated https://bitcointalk.org/index.php?topic=1607220.0

[kurniajim]

when inchain distributed? 2017? 

[kalpit]

The refund is near to this project. The minimum requirement won't get reach soon. And all of the amounts will be getting a return to the hand of the investor. the competition in ico is very strict at this time.

Maybe, you won't get refund. They can try to start the project with the money they in ico.

It would be good for everyone, I think.

Or they can launch it as an DAO on wings in January 2017.

Dev confirmed before that they would not continue if the fund is fully raised, so he will surely get refund.

But later on he said,

Is that possible to launch the project with the current fund raising?

I'm not sure.

He could have simply said no, there were no chances of deploying the tokens with funding. Recently Sergey also said that they are discussing many questions. Maybe, they are planning to make some changes to their business model to start with current investment.
 The next important thing would be the investments in insurance linked bonds. If there are not enough investments in it too, then the project may fail.

[altcoinrich]

The refund is near to this project. The minimum requirement won't get reach soon. And all of the amounts will be getting a return to the hand of the investor. the competition in ico is very strict at this time.

Maybe, you won't get refund. They can try to start the project with the money they in ico.

It would be good for everyone, I think.

Or they can launch it as an DAO on wings in January 2017.

Dev confirmed before that they would not continue if the fund is fully raised, so he will surely get refund.

But later on he said,

Is that possible to launch the project with the current fund raising?

I'm not sure.

He could have simply said no, there were no chances of deploying the tokens with funding. Recently Sergey also said that they are discussing many questions. Maybe, they are planning to make some changes to their business model to start with current investment.
 The next important thing would be the investments in insurance linked bonds. If there are not enough investments in it too, then the project may fail.

Chaning terms to get fund even they have not enough fund, i consider it is a bad choice, men should not keep promise, he should not be a man. 

[Kazadar]

He could have simply said no, there were no chances of deploying the tokens with funding. Recently Sergey also said that they are discussing many questions. Maybe, they are planning to make some changes to their business model to start with current investment.
 The next important thing would be the investments in insurance linked bonds. If there are not enough investments in it too, then the project may fail.

They are looking into doing the project with VC funding or similar.

The money invested will be returned if their 1.75M target isnt met. But they may find another way to continue the project.

[electronicash]

The refund is near to this project. The minimum requirement won't get reach soon. And all of the amounts will be getting a return to the hand of the investor. the competition in ico is very strict at this time.

Maybe, you won't get refund. They can try to start the project with the money they in ico.

It would be good for everyone, I think.

Or they can launch it as an DAO on wings in January 2017.

Dev confirmed before that they would not continue if the fund is fully raised, so he will surely get refund.

But later on he said,

Is that possible to launch the project with the current fund raising?

I'm not sure.

He could have simply said no, there were no chances of deploying the tokens with funding. Recently Sergey also said that they are discussing many questions. Maybe, they are planning to make some changes to their business model to start with current investment.
 The next important thing would be the investments in insurance linked bonds. If there are not enough investments in it too, then the project may fail.

Chaning terms to get fund even they have not enough fund, i consider it is a bad choice, men should not keep promise, he should not be a man. 

We just need to check first what they've come up. maybe its something to consider because its something of a waste if we just throw these all away.
Maybe they can discuss things first.

[mone1]

So, the goal for this project is 2000 btc?

For now,there is no goal for this project.I mean there is no cap for the fund raising.

Ok, if not goal at the end ico, it will be close the project and refund?

According to the ICO terms you should get a refund if the minimum amount is not collected during the crowdfund.

The refund is near to this project. The minimum requirement won't get reach soon. And all of the amounts will be getting a return to the hand of the investor. the competition in ico is very strict at this time.

Gotta agree, there's too much potential ICO this 2 month. Golem, SingulardTV, Iconomi, Wings, Komodo, Vdice, First Blood. Usually the one which are builded on ETH Platform has better succeed rate

I agree with you, and maybe inital delay of the ico was also a problem for some people......

[BTCSpearo]

I very much liked the value proposition of this project as well as the open an honest communication between the Devs and the community. Unfortunately the road map and organizational structure was less than ideal and I didn't feel I would see an ROI for a very long time. The project seems a bit directionless. I hope they can re-group and find a different way forward, because a DAO focused on providing insurance to the crypto community is a much needed asset to the developing infrastructure of this new economy. Best of Luck.

[vincetcm]

I bought it at 1btc

[JeffBrad12]

I very much liked the value proposition of this project as well as the open an honest communication between the Devs and the community. Unfortunately the road map and organizational structure was less than ideal and I didn't feel I would see an ROI for a very long time. The project seems a bit directionless. I hope they can re-group and find a different way forward, because a DAO focused on providing insurance to the crypto community is a much needed asset to the developing infrastructure of this new economy. Best of Luck.

Nope, you can read all of the sentences in this link. I mostly agree with a lot of penalties has mentioned by him.https://medium.com/@danielzakrisson/the-crowdsale-analyst-inchain-where-is-the-market-113d6b14e0ab#.7pzsmvc96

[BTCSpearo]

I very much liked the value proposition of this project as well as the open an honest communication between the Devs and the community. Unfortunately the road map and organizational structure was less than ideal and I didn't feel I would see an ROI for a very long time. The project seems a bit directionless. I hope they can re-group and find a different way forward, because a DAO focused on providing insurance to the crypto community is a much needed asset to the developing infrastructure of this new economy. Best of Luck.

Nope, you can read all of the sentences in this link. I mostly agree with a lot of penalties has mentioned by him.https://medium.com/@danielzakrisson/the-crowdsale-analyst-inchain-where-is-the-market-113d6b14e0ab#.7pzsmvc96

Fair points, I still think there's a place for insurance in the Crypto space. Augur and Gnosis may be accurate, but every now and then the swarm will be wrong and it will be nice to have insurance. Maybe decentralized exchanges and multi coin wallets will make exchange insurance obsolete but perhaps escrows will be a point of centralization and therefore wish to insure funds as crowdfunding in this format proves to be an effective way to raise capital. I don't really know the answers, but I think centralization is not going to disappear entirely, nor should it, and distributed form of insurance may make some sense for an evolving ecosystem. Unfortunately now is probably not the time for Inchain to succeed.

[Paidi]

He could have simply said no, there were no chances of deploying the tokens with funding. Recently Sergey also said that they are discussing many questions. Maybe, they are planning to make some changes to their business model to start with current investment.
 The next important thing would be the investments in insurance linked bonds. If there are not enough investments in it too, then the project may fail.

They are looking into doing the project with VC funding or similar.

The money invested will be returned if their 1.75M target isnt met. But they may find another way to continue the project.

I also hope that if this project fails they search for a solution and continue with a better offer
I think one of the reasons for the failure of this project is scheduled to coincide with the other ICO
so investors have many options to invest so for the next project should consider it.

[metropolia]

Officially dead? What a pity, great idea but fund is short, it is all-in or nothing game, you work for many months but got 0 funds, so does campaign guys

[jacaf01]

The refund is near to this project. The minimum requirement won't get reach soon. And all of the amounts will be getting a return to the hand of the investor. the competition in ico is very strict at this time.

Maybe, you won't get refund. They can try to start the project with the money they in ico.

It would be good for everyone, I think.

Or they can launch it as an DAO on wings in January 2017.

This is a new angle to it, launch their DAO on wings platform, but the issue is their token distribution, it was fixed for distribution, assuming Inchain sell their token like 1ETH = 100 Inchain tokens the team can decide to continue with the platform with the fund raise now and when development has reached a certain confidence level, they can later come out for second ICO

[drnash85]

Kraken.com is down!!! This mean there is a MARKET for Inchain!!!!

[szafa]

Kraken is down,not only one market is kraken.

[topesis]

Kraken.com is down!!! This mean there is a MARKET for Inchain!!!!

I think people don't understand stand Inchain concept/idea, I hope it is not an hack, but if it is an hack, this is a reason to join inchain ICO insurance for the crypto economy.

[kalpit]

Kraken is down,not only one market is kraken.

Kraken is working for me.

Even if it was hacked, there is no chance of Inchain reaching the threshold amount. I mean, it is too late to do marketing about how Inchain could have Insured funds of users kraken.
As someone said above, they have to look VC funding. Also, they cannot start the project if they don't pass the threshold and have refund the participants of ico.

Holding second ico is not possible. They cannot start the project if they don't reach the threshold, as it was written in there whitepaper.