Umbrella Coin

[MadPanda]

Just learned from another post they will be rolling out a prototype before they even launch which's is awesome news.
Here's a link to that article .
https://medium.com/@umbrellacoin/dev-update-week-of-july-30th-c5a073206df4

[1715008705]

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[1715008705]

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[omerchip]

shitcoin

[MadPanda]

shitcoin

How so? Calling something shit with no leg to stand on is not a argument.
Honestly it doesn't get much lazier then a one word answer so please explain.

[Shahin320]

umbrella coin still marketing for promote. now many ico's coin are good and umbrella one of them I think.I am also joining this campaign, so I hope they are give me some special. let's see what happen...

[BitFarmer75]

exciting!

[Butchick]

I don't know much about this coin and it's quite young but if its project will attract a lot of investors, then i think it will have a promising future. However, since this coin is new and still needs further development, we can never expect a 100% assurance that it will truly succeed but we can cross our fingers and hope it will.

[MadPanda]

While I love this project Its Dev teams experience, and its potential to help the community it has going for it,  I'm still curious to know what kind of defenses this platform will have from potential for Facebook/Reddit/4chan groups trying to exploit the voting system. I know there's talk about vote limitation but what about someone who creates multiple accounts?

[cryptoisdafuture]

I do like the fact they aren't becoming yet another insurance firm using blockchain rather than traditional structures. Then you'll face regulatory hurdles sooner or later, and eventually be taken down by the insurance cartel. Complementing insurance is a smart idea, where these guys are covering hidden costs such as deductibles, pre-existing conditions, copays etc. which insurances due to their monopolies deny. So for the product, I am really optimistic.

As far as business model and money-making potential, I've been trying to follow them on various platforms to get a better idea and my best guess is they're relying on 1) investing unpaid amounts into other cryptocurrencies or just let UMC gain in value by creating an increased demand for their products; 2) have termination fees for canceling policies mid-term. There was discussion in the white-paper on various strategies to keep the pool solvent.

The only concern from these remains is how legitimate these guys are. There I started analyzing with credentials: developers in decent companies, with a fair mix of some marketing guys. They've a github page, which keeps getting updated. But the most surprising for me was having a staging app much before their crowdsale. That made me optimistic they are actually in it for building the product, and not just asking for our money like many other ICOs have done. One thing which scares me is regulatory hurdles they might face down the road if ICO's start getting regulated by SEC, but as of now that's not a concern so I am Bullish on it.

[Katashi]

Not sure about this coin . But there are many better altcoins in pre ICO stages currently which are genuine and if some investment made in this coins may yield you good returns for future. Do you research before investing in any unknown altcoins as they may lead a heavy loss to you .

 agree with him i believe i had a glimpse with this umbrella thing but not yet read it in details. As per the comment above i reccomend the same thing. Conduct some researches about the devs and the project alone that will.l help you determine if it's really a promising ICO.

[sujonali1819]

this coin is now presale mode.The team are trying to promote their project.So at this moment we cant sure about this project.but the if the ico will be success then we can think positive avout umbrella coin.

[bustomi]

Umbrella coin still in ico so if we like the system of this coin, we can always support this coin through buying token or promoting this coin

[cryptoisdafuture]

Holy shit, I missed the bit on presale. Is it already on? Where did you read it? If there is some bonus, I better get on this quick.

[bjjobg55206]

Holy shit, I missed the bit on presale. Is it already on? Where did you read it? If there is some bonus, I better get on this quick.

are you kidding me ?
you had read the whitepaper?
have you see the website ?
nobody is foolish in this website,I think you just want some guys join in this project
it's ridiculous

[cryptoisdafuture]

Yea, I read the whitepaper-- it sounded like a legitimately good idea. I had some concerns, and indeed started a post to seek opinions on investing into this ICO. Their team sounds good + they have working prototypes already, and they're filling in a much needed space. I am sorry I kind of missed what your objections were?

[MadPanda]

The site isn't the most flashy but its still good and understandable, The white paper has evolved quite a bit from the start and the progress there team has made is a sign that there's good potential here.
They just drop there bonus for the pre-release with a 100% more tokens for the first 5000 ETH dropped along with a update for there client on the medium.

[Giapmanhdong]

I think it might be worth it. I read their print newspapers and it makes a lot of sense. investment made in this coins may yield good returns for future.

[Pele Legend]

Umbrella Coin is a next generation insurance platform built on the Ethereum blockchain. Our goal is to provide value to our policyholders with residual benefits when life events happen.

[cryptoisdafuture]

And they're getting listed in various sites such as ICO Countdown, Dapps.ethercast etc. and got a very high rating (4.1) by a rating company (I will have to look up which one it was-- don't remember off the top of my head). A hard-working team with a committed marketing is what makes a product great and I see the future to be bright with UmbrellaCoin.

[BitFarmer75]

It is possible in the future that umbrella coin could get partners?

[QueenOf]

I found a new coin here that looks like the next big thing. My friend was talking about it how they have a plan to help people with financial stress. So far they are building a system that is leading up to that.
here is the web site

https://www.umbrellacoin.org/

I am new to this. I just want to hear any opinions from anyone that knows.

Hello, well you can find the social media campaign for this coin here with the linked mentioned in my reply, this campaign is running since 17/07/2017.  https://bitcointalk.org/index.php?topic=2027272.0 visit this and join if you want.

I'm interested with this ICO, Insurance is a huge market share. This is an opportunity, and I see this is a good concept.