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Author Topic: [ANN] fidentiaX-World's 1st Blockchan Mktplace for Tradable Insurance Policies  (Read 9084 times)
fidentiaX
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October 16, 2017, 04:42:25 PM
Last edit: October 17, 2017, 05:44:48 AM by fidentiaX
Merited by sabotag3x (1)
 #1

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fidentiaX
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October 16, 2017, 04:53:59 PM
 #2

That's all? Grin

I did have to stop my designer for putting in more bells and whistles.... my apologies for "disappointing" you.  Grin
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October 16, 2017, 05:34:25 PM
 #3

Reserved for Bounty announceent.

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kamikadze69
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October 16, 2017, 05:43:14 PM
 #4

Reserve indonesian translation if needed

Bitcointalk account URL: https://bitcointalk.org/index.php?action=profile;u=41126;sa=summary
Bitcointalk name: kamikadze69
language: Indonesia
Rank: Hero Member
Your choice to translate: (ANN, BOUNTY and WP)
Are you ready to post and moderate: yes
Translation portfolio link:
https://bitcointalk.org/index.php?topic=2204271.0
https://bitcointalk.org/index.php?topic=2174485.0
https://bitcointalk.org/index.php?topic=2203892.0
https://bitcointalk.org/index.php?topic=2195720.0
https://bitcointalk.org/index.php?topic=2196235.0
https://docs.google.com/document/d/1zCVyjAkUDG-F3Rx7TjSIWCfJ_QHhgGnh35Uknxm9P-Y/edit
ETH address: 0x6660fa51A3544b4a423889CC4D54C12ADe1B8D86
BTC address: 1MoKKrW4LRJjsVijnvp8M7DJMLogiSm8cP


regards
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October 16, 2017, 05:54:31 PM
 #5

i like marketplace because more useful and many ICO with marketplace concept always succes i will stay in here until ICO ends
waiting for open bounty too  Grin
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October 16, 2017, 06:01:57 PM
 #6

i like marketplace because more useful and many ICO with marketplace concept always succes i will stay in here until ICO ends
waiting for open bounty too  Grin

thank you for your vote of confidence! Smiley
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October 16, 2017, 06:07:50 PM
 #7

max supply ?
fidentiaX
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October 16, 2017, 06:22:13 PM
 #8

max supply ?

Max supply is at 130,000,000 fdX tokens.
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October 16, 2017, 06:34:21 PM
 #9

max supply ?

Max supply is at 130,000,000 fdX tokens.

thank you and good luck
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October 17, 2017, 02:13:47 AM
 #10

Bounty reservation please  Cool
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October 17, 2017, 02:22:22 AM
Last edit: October 17, 2017, 03:06:37 AM by jcarl987
 #11

Sounds like a great concept but I can't understand the ICO prices. Surely you can't be looking to sell 100,000,000 tokens at 1 eth per 500. That would give you a target of ~$6.5bn raised from the ICO and more than $1.5bn worth of tokens going to the founders. I must be missing something.

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October 17, 2017, 03:18:56 AM
 #12

Sounds like a great concept but I can't understand the ICO prices. Surely you can't be looking to sell 100,000,000 tokens at 1 eth per 500. That would give you a target of ~$6.5bn raised from the ICO and more than $1.5bn worth of tokens going to the founders. I must be missing something.

hi @jcarl987, thank you very much for your question. We are putting up 100,000,000 fdX tokens for the Crowd Token Contribution at an exchange of 1ETH:500fdX, lets assume ETH is at US$330 today.
100,000,000/500*330=US$66mil.

In our whitepaper, we have allocated 70% of the fund raise towards building a model porfolio with the following objectives:
-Demonstrate the benefits of having tradable insurance policies in an investment portfolio. Key statistics of the portfolio will be shared on the platform (e.g. portfolio size, average yield at maturity, average investment tenure, etc.)

-Facilitate trades on the platform during the initial stage, this will be done through direct acquisition of policies in a number of countries and listing them on the platform. This is necessary while we build market awareness of the first global marketplace for tradable insurance policies.

-Utilize the portfolio returns (3%p.a.~4%p.a) to fund future development of the platform as well as funding a non-profit foundation to proliferate the adaptation of blockchain technology in the Insurance Industry.

The total amount raised may seems to be a high number, however the insurance industry is a multi-trillion market and surrendered value in Singapore, Malaysia, Hong Kong, South Korea and Japan combined exceeds $700billion in a year.

Another point we would like to highlight, founder's token are "vested" over a period of 3 years from end of Crowd Token Contribution, i.e. founders will only be allowed to release 30%/30%/40% of the tokens progressively. We are in this for the long haul.
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October 17, 2017, 03:30:59 AM
 #13

Sounds like a great concept but I can't understand the ICO prices. Surely you can't be looking to sell 100,000,000 tokens at 1 eth per 500. That would give you a target of ~$6.5bn raised from the ICO and more than $1.5bn worth of tokens going to the founders. I must be missing something.

hi @jcarl987, thank you very much for your question. We are putting up 100,000,000 fdX tokens for the Crowd Token Contribution at an exchange of 1ETH:500fdX, lets assume ETH is at US$330 today.
100,000,000/500*330=US$66mil.

In our whitepaper, we have allocated 70% of the fund raise towards building a model porfolio with the following objectives:
-Demonstrate the benefits of having tradable insurance policies in an investment portfolio. Key statistics of the portfolio will be shared on the platform (e.g. portfolio size, average yield at maturity, average investment tenure, etc.)

-Facilitate trades on the platform during the initial stage, this will be done through direct acquisition of policies in a number of countries and listing them on the platform. This is necessary while we build market awareness of the first global marketplace for tradable insurance policies.

-Utilize the portfolio returns (3%p.a.~4%p.a) to fund future development of the platform as well as funding a non-profit foundation to proliferate the adaptation of blockchain technology in the Insurance Industry.

The total amount raised may seems to be a high number, however the insurance industry is a multi-trillion market and surrendered value in Singapore, Malaysia, Hong Kong, South Korea and Japan combined exceeds $700billion in a year.

Another point we would like to highlight, founder's token are "vested" over a period of 3 years from end of Crowd Token Contribution, i.e. founders will only be allowed to release 30%/30%/40% of the tokens progressively. We are in this for the long haul.


My bad, sorry. I knew something was off somewhere. $66m is still a lot but it's not totally insane. I'll be keeping an eye on this, thanks for the detailed reply!

P.S I think you made a mistake in one of the images in your ann post, the details for Varis Sayed.

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October 17, 2017, 04:06:01 AM
 #14

this project has a promising future with excellent developers and a great marketing team
stay waiting for bounty  Smiley
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October 17, 2017, 04:09:58 AM
 #15

Will there be any bounty campaigns?
fidentiaX
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October 17, 2017, 05:45:30 AM
 #16

Sounds like a great concept but I can't understand the ICO prices. Surely you can't be looking to sell 100,000,000 tokens at 1 eth per 500. That would give you a target of ~$6.5bn raised from the ICO and more than $1.5bn worth of tokens going to the founders. I must be missing something.

hi @jcarl987, thank you very much for your question. We are putting up 100,000,000 fdX tokens for the Crowd Token Contribution at an exchange of 1ETH:500fdX, lets assume ETH is at US$330 today.
100,000,000/500*330=US$66mil.

In our whitepaper, we have allocated 70% of the fund raise towards building a model porfolio with the following objectives:
-Demonstrate the benefits of having tradable insurance policies in an investment portfolio. Key statistics of the portfolio will be shared on the platform (e.g. portfolio size, average yield at maturity, average investment tenure, etc.)

-Facilitate trades on the platform during the initial stage, this will be done through direct acquisition of policies in a number of countries and listing them on the platform. This is necessary while we build market awareness of the first global marketplace for tradable insurance policies.

-Utilize the portfolio returns (3%p.a.~4%p.a) to fund future development of the platform as well as funding a non-profit foundation to proliferate the adaptation of blockchain technology in the Insurance Industry.

The total amount raised may seems to be a high number, however the insurance industry is a multi-trillion market and surrendered value in Singapore, Malaysia, Hong Kong, South Korea and Japan combined exceeds $700billion in a year.

Another point we would like to highlight, founder's token are "vested" over a period of 3 years from end of Crowd Token Contribution, i.e. founders will only be allowed to release 30%/30%/40% of the tokens progressively. We are in this for the long haul.


My bad, sorry. I knew something was off somewhere. $66m is still a lot but it's not totally insane. I'll be keeping an eye on this, thanks for the detailed reply!

P.S I think you made a mistake in one of the images in your ann post, the details for Varis Sayed.

thanks for highlighting!
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October 17, 2017, 05:50:39 AM
 #17

this project has a promising future with excellent developers and a great marketing team
stay waiting for bounty  Smiley

thank you for the endorsement!
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October 17, 2017, 05:53:15 AM
 #18

Will there be any bounty campaigns?

yes, please keep a look out for it.
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October 17, 2017, 10:10:32 AM
 #19

this project has a promising future with excellent developers and a great marketing team
stay waiting for bounty  Smiley
thanks for showing interest bounties will be started today.

.#1 DeFi for Bitcoin Platform.            ███   ███
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October 17, 2017, 02:57:20 PM
 #20

Ok this looks a very very interesting blockchain project.

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