Tuesday, October 30, 2018

CCIN - CRYPTOCOIN INSURANCE



CCIN tokens will be placed during the ICO. Their total number is strictly fixed. All tokens that are not redeemed during the placement will be destroyed. They will never be issued additionally. They will be placed by using the Ethereum smart contract. The fixed number of CCIN tokens guarantees their buyers the increase in their value as the exchange earnings grow. Tokens will be introduced to the cryptocurrency exchanges within 30 days after the end of the ICO.

CCIN Token Growth Potential

The CRYPTOCOIN INSURANCE Company has developed a simple and understandable model for the increase in the CCIN token value. 30% of each commission obtained by the option exchange will be directed to the liquidity fund. Within the next month CRYPTOCOIN INSURANCE sends these funds to purchase CCIN tokens from the market and burns them.

This business model is adopted solely in the interests of our investors. The promise to buy tokens from the future profits cannot be transparent. Moreover, the exchange or the platform may never have the profit physically. In case of CRYPTOCOIN INSURANCE tokens, investors know exactly that each option purchase/sell transaction generates the cash flow used to buy tokens.

This allows constantly shifting the market balance and increase the demand for CCIN tokens.

If the turnover is $50 million per day, the commission for both sides of the transaction will be $500,000 or $15 million a month. 30% of this amount or $5 million are sent monthly to buy CCIN tokens from the market.

Problem Description


  • There is no solution to insure the deposit in Bitcoin or Ethereum from falling.
    • At the same time in this market there is increased volatility that makes people be afraid to store large funds in the cryptocurrency. On the other hand, large companies are slow to enter the market (for example, to accept payments in a cryptocurrency) for the same reason.
  • There is no special cryptocurrency exchange where you can buy/sell options. 
    • The main fear of creating such stock exchange is the increased volatility, too. It seems to everyone who deals with options for stocks, oil or wheat that the risks are enormous.
  • There is still no short selling opportunity in the cryptocurrency market. 
    • Nobody can sell a cryptocurrency that is physically absent on the account within a short period of time. This reduces the speculators’ ability to smooth price fluctuations in other markets. In its turn it causes the volatility increase and consequences enumerated in cl. 1 and 2 above.

Solution


  • CRYPTOCOIN INSURANCE allows you to insure price falls or growth risks for major cryptocurrencies.
    • The exchange will start operating with 5 cryptocurrencies that have the maximum market. Furthermore, as the demand and turnover increase, we will add other cryptocurrencies.

      CRYPTOCOIN INSURANCE sells both Bitcoin or Ethereum growth and fall insurance. Thus, it hedges its risk. No competition in the market allows maintaining a significant margin on the level of 20%. CRYPTOCOIN INSURANCE repackages and sells/buys its own risk as options on its own exchange.
  • CRYPTOCOIN INSURANCE creates 2 the first option exchange.
    • The main fear of options in the cryptocurrency market is the increased volatility. But is it really so?

      Let us consider an example with the habitual stock market. For example, a client sold an option for a share of the ZZZ Company. Today is Saturday, and the market is closed. There is unexpected good news and the stock grows 2-10 times at the opening of the market on Monday. In its turn, the option seller suffers huge losses.

      The advantage of the cryptocurrency market unlike the stock or commodity one is that it operates 24 hours a day. And for the whole period of its existence (about 10 years), there has never been any news that would quickly shift the price of Bitcoin or Ethereum by  at least 30-50%. In fact, if it goes only about blue chips (coins), the cryptocurrency market is much safer for option sellers than other markets that we got accustomed to.
  • Options enable short sales.
    • Without having physical Bitcoin or Ethereum, it is possible to get an option for their falling, and actually carry out uncovered sale.

      This opportunity brings to the market a lot of new traders, investors and speculators, as well as hedge funds who put money not only on the growth but also on the fall of markets.

Token Details


ICO StartNovember 1, 2018
ICO EndDecember 27, 2018
NAMECryptocoin
SYMBOLCCIN
PRICE3000 CCIN  = 1 ETH
TYPEERC20 Token
SOFT CAP$0,5 M
ICO TARGET$5 M
HARD CAP$10 M

    More Info

    Ann Thread Bitcointalkhttps://bitcointalk.org/index.php?topic=4948618
    Websitehttp://ccin.io/
    Whitepaperhttps://ccin.io/doc/Whitepapereng.pdf
    Facebookhttps://web.facebook.com/ccinofficial/?_rdc=1&_rdr
    Twitterhttps://twitter.com/ccin_official
    Mediumhttps://medium.com/@ccin_official
    Github-
    Linkedinhttps://www.linkedin.com/company/cryptocoin-insurance/
    Telegram Chathttps://t.me/ccin_official
    ICO Bench Profilehttps://icobench.com/ico/cryptocoin-insurance
    Ratings4.6
    Author : mriansa
    https://bitcointalk.org/index.php?action=profile;u=886049
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