CRYPTOCOIN INSURANCE

Introduction

CRYPTOCOIN Insurance is the first option exchange with the possibility of falling deposit insurance. Cryptocoin Insurance allows insuring the risks of falling or rising prices for basic cryptocurrency.

An option is a contract according to which a buyer of an option gets a right, not an obligation, to make a purchase or sale of an asset at a predetermined price, during a certain period of time in the future. In this case, the seller of the option bears the obligation to sell the asset accordingly or buy it from the buyer of the option in accordance with its terms.

The work of the exchange will start with 5 cryptocurrencies with maximum market capitalization. Further, as demand and turnover increase, additional cryptocurrency will be connected. Cryptocoin Insurance sells insurance both for growth and for the fall of Bitcoin or ether. Cryptocoin Insurance’s own risk repacks and sells/buys in the form of options on its own stock exchange.

Not having a physical bitcoin or ether, you can buy an option to drop them, actually having carried out uncovered sale. This opportunity brings to the market a huge number of new traders, investors and speculators, as well as Hjedzhfondov, putting not only on growth, but also on the fall of markets.

The company Cryptocoin Insurance has developed a simple and clear model of the value growth of the token CCIN. With each commission received by the option Exchange, 30% of the funds will be sent to the liquidity fund. Every next month Cryptocoin insurance sends them to buy CCIN tokens from the market and burn them.

CRYPTOCODE INSURANCE allows you to guarantee the falling prices or growth risks for large crypto currencies.

Problem

There is no solution to ensure that Bitcoin or Ethereum deposits do not fall. At the same time, there is an increase in volatility in this market that causes people to be afraid to save large amounts of money in encryption currency. On the other hand, large companies are slowly entering the market (for example, to receive payments in encryption currency) for the same reason.

Solution

The exchange will begin operating with 5 crypto currencies, which has a maximum market share. Moreover, as demand and turnover are increasing, we will add other crypto currencies. CRYPTOCOIN INSURANCE sells both Bitcoin or Ethereum growth and insurance falls. In this way he protects the risk. There is no competition on the market to maintain a significant margin of 20%. INSURANCE CRYPTOKOIN repackages and sells / buys own risk as an option in its own exchange.

INSURANCE CRYPTOKOYN has started the first currency exchange in the world

Problem

There is no special exchange of data on crypto courses where you can buy / sell options. The main fear of creating such a stock exchange is the increasing instability. It seems that everyone who deals with stocks, oil or wheat, the risk is very high.

Solution

The main fear of the Crippto currency market is the increase in volatility. But is that true?

Let’s look at an example with a personalized stock market. For example, customers sell options for parts from ZZZ. Today is Saturday and the market is closed. There were unexpected good news and stocks rose 2-10 times when the market was opened on Monday. On the other hand, option sellers suffer great losses.

The advantage of the crypto currencies market, as opposed to shares or commodities, is that it operates 24 hours a day. And throughout its existence (about 10 years), there has never been any news that will quickly transfer the price of Bitcoin or Ethereum to at least 30-50%. In fact, if it’s just one blue chip (coin), the encryption currency market is far safer for option sellers than the other markets we’re used to.

Options allow for short sales

ProblemThere are still no short selling opportunities on the crypto market. No one can sell an encryption currency that is not physically in the account for a short time. This reduces speculators’ ability to smooth price fluctuations in other markets. This in turn leads to an increase in the volatility and the consequences mentioned in the clause. 1 and 2 above.

Solution

Without physical Bitcoin or Ethereum, you may be able to drop and actually realize unpublished sales. This opportunity has led to the market many new traders, investors and speculators, as well as hedge funds that invest money not only in growth but also in the fall of the market.

Market size

The market capitalization of the Crimson currency amounts to hundreds of billions of dollars. The daily volume of trade is at the level of 10-20 billion dollars.

The market sizes of options for commodities and stocks vary from country to country and account for 1-5% of the total underlying market. In this way, we can calculate the potential volume of the optional crypto direction mainstream market at $ 50-250 million a day.

However, the calculation does not take into account that options really offer short selling opportunities that can not currently be done with the exchange of crypto currencies. This will contribute to a further increase in seller demand for tools.

Why now

• There are around one thousand exchanges and no option exchange
• The rapid growth of hedge funds interest to the cryptomarket is not satisfied because of the lack of options and the possibility of short sales
• We have assembled a team of professionals who know everything about the options market and are ready to make on it not revolutionary but innovative changes

How It Works

Hedging Risks

Any natural or legal person can hedge the risk of the growth or fall of the main cryptocurrencies: BTC, ETH, XRP, etc. The insurance is paid at a fixed cost. The client

is guided by the following data:

• The current asset price,
• The hedged asset price,
• The number of the hedging days, and
• The cost of hedging

In fact, the process is identical to insuring a car or a house.

Option Exchange

Since the launch of the exchange, it will present call and put options for Bitcoins and Ethers. Any user of the exchange will be able to sell or buy each of these options.

• Call option – to purchase an asset. The option gives the right to buy the asset in the future at a certain price.
• Put option – to sell the asset. The option gives the right to sell the asset in the future at a certain price.

Buyers of call and put options are not required to buy or sell the asset. However, sellers of put and call options are required to buy or sell the asset, if it is required by option holders.

Each option presented on the exchange has its due date, for example 5, 10, 50, 100 days.

Options are quoted in the 24/7 mode (24 hours a day). It means that the option can be sold or purchased throughout the life of the contract.

ICO Details

General Information

Token: CCIN

Platform: ERC20

Standard: Ethereum

Quantity: 100 million CCIN

Price: 3.000 CCIN = 1 ETH

Payment: ETH

Soft Cap: 500.000 USD

Hard Cap: 10 million USD

KYC: NO

ICO

Count: –

Start: 01.11.2018

Completion: 27.12.2018

ROADMAP

February 2018

Formation of the concept of insurance of Kriptovaljutnogo market and exchange Cryptocoin Insurance

March-April 2018

Building a project Team

May 2018

Market research, identification of competitive advantages

June 2018

Start Preparing ICO

August-October 2018

Advertising campaign

November-December 2018

Implementing ICO

January 2019

Listing of CCIN tokens and listing on cryptocurrency exchanges

February 2019

Launch of an option exchange with 5 cryptocurrencies

March 2019

Beginning of sales of insurances on growth/falling of the market

April 2019

First redemption of tokens from the market and their burning

May 2019

Adding 3 new cryptocurrency

July 2019

Daily turnover of 10 million dollars

September 2019

Addendum 2 cryptocurrency (total 10) to the stock Exchange

December 2019

Daily turnover of 50 million dollars

TEAM

Denis Syomin

Project Manager

Maxim Berry

Technical Director

Stanislav Brzhozovskij

Head of trading/Options Department

More information contact :

Website : http://ccin.io/

Whitepaper : http://ccin.io/doc/Whitepapereng.pdf

ANN Thread : https://bitcointalk.org/index.php?topic=4948618

Twitter : https://twitter.com/ccin_official

Facebook : https://www.facebook.com/ccinofficial/

Telegram : https://t.me/ccin_official

Medium : https://medium.com/@ccin_official

Author : Upik05

BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=2205131

Address wallet

0x6B4D2B44e4FB4648FE87029C4ddf00Da999127c4