Cryptocoin Insurance (CCIN) ICO Details & Financial Information

Trading on the cryptocurrency market has already passed several development stages: from the first centralized exchanges where there were almost no volumes up to several hundred exchanges where the leaders have a turnover that exceeds one billion dollars a day. Recently the US Securities and Exchange Commission (SEC) has authorized trading of Bitcoin futures at the largest US stock exchanges.

The market is getting more and more like ordinary stock and commodity markets. However, one of the segments many players and especially hedgers cannot avoid is completely inaccessible today. It goes about options.

An option is a contract according to which the option buyer acquires the right, rather than the obligation, to buy or sell an asset at a predetermined price during a certain period of time in the future. In this case, the option seller has an obligation to sell the asset accordingly or buy it from the option buyer in accordance with its terms and conditions.

In the habitual world options are traded at stock exchanges that have a huge turnover. Usually one party of the transaction is represented by speculators who want to make a profit, while the other party is companies that want to insure their risks (for example, from a sharp fall in prices).

Why hasn’t such stock exchange been created on the cryptocurrency market yet? There are a number of reasons that will be considered below. Now we will point at one of them. Few people understand what options are. That is why it seems that the demand for this service is low.

In fact, it is huge. Merely the players that form this demand cannot find the appropriate instrument they need, first of all, for insuring risks.

CRYPTOCOIN INSURANCE offers such instrument to its clients – the deposit insurance (or a part of it) from growth or fall.

For example, a client pays insurance in the amount of 0.1 Bitcoin for the deposit in the amount of 3 Bitcoins. If the price decreases by 15% within 3 days, he gets the right to get the insurance in the amount of the deposit fall – 0.45 Bitcoins.

In case of the insurance event, CRYPTOCOIN INSURANCE pays the client the insurance from the previously obtained insurances. If there has been no insurance event, the insurance paid by the client will be the company’s income.

In fact, this is the option mentioned above. However, in order not to confuse a huge number of clients who do not understand and do not want to deal with options, CRYPTOCOIN INSURANCE has created a two-in-one solution:

CRYPTOCOIN INSURANCE launches the world’s first option cryptocurrency exchange. CRYPTOCOIN INSURANCE creates an insurance company, places options in the insurance that is understandable for everyone, and hedges its risks on the option exchange.

In most cases the company that is the first to enter the market is known to become a leader, and always takes its largest share. Today CRYPTOCOIN INSURANCE has no competitors and occupies the entire market.