CRYPTOCOIN INSURANCE -The first option exchange with insurance

Trading is an adaptation of English which means exchanging goods or services from one party to another.
The exchange activity arises because of specialization and division of labor (specialization of labor). That is, because the individual's skills have been conical and divided, they only focus on the production of a particular item or service specifically. As a result, they do not have enough time and resources to meet all their needs.
Therefore, trading activities underlie each individual to exchange goods or services produced by them with their individual needs. The earliest trading activity was known as barter, the simplest form of exchange before standardization of exchange instruments such as money was discovered.
After the discovery of a currency, trading activities undergo changes. The exchange process becomes much more efficient with the emergence of a division of supply (sell) with a request (buy). Because of this increase in efficiency, individuals have the potential to get a profit surplus or profit compared to their initial capital.

But 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 Solution to do it :

About project

Options are a financial derivative sold by an option writer to an option buyer. The contract offers the buyer the right, but not the obligation, to buy (call option) or sell (put option) the underlying asset at an agreed-upon price during a certain period of time or on a specific date. The agreed upon price is called the strike price. There are many option types. One options can be exercised any time before the expiration date of the option, while other options can only be exercised on the expiration date (exercise date). Exercising means utilizing the right to buy or the sell the underlying security.

The project is divided into two parts: option exchange and insurance company :

1. Traders and hedge funds conclude deals on purchase and sale of stock options
2. Other clients, who don’t want to know how option works can purchase insurance for growing or fall of the main cryptocurrencies

• 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 launches the world’s first option cryptocurrency exchange : 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.

CRYPTOCOIN INSURANCE has two main sources of income

Option Exchange

The profit is generated as a trade commission from each operation on purchasing or selling options. It is 0.5% per transaction or 1% per circle for each of the transaction parties.

Taking into account the volatility of options and huge opportunities for profit, this commission is not significant for market participants. However, it allows the exchange to earn a high income as compared to usual cryptocurrency exchanges due to the total lack of competition. In case of competitors in the future, the amount of the exchange commission can be proportionally reduced.

Insurance Company

The income is generated by selling cryptocurrency growth/decline insurances

How It Works

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

CONCLUSION

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.

TOKEN DETAIL

Price of tokens                          1,500 CCIN tokens = 1 ETH

Date of ICO                                  November 1, 2018 – December 27, 2018

Minimum collection amount          $0.5 M

ICO main target                          $5 M

Maximum collection amount $10 M

TOKEN ALOCATION

ROADMAP

ADVISOR

TEAM

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AUTHOR : Letty sits

Profile Link : https://bitcointalk.org/index.php?action=profile;u=1856247