Sharpe Capital fills $8million pre-sale ICO registration

London-based Blockchain firm Sharpe Capital has reached their $8 million goal in less than a month of the project’s launch and before their scheduled ICO pre-sale has even started.

With scientists from the University of Oxford, UC Berkeley and capital market experts working on the project the group aims to develop a crowd sourced market sentiment platform on global equities and blockchain enabling users to earn Ethereum in exchange for their opinion.

The firm is hoping to raise a further $8 million in November through the issuance of SHP tokens via the Ethereum blockchain. This will take place during a 7 day discounted pre-sale, beginning 6th November and will be followed by a 28 day crowd sale, resulting in a total cap of $20MM USD.

Sharpe Capital has been widely talked about in recent weeks due to the partnership agreement with TaaS, the first-ever tokenized closed-end fund dedicated to blockchain assets.

Dimitri Chupryna, co-founder and a Managing Partner at TaaS commented:

“Sharpe have developed a unique approach to evaluating market insight in real-time, in a way that drives significant value for both sentiment providers and investors using the data. To have filled their $8 million pre-sale so far ahead of launch is fantastic; we are very pleased to support Sharpe and their vision”.

The technology behind Sharpe Capital focuses on neural networks to look for patterns in financial data that are predictive of future asset prices.

Crypterium Presents an Innovative Mobile Digital Bank Project at the Coin Agenda International Conference

Crypterium is coming to the Coin Agenda international conference, which begins in Las Vegas on October 24, with the prototype of an already functional mobile digital banking app. It’s expected that Crypterium’s developers will demonstrate a mechanism for making withdrawals from accounts using QR codes.

Coin Agenda is sometimes called Christmas for the cryptocurrency crowd. The international conference, which attracts the industry’s leading professionals, is the jumping-off point for many startups. Crypterium will present the final model of its innovative cryptobank to the world community. The subject of the presentation will be the working principles of the payment infrastructure and ways of making account withdrawals using QR codes. Austin Kimm, one of the company’s founders and co-author of the Crypterium’s White Paper, talks in more detail about this and other solutions at Coin Agenda:

“The main objective of the Crypterium cryptobank is to solve the problem of using cryptocurrency in everyday payments. Achieving this objective is precisely what QR technology is needed for. Retail outlets that don’t accept virtual currencies will be able to receive an individual code using our app. The customer then transfers the payment amount in cryptocurrency to this code, and the vendor’s account receives it in fiat.”

For Crypterium the Coin Agenda conference not only offers an opportunity to present its product to a wide audience, but is also the last serious test before the launch of its ICO: the event is being held a week before sales starts. Their American agenda includes among other things meetings with potential token holders and representatives of cryptofunds. Crypterium is currently negotiating with funds from Europe, the United States, Japan, the United Arab Emirates, and Singapore.

About the Crypterium project:
Founded in 2017, Crypterium plans to combine a mobile bank, cryptopayment solutions for business, an OpenAPI cryptofinance platform for developers, and the opportunity to obtain decentralized cryptoloans. The cryptobank offers solutions in three areas: use of cryptocurrencies by individuals for everyday payments, provision of a revolutionary infrastructure for cryptocurrency acquiring for business (including with the payment of fiat funds to vendors), and simplifying the procedures for obtaining cryptoloans, while at the same time giving outside developers open access to its cryptobanking platform.

About the company:
Crypterium is an Estonian company with its head office in Tallinn. The Crypterium team has been working in finance and technology for more than five years, successfully creating contactless payment solutions. The Crypterium teams includes leading specialists from several industries: Steven Polyak, a highly experienced investment banker with his main focus of interest on the American and Russian capital markets; Austin Kimm, head of a number of financial services companies and strategic consultant to international companies; Gleb Markov, a financial technology, banking, and cryptocurrency professional with over 10 years’ experience; and Vladimir Gorbunov, an entrepreneur with more than 10 successful new IT ventures to his credit.

Project website: https://crypterium.io
Facebook: https://www.facebook.com/crypterium.io
Twitter: https://twitter.com/@crypterium
Telegram: https://t.me/crypterium
BitcoinTalk: https://bitcointalk.org/index.php?topic=2214098

Growing Social Media Influencer Market Now Has It’s Own Cryptocurrency: The indaHash Coin

World’s fastest growing influencer marketing platform debuts ICO to revolutionize the influencer industry

indaHash.com, the global technology platform that connects more than 300,000 digital influencers with a combined reach of 1 billion followers to brands around the world, today announced the launch of their ICO (initial coin offering). The indaHash Coin is a universal cryptocurrency payment structure available to social media

influencers, their audiences and brands. indaHash is introducing an ecosystem that enables influencers to create their own cryptocurrencies, which would value the activity of their audience. With the introduction of the indaHash Coin, indaHash will solve a wide range of issues and challenges between influencers, brands and audiences, while allowing their network of global influencers to play a part in the rapidly growing cryptocurrency market. The ICO pre-distribution will begin on November 8, 2017 and pre-registration for tokens is now open.

Because of a highly structured crypto-economic system, the indaHash Coin has the potential to become the world-standard currency for settling all influencer activities, reflecting the value of this growing market. This ICO paves the way to enable simplified, seamless deposits on an innovative and secure platform, while granting digital tastemakers access to a leading-edge form of payment. It comes from an international business with a proven product, established track record, healthy revenue and recognizable clients including Coca-Cola, McDonald’s and L’Oreal.

How it works: The indaHash crypto-economic system works between three groups: brands, influencers and audiences.

Brands
Brands use indaHash Coin to pay for marketing campaigns with influencers. Because of this, influencers, no matter where they are located, can receive payments immediately, eliminating the 30-60 day waiting periods for payments. As part of a completely new service, “Pay-With-Fame”, influencers will have the possibility of exchanging their earned indaHash Coins for a variety of different offers from brands. For example, influencers will receive early access to limited edition products, as well as events and exclusive workshops. The new feature will change the way brands work with influencers by allowing influencers to receive exclusive discounts on products and services they wouldn’t normally receive. Brands will also benefit from this feature by receiving authentic reviews from desirable trendsetters.

Influencers
Influencers, based on indaHash Coin, can create their own tokens and use them to increase their audience engagement by rewards and gamification. They are also able to exchange their tokens for payout, or hold onto them in hopes their value will grow with time based on the cryptocurrency marketplace. Most importantly, payout with indaHash Coin will allow them to be an integral part of the growing and evolving cryptocurrency industry.

Audience (followers)

Influencer audiences can use collected tokens and exchange them for exclusive actions set by the influencer for their community. For example, customized prizes personalized by the influencer, one on one meetings and other social activities.

Barbara Soltysinska, co-founder of indaHash.com commented, “As a business, we exist in the digital realm so it makes perfect sense to open up the platform to transactions in cryptocurrency which is rapidly growing in popularity. With the introduction of indaHash Coin, we want to tokenize the influencer marketing world and create a revolution in terms of brand cooperation and audience development, solving a wide range of issues and challenges between influencers, brands and fan bases.”

Timeline, implementation and distribution of the indaHash ICO:

  • Pre-ICO will begin on November 8, 2017 and will run for 7 days with participants enjoying a bonus for early adoption
  • ICO structure will be built on proven smart contract technology and perform an immediate exchange of indaHash Coins from Ethereum
  • The final number of indaHash Coins created will be determined by how many tokens are released in the ICO
  • 80% of all coins are available during pre-ICO and ICO. A maximum of 18% of the total supply of coins will be used to engage and educate existing and new influencers

At the time of this release, the indaHash app is used by over 300,000 social media users in 70 countries. Twenty percent of the token emission will be used to help educate influencers and motivate them to actively use and fully understand the benefits of the indaHash Coin.
As cryptocurrency gains legitimacy and traction within the global financial market, opening up this form of payment to social influencers allows indaHash to be at the forefront of creating a new business model for the influencer marketing industry and stay highly innovative.

For more information or to pre-register for token sales visit indahash.com/ico.

Whitepaper download: https://indahash.com/assets/images/ico_landing/reports/indahash_whitepaper_ico.pdf

###

Contact:
Allie Maltese
Head of US Communications
[email protected]
908-510-4778

About indaHash:
indaHash – is an international technology platform that automates content marketing campaigns with digital influencers on Instagram, Facebook and Snapchat. It was launched at the beginning of 2016. Since then, the platform has been used to execute over 1000 campaigns in EU, MENA, USA, South Africa, India (in total, over 70 markets) for brands such as Coca-Cola, McDonald’s, P&G, or L’Oreal. The app has over 300,000 registered digital influencers with a total reach of over half a billion followers.

Copy-Trading Platform for Crypto Assets, Covesting, launched Pre-ICO on October 20th

he Covesting project captured ample media attention since it was announced by Dmitrij Pruglo, as it is the first of its kind, copy-trading platform for crypto currencies.

What Covesting Platform Offers

Covesting allows less-versed cryptocurrency investors to automatically copy the trades of the expert traders on the platform, thus increasing their chances to make profit from the trades. In return, the expert traders get 18% of the profits made by followers copying his trade, and Covesting takes 10% towards facilitation. Considering that Covesting charges an additional 2% of the total deposited amount, the investor still makes over 70% of the original profit without getting involved in the actual trading.

Mr Dmitrij Pruglo, the CEO spoke to the media and said, “it’s a very exciting moment for us as we go into the pre-ICO stage. We have worked hard for this and we are looking forward to a very positive response from the market. The market is vastly centralized which is why it is plagued with perennial issues like opacity, scams, unethical deals and often, immoral and illegal deals. With decentralization and blockchain, we are here to erase those problems and connect the investor to the trader, for direct profit sharing.”

Exclusive Advantages of Covesting pre-ICO sale

In order to develop the platform within shortest period of time, Covesting team has decided to go for Initial Coin Offering (ICO). Covesting pre-ICO is followed quickly by the ICO which runs from November 24 to December 23, 2017. However, the pre-ICO deal is much better than the ICO offer. Some of the exclusive advantages of the pre-ICO deal are

  • Discounted Rate: COV prices are kept 300 COV for 1 ETH which is more than 70% discount compared to the final stage ICO rate of 130 COV for 1 ETH. Even if we compare it against the best rate during the ICO, which is 200 COV for 1 ETH, this is a 50% more than that. This makes the pre-ICO particularly enticing.
  • Limited Coins: Unlike many other coins where as much as 20% coins are available during the pre-sale, Covesting is bringing only 7.5% coins to the market during this phase. Why is this good for the early investor? Because, not many investors can get these coins at that rate and that pulls up the actual value of the early investor’s coins up.
  • Low investment: Some ICOs want as much as 50 ETH as minimum purchase during pre-ICO, Covesting wants only 0.1 ETH (30-32 USD) as the minimum investment. Thus, Covesting is perfect even for the smaller investors.
  • Profitability: As soon as the platform goes live in 2018 the price of the COV coins is expected to go up as more traders, experts and investors join the bandwagon, thus, creating a higher demand for these coins.

Covesting provides exceptional opportunity to take part in the token crowdsale and benefit from the platform growth by purchasing Covesting Tokens prior to the beta-version launch of the copy-trading system.

Intependently rated ICO. Growing team of professionals.

The ICO has already gone through a third-party audit, where ICO Bench rated Covesting a 4.7/5.0 which is much higher if compared with its peers. The Covesting team has also added four additional advisors in the past week to the project. Vlad Dobrov, an entrepreneur and ICO advisor based in New Zealand with 19 years of financial industry experience; Mounir Fallah, the Executive Director at FXQuantum who has 12 years in brokerage and asset management experience based in the United Arab Emirates; Ivan Klykov, CEO of Invest Idei and an ex-head portfolio manager from Russia; and Andrey Gromak a director at Barings Private Finance have all joined the team to assist with functionality and feature development on the Covesting platform.

Covesting pre-ICO Details

  • Coin Name: COV
  • Coins available in pre-ICO: 1,500,000 (7.5% of total coins)
  • pre-ICO date: 20th Oct 2017 – 19th Nov 2017
  • Price: 1 ETH = 300 COV
  • Target: 5000 ETH

Pre-ICO shall be executed on first-come, first-served basis, therefore availability of tokens can’t be guaranteed for all interested participants.

Learn more about Covesting: https://covesting.io
Covesting whitepaper: https://covesting.io/Covesting_White_Paper.pdf
Follow Covesting on Facebook at: https://www.facebook.com/covesting
Follow Covesting on Twitter: https://twitter.com/covesting
Join Covesting Telegram channel at https://t.me/covesting
Website: www.covesting.io

Crypterium to hold an ICO for a revolutionary mobile cryptobank project, during which it expects to collect USD 75 million.

On October 31, 2017, the Estonian company Crypterium will hold an ICO (Initial Coin Offering). Crypterium is a mobile cryptobank that allows instant payments, the exchange of fiat and cryptocurrencies, cashback from transactions, the issue of crypto loans and much more. The goal of the project is to create an integrated banking service that brings together all the best capabilities and possibilities of blockchain technology. Soon we will see the launch of crypto-fiat payment infrastructure that supports settlements at 42 million points of sale throughout the world, in all areas of consumer services: cafes, filling stations, paid parking, Internet stores, etc.

Using the cryptobank will be just as easy as using an ordinary debit card. After creating an account, users will be able to transfer digital cash to their accounts, which will be shown as a fiat balance in US dollars, rubles, euros, or any other currency that is convenient for the user. It will be the first transaction system ever not to impose restrictions such as daily limits, and will not force users to wait several weeks for a plastic card to be issued. “Crypto” transactions will be performed in retail networks using the Visa, MasterCard or UnionPay payment systems, or with the support of Apple Pay, Samsung Pay or Android Pay mobile services.

The Crypterium token sale will start in two weeks. ICO participants will be offered the company’s own CRPT tokens, which will be based on the Ethereum platform. The starting price has been set at 0.0001 BTC per token. Based on the agreements reached, the CRPT token will be introduced to the largest cryptoexchanges on the completion of the ICO, but not earlier than 30 days after reaching the fund collection targets.
The ICO will run until January 13, 2018. During this period, Crypterium’s founders expect to collect around USD 75 million. The resources gathered through the ICO will be used for the full-fledged launch of the cryptocurrency bank, which will commence its work in QI-II of next year.

“Our token will perform two functions. The first will be similar to the ‘gas’ used in Ethereum. In our case it will be used to support and develop Crypterium. There will be a 0.5% charge on each transaction performed on our platform, which will be used to purchase tokens from the exchange that will be burned during the performance of operations. This will ensure stable demand and, accordingly, a growth in the value of token. The second function involves the formation of a token fund called the Monthly Cashback Fund, which will receive 30% of our economic benefit obtained from the fee paid by a business for the use of our platform,” comments Steven Polyak, Managing Director and Co-Founder of Crypterium.

Registration of ICO participants will commence on October 24, 2017. Tokens can be purchased for either crypto- or fiat currency.

About the project:
Crypterium is a cryptobank founded in 2017 that plans to combine a mobile bank, cryptocurrency payment solutions for business, an OpenAPI cryptocurrency platform for developers, and the ability to receive decentralized crypto loans. The Cryptobank offers solutions in three areas: use of cryptocurrencies by individuals for everyday settlements, a revolutionary infrastructure for cryptocurrency acquisition by businesses (including with the transfer of fiat currencies to sellers), and simplified procedures for receiving crypto loans, all while retaining open access to its cryptobank platform for outside developers.

About the company:
Crypterium is an Estonian company headquartered in Tallinn. The Crypterium team has been working in fintech for more than five years, successfully creating contactless payment solutions. The team includes leading specialists from several industries at once: Steven Polyak, an investment banker with work experience on the US and Russian capital markets; Austin Kimm, financial services CEO and international strategist for multinational companies; Gleb Markov, fintech, banking & cryptocurrency professional; and Vladimir Gorbunov, an entrepreneur with more than 10 successful IT startups.

Project website: https://crypterium.io
Facebook: https://www.facebook.com/crypterium.io
Twitter: https://twitter.com/@crypterium
Telegram: https://t.me/crypterium
BitcoinTalk: https://bitcointalk.org/index.php?topic=2214098
For additional information contact [email protected]

Flyp.me launches instant accountless exchange with 50% profit sharing

In the volatile and tense crypto space, there is a new accountless exchange that takes a firm stance opposing Segwit2X. Flyp.me just launched with 14 cryptocurrencies, shares 50% of the profits and has the ambitious goal of becoming the leading accountless exchange.

The team at Flyp.me came out recently with a fully working exchange that doesn’t require any registration whatsoever. Users only need their crypto address to make an exchange. No email required and no lengthy wait to see the deposit hit your account.

With Flyp.me, the user only chooses the amount to exchange, which cryptocurrency to send to Flyp.me and which cryptocurrency to receive back. It’s fast and as simple as sending a transaction and receiving your exchanged crypto straight in your wallet.

This team opposes Segwit2X and supports the key role of overall consensus. They aim to rebalance the power between users of an exchange and the exchange itself. Flyp.me focuses on the speed, privacy and ease of use of its exchange service. It also uses distributed policy-making to take the best path for the community and the future of the exchange.

It is fully working and has a growing user base. New coins have already been added with PIVX – last week – becoming the 14th cryptocurrency accepted. The Flyp.me team plans to implement new coins, integrate decentralized asset platforms and invest in R&D for 2nd layer solutions. To finance that, they are running an ICO now. They have raised a little more than 2,000 ETH and the ICO will finish in a few days.

During the ICO, Flyp.me generates FYP Tokens which receive benefits such as 50% share of the profits generated by the exchange, the ability to propose new features or coin additions, vote for key decisions and audit volumes. After the ICO, no additional FYP Tokens will be created meaning the same amount of tokens will share 50% of the profits.

Every three months, Flyp.me will distribute 50% of the profits to FYP Token owners in proportion to their ownership of tokens. Following the first two payouts, the timing of the payout will be voted by the FYP Token owners.

Flyp.me is developed by the team at HolyTransaction, the multicurrency wallet launched in 2014 and still active today. They have also released an API that allows businesses and developers anywhere to accept multicurrency payments via Flyp.me. Interestingly, the API is permissionless so anyone can start using it right away.

If you want to know more, visit Flyp.me

You can connect with others interested in Flyp.me on their Telegram, Twitter and Facebook

Announcing the Leverj Token Sale

Leverj is a decentralized, leveraged cryptocurrency futures exchange. The Leverj token sale, which is supported by ConsenSys, begins on November 7, 2017 and the whitelist registration is currently open.

The idea of decentralization is infectious as it is irresistible. People new to crypto are astonished at the possibility of holding assets and trading without relinquishing control to a third party. Then they are hooked. Once you taste freedom you never want to go back …

… except for the user experience. Current DEX offerings cannot compete with the speed and responsiveness of centralized exchanges. If it takes 60 seconds to know if your order went through or 3 days to settle a trade on chain, users fatigue and give up. This traps crypto traders in centralized exchanges and mainstream traders in fiat exchanges.

Leverj can offer the high speed of centralized exchanges by keeping the critical path of order-cancel-fill off the blockchain. Segregated wallets ensure only an account owner can deposit and withdraw funds. Fraud-proofs move the verification into the hands of the users keep the blockchain cost light and the smart contract simple.

Fraud-proofs are necessary because any centralized component can be compromised and can be used to skim and favor a colluding user. A user’s cancelled order for example, may be held and matched at an adverse price. Repeated a few million times over many users, skimming can be a serious attack that is unnoticed for a while.

On Leverj users can simply submit a fraud proof to the smart contract and prevent any loss of funds. Combining segregated wallets and fraud proofs combines the safety of decentralized exchanges with the responsiveness of centralized exchanges.

Our token sale starts Nov 7th and is open to non-U.S., non-China persons. To avoid a last minute rush, you can sign up on our whitelist.

Want to learn more?

DARFchain (Waves-DEX: DARF) was the only one blockchain solution on ERP conference “ODOO Experience – 2017”.

darf chainOttignies-Louvain-la-Neuve, Belgium – The world’s first DARFChain solution for the integration of opensource ERP Odoo and smart contracts Ethereum with strong expertise in ICOs audit was presented at the October, 4-6 partner’s conference Odoo experience – 2017.

Stanislav Taktaev, CEO of DARFChain, presented the decision to the founders of Odoo Fabien Pinckaers and Antony Lesuisse, made an on-stand presentation of the product and held series of negotiations with Odoo’s partners.

Over 10 agreements was reached on the preparation of pilot projects in different countries, from Belgium and France to Tunisia and Australia.

Participants of the exhibition noted the novelty of such products with strong expertise and transparency, and the possibilities of its application in various fields – logistics, customs, distributed accounting. DARFchain was the only one blockchain solution to over 2,400+ participators and over 60 exhibitors.

As a result, a network of partners – testers and implementers of DARFChain will be formed and pilot projects will be launched.

DARFChain’s team develops an inter-planetary Distributed Accounting Resource and Finance management system on blockChain to help businesses in whole world entering to non-fiat economy (tokenomy). It can reduce poverty, we guess, if everybody will can issue and use tokens in everyday life.

In beginning of September DARFChain’s report about ICOs audit become a base to article in Forbes by Roger Atkinson:

https://www.forbes.com/sites/rogeraitken/2017/09/05/sci-fi-crypto-icos-versus-real-business-icos-breaking-down-the-hype/#53ef53dc239f

Right now DARFChain finish developing of free-scalable version of ERP on IPFS (“Interplanetary File System”) and working on the “DARFBoard” – control and audit instrument of ICO projects, for crowdinvestors.
Early, DARFChain made successful integration Odoo ERP, BigchainDB and Ethereum: http://www.the-blockchain.com/2017/09/21/darfchain-successfully-implements-distributed-erp-system-encompassing-odoo-bigchaindb-ethereum-technology/

DARFchain: Join Tokens sale before 1. November 2017

 

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DARFchain (Distributed Accounting, Resources and Financials on blockchain) is an open-source blockchain based Enterprise Resource Planning solution operating on BigchainDB, Ethereum and Waves platforms. The startup was founded in May 2017 by Konstantin Bakulev and Stanislav Taktaev. DARFchain has its headquarters in Moscow.
http://darfchain.com/

Odoo (formerly OpenERP) is an open source all-in-one ERP/management software that includes CRM, eCommerce, accounting, inventory, PoS and project management solutions. Odoo is being developed by OpenERP S.A., Belgium.
https://www.odoo.com/

CRYPTO20 Set For ICO After Successful $5M Pre-Sale

The minimum fund cap was reached within hours of the pre-sale launch on 7 October 2017.

CRYPTO20’s goal is to bring peace-of-mind cryptocurrency investment to mainstream investors. It is an index fund that holds and autonomously rebalances a data science proven portfolio of the top 20 cryptocurrencies.

Actively managed funds have consistently failed to beat the market index despite decades worth of data, billions of dollars and hundreds of analysts at their disposal. When they have, their fees dilute investor returns to less than if they had simply held the index.

Due to rising crypto prices, the fund value per token exceeded the price of tokens being sold. Pre-sale investors were able to acquire $1.10 of underlying crypto assets for $0.95 per token.

The CRYPTO20 pre-sale is now over, with over 2000 backers from 93 countries and $5 million in total funds raised. The main ICO starts on the 16th of October 2017 at 18:00 GMT and ends on the 30th of November at 00:00 GMT.

A Finished Product Offering Value Now

The fund’s token, C20, is a representation of an investor’s share of the fund, and the fund’s value is equal to the combined value of its assets. CRYPTO20, unlike many of the other offerings in the marketplace today, is a finished product and not a platform.

As evidence of this fact, CRYPTO20 has released trading tools and insights that are generated live from the 8 exchanges connected to the system via API. The trading tools are available here and include information on slippage, the best price and trading pair to acquire assets with and the volume by exchange.

Token-holders are able to liquidate the C20 token for their share of the underlying assets via the smart contract. By going directly to the end-user as a cryptocurrency itself, CRYPTO20 gives investors the ability to sell or exchange their tokens at will. The fund is fully AML/KYC compliant and operates as a registered LLC in the Cayman Islands, a popular fund jurisdiction.

The CRYPTO20 fund mitigates risk and volatility and historically has provided better returns than the market cap leader, bitcoin, alone.

Discover more at https://www.crypto20.com.
Join the CRYPTO20 Slack channel and chat with the founding team directly.

Token Sale for Aigang Network Opens on 15th November

The insurance industry is days away from a technological and business milestone. The Aigang Network’s token sale on November 15th brings together Internet of Things devices and Autonomous Insurance, promising self-paying insurance claims on a subset of the 55 billion IoT products forecastto be produced over the next eight years. Aigang has created Proof of Concept products on the Ethereum blockchain that detect faults or failure dates (initially in mobile phones) and pay insurance claims to the user without the requirement for any human oversight. In other words, we are creating an insurance DAO; a Distributed Autonomous Organisation.

The Aigang insurance software, which includes all policy details, can be bundled with a device so that it is active when started-up or opted-in during configuration. The software detects imminent failure of components and triggers a payment automatically if insurance conditions are met.

Candidates for this solution include phones, drones, fitness trackers, gaming consoles, home electronics, white goods, cameras and watches.

Autonomous Insurance is not limited to completely automated use cases, since Aigang’s protocols provide for aspects of a product’s insurance policy to be passed off to conventional reinsurers. In other words, some claims for your self-driving car might require manual oversight, some may be automatically dealt with. This enlarges the universe of products that can access Aigang’s insurance.

The Proof of Concept app, on the Ethereum Testnet platform, has more than 7000 downloads and around 2000 smart insurance contracts have been issued. Aigang has deployed smart contracts that issue policies, conduct risk assessment and process claims. It has also deployed smart contracts that perform insurance profit calculations, create reserves and tokenise the insurance risk pool. The protocol architecture is able to integrate other insurance products.

There are a number of other innovative aspects to the Aigang Network, including the use of prediction markets to evaluate the viability of insurance products. Aigang are incentivising insurance industry experts and business analysts to participate in these prediction markets by rewarding successful predictions with status and tokens.

Internet connectivity is becoming the default for new products. All these devices, vehicles, appliances and systems are potentially insurable. Automating insurance will drive down policy costs, increase the diversity of insurance products and disintermediate inefficient insurers. Aigang is positioned to be a leading player in this space.

Advisors to the project include Bok Khoo (blockchain) and Niv Calderon (IoT). The team comprises longstanding insurance industry executives based in Europe and Asia, as well as developers with experience on all relevant technology platforms.

Aigang has already raised 10% of its total target funding. 60% of funds raised in the token sale will be applied to protocol development, with 15% allocated to security, 15% to operations and marketing, and 10% to legal and consulting expenses.

The token sale is individually capped during the first 24 hours and early-stage contributors can register here prior to Token Sale which is on November 15th, 13:00 UTC.