Cryptocoin Insurance is the first option exchange with the possibility of insuring deposits against falls
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Option is a financial derivative sold by the author's option to the buyer option. A contract with a buyer offers rights, but not an obligation to buy (call option) or sell (put option), an underlying asset at an agreed price for a certain period of time or at a certain time. The agreed price is called the exercise price. There are many types of options. An option can be made at any time before the option expiration date, but several other options can only be made on the expiration date (training date). The exercise means the right to buy or sell the underlying asset. That really sounds very heavy, so this project has been divided into two parts, namely the exchange option and the insurance company.
To get client insurance, you can pay 0.1 BTC for deposits in the amount of 3 BTC. If the market price drops to 15% in 3 days he is entitled to insurance in the amount of the deposit falling -0.45 BTC. In the case of insurance, Insurance Cryptocoin pays insurance from insurance that has been obtained beforehand, but if there is no insurance, the insurance that has been paid by the client and will be the company's income.
CRYPTOCOIN INSURANCE allows you to be able to ensure falling prices or growth risks for major cryptocurrency.
Problem: There is no solution to ensure savings in Bitcoin or Ethereum so the price does not fall. At the same time, there is an increase in market volatility that makes people afraid to save large funds in cryptocurrency. On the other hand, many large companies are late to enter the market (for example, to receive payments in cryptocurrency) for several reasons that are the same.
Solution: The exchange will start operating with 5 cryptocurrency that has a maximum market. Then if the request and turnover starts to increase, we will add some other crypto. Cryptocoin Insurance sells both the growth of Bitcoin and Ethereum and insurance falls. That way it will protect the risk. There is no competition in the market which can maintain a significant margin at the level of 20%. Cryptocoin Insurance will repack and sell / buy the risk itself as an option in its own exchange.
Cryptocoin Insurance will launch the world's first choice cryptocurrency currency exchange
Problem: There is no special exchange where you can buy / sell options. The main fear of creating such a stock exchange is increasing volatility too. It seems that everyone who deals with options for stocks, wheat or oil which has a very high risk.
Solution: The main fear of options on the cryptocurrency market is an increase in volatility. Is that true?
"This is an example of a custom stock market. For example, clients sell options for part of the XXX Company on Saturdays, and markets close. But there is unexpected good news and the stock grew 2-10 times at the market opening on Monday. In turn, option sellers also suffered heavy losses."
The advantage of the cryptocurrency market is not like stocks or commodities, that it operates 24 hours a day. And for the entire period of its existence there has never been a news that will quickly change the price of Bitcoin or Ethereum at least 30-50%. In fact, if only coins, the cryptocurrency market is much safer for option sellers compared to other markets.
Options allow short sales
Problem: It's very difficult to find short sales opportunities in the cryptocurrency market. No one can sell cryptocurrency that is physically not on the account in a short time. This reduces the ability of speculators to facilitate price fluctuations in other markets. In turn it will cause an increase in volatility and consequences.
Solution: Without having a physical Bitcoin or Ethereumn it is possible to get the option to fall, and actually will carry out sales that are not revealed. This opportunity will make the market have many new traders, speculators and investors and hedge funds that place money not only on growth but also on the fall of the market.
Why Now?
Market size
Cryptocurrency market capitalization has hundreds of billions of dollars and trading volume is at the level of $ 10-20 billion per day.
The size of the options market for commodities and stocks has differences in each country, and is 1-5% of the total market assets. Thus we can calculate the potential volume of the market option for basic cryptocurrency in the amount of $ 50-250 million per day.
However, the calculation does not take into account that the option will actually provide opportunities for short sales which currently cannot be done on cryptocurrency exchanges. This will contribute to an increase in additional seller requests for instruments.
Information on tokens and token sales:
Ticker: CCIN
Platform: Ethereum
Token Type: ERC20
Available for sale: 75,000,000 CCIN (75%)
Price of tokens: 1,500 CCIN tokens = 1 ETH
Date of ICO: 1 November 2018 - 27 December 2018
Minimum collection amount: $ 0.5 M
ICO main target: $ 5 M
Maximum collection amount: $ 10 M
Token allocation:
Allocation of Collected Funds:
Potential Growth of CCIN Tokens
Cryptocoin Insurance company has developed a model that is easy to understand and simple for the potential to increase the value of CCIN tokens. There will be 30% of each commission earned by the option exchange to be used as a liquidity fund. In the following month Cryptocoin Insurance will send these funds to buy CCIN tokens from the market and then burn them. This makes it possible to shift the market balance and increase the demand for CCIN tokens.
If the turnover reaches $ 50 million per day, the commission for both sides of the transaction will be $ 500,000 or $ 15 million per month. 30% of this amount or $ 5 million will be sent every month to buy CCIN tokens from the market.
That is some information that I can convey about the Cryptocoin Insurance project, for more information you can visit some of the Cryptocoin Insurance official sites:
Website: http://ccin.io
White Paper: http://ccin.io/doc/Whitepapereng.pdf
ANN: 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
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