Team name: ICOsurance
Github repo: https://github.com/CMLTeam/ICOsurance
Team members:
Team leader: @xonixx
What problem are you trying to solve?:
The project is aimed to provide the insurance solution to ICO investors against possible losses due to cyber-attacks during the ICO process.
Nowadays lots of ICOs suffer from cyber-security attacks. To name a few during last days:
- Parity Multisig Wallet Hack that affected 3 ICOs ($30m investors' money loss)
- CoinDash crowdfunding hack ($7m of investors money went to attacker's wallet)
We propose the enhanced standard for smart-token contracts (on top of ERC20) that has an insurance logic built-in.
What this project IS NOT
- This is not an insurance to the possible loss due to market price changes (volatility)
- This is not an insurance against fraud/scam ICOs. It's responsibility of an investor to properly assess a project to invest in.
Why do you think Blockchain/SmartContract may be the right approach?:
- Eating your own dog food - use blockchain itself to protect blockchain
- all the logic is implemented as smart contract and operates on crypto-currency only (no fiat) so no risks due to volatility involved
API/DATA/Gadget you are thinking about using:
Ethereum, ERC20, mock data (real data in future).
What area do you need help on?:
Insurance specialists
Team name: ICOsurance
Github repo: https://github.com/CMLTeam/ICOsurance
Team members:
Team leader: @xonixx
What problem are you trying to solve?:
The project is aimed to provide the insurance solution to ICO investors against possible losses due to cyber-attacks during the ICO process.
Nowadays lots of ICOs suffer from cyber-security attacks. To name a few during last days:
We propose the enhanced standard for smart-token contracts (on top of ERC20) that has an insurance logic built-in.
What this project IS NOT
Why do you think Blockchain/SmartContract may be the right approach?:
API/DATA/Gadget you are thinking about using:
Ethereum, ERC20, mock data (real data in future).
What area do you need help on?:
Insurance specialists