CryptoCoin Insurance ICO

Project website: http://ccin.io/
The first option exchange with the possibility of insuring deposits against fall, and CRYPTOCOIN INSURANCE offers such instrument to its clients – the deposit insurance (or a part of it) from growth or fall.
All technical details could be found in whitepaper: http://ccin.io/doc/Whitepapereng.pdf, and this article will point out just a few of them.
Two important facts are as following:

• CCIN launches the world’s first option cryptocurrency exchange
• CCIN creates an insurance company, places options in the insurance that is understandable for everyone, and hedges its risks on the option exchange
  Following problems are important in crypto industry:
• There is no solution to insure the deposit in Bitcoin or Ethereum from falling. At the same time in crypto market there is increased volatility that makes people afraid to store large funds in cryptocurrency. On the other hand, large companies are slow to enter the market for the same reason.
• There is no special cryptocurrency exchange where you can buy/sell options. The main fear of creating such stock exchange is the increased volatility, too. It seems to everyone who deals with options for stocks, oil or wheat that the risks are enormous.
• There is still no short selling opportunity in the cryptocurrency market. Nobody can sell a cryptocurrency that is physically absent on the account within a short period of time. This reduces the speculators’ ability to smooth price fluctuations in other markets. In its turn it causes the volatility increase and consequences mentioned above.
  CCIN offers solution for above indicated challenges of crypto market:
• CCIN 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, CCIN will add other cryptocurrencies. CCIN sells both Bitcoin or Ethereum growth and fall insurance. No competition in the market allows maintaining a significant margin on the level of 20%. CCIN repackages and sells/buys its own risk as options on its own exchange.
• CCIN creates the first option exchange, keeping in mind that 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 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 people got accustomed to.
• Options enable short sales. This is very important for trading volume, and 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.
  CCIN has two main sources of income:
• Insurance Company. The income is generated by selling cryptocurrency growth/decline insurances.
• 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.
  ICO is planned during November and December 2018.
  Author: https://bitcointalk.org/index.php?action=profile;u=1573369