CRYPTOCOIN INSURANCE launches the world’s first option cryptocurrency exchange. CRYPTOCOIN INSURANCE creates an insurance company, places options in the insurance that is understandable for everyone, and hedges its risks on the options exchange. 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.
Cryptocoin Insurance ICO began on November 1, 2018. The ICO token supply represents 75% of the total token supply, so there is a total of 75,000,000 CCIN tokens available, for 0.000666667 ETH each. The ICO funding target is 5,000,000 USD, the funding cap is 10,000,000 USD and is expected to end on December 27, 2018 or when the funding cap is reached. All remaining/unsold tokens will be destroyed.
Token Reserve Split (25%):
Cryptocoin Insurance ICO features a bounty campaign as well as the following bonus structure.