Etherisc

Etherisc

Created using Figma
Created using Figma
Etherisc develops a protocol for decentralized insurance applications. We use blockchain technology to make the purchase and sale of insurance more efficient, enable lower operational costs, and provide greater transparency into the industry.
Token Sale
Jun 25, 2018
Jul 25, 2018
100% completed
$4 000 000
13% goal completed
Goal 30 000 000 USD
past
  • 1 DIP
    =
    0.1 USD
Token Details
Ticker
DIP
Accepted Currencies
ETH
Company Details
Registered Country
Switzerland
Additional Details
MVP/Prototype
Yes
Platform
Ethereum
Whitelist
Yes ,
KYC
Yes
Categories
Platform, Smart Contract

About Etherisc

The Etherisc Protocol provides a permission-less, generic mechanism by which risk of any kind can be priced, serviced, and transferred by a group of independent service providers (Workers) without having to rely on centralized parties. Function of Etherisc protocol is to remove Trust Premium - something not possible in today’s insurance value chain.

Features

Awards and Memberships

  • Techcrunch July 2018, European Startup Awards: nominated for hottest blockchain project and hottest dapp.
  • Best blockchain startup 2016
  • Blockchain Oscar 2017
  • Insurtech shaper of the year 2017
  • Most funded project at hack.ether.camp 2016
  • Winner of ICO Summit Award (Zurich, 2017)
  • Part of Plug and Play Insurtech Accelerator
  • Alumnus of AIA and Werk1 insurtech accelerators
  • Chair: Enterprise Ethereum Alliance Insurance Working Group
  • Crypto Valley Association
  • Project Transparency
  • FCA Regulatory Sandbox

Technical Info

Etherisc Protocol is at once a business, technical, and governance infrastructure, pre-integrated to allow risk to be transferred between insureds and reinsurance capital providers. Etherisc Protocol provides generic smart contracts and UI/UX templates capable of transferring risk of any type.

Smart contracts are capable of:

  1. Pricing policies (for example, see Flight Delay template, where oracle queries API of FlightStats and signals historic performance of a particular flight

Issuing policies - upon payment of premium

  1. Keeping custody of funds in a risk pool (if premiums paid in crypto), or keeping an immutable record of funds in a 3rd party custodian of a risk pool funds (if premiums paid with credit card)
  2. Storing policy information (flight, premium, payouts) - for tracking by consumer, and for generating reports to paying premium taxes and regulatory compliance reports.
  3. Manage exposure of a risk pool - to avoid taking on more risk that the amount stored in risk pool + maximum limit on reinsurance (if reinsurance is used)
  4. Trigger payments - when oracle files a claim by reporting, for example, a delayed flight from FlightStats API or third party claims administor

 

A multitude of insurance policies can be built using Etherisc Protocol to connect insureds with risk capital providers.

Etherisc Protocol is designed so that insureds cannot be locked-in to any single risk capital provider.

 

Etherisc Roadmap

  • Stake distribution process, 2018

  • Registry of risk pools, 2018

  • First rented licenses, 2018

  • Crypto-Wallet Insurance, 2018

  • Read More
  • Registry of products v1, 2018

  • Foundation-led insurance carrier, 2018

  • Hurricane Insurance, 2018

  • Payment channel insurance, 2018

  • Decentralization of governance, 2019

  • Registry Explorer, 2019

  • Integration with Data Marketplace, 2019

  • Reward mechanism, 2019

  • Integration with Identity Providers, 2019

Activity

Followers:
3 779
MEDIUM
Tweets:
1 243
VERY HIGH
30 Days Growth:
44
Members:
2 638
MEDIUM
Investors Detected:
26.84%
30 Days Growth:
7
Alexa
Rank:
856 965
LOW
Delta:
421 006
Year commits:
711
Watchers:
91
Stars:
168
Forks:
92
Open issues:
18

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Co-founder, Ecosystem & Community
unverified
Co-Founder, Insurance Products & Revenue
unverified
Co-founder, Protocol & Architecture
unverified

Last News

$ 0.0094
45.35%
Coin Stats
Daily, %:
45.35%
Weekly, %:
33.70%
Monthly, %:
-10.26%
Market Info
Market Cap:
$ 993.274 K
Volume 24h:
$ 313.46
Circ. Supply:
106.152 M DIP
Ticker:
DIP
ICO profit
X 0.0936
ICO Price~$0.1000
N/A
5.0 11
ICO Profile Vision Activity Potential Product Team

Etherisc Reviews

CrushCrypto
C/B

Our thoughts on buying the tokens for flipping and investing for the long term are as follows:
For flipping: C
The hard cap is on the high side for a dApp protocol. At $500 ether price, the project has a hard cap of 60,000 ether. Even though the project has been two years in the making and has a functioning dApp, we have a neutral view on its short-term performance.
For long-term holding: B
Insurance projects generally do not receive a high valuation. In addition, we believe DIP tokens do not have a lot of utility other than staking by developing teams because consumers can pay in other currencies.

Read More
ICO Pantera
A+

Advantages.
1. A project that has been fully developed for 16 years. Unlike companies that start development after ico, a lot of development has been completed.
2. An environment that can be focused on development for two years by receiving pre-investment from the capital such as Bitfury, Kr1, and Coinfund.
3. A career in many awards. Insurance ico is more solid than other projects in the field.
A complementary point
1. The focus is on the development and the promotion is not done properly. hype is not great.
2. It is the structure that should actually generate sales. Salesforce seems to be important.

Read More
DiddyCarter
B-
Read More
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