What is BITRUST?
BITRUST is an affordable, decentralized, easy to use peer-2-peer cryptocurrency insurance platform based on Ethereum blockchain leveraging smart-contract technology. Their team goal is to provide the blockchain community an access to a simple and easy-to-use risk management solution. The platform will provide an opportunity to protect cryptocurrency and significantly mitigate risks associated with high volatility on the digital currency market. They offer a secure and easy-to-use risk management solution for cryptocurrency enthusiasts which enables cryptocurrency investors and day-to-day users to significantly mitigate risks associated with high market volatility.
Risk mitigation solutions market gap
A key threat here is that all these crypto hedge funds have shown almost no activity in hedging their long positions. This might have a major impact on the entire trading sector since, in accordance to a quarter of the 200 global fund managers surveyed by Bank of America Merrill Lynch.There is a clear lack in the market of specific tolls aimed at hedging investors’ positions held in the cryptocurrencies market. Even the top traders within the sector have a very limited, and indeed immature, access to insurance against certain market shifts. The majority of traditional hedge funds or investment banks steer clear of the cryptocurrency markets due to its infancy and unpredictability.BITRUST’s decentralized peer-to-peer cryptocurrency insurance platform has a clear agenda to address this market gap and serve regular blockchain enthusiasts (not high-volume trading crypto hedge funds) providing them the opportunity to insure their purchases and potentially limit losses in the case of sudden market switches.
The surge in market prices of cryptocurrencies in recent years has made exchanges a popular target for hackers as they handle and store large amounts of cryptocurrencies. Numerous events have led to the loss of exchange customer funds, and a wide variety of schemes have been deployed, ranging from outside server breaches to insider theft.Around 73% of exchanges control customers’ private keys, making them very attractive for hackers as these exchanges have possession of user funds denominated
They intend to provide real value for holders of BITRUST tokens (BTFs) on the secondary market and reward early investors.To promote the use of BITRUST tokens within their platform and increase the value of their tokens, they will charge a fee of only 0.1% against the total sum of the insurance contract in case where the entire deal is conducted in BTFs. This is a discount of 80% of their regular fee, which will serve as a strong incentive to use BTF tokens for the service BITRUST provides to the blockchain community.
1. BITRUST pre-ICO phase will last for 30 (thirty) days.
2 .A maximum of 20,000,000 BTF tokens, equivalent to 1,000 ETH, will be available during the pre-ICO phase.
3 .Pre-ICO participants will receive a bonus of 100% on every investment.
4 .During the pre-ICO phase, there is no minimum buy of BTF tokens.
5 .The pre-ICO phase will start on 2nd March 2018 and continue until 31st of March 2018.