Announcement about insChain account security insurance

2018-07-19

We are formally announce the strategies cooperation between insChain and CoinRED exchange. As discussed, CoinRED had the priority to utilize insurance product design by insChain in 2018. The first product focuses on account security and will be released on the 23rd of July.

 

The account security insurance will provide compensation, up to 4000 CNY, in case of following events:

Exchange Hacking

Exchange physical invaded

Exchange Employee Fraud

Individual Account Hacking

Transaction address entrance incorrectly

Transaction delay

 

The user should refer to term and condition for specific criteria for compensation.

 

What about next?

 

We will release our next insurance in August, which will concentrate on exchange out of service. User is able to receive compensation for an order that cannot be transacted due to exchange out of service period...

 

InsChain has the plan to release its innovative risk trading platform for investor strategies on September. The trading platform will consist (not limited to), cryptocurrencies option strategies trading, more information will be released once finalized.

 

Team insChain

19/07/2018

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