What Is Etherisc DIP Token (DIP)?

What Is Etherisc DIP Token (DIP)? Complete Guide Review About Etherisc DIP Token.

What Is Etherisc DIP Token (DIP)?

The ideas in this paper are a collaborative result of many talks and discussions, online and in person, with some brilliant minds of the crypto-economic space. The Etherisc team would like to say “thank you” especially to the following people, who added considerable value to the draft Ron Bernstein, Jake Brukhman, Alexander Bulkin, Alex Felix, William Etherisc DIP Token, Micah Zoltu and last but not least all those members of your gitter channel, who gave valuable feedback and criticism and encouraged to follow your path.

Etherisc DIP Token Select your crop and the location of your field. Automated payouts are triggered by drought or flood events reported by government agencies. As a result of the Nov/Dec 2016 Hackathon, the team wrote a White Paper, which was released to public in its Version 0.3. Focus of the hackathon was the attempt to outline the core of a blockchain based reinsurance market.

Etherisc DIP Token Storage Key Points

Coin BasicInformation
Coin NameEtherisc DIP Token
Short NameDIP
Circulating Supply205,995,511.60 DIP
Total Supply1,000,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Document

Etherisc DIP Token First, they have seen that the development of an open protocol will be at the core of your efforts. This leads to a much broader approach, needs different legal entities and more funding. They have consequently increased your funding goal. Second, they have seen that a reinsurance market will most probably not be the first step. Trading of risks (and tokenization of risks as a precondition) is a different regulatory area and probably more difficult to achieve; furthermore, without first establishing a regular insurance business we don’t have suitable risks to trade.

Third, they have seen that Etherisc DIP Token need to apply for an insurance license in some relevant jurisdictions, namely in the DACH area (Germany, Austria, Switzerland) or in the European Union (Malta). Additionally they also try to establish an insurance business in the US.These three cornerstones don’t reflect in the former White Paper, which was centered around the tokenization of risks. This White Paper is the attempt to structure the overall picture of decentralized insurance along the new insights.

Why is insurance a candidate for decentralization?

The multi-trillion dollar insurance industry is dominated by huge corporations, weighed down by heavy regulation and plagued by misalignments of company and consumer incentives. The insurance world has devolved into an inefficient, expensive and ultimately frustrating industry. Etherisc DIP Token When customers most need help, they can end up fighting in vain for reimbursement from companies whose profits too often depend on avoiding paying out.

Etherisc DIP Token is building a platform for decentralized insurance applications. With visionaries like you, they can create a platform full of opportunities across the industry’s value chain. Corporates, large and small, not-for-profit groups and insurtech startups can all come together to provide better products and services. This aim to use blockchain technology to help make the purchase and sale of insurance more efficient, enable lower operational costs, provide greater transparency into the industry and democratize access to reinsurance.

Etherisc DIP Token Blockchain can provide the means to disintermediate the market with a peer-to-peer risk platform that helps insurance return to its roots as society’s safety net. They even envisage new groups building their own bespoke insurance risk pools and services on the platform. And Etherisc will be a fully-compliant, fully licensed insurance platform for the emerging blockchain economy.

Analysis of Basic Insurance Paradigms

The second are a source of fixed income, at a certain risk. Capital has to be locked for a certain period in time, and there is a potential risk of losing the capital provided, e.g. in the case of a rare but catastrophic event, also known as “black swan event”. Capital providers are compensated for this risk. This compensation is calculated based on the lock-up time and on the risk of what is being insured.

Etherisc DIP Token The third are a source of entrepreneurial revenue and increase with higher efficiency of the business processes. Token argue that today insurance companies are the predominant way to organize these elements and that blockchain technology provides an opportunity to replace insurance firms by decentralized structures using a standardized protocol. Capital and revenue streams can then be represented by tokens.

Principles of insurance

Lots of literature has been written on the theory of insurance, but the basic principles
are simple. Let’s start with an example. The example is of course simplified, and serves the sole purpose to explain the principle. They consider a homeowners insurance. Insurance is about probabilities of losses, so it would be interesting to see what the probability of a damage is.

Etherisc DIP Token A homeowners insurance typically covers a number of perils, including fire, natural disasters, water, and even falling objects. But it is difficult to obtain real numbers, as insurance companies 2 are not very transparent with their fundamental data. They will assume that, for your 3 example, the probability is 0.1%.