BITRUST - SIMPLE AND EASY INSURANCE PLATFORM FOR CRYPTOCURRENCY ENTHUSIAST

Most of us are familiar with using digital currencies. But in recent years, interest has grown in a new type of digital currency, cryptocurrency, which aims to satisfy the demand of individuals looking for a digital platform to transact securely, anonymously, and in a decentralized manner. A multitude of wallet providers has emerged in recent years to facilitate the storage of cryptocurrencies and make wallets easier to use. These wallets range from open-source projects run by volunteer developers to others created by venture capital-backed registered corporations.

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. The core problem faced by investors is the heightened risk of loss in value of a particular altcoin. The whole market suffers from a lack of transparency, limited regulatory oversight, the poor due diligence of investors, and no basic form of investor protection. Consequently, the value of altcoins is not set by anyone other than the market and its participants, who engage in the process of buying and selling on exchange platforms.

The current market offers a variety of risk management solutions for cryptocurrency enthusiasts. In most cases, these offerings are aimed at experienced traders (i. e. hedge funds and trading houses), very complex, hard to access, and expensive for a regular cryptocurrency investor and user. BITRUST is an affordable, decentralized, peer-to-peer cryptocurrency insurance platform for retail investors who have limited, or no, trading background. BITRUST believes that it will lower barriers to entry for new investors, scale up the amounts invested by current market participants, and increase the liquidity of altcoins.

THE BITRUST PLATFORM OVERVIEW

With BITRUST, investors who are interested in coins that are new to the market will be able to hedge the risks associated with such pitfalls. BITRUST offers 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. In short, this is why the market is calling out for something like BITRUST:

1. The need for secure and easy-to-use insurance solutions for cryptocurrency investors.
2. The need for an affordable solution for regular cryptocurrency enthusiasts.
3. To solve the real issue of altcoin volatility.

The entire transaction within BITRUST requires both parties to lock their funds in BITRUST tokens (BTF) or a certain set of other cryptocurrencies. After the insurance contract date expires, the BITRUST smart contract is executed in a decentralized and automated way ensuring the agreed terms are carried out. This mechanism eliminates the possibility of fraudulent behavior by any of the parties involved. The BITRUST platform will charge a fee of 0.1% against a total amount locked in a particular BTF smart contract.

BITRUST TOKENS

To finance BITRUST's mission and vision, BITRUST tokens (BTFs) will be created by BTF Project Limited, a UK-incorporated company. A BTF is designed as an ERC20-compatible token over the Ethereum blockchain network. The Ethereum ecosystem allows for the deployment of Turing-complete trustless smart contracts on top of its blockchain. This flexibility and extensibility have made the ERC20 token interface the most frequently-used token issuance standard. BTFs will be created during a single crowdsale event split into pre-ICO and ICO phases. The maximum number of tokens created will be BTF 250,000,000. The number of tokens available during the token sale will be BTF 150,000,000.

Roadmap

The BITRUST team will use the funds collected through ICO token BTF to develop the platform. The goal is to provide a risk mitigation solution for cryptocurrency fans, in accordance with the development timeline below. Product development schedules may not be final and may change depending on the feedback already received from the developer team.

Team & Advisors

Team

• Alex Duhamel – CEO
• Serge Silin – CTO
• Elina Krumina – CFO
• Mihail Andreyev – Head of Product Development
• Alexey Vinar – Head of Software Development
• Oleg Lupikov – Head of R&D
• Arthur Lots – Head of Operations
• Leon Leschinsky – Head of Strategy
• Arthur Kavinsky – Head of Business Development
• Aleksandr Karev – Head of Marketing
• Denis Radchenko – Head of Recruitment Strategy and HR

Advisors

• Nikos Yerolemou – Advisor
• John Mun – Advisor
• Tudor Stomff – Advisor
• Ivan Bazhutin – Advisor

Quik Links

Website
Whitepaper
Bounty
Medium
Facebook
Twitter
Telegram

Written By: putri_dewi
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1132669;sa=summary
address of ethereum wallet: 0x4aD3D0C2A47FfA55547DBb36630A77912BC5Ff21