Umbrella Coin - Everyone needs security protection against him and his family. Easy way to do to get protection guarantee is with Insurance. Insurance will provide a good guarantee for yourself and your business with the condition to follow the rules set by the company.
The industry and insurance companies that have been going on for so long felt to be burdensome for some people. The premium costs required by insurance companies are generally very large. This has an impact on the uneven participation of insurance services. For low-income families it can be very difficult to enjoy the insurance company's presence.
On that basis, a new innovation should be born so that the classic problems in the world of insurance can be overcome. Recent breakthroughs for insurance services already exist today. The new concept offered by Umbrella will greatly alleviate the problems that exist in the insurance industry. Participants will get the ease and good service from this Umbrella concept.
What is the umbrella coin project?
UMC was founded with the idea that insurance companies around the world are getting rich while providing services as little as possible is fundamentally wrong. As premiums rise for Property / Casualty (P / C) and Life / Health (L / H) holders - remain lent to pay hidden fees such as deductibles, co-insurance, and co-pays.
UMC will be a one-stop-shop for insurance. It will be sought to be accepted wherever and when insurance payments are required, whether it is auto repair, home reconstruction, or medical bills.
The most attractive of the current insurance model is the source of funding and income. Insurance companies pool money from premium policyholders and invest in commodities such as stocks, bonds, precious metals, and perhaps even crypto currencies. Insurance companies collect the growth and interest rates of policyholders, not the policyholders themselves. For some people with potentially high premiums outlined above and policyholders lose their premium costs and what they will accumulate with interest. The unification model of all policyholders basically causes the insurance industry to spend the funds needed to pay claims while operating only as overhead for the fund. The insurance company is reduced to a glorified money manager,
And by using insurance from Umbrella Platform, not only easy but also safe because of the system of early withdrawal fees and vote fraud. The system of early withdrawal costs is that if the address opens the benefit package, they are entitled to withdraw their UMC at any time but, if they withdraw before 365 days of policy making then they have punished 70% of UMC with it The Umbrella platform can adjust the penalty for float exhausted too quickly . And vote cheating is if the community members found to have filed false claims, then the Umbrella Platform will immediately file a policy cancellation and deposit the funds in float. The policy itself can be made by any coin holder, and the policy they make will be associated with their wallet address. And claims must be filed against certain policies only,
ABOUT UMC ICO
Crowdfund Start Date: 20 August 2017 12:00 UTC
Crowdfund End Date: 20 October 2017 12:00 UTC
Issuance of UMC Tokens: 100 000 000 Tokens
Exchange rate: 600 UMC = 1 ETH.
Minimum transaction amount: 60 UMC (0.1 ETH)
Maximum transaction amount: 1 800 000 UMC (3 000 ETH)
Bonuses: for the first 5000 ETH raised, a 100% bonus will be given
Bounty: 1 200 000 Tokens (1.2% of issuance)
Total Sale goal: 100 000 ETH
Minimal Sale goal: 5 000 ETH Token
68.8% (68 million tokens) will be available to participants
• 20% (20 million tokens) will be allocated to the UMC trust and will be used to build a preliminary float pool.
• 10% (10 million tokens) will be distributed among team members
• All collected funds shall be received and stored on wallets with multi-signatures.
Official web page:https://www.umbrellacoin.org/
ANN thread: https://bitcointalk.org/index.php?topic=2025943.msg20180128
Author Profile: https://bitcointalk.org/index.php?action=profile;u=77000