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Providing Insurance to the Environment of the Decentralized Networks

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insurance
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The cryptocurrency sphere and the entire blockchain ecosystem have seen price spikes that have been referred to in not so few terms. In fact, pessimists still hold to beliefs that cryptocurrencies are Ponzi schemes. Such steep rises and falls have, in specific instances, cause huge losses occasioned by the inflation that is only natural among such volatile commodities. It is thus surprising that insurance against losses in these markets hasn’t been thought of only until recently; an irony of sorts actually, especially considering that the disrupting nature of the blockchain is providing answers to all segments of the economy but closer home.

Lack of insurance, however, is a scenario that is about to change with the introduction of the ODUWA network. As a decentralized cryptocurrency exchange, ODUWA will do a lot more than just providing a platform where users can buy and sell crypto coins. Instead, it will also offer insurance against the volatility in the cryptocurrency markets. Such a platform is critical especially now that the loses mentioned above have eroded the confidence of most people who’d started looking at the cryptocurrency space as a viable alternative investment avenue.

About ODUWA

The platform is working on a protocol that will secure approved coins in the exchange with 100% insurance against depreciation. The platform hopes to achieve such a lofty ambition by providing this insurance only on intelligently selected cryptocurrencies. Besides, it shall also keep a proportional reserve to guard against the amount invested, and offer automated smart contracts to watch on all these segments of investments. ODUWA, as such, is the first platform that is working to provide solutions to stabilize the market as well as build a new trust economy in the cryptocurrency space.

The supposition behind this blockchain solution is to give users the peace of mind that allows them to concentrate on other things without worrying about their cryptocurrency portfolios taking value dives because of crushes. Besides, it also provides additional crucial benefits that essential for the healthy growth of the crypto world. To this end, the platform shall offer timed contractual insurance solutions that are protected by the smart contracts of Ethereum. Better yet, users don’t need to pay for the services but shall instead gift the platform only when they win against inflation.

The ODUWA platform shall be launched in May 2018, along with the last stage of the platform’s token generation event, details of which are provided on the tail end of this narrative.

Benefits of ODUWA

Users shall be able to trade ODUWA coins on various notable cryptocurrency exchanges all over the world. This will create natural access that is important for everyone that wants to enjoy access to the ODUWA platform. Eventually, such demand for both coins and platform shall lead to an increase in the value of the tokens.

The coins are an exchange resource in their own right. Users shall be able to trade ODUWA coins with no fees. Also, the coin affords users easy liquidation as they can buy other currencies as well as fiat using the ODUWApay debit card.

Users shall also enjoy added protection for not only their cryptocurrency portfolio but for their ODUWA holdings against volatility-related loses. Overall, the platform shall protect crypto portfolios against all forms of inflation.

Details of the ICO

The ODUWA token generation event shall make available 21 million tokens to the public. The hard cap of the exercise is set at US$ 3.15 million, and the crowdsale shall go on until the end of the fixed period or when the said amount is raised, whichever comes fast.

The presale began on February 8, 2018 offering about 1.05 million or 5% of the total tokens available. The team planned for three phases of the sale; the first and second presale rounds shall offer a total of 13% of the tokens while 57% shall be sold during the core phase of the token generation exercise. The team will reward the core developers with 12% of the tokens while partners and advisors will settle for 6%. A further 2% shall be distributed through the bounty program while the remaining 10% shall be reserved for the bonus fund.

What is in it for the backers?

Insurance is a critical need in the cryptocurrency space, at least to tame the runaway inflation that certain currencies have caused due to the steep spikes and dives in their prices. The novel solutions that ODUWA provides will, as such, be in high demand upon launch. Such a situation will make the ODUWA coins become attractive and gain value as a result. This, therefore, is the best time to grab a piece of the ODUWA pie.

More information about the ODUWA platform and the token generation event is available on their telegramwebsite, and whitepaper. Prospective investors can buy the tokens here.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Property Loans for Foreigners in Singapore That You Must Know About

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property loans for foreigners in Singapore
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Intending to invest in a residential or commercial property in Singapore?  

When it comes to foreigners applying for a loan in Singapore, things can be pretty hard regardless of the reason whether you need the property for personal or business purposes.  

In Singapore, buying a property is challenging, whether you are a foreigner or a native, and sometimes applying for a loan is the only way for you to afford it.  

HOW MUCH CAN YOU BORROW FOR A PROPERTY LOAN IN SINGAPORE? 

As for the Foreigner Loans, in Singapore, there is an exact amount of money you can borrow to finance the purchase of a property.  

In this sense, Singapore has the Loan to Value Ratio (LTV).  

The LTV ratio is what determines the exact amount of money you can borrow for a property loan, which changes depending on where you try to obtain the loan:  

  • If you are applying for a bank loan, you can borrow a maximum of 75% of the value of the property you want to purchase. That means if you are looking for a property that costs $500.000, the maximum amount of money a bank lender can give you like a loan in Singapore is going to be $375.000. 
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CoinField Launches Sologenic Initial Exchange Offering

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Sologenic
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CoinField has started its Sologenic IEO, which is the first project to utilize the XRP Ledger for tokenizing stocks and ETFs. The sale will last for one week and will officially end on February 25, 2020, before SOLO trading begins on the platform.  Sologenic’s native token SOLO is being offered at 0.25 USDT during the IEO.   

Earlier this month, Sologenic released the very first decentralized wallet app for SOLO, XRP, and tokenized assets to support the Sologenic ecosystem. The app is available for mobile and desktop via the Apple Store and Google Play.  The desktop version is available for Windows and Mac.

“By connecting the traditional financial markets with crypto, Sologenic will bring a significant volume to the crypto markets. The role of the Sologenic ecosystem is to facilitate the trading of a wide range of asset classes such as stocks, ETFs, and precious metals using blockchain technology. Sologenic is an ecosystem where users can tokenize, trade, and spend these digital assets using SOLO cards in real-time. The ultimate goal is to make Sologenic as decentralized as possible, where CoinField’s role will be only limited…

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Many of the Top Sports Betting Websites for 2020 Can Be Found On Boomtown’s Best Betting Page

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Sports betting is one of the widely known types of online gambling. With a large number of sports fans around the world, this type of gambling is one of the most sought after. The problem usually comes from when gamblers try to find the best sites out of the many available ones. Many new sports betting sites come up daily, thus making the selection process even harder. One of the best places to find top betting websites for sports is Boomtown Bingo. This platform doesn’t just give users the best online casino games websites, but they also cover sports betting. As such, boomtown bingo remains a one-stop-shop for everyone who needs the best and the latest online gambling and gaming sites for all types of devices.

Performance

The performance of any website is critical. Users need to find their way around the site easily, and that can be made possible with the site structure and arrangement. Loading time is also essential. A website that always hangs thus pushing the user to refresh every time is no good. These are some of the factors that Boomtown Bingo looks into when selecting the best sites for its users. You can be sure that the new sports betting websites listed on Boomtown’s platform have faster loading time, can be used easily by everyone,…

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