Currently, at the end of its ICO, the alternative telecommunications ecosystem Bubbletone has joined forces with DeHedge to offer protection against possible cancellations of token sales.
The two companies have signed a contract for the equivalent of US $ 1 million in Bubbletone UMT tokens ; This is the first time in history that the cryptocurrency of a Fintech company offers 100% coverage for a project. It is hoped that such initiatives will bring greater reassurance to the big players in the traditional money markets and encourage them to be more active in the crypto market.
Bubbletone uses Blockchain to allow mobile network operators, phone users and service providers to interact directly.
Its popular mobile messaging and mobile application will offer a low cost alternative and added value to international roaming, by allowing travelers to connect to networks in the countries they visit at local prices, without the need to change SIM. The proof of concept is already underway in Europe and the United States.
DeHedge is the first decentralized platform for risk coverage for Blockchain projects. The company insures purchases in ICO and cryptocurrencies against certain risks, scams and cancellations of projects.
This means that now Bubbletone token buyers can also guarantee that their holdings will not be lost completely if the ICO suddenly fails or is canceled. DeHedge is committed to cover such losses, and payments to ETH portfolios are guaranteed by an intelligent contract.
The founder and CEO of Bubbletone, Yury Morozov, sees this partnership as a vote of confidence in his company's ICO:
"We see this as a great step forward, and we are honored that the expert committee of DeHedge has evaluated our project so highly."
For his part, the CEO of DeHedge, Mikhail Chernov, cited the potential social value of the Bubbletone project, which offers extremely attractive services for consumers, while DeHedge protects their interests in case a project is canceled for some reason.
In many ways, it seems a safe option for a first step: ICORating has assigned a " Positive " rating to the universal mobile tokens (UMT) offered in the Bubbletone ICO, while TrackICO, ICObench and wiserICO have also rated the company very positively.
The initial offer of Bubbletone coins began on March 20 with a symbolic price of ETH 1 for 4,000 UMT, and a maximum limit of USD 15,000,000, and will continue until June 15.