BITRUST - Simple & Easy-To-Use Insurance Platform For Cryptocurrenc...

Blockchain technology continues to grow and cryptocurrency markets are growing and we can not be more excited about it. It not only represents significant technological breakthroughs in data architecture and in terms of security providing distributive or decentralized networks, but we also get the feeling that big movements are happening globally. BITRUST aims to promote greater blockchain technological engagement in our daily lives by reducing risks associated with investing in cryptocurrency, enabling new and existing projects to grow for the benefit of the entire system

The core problem faced by potential investors when considering investment in cryptocurrency is the increased risk of loss in certain altcoin values. The cryptocurrency market is growing rapidly, with over 1,380 crypto currencies in circulation. According to The Business Insider, Initial Coin Offerings (ICOs) collect more than USD3.5bn by 2017. However, the entire market suffers from lack of transparency, limited regulatory oversight, poor due diligence to investors, and no basic form of investor protection. As a result, the value of altcoin is not regulated by anyone other than the market and its participants, who are involved in the buying and selling process on the exchange platform. This extreme condition creates enormous volatility, which puts many potential investors from buying the currency and,

What Is BITRUST?

BITRUST is the affordable, decentralized, easy to use cryptocurrency peer-to-peer (P2P) insurance market based on Ethereum, a smart-contract technology utilizing blockchain. BITRUST's goal is to be affordable for retail digital currency investors with an average monthly trading volume of between $ 100 and $ 100,000.

Main Features Of BITRUST

Decentralization - The cornerstone of BitRUST's cryptocurrency insurance platform is a decentralized system of exchange and clearing transactions that eliminates the possibility of fraud and single-point-of-failure risk and prevents the system from external regulation.
Anonymous - BITRUST does not ask for any personal data because we believe that your chances of managing your own assets and trades should not be affected by who you are.
Intuitive and easy to use UI - The user interface of the BitRuster Cryptocurrency insurance platform is one of the simplest and easiest to use you'll ever see in cryptoworld. It is our priority from the very beginning to make our products as easy and seious as possible for our users. We're inspired by the best mobile banking applications and services, so you feel familiar working with the BITRUST platform.
Top - class security - Smart contract technology is based on the Ethereum blockchain, which is the basis of the BITRUST cryptocurrency insurance platform, ensuring that all your data will be secure and nothing can deceive and take over your assets.

How Does BITRUST Work?

Since BITRUST is a distributed peer-to-peer distributed cryptocurrency insurance platform, BITRUST's smart contract can involve two or more counterparts. For simplicity, we use the following terms: those who seek insurance are Buyer (B-side), and those who are willing to insure are called Sellers (S-side).

Examples:
1. B-side places bids on the BITRUST platform to ensure a certain position:

Insure against ETH (with a value of $ 100) drops the price by 30% against BTC for 96 hours (based on a specific index).

2. With or without certain conditions:

Willing to pay in digital currency is equivalent to $ 5 as insurance.
Claim equivalent to $ 15 if the price drops to $ 70 or lower.

3. S-side may be only one seller or group of sellers, who can:

Agree to the terms proposed by B-side.
Or make a counter offer that suggests a slightly amended requirement.

Suppose both parties agree to the terms and have locked the agreed amount in BITRUST's smart contract. B-side locks the equivalent of $ 5 (insurance fee) and S-side keys are equivalent to $ 15 (insurance agency). The total BITRUST smart contract is equivalent to $ 20:

Scenario 1:

After 96 hours, the duration of the approved BITRUST contract, the ETH token decreased by 30% against BTC.
The BITRUST smart contract executes a pre-agreed deal and sends the equivalent of $ 20 (minus 0.1% cost) to the B-side: $ 5 of the insurance fee plus $ 15 from the actual insurance agency ie reduces its exposure to a 50% loss in value insured digital currencies.

Scenario 2:

After 96 hours, the duration of the BITRUST contract agreed upon, the ETH tokens do not decrease in value against the BTC.
The BITRUST smart contract executes a pre-approved deal and sends the equivalent of $ 20 (minus 0.1% cost) to S-side: $ 5 of the insurance fee plus $ 15 from the actual insurance agency.
S-Side has earned the equivalent of $ 5 (minus 0.1% cost) by insuring the B-side against a drastic market shift.
B-side has been insured for $ 5.

Token BITRUST

The Ethereum ecosystem allows the deployment of a complete Turing-complete smart contract over its blockchain. This flexibility and extension has made the ERC20 token the most commonly used publishing standard token.Ethereum-based tokens rely on an established Ethereum infrastructure that benefits from several features:

Security and predictability (compared to, for example, must run independent blockchain networks).
Use of strong and well supported clients (Ethereal-based tokens can be managed with an official Ethereum client).
High liquidity (exchanged with other Ethereum-based tokens or Ether), means an easier list on exchange with existing infrastructure.

Details Of Token Sales

Token Sales Schedule: April 2 - May 31, 2018

Purchase Token: Ethereum

Price Token: 10,000 BTF / 1 ETH

Bonus 10% - 30%

Total Supply Token: 250,000,000 BTF

Team

Members: 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
John Mun
Tudor Stomff
Ivan Bazhutin