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fidentiaX

Welcome my friends to a new interesting ICO today and let’s see their great idea:

World’s 1st Marketplace for Tradable Insurance Policies

Xchange with Confidence

Anyone, theoretically, can sell your insurance policies to a third party rather than surrendering it to your insurer at a low value. However

No recognized marketplace
  • Currently sellers face the challenge of finding interested buyers;
  • Buyers do not have access to available policies and are restricted by region of residence.
No assurance
  • Buyer needs to place trust in a secondary market provider.
  • The current practice requires the buyer to pay in advance and trust that the policy will be transferred.
Troublesome
  • Both buyers and sellers need to be physically present at the insurer’s office for the transfer of policies

fidentiaX will solve these issues by:

  1. Listing
Policyholders looking to extract higher value from their tradable insurance policies will gain access to ready buyers of the platform. Buyers will then browse the available policies and select policies that meet their investment objectives.
2. Offering
Interested buyers complete the relevant documentation and deposit funds to the platform. Sellers will be notified that funds are secured and the relevant documentation is transmitted.
 3. Submission
Seller, armed with the assurance that funds are in-place, goes to the insurance company to effect the transfer of policy to the new owner. Seller to obtain documentary proof that policy has been transferred.
 4. Complete
Sellers upload the documentary proof of the transfer onto fidentiaX blockchain which will then be verified. Upon verification, documentation is transmitted to the buyer and funds released to the seller simultaneously.

Mission vision & path:

fidentiaX will be focusing on building its brand within Asia before executing its global expansion strategy.
Key focus countries within Asia are Hong Kong, Japan, Korea, Malaysia and Singapore.
These countries are selected based on the following factors:
  • size of the insurance market
  • new business generation
  • regulatory requirements and oversight
  • surrender value
  • competitive landscape
fidentiaX will construct a portfolio with the objective of providing superior performance against a similar
risk class investments. The model portfolio will be used to demonstrate the advantages of having tradable policies as part of an investment strategy. The returns generated from the portfolio will be used to fund future development of the ecosystem.

Project Roadmap

 

Finance:

  • Token: fidentiaX
  • Abbreviation: fdX
  • Supply: 100,000,000
  • Platform: ERC20
  • Accepting:    ETH, BTC
  • 1 ETH = 500 fdX

More info:

Tokens Sale Availability:

  • Start date: 06.Nov.2017
  • End date: 05.Dec.2017

 

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About the writer

My passion for everything that means cutting-edge technology, blockchain, cryptocurrency, ICOs and not only made this article to be alive. I’m Alex Hummels and I wish you “happy reading” of others of my articles. Thank you all.

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