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ValPromise

Distributed Value Promise Protocol

Value Promise - The Deal Project, is committed to building a blockchain-based, distributed promise contract release-trading platform that addresses multi-variety and cross-region risk management across a global spectrum (insurance, futures, options contract issuance and trading,forecasting services) issues.

2.8
1 0 expert ratings
Benchy 2.8
KYC
Experts
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Review: coming soon PRO
Unknown
Token
VPP
Type
Price
1 VPP = 0.0000192308 ETH
Platform
Accepting
ETH, BTC, BCH, LTC
Minimum investment
0.1 ETH
Soft cap
10,000 ETH
Hard cap
20,000 ETH
Country
Whitelist/KYC
KYC & Whitelist
Restricted areas
USA, China
Visit ICO website
Report

About ValPromise

Value Promise - The Deal Project ("ValPromise"), is committed to building a blockchain-based, distributed promise contract release-trading platform that addresses multi-variety and cross-region risk management across a global spectrum (insurance, futures, options contract issuance and trading, forecasting services) issues.

ValPromise determines if promises are honored, basing on the public monitoring data via Internet. It allows any individual or organizations that satisfy the rules of the system have access to release their own promises (contracts), while any individual may accept promises(contracts) issued by counterparties with their trust on the fairness and enforceability of the contract itself, which solves problems ofcollaboration regardless of geographical differences and regulatory differences. Specifically, the ValPromise project will focus on the risk management area which scales up to over $1 trillion annually and deliver with a decentralized promise
mechanism involving in releasing and trading. They aim to build a fully trusted, more efficient and cost-effective collaboration system of global risk management.

The exponential weather insurance will be the ValPromise’s first mature application. So far, with the leading unattended system in pricing automatically and risk control in China, they have made a great deal of cases successfully and have issued over 200,000 guarantee contracts on weather risk in the past 6 months. Over 20, 0000 customers from tourism and agriculture industries are served and they reached a cooperation relationship with Ink Weather, Tujia, Sunshine Insurance Company, major travel agencies and so on.

The ValPromise system will empower regular individuals and organizations to easily find hedge contracts and services tailored to their individual needs, which helps build a more efficient ecosystem of risk management across the globe. The ValPromise risk management system will develop a wide range of applications in the future such as index insurance, commodity futures, foreign exchange futures, entertainment and others.

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