The world's first blockchain-based risk exchange market.
The Global Risk Exchange ("GRE") is a blocked, decentralized and open global risk exchange market with the goal of helping individuals, companies and organizations to access and trade and manage risks. GRE completely reconstructs traditional risk management tools (insurance and derivative contracts) by decentralization, and will be the underlying operating system to support insurance and derivative transactions in the blockchain era. The GRE aims to build infrastructure and trading platforms for the blockchain-controlled worldwide risk management industry in the near future, by providing fundamental protocols for risk event creation, price, trade, information collection and oracle for certain risk decisions. This will allow individuals and institutions around the world to reach risk and restore equilibrium.
WHO NEEDS US?
Insured
These user groups are individuals and companies in the real world who want to buy risk management contracts (providing premiums) to protect their risks
Contract Designer
Provide professional risk management expertise to the GRE community and be able to publish risk management contracts after community review and earn fees based on transaction costs collected from this contract trade.
Insurers
These user groups are usually insurance and reinsurance companies and insurance-related securities investors. They get premiums from risk management contracts and take the risks that are transferred to them.
Token RISK
Generation of RISK
Initially, GRE will generate a total of 10 billion (10,000,000,000) RISK tokens based on the Ethereum ERC20 standard. The GRE Foundation will be considered the initiator of all RISK tokens. Users can acquire RISK through currency exchange and crypto currency exchange after RISK is released.
Use of RISK
RISK is a utility token that can only be used on a GRE platform for user payments to participate in risk management contracts and payment of claims or results by oracle. Different Participants (Insured, Insured, and Contract Designer) have different RISK amounts, according to their respective requirements.
RISK Conversion
Considering the high transaction costs and long block confirmation time of Ethereum, GRE will develop its own public chain based on the Graphene blockchain tool kit. Upon completion of the development of the public chain, all ERC20 standard RISK standards generated on Ethereum will be restored to tokens on the GRE public chain in a 1: 1 ratio.
Detailed Use of RISK
Please refer to Section 3.4 of this white paper for RISK use in detail.
Distribution of Token Supplies
Sales Token - 0.4
Foudation Management Fund - 0.1
Dana Community Dev - 0.3
Team Member - 0.2
GRE will issue 40% of all tokens to community members.
Remaining distribution plan of RISK:
10% for Foundation managed funds, used for GRE Foundation operations, to be released within the next 2 years;
30% for community development funds, used for gift partners who contribute to the GRE community.
20% for the founding team and development team, the token will be assigned to the founding team, such as early community contributors and future team members. As a team incentive plan, the token will be released step by step in two years, and opened 25% every six months.
Chinese citizens will not be allowed to participate in the token sales plan of RISK. Any Amercian citizen, permanent resident, or green cardholder will not be permitted to engage in the sale plan of the RISK token, unless a person is a qualified investor after being certified in accordance with the relevant US securities laws.
Roadmap
2018 Q1
=> GRE-Core Development
=> Development of centralized Oracle
=> GRE Application development demo
=> Version of App-server development demo
2018 Q2
=> Development of HI editor
=> Mobile wallet development
=> Official Application Development
=> Continue GRE-Core and Oracle development
2018 Q3
=> Development of Alpha Edition
=> Provide API & SDK
=> Security audit
=> GRE test is running
2018 Q4
=> Basic content of RDHI library content
=> Development related to KYC
=> Security audit
=> Complete the migration to the public chain
=> GRE primary market formal operation
2019 Q1
=> Development of secondary market editor
=> Production of content from a secondary market base
=> Secondary market security audit
=> Complete development of the Alpha version of the secondary market
TEAM DEVELOPMENT
Paul Qi
Charles Huang
William Jin
Angela Li
Mara Wang
ADVISORS
Alberto Pedro Gabriel
Frank Desvignes
Lorand Heissmann
Kazy Hata
Li Jun
Chia Hock Lai
INVESTORS
Shen Bo
James Gong
LD Capital
Crypto Venture
For more information, please visit the official website below:
Website: https://www.gref.io/
White paper: https://www.gref.io/gre.whitepaper.en.pdf
Twitter: https://twitter.com/GRE_RISK
Bitcointalk: https://bitcointalk.org/index.php?topic=3178591.0
Telegram: https://t.me/GREF_EN
AUTHOR:Gambangcity
ETH:0xbd4e6B6E19c55D117badfa5C218Ae03263df6072
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