Solutions by (GRE) Global Risk Exchange
Global Risk Exchange (or “GRE”) is a blockchain based, decentralized and open global risk exchange market, with the purpose of helping individuals, companies and organizations to access and trade their risks.
Traditional insurance industry has a very long value chain, it begins with insurant, insurance agents, direct insurance, reinsurance and ends with insurance link securities(ILS) investors. But if we stripe all those roles in the value chain away and the insurance or risk management industry's pure purpose is to match two group of people, one group of people seeks to shift risk away from them and are willing to pay premiums to those who could shouder those risk for them. Those poeple are called "insurant". The other group of people are willing to take risks that other shift to them in return collect premiums for compensation. Those people are called insurer and they provide capacity for risks. When certain risk happened, insurer has to compensate the insurant with pre-determined amount of money from its capacity; if certain risk did not happen, the insurer booked premiums as their profts.
Blockchain based GRE platform will transform the essence of risk management transactions into a trading market where risk sellers and risk takers can trasact directly using blockchain technology. It compresses the elongated chains of the traditional insurance industry while minimizing thresholds, providing maximum liquidity and most accurate pricing of risks.
Token Economics in GRE: RISK
In GRE platform we use RISK token as transaction intermediary, a Ethereum smart contract based and ERC20 standard compliant token. RISK token can be acquired using BTC or ETH and other crypto currencies. RISK is a utility token in GRE platform and can be used for:
- All risk management contract use RISK as transaction intermediary and all risk contract claim distribution will use RISK for settlement;
- Users on GRE platform should buy RISK tokens to pay for transactions fees;
- Any institutions and individuals could publish risk management contracts using GRE platform and will get volume based rewards in RISK tokens;
- GRE community will reward developers with RISK tokens in light of their code contributions;
- Any individuals and institutions can share risk mangement contracts in their social networks and attract more users to trade those contracts. They will be rewarded a portion of new transaction fees derived from those newly traded contracts;
- GRE platform allows exchange dealers use RISK tokens as collaterals to issue market pegged stable coins; similar to BITCNY and BITUSD on Bitshares platform.
the GRE foundation does not make any statements or guarantees for GRE or RISK. Anybody who participates in the RISK's selling campaign and the purchase of RISK is based on its own knowledge of GRE, RISK tokens and the information of this white paper. Without damaging the universality of the foregoing content, all participants will accept GRE according to the current situation after the start of GRE project, regardless of its specifications, parameters, performance or functions.
Roadmap
2018 Q1
GRE-Core development
Centralized Oracle development
Demo of GRE App development
Demo version of App-server development
2018 Q2
HI editor development
Mobile wallet development
Official App development
Continue GRE-Core and Oracle development
2018 Q3
Development of Alpha Edition
Provide API & SDK
Security audit
GRE test running
2018 Q4
Basic RDHI library content production
KYC related development
Security audit
Complete migration to public chain
Formal operation of the GRE primary market
2019 Q1
Development of secondary market editor
Content production of secondary market base
Secondary market security audit
Complete development of the Alpha version of secondary market
Team member
20% of all tokens are allocated for founding team, development team and early supporter of GRE for their contributions to the community, product launch and operations. Those tokens will release in the next 2 years with 25% tokens are unlocked in the first 6 months after token listing on any crypto exchange and 25% to be unlocked every half year thereafter.
INFO LEBIH LANJUT KLIK LINK DIBAWAH INI:
Situs web : https://www.gref.io/
Buku putih : https://www.gref.io/gre.whitepaper.en.pdf
Twitter : https://twitter.com/GRE_RISK
Github : https://github.com/gre-foundation
Bitcointalk : https://bitcointalk.org/index.php?topic=3178591.0
Telegram : https://t.me/GREF_EN
PENULIS: Fikri ali
profil bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1241761
ETH : 0x977f1244452358C4CcaF556F6DA87b852c697358
