Umbrella Coin is a next generation insurance platform built on the Ethereum blockchain. Our goal is to provide value to our policyholders with residual benefits when life events happen.
WEBSITE | DOWNLOAD WHITE PAPER
UMC Crowdsale:
August 20 12:00 UTC - September 20 12:00 UTC
ROADMAP
Our main product during the ICO is to create the infrastructure and client for exchanges, and the growth of invested capital of coins. Afterwards we will explore marketing this to existing agencies accepting insurance claims directly, shareholder voting for accepting claims, and expanding policies into different areas.
June-July 2017 – Whitepaper written, website launched
August-October 2017 –Client and smart contract development for benefits; float infrastructure implementation
October 2017 – Client launched
September-December 2017 –policy/claim creation; claim review from community
November-December 2017- start partnering with existing benefits companies to offer UMC through their network
February 2018 – Client feature complete
May 2018 – automatic claim review; coin holder policy improvements
2018 - further partner expansion; algorithmic review
Our main product during the ICO is to create the infrastructure and client for exchanges, and the growth of invested capital of coins. Afterwards we will explore marketing this to existing agencies accepting insurance claims directly, shareholder voting for accepting claims, and expanding policies into different areas.
June-July 2017 – Whitepaper written, website launched
August-October 2017 –Client and smart contract development for benefits; float infrastructure implementation
October 2017 – Client launched
September-December 2017 –policy/claim creation; claim review from community
November-December 2017- start partnering with existing benefits companies to offer UMC through their network
February 2018 – Client feature complete
May 2018 – automatic claim review; coin holder policy improvements
2018 - further partner expansion; algorithmic review
ICO
ICO Start Date: 20 August 2017 12:00 UTC
ICO End Date: 20 September 2017 12:00 UTC
Issuance of UMC Tokens: 100 000 000 Tokens
Exchange rate: 600 UMC = 1 ETH.
Minimum transaction amount: 60 UMC (0.1 ETH)
Maximum transaction amount: 1 800 000 UMC (3 000 ETH)
Bonuses: in the first two days, the participants will get a 20% tokens bonus
Bounty: 1 200 000 Tokens (1.2% of issuance)
Total Sale goal: 100 000 ETH
Minimal Sale goal: 5 000 ETH
Token distribution rules:
• 68.8% (68 million tokens) will be available to participants
• 20% (20 million tokens) will be allocated to the UMC trust and will be used to build a preliminary float pool.
• 10% (10 million tokens) will be distributed among team members
• All collected funds shall be received and stored on wallets with multi-signatures
CROWDSALE DISTRIBUTION
The crowdsale funds will go towards funding future development of the UMC platform and helping us meet our roadmap goals. We are currently a distributed team and plan to maintain this arrangement to keep costs low. Depending on the success of the ICO, we see our funding able to sustain the development team for 3-4 years.
Umbrella Coin Bounty Program
There will be 1.2% of total tokens available during this bounty. This amounts to 1.2 million tokens. Rewards will be given for the following activities:
20% Social Media (10% Facebook and 10% Twitter)
20% Translation and Moderation
30% Blog and Media
30% Signature
