GLOBAL RISK EXCHANGE
The buzz about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day. People want to invest in the new projects. We have the biggest tool in the world, and it is called the Internet. The internet is a enormous base of information where we can do anything. Internet has connected the entire world. One of these projects is Global risk, whose main goal is risk sharing by everyone, with everyone, for everyone through the Global risk Token.
WHAT IS GLOBAL RISK?
Global Risk Exchange(or “GRE”) is a blockchain based, decentralized global risk contract market and public chain, with the purpose of helping individuals, companies and organizations to freely hedge, transfer and trade their risks. GRE completely reconstructed traditional risk management industry(insurance and derivative markets) in a decentralized way, and will become the underlying operating system to support insurance and derivative transactions in the era of blockchain.
THE GRE PLATFORM
The GRE platform charges a certain fee for each risk management transaction and injects it into the foundation development fund for subsequent platform development and maintenance.
The GRE Foundation is an independent body with the main responsibility are:
Supporting the technical development of the GRE blockchain platform, selecting and introducing major partners and actively developing the GRE community
GRE Foundation will be responsible for community development, incentives design,legal affairs and compliance
Responsible for the design of the smart contract, allow community developers to submit the code changes and bugs, establishing a fair and reasonable evaluation mechanism
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:
1.All risk management contract use RISK as transaction intermediary and all risk contract claim distribution will use RISK for settlement;
2.Users on GRE platform should buy RISK tokens to pay for transactions fees;
3.Any institutions and individuals could publish risk management contracts using GRE platform and will get volume based rewards in RISK tokens;
4.GRE community will reward developers with RISK tokens in light of their code contributions;
5.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;
6.GRE platform allows exchange dealers use RISK tokens as collaterals to issue market pegged stable coins; similar to BITCNY and BITUSD on Bitshares platform
All risk management contract transactions on the GRE platform use RISK token as transaction intermediary, and also the settlement of the contracts can use RISK additionally.
Users in GRE platform pays dealing fees exploitation RISK token.
Any organization or individual will produce a risk management contract on GRE platform once comunity review and procure a transation volume based mostly rewards.
The community can reward developers with RISK token supported their code contribution.
All people and organizations area unit able to share contracts on GRE platform and attract new customers to trade risk mangement contracts and that they can receive an award from dealing fee collected from the new customers they invite.
Exchange dealers on GRE platform will RISK as collateral to issue market pegged tokens, corresponding to GRE.USD or GRE.CNY. This mechanism is comparable to the BTS and BITUSD within the Bitshares ecosyetem.
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Author : https://bitcointalk.org/index.php?action=profile;u=2001712