From recent research, I have found Bitrust, an affordable, easy to use, peer to peer cryptocurrency insurance marketplace. This platform is based on Ethereum as its blockchain smart contract technology. It offers affordable cryptocurrency insurance for retail digital currency investors.
Bitrust allows investors to be able to hedge any risks associated with any drop in the altcoin universe. The platform offers up the ability to significantly mitigate risks that are commonly associated with high market volatility. I have seen, throughout my research and market investigations, that as more and more investors are coming into the market of cryptocurrency, this is totally increasing the liquidity and attractiveness of cryptocurrency investments.
With the constant development of blockchain technology and the rapid increase in the cryptocurrency market, there is a much-needed space for a platform that offers an easy to use and secure insurance solution for all users and investors. Bitrust also offers the opportunity to promote greater involvement of blockchain technology in global day to day lives. The reduced risk and easy use aspect of the platform is one that will appeal to even the most novice cryptocurrency investor.
I have seen, in my research, that there are a variety of risk management solutions available for cryptocurrency enthusiasts, however, these are aimed at a limited scope of cryptocurrency investors, meaning that the availability for most investors is not there. These previously established insurance platforms also come with an incredibly high-cost factor included, which limits many from accessing also.
Bitrust offers an affordable, decentralized, peer to peer cryptocurrency insurance platform, and it aims at all investors, especially those who have limited or no training background. The fact that one will be able to bypass and drastically reduce the cost of applying risk management strategies in their investments will appeal to all cryptocurrency users.
The platform itself is built upon an Ethereum based blockchain smart contract technology. This offers entry to the cryptoverse for new investors, and the potential to scale up the amounts invested by current market participants, leading to an increase in the liquidity of altcoins, something which will hugely benefit the crypto market.
Bitrust has an extensive expert management team, which I for one am incredibly pleased to see. They have professionals from all walks of the crypoverse, from cryptocurrency experts, insurance operations experts, blockchain experts and so forth. This team has already achieved many milestones, and I can only see them superseding these milestones, to increase and better the cryptoverse market.
Looking at the current state of the market is something that the creators of bitrust have done diligently and in great detail. Looking at the cryptocurrency market capitalization, the different types of wallet available, numbers of active users, exchanges, problems with security and the arrival of big market players has allowed the bitrust platform to have a cohesive and current outlook on the blockchain and cryptocurrency universe.
The complete and entire industry is one that is increasing in size and pace to incur fresh capital injection into its markets. The presence of Bitrust as a safe, easy to use insurance platform is one that is timely and well thought out. The need is there for reliable risk management solutions and bitrust offers this in abundance.
Bitrust's decentralized peer to peer cryptocurrency insurance platform has a transparent agenda to address the gaps in the cryptocurrency market. This will serve regular blockchain enthusiast well, giving the opportunity to insure purchases and potentially limit losses in case of sudden market switches or drops. Bitrust provides opportunities for those outside of the top ten investors in the crypto universe, and allow them to hedge risks associated with such pitfalls like altcoin decreases.
Having seen first hand how quickly the scope of wallets available has increased, a platform such as bitrust which can offer insurance towards these blockchain platforms is incredibly reassuring. It certainly increases the attractiveness of cryptocurrency to all. Above all else, Bitrust appears to me to be the central point where an insurer meets a trader, the insurer is willing to insure a certain cryptocurrency position, and make it affordable, decentralized, easy to use, peer to peer with transparent self-execution based upon the ethereum blockchain leveraging smart contract technology.
Any opportunity to mitigate the risks that one associate with the high volatility of the digital currency market is one I can get onboard with. Being able to insure against ethereum (market value $100) dropping in price by 30% against BTC for 96 hours is an incredible marketing point. There are the options to have digital currencies as insurance, and be able to in return claim an equivalent value if the price drops past a certain point.
Personally, I see this platform as a simple and clear business model, which will offer stability and affordability to all who use it.
My Bountyhive Referral(Username: Carpgoth)
The foundation of BITRUST cryptocurrency insurance platform is a decentralised exchange and transaction clearing system which eliminates possible fraud and single-point-of-failure risks and prevents the system from external regulation.
Yes. I think this project can be run on the blockchain
Insurance and blockchain investors will be brought together in the future.
In my opinion, #Bitrust will be very popular in the forthcoming days.
Upvoted and resteemed. Thank you for using my service
thank again
Oh thanks for the information
The information is power. And we are strong as we share each other.
Thanks for your information.
Thanked By
@noor.money
I hope my article is useful in terms of informing