Umbrella Coin - Democratized Insurance

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.

STO/ICO Status

Status
Successful
Symbol
UMC
Start Date
2017-08-20
End Date
2017-10-20
Amount Raised
1,531 ETH
Soft Cap
1,500 ETH
Hard Cap
100,000 ETH
Token Supply
69,000,000
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Basics

PlatformEthereum
TypeERC20
AcceptingOthers, ETH
Circulating SupplyN/A
KYCN/A
Restricted AreasN/A
HomepageWebsite URL
White PaperView/Download

Bonus

  • First 5000 ETH raised - 100% bonus

About

Own Your Capital

UMC is built on the UMC network. The UMC network carries an unspecified amount of UMC to handle benefits payouts. This pool acts as float. Traditional insurance companies take money from premiums and immediately invest it. UMC allows you to own a stake in the network float and be involved in the payout process.

Claims and Benefits

UMC will pay you a benefit during specific life events to ease the burden of financial hardships. This includes items such as deductibles, co-pays, and co-insurance. Claims are paid out from the existing float. Extensive measures will be taken to ensure coin holder safety including mature dates, maximum payouts, and voting on fraudulent claims.

Peace of Mind

At the end of the day, your insurance should be there to help you get through tough times, while still letting you enjoy the good times. UMC's next-generation platform to engage the community and crowdfund benefits packages gives you peace of mind that, in case of emergency, you will be taken care of.

Distribution/Crowdsale

  • Issuance of UMC Tokens: 100,000,000 Tokens
  • Exchange rate: 600 UMC = 1 ETH
  • Minimum contribution: 60 UMC = 0.1 ETH
  • Maximum contribution: 1,800,000 UMC = 3000 ETH
  • Bonuses: in the first two days, the participants will get a 20% tokens bonus
  • Bounty: 1,200,000 Tokens (1.2% of issuance)
  • Token distribution rules:
    • 68.8% (68 million tokens) will be available to participants
    • 20% (20 million tokens) will be used to build a preliminary float pool.
    • 10% (10 million tokens) will be distributed among team members

 

Team View All

Terry Tata
Terry Tata
President and CEO
Roshan Parikh
Roshan Parikh
Lead Blockchain Developer
David Lackey
David Lackey
Software Architect
Elizabeth Sternhell
Elizabeth Sternhell
Senior Software Engineer
Forrest Whitehouse
Forrest Whitehouse
Chief Software Engineer
Christopher Fong
Christopher Fong
Backend Software Engineer