The rapidly growing cryptocurrency market has been facing an increasing number of security breach incidents. Given the current market value of $250 Billion dollars as of Q2, 2018. As the market continues to grow, so do the scams. Cryptocurrency exchanges are frequently facing such attacks from cybercriminals in an attempt to steal cryptocurrencies.
Hacking greatly diminishes the investor confidence and acts as the main threat to the value of cryptocurrencies. Reimbursing the investors on the damages due to these hacks is slow and incredibly costly. Incodium coin (INCO) has been designed to streamline this process.
Incodium is a risk management protocol which provides fast and accurate compensation features for investors who have been victims of hacking incidents. It’s underlying technology works on Smart Compensation which provides a one-stop solution against exchange hacking.
Incodium coins amounting to the compensation amount is sent to the Incodium Mobile Wallet app. The amount of compensation received is the lowest amount out of these three parameters:
- 30 times the amount of Incodium coin owned
- $10,000 USD
- Actual damage
Where can users earn and spend INCO coins?
- Retail Payments
Incodium has partnered with Union Soft (which features more than 10,000 retail clients) to develop a specialized POS software (patent pending) to allow INCO coin payments through the Incodium Mobile Wallet App.
INCO coin holders will also benefit from exclusive access to Incodium’s e-commerce platforms which offers ‘coin back’ rewards.
- Big Data
Users can receive rewards by watching advertisements and by offering data collection.
- Crowd Buying
INCO’s built-in voting system allows crowd sourced purchases for high-value items. These items can later be sold while sharing profits.
- The 1stPublic Sale for Incodium’s INCO tokens completed on 30th July 2018.
- The Second Public Sale is ongoing and will last till 27th August 2018.
- The participants can choose to invest between 0.4 ETH – 400 ETH in Incodium.
- Presently, 1 ETH = 30,000 INCO coins.
For more information, visit Incodium.io
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