iCash (ICASH) Validating Smart Contract Settlements.

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283 Ratings
81 Followers

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Product

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General

Status:
Ended
Website:
Whitepaper:
Country:
USA
Pre-sale Time:
29 Sep 2018 - 14 Oct 2018
ICO Time:
15 Oct 2018 - 30 Oct 2018
Whitelist:
No
KYC:
Yes

Financial

Price:
1 ICASH = 1 USD
Accepting:
BTC, ETH, QASH, BCH, USD
Soft cap:
TBA
Hard cap:
50,000,000 USD

Token Info

Ticker:
ICASH
Platform:
Ethereum
Token Type:
ERC20
Available for sale:
200,000,000 ICASH (20%)
Total supply:
1,000,000,000 ICASH

iCash stands to be the first ever Insurance protocol for blockchain transactions and Smart Contracts. Its proprietary Proof of Trust (PoT) protocol enables real-world inputs to be validated by decentralized participants before settling Smart Contracts on any Blockchain. The iCash PoT reduces the chance of an invalid Contract executing from a hypothetical 1 in 20 to less than 1 in 1 billion.

While many large enterprises are looking into blockchain systems, they are unable to utilize blockchain with the existing risk of settlement inaccuracy. In the analog world, contracts can be contested and corrected by humans (i.e., lawyers, banks), but Smart Contracts execute automatically based on whatever inputs they receive. If an incorrect input is submitted to a Smart Contract, it could have millions of dollars of consequences. A risk that major organizations cannot take.

The iCash Proof of Trust Protocol is the solution: It allows Smart Contract Users to contest and confirm a determination by distributing verification to highly qualified delegates before being recorded irreversibly to the Blockchain. Real world users participate in the network while incentive mechanisms ensure and reward delegates for providing trustworthy data.

iCash Tokens are escrowed to enable Smart Contracts utilizing the protocol and by any delegate adjudicating those contracts. In a situation where the protocol is not activated (the settlement is not contested), those escrowed tokens are returned to the staking participant, driving token demand regardless of the need for the contestation.

Comprised of celebrated business executives, the iCash team has previously held top positions at many of the world's largest most trusted corporations including Goldman Sachs, Latham & Watkins, Credit Suisse, Deutsche Bank, the State Pension Fund of Massachusetts, and more. With advisors and partnerships across multiple continents and planned deployment on multiple blockchains, iCash is a diversified exposure to the growth of the entire blockchain ecosystem.

Will McDonough

Founder and CEO

Jonathan Malveaux

Co-Founder & President

Ling Qing Meng

Chief Technology Officer

Donald Payne

Chief Compliance Officer

Michael Lubman

Chief Financial Officer

John McDonough

Director of Strategic Partnerships

Liz Lynch

Director of Global Marketing

Tristan Thoma

Head of Strategy

Nick Grosz

Community & Trading

Rico Chen

VP of Engineering

Yuanzhang Song

Enterprise Architect

Archana Dixit

Blockchain Architect

Anant Tapadia

Product Manager / Crypto SME

Div Prakash

Head of Engineering

Mandana Dilmaghani

Service Design Lead

Prasanth Kancharia

Lead Business & Technical Analyst

4.47
Overall rating
Based on 283 community ratings and 0 community reviews

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4.42 Product

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4.43 Team

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