REGA Risk Sharing Partners with ICOBox: Revolution in the Decentralized Insurance Market is Near at Hand

Place/Date: Moscow, Russia - September 27th, 2017 at 8:09 pm UTC · 3 min read
Contact: PR Team Rega.Life, Source: Rega

The REGA Risk Sharing project announces about becoming partners with ICOBox for the emission of Risk Sharing Tokens (RST).

In the context of their cooperation, ICOBox provides general consulting support to REGA Risk Sharing in the preparation, launching, and conducting of the ICO campaign and, due to its extensive expertise, acts as the guarantor of timely emission of the token complying with the global legislative practice. ICOBox’s specialists conduct an analytical assessment and legal review of the documentation accompanying the tokens’ emission, and participate in developing a marketing strategy. ICOBox’s solutions are used to create a request collection system for the forthcoming ICO.

REGA Risk Sharing is the world’s first decentralized insurance (crowdsurance) platform, thanks to which physical persons will be able to unite in groups and insure one another’s risks – without insurance companies and other intermediaries.

“Such a collective association is based on the principles of autonomous decentralized organizations with the use of the blockchain technology, and regulated by smart contracts,” explains REGA Risk Sharing СEO Sergey Sevryugin. “In the nearest future, it will become possible to create services for mutual insurance of gadgets, automobiles, real estate, and human health on the base of the platform”.

“These are simple and very important relations between people, like what used to exist between neighbors in the yard, which become much more global now thanks to the blockchain technology,” notes ICOBox СEO Mike Raitsyn. “We believe that сrowdsurance is a product of the new generation, which will allow for giving up on two things that are unnecessary in the digital era: the fears of losing everything in one day and of paying lots of money to intermediaries of the transactions”.

With the money raised within the ICO, REGA Risk Sharing is planning to create a fully-functional platform for insurtech product developers on the existing platform, with a wide range of API instruments and tools for drafting of smart contracts. The raised money will also be intended to expand the geography of the LexiClub project (Europe, Asia, and the USA) – a pilot project launched by REGA RISK Sharing in March 2017, which has received a grant from Microsoft as part of the BizSpark Plus program for support of promising startups.

The ICO campaign has started on September 15 and will be completed by November 15, 2017 at the latest. Within the ICO, up to 3,000,000 tokens will be emitted, 50% and 1 token (1,500,001 pcs.) of which REGA Risk Sharing is planning to sell. The cost of the Risk Sharing Tokens (RST) within the ICO campaign will be equal to 0.1 ETH

About ICOBox

ICOBox is the first and the biggest new generation Blockchain Growth Promoter and Business Facilitator for companies seeking to sell their products via ICO crowdsales. ICOBox team includes programmers, smart contracts developers, marketers, analysts, and market expert. There are dozens of ICO campaigns implemented in ICOBox portfolio.

About REGA Risk Sharing

REGA Risk Sharing – REGA Risk Sharing – developer of decentralized crowdsurance platform based on smart contracts, scoring systems and artificial intelligence technologies. Crowdsurance is the association of individuals joint into communities in order to share financial consequences of their potential risks. Such collective cooperation is based on the principles of autonomous decentralized organizations on blockchain and regulated by smart contracts.