We decided to start the business with our own capital of 60 million.
We want to give some figures from the laws of Switzerland:
- The basic requirements for a license for an insurance company: minimum capital requirement - CHF 3 to 20 million, depending on the sector (Insurance Supervision Act (ISA)).
- The bank must have a fully paid-in share capital of CHF 10 million (art. 15 para. 1BankO).
So, by the fact, we are several times stronger.
The smart system being worked on by a very talented team. Millions of tested possible scenarios using Blockchain technology.
Why we charge Euro and pay in case of financial losses back on Crypto?
Because if we charge Crypto and the same Crypto will go extremely down or disappear from the market, then it will make no sense. By collecting cash, our system can prepare the reserve of difference Crypto for the worst case scenario.
We are sure that same of the Crypto go up, and some disappear from the market. It's the only possibility to manage the risk if you are working with different Crypto at the same time and understand how each Crypto is built.
So on behalf of our team, we strength can say: we manage your risk!