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Conceptual Model

They are building a token on the Ethereum blockchain to provide insurance benefits for hidden costs of insurance (deductibles, co-insurance, co-pays etc.). They plan for the policy/claim system to be completely democratized. This model allows them to eliminate many of the fees, overhead and claims delays that exist with existing insurance companies and cover claims traditional insurance companies do not.

Project Description

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.Team:Terry Tata: President and CEORoshan Parikh: Lead Blockchain DeveloperDavid Lackey: Software ArchitectElizabeth Sternhell: Senior Software EngineerForrest Whitehouse: Chief Softwaree EngineerChristopher Fong: Backend Software EngineerDavid Arnold: Marketing and SalesAlexander Vargas: Marketing and SalesToken reserve split (31.2%) -20% float pool10% Team1.2% Bounty

Founders and Associates

Ryan Sweet -CEO

Chris Fong -Backend Software Engineer

Alexander Vargas -Chief of Marketing and Sales

Nick Guerrera -Operations Manager

Brandon Sweet - Insurance Advisor

Conrad Membrino -Senior Insurance Advisor

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*Disclaimer: This data should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency/cryptotoken or ICO.
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