In the history of investing or speculation, there has been no asset with a higher degree of volatility than Bitcoin. What started out as a simple idea written on a white paper by Satoshi Nakamoto has become a global phenomenon for investors from all walks of life. Even at today’s price of $8000, Bitcoin has registered a gain of 266,666,566% from its low price of $.003 in March 2010.
While many have gotten rich off Bitcoin and many others have left a fortune on the table by getting out too early, others have simply stayed on the sidelines due to Bitcoin’s price volatility. Since January 2012, Bitcoin has crashed over 50% on five separate occasions. These extreme moves and the lack of a hedging instrument have made many mere spectators.
While we won’t say the volatility will calm down, there is at least now finally a hedge for Bitcoin’s volatility. The solution is ODUWA COIN.
ODUWA COIN is a Nextgen cryptocurrency that offers indemnity and insurance against the volatility of the cryptocurrencies listed on the platform. This is achieved by combining Blockchain technology and insurance to give investors a way to insure themselves from losses in the cryptocurrency market.
The financial experts behind ODUWA understand investors’ concerns that investing in cryptocurrency is an enterprise with high risk considering its digital nature that is always prone to hackers, volatility and high uncertainty within the coin market. ODUWA aims to counter these problems through an intelligent solution, which involves selecting coins to insure, keeping a proportional reserve to the invested amount, and automated smart contracts.
The goal of ODUWA’s volatility insurance offering is to protect investors, utilizing a contract, against losses in leading, high-quality cryptocurrencies such as Bitcoin, Ethereum, Dash, Monero and ODUWA COIN. The list is expected to grow in line with the platform’s journey to maturity.
When investors put money into any of the cryptocurrencies that are on the platform’s approved list and if they select the insurance option, then ODUWA COIN guarantees