Blockchain Deposit Insurance Corporation (BDIC)
Executive Summary
BDIC provides decentralized deposit insurance for cryptocurrency assets through blockchain technology, addressing the $2.2B+ annual losses from crypto exploits and exchange failures.
Technical Architecture
- Network: ERC20
- Token Supply: 1.6B BDIC coins
- Smart Contracts: Automated claims processing and risk assessment
- Reserve: 33% backing in stable assets & BTC
Technical Architecture
- Insurance Reserve Pool: 528M (33%)
- Foundation Escrow: 528M (33%)
- Ecosystem Development: 320M (20%)
- Team/Advisors: 107M (7%)
- Community Rewards: 64M (4%)
- Marketing Initiatives: 53M (3%)
Insurance Framework
Coverage Tiers
Standard:
- Range: $0 – $10,000
- Requirements: 12-month history, 0.7 risk threshold
Preferred:
- Range: $10,000 – $20,000
- Requirements: 18-month history, 0.8 risk threshold
Risk Assessment
Weighted factors
- Holdings Assessment (30%)
- Account Longevity (20%)
- Security Implementation (20%)
- Transaction Activity (15%)
- Exchange Risk (15%)
Market Opportunity
- Current Users: 562M (2024)
- Projected Users: 3.1B (2035)
- Market Cap Target: $35.2T (2035)
- Primary Markets: Asia Pacific (2025-2030), Africa/Latin America (2030-2035)
Development Timeline
- Q3 2025: Smart contract deployment, basic insurance
- Q4 2025: Advanced features, expanded coverage
- 2026: Cross-chain capabilities, institutional solutions
Token Utility
- Insurance premium payments
- Governance voting
- Staking rewards
- Claim settlements
- Protocol fee reductions