CDST (Credit Default Swap Token) is a tokenized insurance product. It provides users with insurance against defaults and bankruptcies in financial area. The insurance instrument works an OTC offer of the token and a protocol to lock the sum insured in the client's account. If the insured case happens, the user provides proof and his tokens get unlocked. The profits of insurance premiums are managed by several funds. Our project also offers inner staking so that the stakers get interest in form of a share of a transaction. Right now, the project performs functions as a centralized platform for insurance products against risks arising in financial operations, such as investing or trading. But one of the new major goals of the project lies in developing a decentralized insurance products and a decentralized insurance platform, where people could insure other people and make it in a self-balanced digital way without any third party.
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Team building and concept development.<br />
10/01/20
Announcing a pre-sale on Waves.Exchange of 1,000,000 CDST in USDN and USDT pairs, setting a fund for investments in the development of the CDST project until 04/01/21.<br />
02/01/21
We make a public announcement of the project's start. We launch the sales of all our insurance products; Staking is launched, too.<br />
07/15/21
Fundraising and token sale starts.<br />
10/01/21
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Open partnership with Funds for capital management, Apply for listing on other crypto exchanges
11/01/21
Partnership with Swop.fi to boost liquidity.<br />
We open positions for redemption of CDST in pairs with WAVES, and with other currencies (TOP- 5 in terms of cryptocurrency capitalization as of the indicated date).
01/15/22
Listing on several other exchanges; We place orders for another 50 mln. CDST on these exchanges from the Liquidity Fund
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