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ValPromise runs a blockchain-based platform for issuing and trading value promise contracts, starting with weather contracts.
Based in Beijing, China and established in 2018, ValPromise builds a blockchain platform where users can create, issue and trade distributed contracts, including derivative contracts. Its weather contract product has an Android version and is used for risk management in insurance, futures and options. Revenue comes from issuing and trading these contracts and from sales of its weather contract product, paid through its platform token, VPP.
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