InsurAce

InsurAce

INSUR
$0.034553501%5.95

Key Metrics

Price$0.034553501
Real Volume (24H)$127,339.42
Marketcap$1,551,173.2
Fully Diluted Valuation$7,100,564
ATH$15.2
ATH Date4/1/2021, 7:04:27 AM
ATL$0.059703
ATL Date11/22/2022, 10:51:19 AM
Circulating Supply60M
Total Supply100M
WebsiteN/A
WhitepaperN/A
Popularity Rank2136
Chart
What is InsurAce?

InsurAce.io (INSUR) is a decentralized protocol that offers reliable insurance services in the DeFi ecosystem. The platform's primary goal is to provide flexible and secure coverage for DeFi assets. According to the developers, the platform offers low insurance premiums, high return on investment, cross-chain coverage, and wallet availability.

InsurAce.io functions as both a DeFi and an insurance protocol, offering two platforms: insurance and investment. These platforms work together to provide stable profit to the insured, the insurer, and the investor, offering what the platform calls zero-premium insurance. The developers have designed a unique pricing model that, along with a portfolio-based product design, enables users to achieve ultra-low premiums that are close to zero.

The platform offers users the option to remain anonymous and avoid a KYC process, providing a level of privacy not offered by traditional insurance providers. InsurAce aims to provide an infrastructure-level DeFi insurance protocol and was launched in October 2020. The project has received significant backing from various funds, including DeFiance Capital, ParaFi Capital, Huobi DeFi Labs, Hashed, Signum Capital, and LuneX Ventures. In February 2021, InsurAce raised another $3 million in a strategic round.

InsurAce's founder and CEO is Oliver Xie, a programmer and cryptocurrency enthusiast who previously served as the CTO, head of digital assets, and founding member of the Asia Pacific Exchange (APEX). The platform is headquartered in Singapore, with Sum Wei as the tech lead and Leo FIA as the product lead.

The platform's core mission is to protect users with convenient product access and investment efficiency. InsurAce's advantages include "0" premium, liquidity mining, and sustainable returns. The platform evaluates risks to make it easier to manage losses and plans to develop a line of products that will cover a wide range of DeFi protocols. Insurers have access to a wide range of asset pools, which can reduce coverage costs.

In conclusion, InsurAce.io aims to be a reliable insurance protocol for DeFi assets and offers a unique pricing model that enables users to achieve ultra-low premiums. The platform provides anonymous options and is backed by significant funds. Its core mission is to protect users with convenient product access and investment efficiency, offering a sustainable and profitable solution for DeFi insurance.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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