What is inSure DeFi?
inSure DeFi is a revolutionary new decentralized insurance ecosystem designed to protect the crypto portfolios of community members from the many risks that are inherent in the crypto space. Whether it's scams, exchange closures, or drastic devaluations, inSure DeFi provides insurance solutions to stabilize and secure your crypto and DeFi portfolios.
One of the key factors that make inSure DeFi stand out is the transparency and openness of its financial information. The blockchain is a distributed ledger, which means that every node has the same copy of the data. When the data changes, every insured person can see the synchronized and updated data, making the operation of each fund open and transparent. To ensure that users have access to all of the relevant information, there will be a dedicated module on the inSure DeFi website that will disclose all relevant information, including risk factors, minimum capital requirements, historical data on token prices, a summary of claims assessment, and the number of locked and traded tokens.
Another important aspect of inSure DeFi is the surplus pool. This is a pool of funds that accrues whenever an insurance premium is paid. 40% of each premium will be added to the surplus pool, and another 10% will be reserved until the expiration of the contract. If there are no claims, this money will also be added to the surplus pool. The surplus pool will grow over time, and will be used to cover insurance claims first. When the surplus pool cannot cover all claims, the capital pool will be used to pay the rest. As the surplus pool grows, SURE holders will receive a percentage of the staked SURE to better incentivize the increase of the inSure Staked Pool.
In addition to providing insurance, inSure DeFi also allows holders to stake their tokens on different DEXs and earn a percentage from each trade. For the first phase, the focus will be on risks associated with scams, devaluations, and stolen funds. As the platform evolves, more less-correlated businesses will be introduced to deliver higher returns to token holders through community voting.
All operations on inSure DeFi are completed by smart contracts, but in order to take into account the interests of users, better achieve decentralization effects, and ensure the process is more transparent, decisions of certain events will require community voting. To facilitate this process, the platform will set up an inSure DAO organization to manage extreme situations. It's important to note that the inSure DAO does not have control of the fund pool, and cannot release funds to any specific person. Each committee member can be replaced by voting at any time.
The inSure DAO will operate in accordance with the two core principles of sustainability (ensuring the interests of community members by ensuring the sustainability of the overall funding pool) and growth (promoting sustainable premium increases and inSure DAO membership growth). The members of the inSure DAO organization include several people with specific expertise in insurance, co-governance, and blockchain development. With inSure DeFi, you can rest easy knowing that your crypto portfolio is protected and secure.
inSure DeFi is a revolutionary platform that offers a community-based crypto asset insurance ecosystem, where users can insure their crypto-portfolio by purchasing SURE tokens with fiat and other cryptocurrencies. The platform is designed to distribute crypto ownership risks amongst a liquidity pool, with insurance premiums determined by a Dynamic Pricing Model that leverages Chainlink. This ensures that the capital required to back the risks at any point in time is based on the market pricing of SURE tokens, as well as community demand for insurance of crypto portfolios.
One of the key features of inSure DeFi is its decentralized support system, called the inSure DAO, which is used to diligently process all the insurance claims. The inSure DAO is responsible for making sure that any fraudulent claims are flagged and only valid claims are fulfilled. This ensures that the platform is transparent and fair for all users, and that their interests are protected at all times.
inSure DeFi is also committed to providing accurate and transparent financial information for its users. The platform has a dedicated module on the homepage of the website that discloses relevant information, such as risk factors, minimum capital requirements, historical data on token prices, a summary of claims assessment, and the number of locked and traded tokens. This information is updated in real-time every quarter, ensuring that users always have access to the most up-to-date financial status of the platform.
The platform also has a surplus pool that accrues whenever an insurance premium is paid. 40% of the premium is added into the surplus pool, and another 10% is reserved until the expiration of the contract. If there is no claim, it will add into the surplus pool. The surplus pool will grow over time and will be utilized to cover insurance claims first. When the surplus pool cannot cover all the claims, the capital pool will be used to pay the rest. When the surplus pool grows large enough, the SURE holders will receive a percentage from the staked SURE to better incentivize the increase of the inSure Staked Pool.
In addition to the insurance solutions provided by inSure DeFi, holders of SURE tokens can also stake on different DEXs and earn a percentage from each trade. This is in addition to the insurance that inSure plans provide, giving users multiple ways to earn returns on their investments.
For the first phase of the platform, inSure DeFi will focus on the risk against scams, devaluations and stolen funds. However, as the platform grows and evolves, more less-correlated business opportunities will be introduced to deliver higher returns to token holders through community voting.
In conclusion, inSure DeFi is a community-based, decentralized insurance ecosystem that offers a transparent and fair platform for users to insure their crypto-portfolio. The platform is committed to providing accurate financial information and has a decentralized support system in place to ensure that all claims are processed fairly. The surplus pool and staking opportunities also provide multiple ways for users to earn returns on their investments. inSure DeFi is a platform that is poised to revolutionize the crypto insurance space and provide peace of mind for crypto holders everywhere.
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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