New BitDegree Mission Launches: Explore Decentralized Reinsurance with Re

Re allows US and international investors to earn insurance premiums by backing various risks, including general liability, workers' compensation, and auto insurance.

The reinsurance company uses smart contracts, which enable underwriters, auditors, and others to collaborate while maintaining transparent and secure records.

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Built on the Avalanche AVAX $36.57 network, Re ensures fast transactions and quick settlements, which reduces administrative costs and makes its services more accessible.

In addition to offering valuable knowledge about Re, this new Mission, available on both BitDegree's website and mobile application, also allows participants to potentially earn rewards.

First, Mission participants who reside in the US have a chance to win a share of the 200 USD Coin USDC $0.9974 prize pool in the Lucky Draw event if they complete all Mission rounds before February 14. The prize pool will be distributed to 20 Lucky Draw winners within three weeks after the event ends, with each receiving 10 USDC.

Second, this free-to-join BitDegree Mission enables participants who complete all rounds, including all Social Actions, to earn rewards of up to 1,300 Bits (available regardless of where one resides).

It is also worth noting that accumulating Bits boosts participants’ chances of winning in the Lucky Draw events. They can get more Bits by taking other BitDegree Missions.

For instance, BitDegree recently launched the Sweeten Your DeFi Experience With Vanilla Finance Mission, where participants can earn up to 1,500 Bits and have a chance to win a share of 25,000 “Sugar”, the reward points of Vanilla Finance.