What is InsurAce (INSUR)?
InsureAce is a decentralized protocol created to provide reliable insurance services to DeFi users. The protocol helps users access flexible, reliable, and cost-effective coverage against various risks. It also offers them investment opportunities. In essence, InsureAce boasts low insurance premiums for users, high return on investment for investors, and cross-chain coverage.
The project has two platforms: Insurance and Investment. The insurance platform offers insurance coverage products while the investment platform provides investment services to users. The two platforms operate interdependently to give all classes of stakeholders unrivaled experience.
InsurAce offers zero-premium insurance, meaning it does not charge a monthly premium. Besides, the platform combines various features, including portfolio-based product design, a unique pricing model, and sustainable investment returns.
The platform's native token, INSUR, powers the activities of the entire InsurAce ecosystem. The token is an ERC-20 token, secured by the Ethereum blockchain. You can check the current INSUR price on the InsurAce price chart above.
Lastly, note that the InsurAce crypto project runs based on a DAO principle, making it a truly decentralized platform. Anyone can become a DAO member by simply owning INSUR tokens. The network also has an advisory board comprising of InsurAce employees and independent experts. The board monitors the activities of the DAO and gives the necessary recommendations.
Use Cases of INSUR Tokens
INSUR coin is a multi-utility asset powering the InsurAce.io ecosystem. For starters, the token is used to incentivize participation in the ecosystem.
Moreover, InsurAce token holders can invest their assets in the mining pool or stake them to earn decent rewards.
Besides, INSUR represents voting rights concerning the project's development, which makes it a governance token.
Planning to purchase InsurAce coins? Remember to always do a thorough INSUR price analysis to make more informed purchasing decisions. Find live data on the InsurAce price chart above.
Who Founded insurance?
Oliver Xie founded InsurAce in April 2021. Xie is an experienced programmer and cryptocurrency enthusiast. He co-founded the Asia Pacific Exchange (APEX) where he also served as the CTO. Other leading team members include Sum Wei (tech lead) and Leo FIA (product lead).
Tokenomics of INSUR
InsurAce token has a maximum supply of 100 million INSUR. The token economics is designed to ensure sustainability and protect the InsurAce price from collapsing due to inflation. The token is distributed as follows:
- Seed Round – 10.7%
- Strategic Round – 9.25%
- Team & Advisors – 15%
- DAO Reserves – 18%
- Initial Liquidity Bootstrap – 2%
- Mining Reserves – 45%
