What is Uno Re (UNO)?
Uno Re is a blockchain-based reinsurance platform built on Polkadot. The platform allows the community to invest and receive decent returns from safe asset classes. Uno Re is decentralized, hence removing barriers to capital and regulations for investors. The protocol also enables users to design innovative insurance products. It propels a new generation of InsurTech-based companies into its ecosystem.
Uno Re is powered by the native token UNO. View the UNO price on the live Uno Re price chart above.
Uno Re has two main products: the Cover Portal and the Risk Investment dApp.
The Cover Portal offers a risk coverage plan for any asset in your wallet. It uses a proprietary AI-based algorithm. The algorithm is dynamic, customized, and instant to risk-free users’ assets.
The Risk Investment dApp offers various investment opportunities with high returns. The protocol offers insurance and insurance capacity pools where you can stake to enable policy sales on the cover portals. Stakers earn massive APYs and a share of all premium profits.
Besides staking and liquidity pools, Uno Re has other tailor-built insurance products aimed at improving the investor's experience:
- Cross Chain bridges – allow users to transfer tokens across blockchain networks.
- NFT marketplaces – where users can buy and sell their NFTs easily and securely.
- Oracles – these are protocols that connect the Uno Re ecosystem to external systems. Uno Re oracles make the creation and running of reinsurance products simple and transparent.
- Metaverse assets – opens the world of metaverse to the platform users.
- Product development suite – the protocol offers tools for users to develop their products.
Use Cases of UNO Tokens
Uno Re token is a utility and governance token of the ecosystem. The token can be invested in liquidity mining, farms, and reward pools. The rewards are also paid out in UNO coins. Besides that, Uno Re crypto assets act as a medium of exchange, facilitating various transactions in the ecosystem. Lastly, the UNO token is also a key to various privileges, such as discounts and higher interest rates for Uno Re users.
You can add the Uno Re token to your portfolio. However, it is important to research Uno Re price, as it is a volatile investment asset. The above chart indicates the live UNO price.
Who Founded Uno Re?
Uno Re was created by a team of experts. The team is led by Jaskanwar Singh (co-founder and CEO) and Sujith Sizon (co-founder and CTO). Jaskanwar is highly experienced in InsurTech and blockchain, having worked with multiple health InsurTech companies in the Middle East region. Sujith Sizon has been a leading security researcher at Xiaomi. He has also built and sold a decentralized vehicle marketplace application on the Ethereum blockchain.
Tokenomics of UNO
UNO is a deflationary token with a maximum supply of 380,539,316 UNO. Uno Re tokens are structured to provide exponential growth boost to the Uno Re ecosystem and products. The fixed supply prevents an excess supply of tokens, hence protecting the Uno Re price. The Uno Re coin distribution is as follows:
- Reinsurance Cell/liquidity – 31.42%
- Seed/Private Round – 11.57%
- Marketing Expenses – 12.46%
- Community Incentives and Rewards – 9.16%
- Operational Expenses – 8.64%
- Team – 7.59%
- Treasury – 5.24%
- Advisory, Legal, and PR – 4.58%
- Acquisition – 3.67%
- Liquidity and Exchange Partnerships – 2.62%
- Advisors – 2.62%
- Crowdsale – 0.44%
