Etherisc (DIP) offers a pioneering decentralized insurance platform, leveraging blockchain technology to automate transactions, reduce costs, and democratize access to reinsurance instruments. More
| Fully Diluted Valuation | $6.99M |
|---|---|
| 24H Trading Volume | $1,273 |
| 24H Low / High | $0.01 / $ 0.01 |
| Circulating Supply | 383.45 M |
| Total Supply | 1.00 B |
| Max Supply | ∞ |
| Categories | Insurance 3 more |
|---|---|
| Founder | Christoph Mussenbrock 2 more |
| Website | etherisc.com Whitepaper |
| Socials | 2 more |
| Chains | Ethereum Ecosystem 2 more |
| Explorer | Gnosisscan 6 more |
| Contracts |
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2 more
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| Name | Pair | OG Score |
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Etherisc: Revolutionizing Insurance Through Blockchain and Decentralization
In the rapidly evolving landscape of blockchain technology, Etherisc is making waves with its innovative platform for decentralized insurance applications. Established in 2016 by Christoph Mussenbrock, Renat Khasanshyn, and Stephan Karpischek, Etherisc is headquartered in Munich, Germany, and is at the forefront of the emerging blockchain economy.
Decentralized Insurance Protocol (DIP): The Heart of Etherisc's Ecosystem
The core vision of Etherisc revolves around leveraging blockchain to enhance the efficiency of insurance transactions, reduce operational costs, increase industry transparency, and democratize access to reinsurance instruments. The company aims to bring insurance back to its roots as a societal safety net by creating a peer-to-peer risk platform, allowing individuals and groups to build bespoke insurance risk pools and services on the platform.
DIP Token: A Versatile Asset in the Etherisc Ecosystem
At the heart of Etherisc's ecosystem is the DIP token, short for "Decentralized Insurance Protocol." This native token provides users with access to the platform and offers various functionalities, including staking for collateral in risk pools. Users can stake DIP to ensure future performance, availability, and service levels, signaling both quality and reputation within the platform. Beyond risk pools, DIP tokens can be staked for services, quality assurance, and governance, making it a versatile asset within the Etherisc ecosystem.
Smart Contracts Powering Innovative Insurance Products
Etherisc's platform utilizes smart contract technology for end-to-end automation of insurance transactions, enabling the creation and distribution of innovative parametric insurance products on the blockchain. The company has already made strides in the insurance market by licensing Crop Insurance and Flight Delay Insurance. These decentralized insurance products provide automated and almost instant payouts triggered by reported flood or drought events for Crop Insurance and reported flight cancellations or delays for Flight Delay Insurance.
Exploring New Frontiers: Social Insurance, Hurricane Protection, and More
Looking ahead, Etherisc is actively exploring new frontiers in insurance. The company is currently prototyping Social Insurance, designed to protect against the risk of death or illness within a community, offering immediate emergency payments to policyholders during critical times. Additionally, Etherisc has designed policies for Hurricane Protection, Cryptocurrency Wallet Insurance (protection against theft or wallet hacks up to $1 million), and Collateral Protection for Crypto-backed Loans (safeguarding up to 100 percent of an issued loan amount if collateral value drops by 90 percent or more).
A Commitment to Decentralization, Transparency, and Accessibility
Etherisc's commitment to decentralization, transparency, and accessibility sets it apart in the insurance industry. As the company continues to innovate and expand its offerings, it positions itself as a leading force in reshaping the future of insurance through the power of blockchain technology. With the DIP token as the driving force behind its decentralized ecosystem, Etherisc is paving the way for a more inclusive and efficient insurance landscape.
Etherisc stands out for its pioneering decentralized insurance platform, utilizing blockchain technology to offer innovative parametric insurance products, automate transactions, and democratize access to reinsurance instruments, revolutionizing the insurance industry.
Christoph Mussenbrock, Renat Khasanshyn, and Stephan Karpischek founded Etherisc in 2016, bringing their vision of a decentralized, transparent, and efficient insurance platform to life.
You can buy Etherisc DIP (DIP) on Uniswap V2 (Ethereum), Uniswap V3 (Base), Honeyswap cryptocurrency exchanges.
