InsurAce INSUR Price

What is InsurAce (INSUR)?

InsurAce (INSUR): Revolutionizing DeFi Insurance with Innovation and Sustainability

Introduction: In the dynamic realm of decentralized finance (DeFi), safeguarding digital assets is paramount. InsurAce (INSUR) emerges as a trailblazing decentralized protocol committed to providing reliable and secure insurance services. Launched in October 2020, InsurAce.io, spearheaded by founder and CEO Oliver Xie, has garnered substantial support, raising $4 million in backing from prominent funds.

Core Features: InsurAce operates on a dual-platform model, seamlessly integrating insurance and investment arms to deliver stable profits to insured parties, insurers, and investors alike. The platform boasts a unique concept of "zero-premium insurance," offering ultra-low premiums close to zero through portfolio-based product design and a distinctive pricing model. Notably, users can maintain anonymity, sidestepping the need for a KYC process.

Risk Coverage and Rewards: InsurAce provides coverage against an array of risks, including smart contract vulnerabilities, custodian risks, and stablecoin depeg risks. Users participating in underwriting risks are rewarded with $INSUR tokens, fostering community engagement. The protocol's cross-chain coverage extends its reach beyond Ethereum, ensuring a comprehensive risk management tool for DeFi investors.

SCR Mining and Sustainable Returns: The protocol introduces a groundbreaking SCR mining program, allowing participants to earn $INSUR tokens by staking underwriting capital. This capital is managed through rigorous risk control models, ensuring sustainable returns. InsurAce.io pioneers a multi-faceted approach to investment returns, enabling underwriters to benefit from various avenues, including direct investments, staking in the mining pool, and returns from cover payments.

Enriched Product Line and "0" Cover Payment: InsurAce.io stands out with its portfolio-based approach, covering a basket of DeFi protocols and offering a diversified risk management tool. The platform's unique pricing models optimize cover costs, making "0" cover payments a reality. The enriched product line extends beyond Ethereum, supporting protocols on various blockchains, providing users with seamless and permissionless access.

Continuous Evolution and Governance: InsurAce.io remains committed to continuous improvement, focusing on fair claim quantification, cover extensions, collaborations with other DeFi protocols, and expanding its product line to better cover risks present in the evolving DeFi landscape. A robust governance structure ensures efficient product development, claim assessments, community engagement, and token distribution.

InsurAce (INSUR) emerges as a game-changer in the DeFi insurance space, offering a comprehensive and sustainable solution. With a visionary approach, innovative features like SCR mining, and a commitment to continuous evolution, InsurAce.io stands at the forefront of empowering the DeFi community with reliable risk protection. As the decentralized finance ecosystem continues to thrive, InsurAce remains a vital player, reshaping the landscape with its unique blend of insurance and investment prowess.

What is unique about InsurAce (INSUR)?

InsurAce stands out for its innovative dual-platform model, seamlessly integrating decentralized insurance and investment arms to offer users "zero-premium insurance" with ultra-low premiums, cross-chain coverage, and sustainable returns through portfolio-based products.

Who are the founders of InsurAce (INSUR)?

InsurAce is founded by Oliver Xie, a programmer and cryptocurrency enthusiast who previously served as the CTO, head of digital assets, and founding member of the Asia Pacific Exchange (APEX). The key team members include tech lead Sum Wei and product lead Leo FIA.

Who are the backers/investors of InsurAce (INSUR)?

InsurAce has received backing from prominent funds such as DeFiance Capital, ParaFi Capital, Huobi DeFi Labs, Hashed, Signum Capital, and LuneX Ventures, showcasing the project's credibility and support from the blockchain community.

Where can I buy InsurAce (INSUR)?

You can buy InsurAce (INSUR) on PancakeSwap (v2) cryptocurrency exchanges.