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Description
The risk marketplace offers a unique opportunity to delegate the risks you wish to transfer while simultaneously earning rewards for taking on those you are willing to accept. You can contribute capital to support insurance risks within the capital pool or acquire insurance coverage to receive NSURE tokens. These tokens are generated and distributed automatically with each new block. Nsure.Network operates as an open-access platform that allows anyone interested in purchasing coverage to participate. Additionally, capital providers can leverage NSURE tokens to stake on specific insurance risks, earning daily premiums in return. There is also an option for leverage staking available for insurance products that are not correlated. The pricing mechanism is based on the real-time interplay of capital supply and demand for insurance coverage, ensuring that valid claims are honored while effectively managing systematic risk. This innovative approach to risk management promotes a healthier balance within the insurance market.
Description
A peer-to-peer insurance marketplace operating within the Polkadot ecosystem is being established, fully managed by DeFi participants. Users who become part of this marketplace will receive the PIS governance token, which serves as a key element of the platform's functionality. In this innovative model, any individual can request insurance while anyone else is free to offer coverage options. The plan is to transition Polkainsure to a dedicated Polkadot parachain upon the completion of product development. Currently, the PIS token is issued on Ethereum to accommodate significant trading interest. Users will be able to obtain coverage through PolkaInsure without undergoing KYC procedures, enhancing accessibility. All smart contracts associated with PolkaInsure will undergo thorough audits and will be deployed and verified on the Polkadot blockchain to ensure reliability. The claims process is governed by smart contract code, allowing for instantaneous payouts and guaranteeing that all insurance contracts are fully collateralized. The system will feature seamless integrations for assets such as DOT and ERC-20 tokens, alongside vital infrastructure services like Chainlink and TheGraph. Recently, we launched our products on the Moonbeam testnet, which serves as the smart contract parachain within the Polkadot Network, marking a significant milestone as we embark on Shield Mining in the Polkadot ecosystem. This initiative is poised to transform how insurance operates in the decentralized finance space.
API Access
Has API
No
API Access
Has API
No
Integrations
Ethereum
Yes
MetaMask
Yes
WalletConnect
Yes
Chainlink
No
Polkadot
No
Telegram
No
Integrations
Ethereum
Yes
MetaMask
Yes
WalletConnect
Yes
Chainlink
Yes
Polkadot
Yes
Telegram
Yes
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
Yes
iPad App
Yes
Android App
Yes
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Vendor Details
Company Name
Nsure Network
Founded
2020
Country
Singapore
Website
nsure.network/
Vendor Details
Company Name
PolkaInsure
Founded
2020
Website
polkainsure.finance/
