Difference between revisions of "Nsure Network"
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''"[https://nsure.network/#/home Nsure Network] is a decentralized insurance platform offering a marketplace to trade risk between individuals and entities wishing to outsource their risk exposure to those willing to underwrite them. It is modeled after the Lloyd’s of London marketplace, a global venue for trading risk. Nsure decentralizes and automates the process, allowing anyone to commit their capital and do their part in securing DeFi protocols. A dynamic pricing model determines premiums. Capital mining is implemented to ensure the capital required to back the risks at any point in time."'' | ''"[https://nsure.network/#/home Nsure Network] is a decentralized insurance platform offering a marketplace to trade risk between individuals and entities wishing to outsource their risk exposure to those willing to underwrite them. It is modeled after the Lloyd’s of London marketplace, a global venue for trading risk. Nsure decentralizes and automates the process, allowing anyone to commit their capital and do their part in securing DeFi protocols. A dynamic pricing model determines premiums. Capital mining is implemented to ensure the capital required to back the risks at any point in time."'' | ||
=== | === Fees === | ||
=== Upgrades ====== Staking === | === Upgrades === | ||
=== Staking === | |||
=== Liquidity Mining === | === Liquidity Mining === | ||
=== Scaling === | === Scaling === | ||
| Line 58: | Line 59: | ||
=== Other Details === | === Other Details === | ||
== Oracle Method == | == Oracle Method == | ||
== Their Other Projects == | == Their Other Projects == | ||
== Roadmap == | == Roadmap == | ||
| Line 67: | Line 66: | ||
=== Projects that use or built on it === | === Projects that use or built on it === | ||
== Competition == | == Competition == | ||
== Pros and Cons == | == Pros and Cons == | ||
=== Pros === | === Pros === | ||
=== Cons === | === Cons === | ||
== Team, Funding, | == Team, Funding, Partners == | ||
=== Team === | === Team === | ||
* Full team can be found [here]. | * Full team can be found [here]. | ||
| Line 94: | Line 92: | ||
[[ETH]] tip [[address]]: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31 | [[ETH]] tip [[address]]: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31 | ||
[[Category:Coins/Tokens]] | [[Category:Coins/Tokens]] | ||
Latest revision as of 01:48, 12 December 2022
Basics
- Based in:
- Started in / Announced on:
- It is deployed (3-2021): on Ethereum’s Kovan testnet.
- Mainnet release:
- Decentralized insurance
History
Audits & Exploits
- Bug bounty program can be found [insert here].
- From their FAQ (4-1-2021):
"The audit is currently being carried out by a 3rd party auditing firm."
Bugs/Exploits
Governance
Admin Keys
DAO
"NsureDAO governs key parameters of Nsure.Network, such as type of product issuance, community claim assessment and profit pool rewards. Additional governing parameters can be proposed by the DAO vote."
Treasury
Token
Launch
Token allocation
Utility
- From their FAQ (4-1-2021):
"Users who participates in the governance voting will be able to collect rewards from the protocol. Nsure will also be awarded to users who provide capital to the network. Part of the insurance premium is automatically into the profit pool when the insurance contract expires. Nsure holders can stake and vote in NsureDAO to distribute bonus issuance from the profit pool."
Token Details
Stablecoin
Coin Distribution
Technology
- Whitepaper can be found here (no date mentioned).
- Code can be viewed [insert here].
- Built on: Oasis Network (17-10-2020) and Ethereum (beta launch)
How it works
- From this insurance deep dive (3-2021):
"Nsure is a marketplace to trade risk. It relies on the staking of NSURE tokens to signal the riskiness of a protocol and uses it to price cover. Other than the staking component, the risk rating will contribute to the final cover price."
- From a blog (5-7-2021):
"Nsure Network is a decentralized insurance platform offering a marketplace to trade risk between individuals and entities wishing to outsource their risk exposure to those willing to underwrite them. It is modeled after the Lloyd’s of London marketplace, a global venue for trading risk. Nsure decentralizes and automates the process, allowing anyone to commit their capital and do their part in securing DeFi protocols. A dynamic pricing model determines premiums. Capital mining is implemented to ensure the capital required to back the risks at any point in time."
Fees
Upgrades
Staking
Liquidity Mining
Scaling
Different Implementations
Interoperability
Other Details
Oracle Method
Their Other Projects
Roadmap
- Can be found [Insert link here].
Usage
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding, Partners
Team
- Full team can be found [here].
- Alex Peng; co-founder
- Alvaro Fernandez; Head of Strategy
Funding
- From this insurance deep dive (3-2021):
"Nsure raised a $1.4 million seed fund from Mechanism Capital, Caballeros Capital, 3Commas, AU21, Signal Ventures, and Genblock back in September 2020."
Partners
- Has joined forces with the Oasis Protocol Foundation (17-10-2020).
- Partnered with Polkacover (5-7-2021).
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