Difference between revisions of "Nsure Network"

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Revision as of 08:56, 23 January 2022

 Basics

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

How it works

"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."

Fee Mechanism

Upgrades ====== Staking

Liquidity Mining

Scaling

Different Implementations

Interoperability

Other Details

Oracle Method

Privacy Method

Compliance

Their Other Projects

Roadmap

  • Can be found [Insert link here].

Usage

Projects that use or built on it

Competition

Coin Distribution

Pros and Cons

Pros

Cons

Team, Funding, Partnerships, etc.

Team

  • Full team can be found [here].
  • Alex Peng; co-founder
  • Alvaro Fernandez; Head of Strategy 

Funding

"Nsure raised a $1.4 million seed fund from Mechanism Capital, Caballeros Capital, 3Commas, AU21, Signal Ventures, and Genblock back in September 2020."

Partners 

(:

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