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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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23927024 No.23927024 [Reply] [Original]

The Crypto Insurance industry is going to be a trillion dollar industry and there are currently only two projects out.
$NSURE which launched 2 weeks ago and $NXM.

The direct competitor of Nsure, $NXM had at ATH a 600m cap. Atm Nsure is only a 3m cap.

With Nsure’s new innovative model its likely going to be bigger than $NXM.

- What is Nsure?

Nsure is an open insurance platform for Open Finance. The project borrows the idea of Lloyd’s London, a market place to trade insurance risks, where premiums are determined by a Dynamic Pricing Model. Capital mining will be implemented to secure capital required to back the risks at any point of time. A 3-phase crowd voting mechanism is used to ensure every claim is handled professionally.

- 3m cap

- Big VC’s invested

- Recently got a W3F foundation grant (going to be integrated by Polkadot)

- To be integrated into multiple platforms

- Launching staking soon

If you stake your Nsure as an underwriter, you get 50% of every premium paid for coverage in that pool.

- Nsure burning mechanism

If a product goes through a successful claim, 50% of the tokens deposited in that specific product by underwriters are burnt.

- Listed on Uniswap, Bixmax, Gateio, likely to get listed on Huobi (Huobi is following Nsure) or Binance

- 0 Inflation for the next 3 months

- Only competitor is $NXM in a future trillion dollar industry

Website:https://h5.nsure.network/#/

Coingecko:
https://www.coingecko.com/en/coins/nsure-network

Volume increased 2.5x since yesterday.

Look into it frens. Created a thread yesterday also since project seems to be quite under the radar.

>> No.23927052
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23927052

>>23927024

https://nsure-network.medium.com/nsure-announcement-introducing-nsure-underwriter-program-4495f6a856ae

>The APY varies accordingly. The average annual yield at a 10% staked/circulating supply ratio is about 371% APY while in contrast, in case of 50% staked/circulating supply ratio, the average annual yield would be estimated at 74% APY.

>> No.23927155

>>23927024
>- 0 Inflation for the next 3 months
And after 3 months what is the inflation pls?

>> No.23927748

Asian hustle scam. Team and VCs will dump when thye get tokens released just before mainnet

>> No.23927854

>>23927748
haha the state of biz
do u even know what this means?
>W3F foundation grant (going to be integrated by Polkadot)

pack it up OP, biz will catch up once they miss the pump

>> No.23927875

>>23927155
As for inflation rate of mining.

>As per Mainnet launch, mining inflation will represent 2NSURE/Block. 55% of the supply dedicated for mining will take over 14 years to be fully mined.

>>23927854
Pretty much this.

>> No.23928049

>>23927024
Im actually to comfy

>> No.23928461

>>23928049
Same fren

>> No.23928775

>>23927854
They pumped and dump the first release and will for sure do it on the 2nd release

>> No.23928948
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23928948

>>23928775
Shoo shoo ranjeet. Project seems pretty legit to me, it's actually a real gem at this point with huge potential. The web3 grant is interesting, I'm bullish on a few more polkadot projects, this included.

>> No.23929316

>>23927024
>>23927039
>>23927039
>>23927039

How do you not know?

>> No.23929489

>>23929316
Keep that shit out of this thread, have fun with your 100m+ MC at launch. And that's not even taking to account how the bots will rape your ass.

Also $0.035 for private investors and $0.50 to the public? gtfo.

>> No.23930003
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23930003

Bump

>> No.23930566

>>23930003
Looks like noone is interested, usually a good sign on here. One last bump for you OP

>> No.23930593

>>23927024
who cares about NSURE, its just a shitty version of NXM

>squirrel.finance
onchain defi insurance, with auto payout.. no bullshit. (and actually live now)

>> No.23930650
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23930650

>>23927024
$dip is ten times better than nsure. They are approved by sirgay and just got a grant from chainlink.

>> No.23930695

>>23930593
>>23930650
seeth harder, literal shit projects. This is a gem.

>> No.23930742

>>23930695
>gem
Guess how i know youre a thirdworld poorfag?
>>23930650
This anon is right, buy the $dip or get left behind

>> No.23930749
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23930749

>>23930695
dont say i didnt warn you

>> No.23930767
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23930767

Do you know any good defi?

Recently found DMX token on Probit, team made a referral program there. This platform has a useful staking model with dynamic liquidity. And they {reached|raised|collected|scored| 1mln during private sale : dymmax.com

>> No.23930904

>tldr

https://www.youtube.com/watch?v=waC69xcF5n0

>> No.23931343

nsure is undervalued!

>> No.23931977
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23931977

Unn.finance

That's the insurance backed project you want to be looking at.

>> No.23933043

Easy on the pump and dumps

>> No.23933052

>Coca Cola make cola and they're a billion dollar company, but Fat Retard cola are a new startup and they have a $1000 market cap. If Fat Retard cola gets to the same MC as Coca Cola that's a 1,000,000x!

>> No.23933164

Stop it, you guys already pumped it and are going to dump on these dumbfounded newfags. Fucking Jews

>> No.23933769

>>23927024
>Crypto Insurance
>Dynamic Pricing Model
Brainlet here.. how does it work?

>> No.23933829

>>23927024
Whats the suicide stack for eony