/biz/ - Business & Finance

File: 652 KB, 3464x3464, 964C1B6E-1630-45C9-8FB8-7020412903A7.jpg [View same] [iqdb] [saucenao] [google]

$NXM killer - Open insurance platform - Big VC’s invested - Polkadot Grant Anonymous Wed Nov 11 08:13:25 2020 No.23858395 [Reply] [Original]

Nsure $NSURE

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 2.5m 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.

- 2m 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

Advanced search
Text to find
Subject [?]Search by post subject. Leave empty for any.
Username [?]Search for user name. Leave empty for any user name.
Tripcode [?]Search for tripcode. Leave empty for any.
Email [?]Search by email. Leave empty for any.
Filename [?]Search by image filename. Leave empty for any.
From Date [?]Enter what date to start searching from. Format is YYYY-MM-DD
To Date [?]Enter what date to start searching until. Format is YYYY-MM-DD
Image hash
Search in	All Posts OPs Only
Deleted posts	Show all posts Show only deleted posts Only show non-deleted posts
Internal posts	Show all posts Show only internal posts Show only archived posts
Order	New posts first Old posts first
Capcode	All Posts Only by Users Only by Mods Only by Admins Only by Developers
Results	Posts Threads
Action	[ Simple ]