From May 1st, we officially list InsurAce Token (INSUR) on the ONUS application. Soon after INSUR is added, users can perform the following features:
- Off-chain transactions: Send and receive INSUR with other users in the ONUS network.
- Exchange: Swap from VNDC or USDT to INSUR and vice versa.
InsurAce is a decentralized protocol that aims to offer reliable insurance services. The protocol provides decentralized finance (DeFi) assets with flexible and reliable coverage. The claimed benefits for users include low insurance premiums, high return on investment, cross-chain coverage and wallet availability. InsurAce is both a DeFi and an insurance protocol. Thus, it has two platforms: insurance and investment.
Funds obtained from the insurance platform can be transferred to investment for better returns, while also helping to protect the capital from the investment. The profit earned from the investment will be transferred back to the insurance platform to support additional premiums for customers, thereby reducing insurance costs. This 2-way operating model brings sustainability to the InsurAce project’s development.
4 Unique Selling Propositions of InsurAce:
- “0” Premium: InsureAce developed unique pricing models to optimize the cover cost, leveraging our advisors’ expertise in the insurance domain. Furthermore, the investment utilities complement the cover cost to offer ultra-low premiums, which are close to zero at their best.
- Enriched Product Line: InsurAce.io offers a unique portfolio-based insurance product to enable coverage of a basket of DeFi protocols, which creates a diversified risk management tool for DeFi investors.
- SCR Mining: InsurAce.io features a distinctive SCR mining program. The participants earn INSUR tokens by staking into the mining pool.
- Sustainable Returns: With InsurAce.io, customers will be able to gain returns in many ways, including investing directly in the investment products per their risk appetite, staking in the mutual pool to get the investment carries and INSUR tokens as rewards, and enjoying shares of the premium income.
What is INSUR Token?
INSUR is a native token of the InsurAce ecosystem, operating on Ethereum according to ERC20 standard, and can be used for the following purposes:
- Voting rights in the InsurAce ecosystem
- Rewards for mining participants in SCR Mining
- Community and ecosystem incentives
- Provide liquidity to insurance pools and invest in project products
- Name: InsurAce Token
- Symbol: INSUR
- Platform: Ethereum
- Standard: ERC20
- Type: Governance Token
- Smart Contract Address: 0x544c42fbb96b39b21df61cf322b5edc285ee7429