inSure DeFi

What is inSure DeFi?

inSure DeFi aims to address the vulnerability of crypto portfolios to scams and unexpected losses by offering a comprehensive insurance solution. The project emphasizes transparency and simplicity in its various insurance plans. Their primary goal is to eliminate situations where investors suffer complete losses and protect individuals from both their own mistakes and fraudulent activities within the crypto space.

inSure DeFi seeks to provide stability to the crypto world and prevent investors and traders from facing significant portfolio devaluations. Additionally, the project is committed to helping as many people as possible by establishing a 24/7 support system to assist investors and traders in navigating unforeseen challenges.

inSure's Cryptocurrency Insurance

inSure's cryptocurrency insurance relies on three key components:

1. A Dynamic Pricing Model[2] that determines the optimal market price by considering supply and demand dynamics.
2. The Capital Model[3], ensuring the availability of the necessary capital to cover risks at all times.
3. The inSureDAO voting mechanism, which guarantees that every claim is addressed in a transparent and permissionless manner through community voting.

Capital Pool

The Capital Pool serves as a crucial component in supporting the platform's business development. Contributors to the pool receive inSure tokens as rewards. These tokens, obtained through staking on decentralized exchanges (DEXs), can be utilized in three ways: staking on projects to earn premiums, holding for ecosystem growth benefits and leverage, or selling in the market for profit.

The capital pool's support enables the platform to generate attractive profits for inSure token holders, leading to an increase in token price and attracting more capital. If the surplus pool fails to cover the Minimum Capital Requirement (MCR), withdrawal transactions are frozen until the MCR drops, potentially due to insurance plan expirations or new fund arrivals. In cases where the surplus pool cannot cover all claims, the capital pool is used to fulfill the remaining obligations, with the Capital Model monitoring systematic risk and ensuring an appealing risk-adjusted return for the capital pool.

inSure Reimbursement for Scams

Users experiencing crypto portfolio losses due to scams or other issues can seek reimbursement from inSure DeFi. To request assistance, they should create a ticket on Snapshot with details like the affected coin/token, wallet address, incident date, email/Telegram ID, and optional ownership proof. The community will have 3-4 business days to process requests, and after investigation, a summary of the insurance claim will be posted on Snapshot for inSure DAO approval. SURE token holders can participate in voting.

Partners and Intergrations

Binance Smart Chain, Coinbase, Crypto.com, Chainlink, CoinMarketCap, Moralis, PancakeSwap, OVR, Avalanche, Uniswap, Polygon...

Project Development

In the Contribution Phase (2019 Q1 - 2021 Q4), SURE tokens achieved 100% completion, making them more scarce. The community generated revenue, and decisions on fund usage for ecosystem improvement were community-driven.

Moving into the Metaverse Insurance phase (2021 Q1 - 2024 Q1), currently at 15% completion, inSure DeFi aims to expand coverage from potential hacks to the Metaverse space.

The Insurance Space Disruption phase (2023 Q1 - 2025 Q1) at 0% completion holds the potential to disrupt traditional insurance areas such as Auto, Life, Homeownership, Travel, Crop, Natural Disasters, and more.

Looking ahead to making a positive impact on the world (2025 Q1 - 0% complete), the inSure DeFi Community plans to use excess funds for altruistic purposes, aiming to contribute to making the world a better place collectively.

inSure DeFi Price Analysis

As of November 24 2024 inSure DeFi has a marketcap of $83M. This is {{percentagefromath}} from its all time high of $0.11397. In terms of its tokenomics, there's a total supply of 88B with 30% currently outstanding. Keep in mind inSure DeFi has a fully diluted value of $275M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

Summarized in part by ChatGPT 4 and Claude