Multi-chainInsurAce
ValidatedDeFi
Insurance
INSUR$0.01487-1.27% ↓
Leading Multi-Chain DeFi Insurance Cover.
- 366 Followers366 Followers
- 166 Likes166 Likes
About InsurAce
InsurAce is a leading decentralised insurance protocol, providing reliable, robust and secure insurance services to DeFi users, allowing them to secure their investment funds against various risks. Being the 1st in the industry to offer cross-chain portfolio-based covers, InsurAce enables users to get unbeatable low premium.
InsurAce is a decentralized insurance protocol designed to provide comprehensive risk protection services to DeFi users. Its mission is to enhance the safety and stability of the DeFi ecosystem by offering reliable, transparent, and cost-efficient insurance solutions. By leveraging blockchain technology, InsurAce aims to deliver decentralized coverage that mitigates risks associated with smart contracts, stablecoins, and other DeFi assets. The protocol prioritizes capital efficiency, user-centric design, and transparency, making it a significant player in the decentralized insurance space.
InsurAce Magic Store Validation Score
See Results ››Validation Score
4.8Validation Date: -
clarusYes
bazar111Yes
lucusYes
InsurAce Review Score by Real Users
- 44
- 12
- 3
- 0
- 0
InsurAce is an insurance project in Web3. It was created to reduce risks for users of DeFi protocols when these protocols increasingly encounter security issues causing loss of user assets. InsurAce has 4 main outstanding features: “0” Premium (insurance package purchase fee is almost 0); Enriched Product Line (diverse insurance products); SCR Mining (users can mine INSUR Token by locking crypto exchange funds into liquidity pools through the SCR Mining program); Sustainable Return (stable profit) Insurance in blockchain is a very potential area and can develop strongly in the future. Currently, there are very few insurance projects in the crypto market, this is an opportunity for InsurAce to seize to develop in this business segment with quite a few competitors.Read More ››
0 people found this review funny
InsurAce is a leading decentralised insurance protocol, providing reliable, robust and secure insurance services to DeFi users, allowing them to secure their investment funds against various risks. Being the 1st in the industry to offer cross-chain portfolio-based covers, InsurAce enables users to get unbeatable low premium.Read More ››
0 people found this review funny
This app really have great potential with creating such an insurance for our fund in cryptoverse. Even tough the risk is not annihilated entirely, but by using this app, we could minimize the potential riskRead More ››
0 people found this review funny
This is good feature in a risky world of dapps, to be insured your funds with InsurAce, it is easy to use and to understand. good job!Read More ››
0 people found this review funny
insurace is mostly used dapp for getting insurance in Decentralized finance . we can get insurance with low charges across various blockchainsRead More ››
0 people found this review funny
I suppose every crypto user should use insurance protocol like InsurAce because during last years in the crypto world were high amount of hacks of different apps. I'm very glad that helping with InsurAce our funds are really safu.Read More ››
0 people found this review funny
Joining the crypto currency space, you should not missed insurance platform. InsurAce is one of my favourite project with following experiences: 1. InsurAce is a great way to protect their DeFi assets from hacks, exploits, and other losses. 2. They have also praised the platform for being easy to use and affordable. 3. One of my friend had successfully filed claims with InsurAce and received payouts. 4. However the platform charge high gas fees and the claims process can be slow and complicated. So it is important to factor the above cons into the cost of insurance. If you are considering using InsurAce, I recommend reading the platform's terms and conditions carefully and doing your own research to make sure that it is the right fit for you.Read More ››
0 people found this review funny
The idea is great. I want to ensure my funds for many things like contract interactions, but the problem is that they offer different products for different problems. I would be happier if there is a product with overall insurance based on the percentage of funds maybe. But I understand that this is new teritory and it takes time to improve.Read More ››
0 people found this review funny
INSUR Token Price Chart (Real Time)
Token Statistics
- Market Cap$1,034,396.00
- Volume$64,283.00
- Circulating Supply69,568,678.422
- Max Supply100,000,000
- FDMC$1,486,871
About InsurAce Token
InsurAce's token, INSUR, is the native utility token of the InsurAce.io platform. The token serves multiple purposes within the ecosystem, providing a foundation for its decentralized insurance services. INSUR tokens are used for staking, which helps secure the network and offers incentives to participants who contribute to the platform’s security. Users can stake INSUR tokens to receive rewards and participate in the governance of the platform through voting on key proposals and changes. Additionally, the token can be used to pay for insurance premiums, further integrating its utility within the platform.
The tokenomics of INSUR are designed to ensure the sustainability and growth of the InsurAce ecosystem. A portion of the tokens is allocated for community rewards, development, and strategic partnerships, ensuring a well-rounded distribution that promotes long-term engagement and innovation. INSUR is listed on several major cryptocurrency exchanges, including Uniswap and SushiSwap, where it can be traded against other cryptocurrencies. This liquidity is essential for users who wish to buy, sell, or stake their tokens within the InsurAce platform.
Furthermore, INSUR tokens play a critical role in the platform's decentralized insurance model. By using INSUR for premium payments and staking, users can access a wide range of insurance products covering various risks in the DeFi space, such as smart contract failures, stablecoin depegging, and more. This integration enhances the platform’s functionality and ensures that users have a seamless experience when managing their insurance needs.
InsurAce Magic Store Trust Score
- Audit Score
- 0No. Of. Audits
- MediumScore
- Security Validators Score
- 03.08.2023Validation Date
InsurAce User Trust Reviews
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InsurAce FAQ
InsurAce employs a capital-efficient model by using a combination of risk pooling, reinsurance, and advanced risk assessment algorithms. This approach ensures that users receive maximum coverage at minimal costs, making insurance premiums more affordable without compromising on the quality of coverage.
InsurAce provides a range of insurance products, including smart contract covers, stablecoin de-pegging risk covers, and comprehensive DeFi asset protection. These offerings cater to the diverse risk protection needs of DeFi users, ensuring a broad spectrum of coverage options.
InsurAce leverages blockchain technology to maintain transparency in its insurance process. This includes clear documentation of policies, transparent claims processes, and verifiable payouts, all recorded on the blockchain to ensure accountability and trustworthiness.
Yes, InsurAce supports both fiat and cryptocurrency payments for purchasing insurance policies. This flexibility ensures that a wide range of users can easily access and purchase the coverage they need.
InsurAce operates across multiple blockchain networks, including Ethereum, Binance Smart Chain, and Polygon. This multi-chain support enhances the protocol's accessibility and security, allowing users to choose their preferred blockchain for purchasing and managing insurance policies.