/
Nsure Network is a DeFi-based open insurance platform on Ethereum, using a Lloyd's of London model for dynamic pricing and covering risks like smart contract flaws and hacks.
Nsure Network is an open insurance platform designed for the DeFi sector, operating on the Ethereum blockchain. Inspired by the Lloyd’s of London, it facilitates a dynamic pricing mechanism for insurance premiums through a risk assessment algorithm, adjusting in response to market supply and demand. The platform offers coverage against risks like smart contract vulnerabilities and exchange hacks, addressing a significant barrier to mainstream DeFi adoption. It features decentralized governance, involving NSURE token holders in decision-making for claims approval, underwriting guidelines, and electing assessors. Tokens also incentivize participants to provide security and claim assessments. Users can trade insurance risks by contributing capital to a shared pool in exchange for NSURE tokens, which also play a role in governance and staking. Currently, the platform has a total supply of 45 million NSURE tokens, with over 5.6 million in circulation. It operates on 19 markets with significant trading volumes.
Nsure Network is an open insurance platform designed for the DeFi sector, operating on the Ethereum blockchain. Inspired by the Lloyd’s of London, it facilitates a dynamic pricing mechanism for insurance premiums through a risk assessment algorithm, adjusting in response to market supply and demand. The platform offers coverage against risks like smart contract vulnerabilities and exchange hacks, addressing a significant barrier to mainstream DeFi adoption. It features decentralized governance, involving NSURE token holders in decision-making for claims approval, underwriting guidelines, and electing assessors. Tokens also incentivize participants to provide security and claim assessments. Users can trade insurance risks by contributing capital to a shared pool in exchange for NSURE tokens, which also play a role in governance and staking. Currently, the platform has a total supply of 45 million NSURE tokens, with over 5.6 million in circulation. It operates on 19 markets with significant trading volumes.
Nsure Network aims to offer an open insurance platform for the DeFi sector, addressing risks inherent in decentralized finance by providing insurance coverage for vulnerabilities like smart contract breaches and exchange hacks. It aims to make DeFi more secure and appealing for mainstream adoption by leveraging blockchain transparency.
Nsure Network uses a Dynamic Pricing Model, similar to Lloyd's of London, where insurance premiums adjust based on a risk assessment algorithm driven by capital supply and insurance coverage demand. This model ensures premiums remain aligned with market conditions, stabilizing price fluctuations
NSURE token holders participate in governance, contributing to decision-making on key platform operations like approving claims and setting underwriting guidelines. Additionally, they can stake tokens on insurance risks to earn premiums, incentivizing their participation within the ecosystem.
Unlike traditional insurance, Nsure Network operates on the Ethereum blockchain, utilizing decentralized governance and dynamic pricing for premium calculation. This setup allows for transparency, efficiency, and a real-time adjustment of prices, mitigating many inefficiencies present in conventional systems.
Nsure Network provides crucial insurance services tailored for the DeFi industry, addressing significant risks like smart contract vulnerabilities that hinder mainstream adoption. By offering a decentralized and transparent insurance solution, it reduces risk, fostering confidence and growth in the DeFi space.
If you face issues with claiming insurance on Nsure Network, engage in the decentralized decision-making process via NSURE tokens. This participation helps address claim assessments. Additionally, exploring community forums and official resources may offer guidance on troubleshooting claim-related challenges.
inSure DeFi provides decentralized insurance for cryptocurrencies, utilizing the power of smart contracts on the Ethereum platform with its SURE tokens.
Decentralized insurance leveraging NXM for smart contract risks and DeFi security.
Asure Network is a scalable blockchain for decentralized social security, offering transparency and fairness with a PoS mechanism, focused on dApps for pensions, health, and more.
Nayms is a blockchain-based digital insurance marketplace leveraging Ethereum smart contracts for trading and managing insurance contracts, focusing on the crypto industry.
Ensuro decentralizes insurance capital with smart contracts, allowing investments in insurance risks to democratize and innovate the market.
Nexus Mutual, leveraging Ethereum, offers decentralized insurance against smart contract failures and exchange hacks, with a transparent claims process, powered by NXM tokens for governance and risk sharing.
Bitsure leverages blockchain for innovative insurance services, using smart contracts for transparency, efficiency, and reduced costs, aiming to simplify and trust-enhance the insurance process within the web3 ecosystem.
insureDAO is a decentralized insurance platform on Ethereum, offering a permissionless framework for insurance markets, facilitating anyone to become an insurer or insured, with automated claims via smart contracts.
Insureum revolutionizes insurance via blockchain, connecting insurers, holders & developers with ISR tokens, facilitating data sharing & innovation.
Black Insure offers decentralized insurance on Ethereum, covering digital asset risks like smart contract failures, to enhance trust in the web3 economy.
DeFinsur combines DeFi and insurance on blockchain to mitigate DeFi risks with smart insurance contracts for transparent, fair claims, reducing fraud in digital asset management.
InsurAce is a DeFi insurance protocol providing security against diverse risks in the crypto space, with multi-chain coverage for DeFi projects and assets, offering competitive premiums and returns.
