Are you looking for an honest inSure Review? Search no more because, in this article, we will be reviewing inSure honestly, we will also explain how it works, its pros and cons, and everything you need to know about the platform.
InSure DeFi Network aims to provide stability to the crypto world, protecting investors from scams, stolen funds and drastic devaluations of crypto portfolios
How It works
Acquire SURE tokens
In order to insure your crypto portfolio, you simply need to purchase/acquire SURE tokens from available exchanges.
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Insurance will become effective after 7 days when SURE tokens are placed into your wallet.
Please refrain from storing your SURE tokens in online exchanges. In order to process the insurance claim, we will require you to sign the request with your wallet.
Stake SURE on Uniswap by Contributing to Liquidity Pool
If your portfolio was affected by scams, drastic devaluations, or stolen funds (exchange closure) we will be happy to reimburse your losses based on the plan chosen by you.
If you were unlucky and was affected by one of three reasons mentioned above, please create a ticket on Snapshot including:
Title: “[inSure DeFi] – [Insurance Claim] – [Coin/Token Name]”
1. Name of the crypto coin/token with the link to Coinmarketcap or Coingecko
2. Your Affected wallet address
3. Date of the incident
4. Your email and/or Telegram ID
5. Additional information to take into account
Please give us 3-4 business days to process your request (we will investigate the issue and provide the best available resolution)
Once the investigation is completed by the support team, the ticket with the summary of the Insurance Claim will be created on Snapshot with the link to the original request for the inSure DAO approval.
Anyone who holds SURE can vote on the insurance claim.
We will process your request with diligence and will initiate a transfer of SURE tokens in the amount of insured value based on the plan chosen by you.
We will be placing the BUY order of SURE tokens and will notify you that you can exchange SURE tokens to ETH or BTC.
You are not forced to sell your SURE tokens, instead, you can sell later to other investors who need insurance for their Crypto Portfolio.
Dynamic Premiums Pricing & Fast Transactions
Dynamic Pricing model is used to calculate the insurance premium (please see whitepaper for more information) inSure is running on Ethereum 2.0 Main Net. Currently, the average transaction time is close to 30 sec. When Ethereum 2.0 will be released we are expecting 2-3 sec per transaction.
NFT and Crypto Portfolio Insurances – Technical Capabilities
SURE token is supported by all the ERC20 wallets and can be exchanged/swapped on any major DEXs or CEXs. Please check the list on the page ‘Exchanges) SURE can be used to inSure the NFTs owned by the investor. inSure NFTs will be released in the nearest future.
Chainlink Integrated – Secure and Reliable
Immutable transactions and traceability provide the best security without compromising privacy. The reliable Chainlink’s historical data is used to calculate VIX and ATR volatility indexes per trading pair.
inSure DAO Voting & 24/7 Support
We are developing smart operations to enable a crypto-insurance system that provides support wherever and whenever you need it. Any SURE holder can join inSure DAO voting on the disputes and roadmap updates.
How to Buy the inSure Token
- Register on Coinbase
- Buy any major coin like Bitcoin, etc with your local currency
- Swap your BTC to inSure.
InSure Contact Information
Just in case you have any need to contact the InSure team, you can do that using the social media handle below.
InSure Review | Is inSure Legit or Safe?
At the time of writing this article, we can say that inSure is legit and safe to use.
However, it is important to note that cryptocurrency investment is a risky business, so we advise that you invest funds you can afford to lose.
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