Buy InsurAce (INSUR)
What is InsurAce?
InsurAce (INSUR) is a decentralised insurance protocol designed to provide coverage for digital assets, particularly within the decentralised finance (DeFi) sector. It aims to mitigate risks such as smart contract vulnerabilities, hacks, and other potential threats, offering users a safety net for their cryptocurrency investments.
How does InsurAce work?
InsurAce operates as a multi-chain insurance platform, leveraging blockchain technology to ensure transparency and efficiency.
Key features include:
- Multi-chain coverage: Supports Ethereum and other EVM-compatible networks to offer comprehensive insurance services.
- Decentralised claims assessment: Utilises community-based governance for evaluating and approving claims.
- Portfolio-based insurance: Provides flexible and customisable coverage options based on users’ holdings.
- Risk assessment models: Ensures accurate pricing for insurance premiums by analysing potential risks.
Smart contracts handle policy issuance, claims processing, and protocol governance, ensuring a secure and decentralised approach to insurance.
What are the potential use cases for InsurAce?
Applications:
- DeFi protocol insurance: Protects users against losses from smart contract exploits in DeFi platforms.
- Cryptocurrency exchange coverage: Insures assets held on decentralised and centralised exchanges.
- Smart contract vulnerability protection: Covers risks from flaws in blockchain protocols.
- Stablecoin de-peg insurance: Safeguards against the loss of value in stablecoins due to market instability.
Industries:
- Decentralised Finance (DeFi)
- Cryptocurrency exchanges
- Blockchain development
- Risk management in the crypto space
What is the history of InsurAce?
Key Milestones:
- Successfully launched the InsurAce protocol.
- Expanded to support multiple blockchain networks for broader accessibility.
- Introduced a range of insurance products tailored to the needs of the DeFi ecosystem.
Market Presence:
InsurAce is committed to fostering trust and security within the DeFi space, providing users with affordable and accessible insurance solutions that encourage the growth of blockchain-based financial applications.
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Frequently Asked Questions (FAQs)
What is the current price of InsurAce (INSUR)?
The InsurAce price is $0.02027044 AUD, representing a -0.78% from the day prior.
Where is the best place to buy InsurAce (INSUR) in Australia?
The best place to buy InsurAce (INSUR) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell InsurAce (INSUR) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of InsurAce (INSUR)?
The trading volume of InsurAce (INSUR) is $93.2K AUD in the last 24hrs, representing a -0.78% from the day prior.
How can I buy InsurAce (INSUR)?
InsurAce (INSUR) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of InsurAce (INSUR)?
The current market cap of InsurAce (INSUR) is $1.4M AUD.
Can I convert InsurAce (INSUR) to cash?
Yes - With Coinstash you can convert your InsurAce (INSUR) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many InsurAce (INSUR) are there?
The current circulating supply of InsurAce (INSUR) is 69.9M.
Is Coinstash a safe place to buy InsurAce (INSUR) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling InsurAce (INSUR) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.