Important Notice
Deposits and withdrawals are not currently available for this coin.
Nsure Network is an open insurance platform designed for Open Finance. It draws inspiration from Lloyd's London, functioning as a marketplace where insurance risks can be traded.
Nsure Network operates on the Ethereum blockchain, using smart contracts to manage insurance processes. The platform employs a dynamic pricing model based on supply and demand to set insurance premiums, and it incorporates capital mining to secure the necessary capital for risk backing. Additionally, it uses a 3-phase crowd voting mechanism to handle claims and ensure that decisions are made transparently.
Nsure Network can be used as a decentralized insurance marketplace allowing peer-to-peer insurance transactions, which enhances transparency and reduces costs by removing intermediaries. Smart contracts automate claim processing and payout mechanisms, ensuring efficient and secure transactions.
Nsure Network was founded by a team including Jeff Ren, Alex Peng, and other experienced professionals from the insurance and finance sectors. The platform is inspired by the marketplace model of Lloyd's London and aims to decentralize the insurance industry. Nsure Network has a native token, NSURE, and has formed partnerships with various capital partners to enhance its market presence and credibility.