InsuranceFi have spent the last several months carefully examining hundreds of Defi projects to determine the reasons why they succeed and fail, and they have arrived at a straightforward conclusion. They need to build a protocol with attractive enough returns while giving investors a sense of security and confidence while investing, giving your investors a chance to win no matter how the market evolves. Borrowing ideas from real-life insurance companies, the name & concept of InsuranceFi was born as a combination of insurance and finance. InsuranceFi provides users with a decentralized sustainable staking platform with financial instruments to protect their investments through the use of InsuranceFi Protocol (IFP for short).
Everyone gains financially during a bull market, but as you are aware, it might stop at any time. In a bear market, making money is good, but better keep it safe. InsuranceFi saves your fund and gives you passive income. When you stake IF tokens to profit from the BUSD vault, there is a risk that the price of IF tokens will decrease causing your investment to decrease in value. The insurance contract will help you cover this reduced value, thereby helping you to limit your losses and be more secure when participating in the BUSD staking vault. Then you can receive passive income sustainable by BUSD and rest assured to do other things when your deposit has been supported by the insurance contract to prevent risks.
InsuranceFi Basic Points Table
|Circulating Supply||21,000.00 IF|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Who Are The Founders of InsuranceFi
How Does The Staking & Insurance Protocol Work?
The Buy-Sign-Earn function, a straightforward yet innovative element of the IFP, offers $IF holders an automatic daily income with the peace of mind that their investment is protected by the protocol. Buy $IF Tokens, put it in InsuranceFi Vault, sign the insurance contract, sit back, relax and enjoy daily interest. All risks with your investment are now protected by the insurance contract with the protocol. Investors can purchase the Insurance Contract or not.
How does it work?
When you choose staking, you will choose the lock time to deposit the $IF token. Each different lock period will have a different corresponding APR, and you can choose to sign or not to sign an insurance contract. Cost of the Insurance Contract will be started from 10% of the total IF staking amount and increase if the lock time is longer. Please note that Insurance Contract cost can be changed from time to time based on the calculation of the protocol.
The fee of the insurance package will be collected in IF tokens. After participating in the protocol, you will receive daily BUSD income. There will be a fixed price when you start staking, called the deposit price, which will be calculated on the IF/BNB pair. Suppose after the due date withdraw the staking package and the IF/BNB price is decreased by 10% then the protocol calculates the corresponding loss of the token to be 10% and compensates 110% of the IF token amount.
Why Choose InsuranceFi
The insurance fund is used to compensate for the losses of investors who deposit into the InsuranceFi Vault. The fund not only receives from the fee of the insurance plan, but is also filled by a variety of sources, to ensure that the fund is sufficient to compensate investors. The insurance contract fee is the cost of buying an insurance plan (a.k.a sign insurance contract) when an investor participates in staking in the InsuranceFi Vault, the initial cost is set at 10% of the total IF amount deposited and may change depending on the time and according to the protocol’s calculation.
Where Can You Buy InsuranceFi (IF)?
InsuranceFi Tokens Can Be Purchased On Most Exchanges. One Choice To Trade Is On PancakeSwap (V2), As It Has The Highest WBNB/IF.e Trading Volume, $8,947 As Of February 2021. Next is OKEx, With A Trading Volume Of $6,180,82. Other option To Trade Include WBNB/IF And Huobi Global. Of Course, It Is Important To Note That Investing In Cryptocurrency Comes With A Risk, Just Like Any Other Investment Opportunity.
InsuranceFi Supported Wallet
Several Browser And Mobile App Based Wallets Support InsuranceFi. Here Is Example Of Wallet Which Support InsuranceFi – Trust Wallet For Hardware Ledger Nano.
FAQ Of World Bet Club
Where I Can Find World Bet Club Whitepaper?
You Can Find World Bet Club Whitepaper By Clicking Here.
Where I Can Buy/Sell Balancer Token?
You Can Buy or Sell Balancer Token On Some Popular Exchange For Example – PancakeSwap (V2).
What is Circulating Supply Of Balancer Token?
Circulating Supply Of Balancer Token Is 21,000.00 IF.