ADVERTISEMENT
  • About
  • Advertisement
  • Disclaimer
  • Term Of Use
  • DMCA
  • Privacy Policy
  • Cookies Policy
  • Submit Guest Post
  • Contact Us
Best Crypto Blog Website
  • HOME
  • COINS
    • ICO
    • AIRDROPS
  • MINING
  • TRADE
    • COINS
  • PR
  • NEWS
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • Crypto News
    • DEFI NEWS
    • Ethereum News
    • Government News
    • NFT NEWS
    • Ripple News
  • CASINO
  • MORE
    • WALLET
    • INVESTMENT
    • Affiliate Program
    • Buy Crypto
    • CLOUD MINING
    • DEFI
    • Exchange
    • Fintech
    • Forex
    • Lending
    • NFT
    • Web Hosting
Advertisement
No Result
View All Result
Wootfi Media
  • HOME
  • COINS
    • ICO
    • AIRDROPS
  • MINING
  • TRADE
    • COINS
  • PR
  • NEWS
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • Crypto News
    • DEFI NEWS
    • Ethereum News
    • Government News
    • NFT NEWS
    • Ripple News
  • CASINO
  • MORE
    • WALLET
    • INVESTMENT
    • Affiliate Program
    • Buy Crypto
    • CLOUD MINING
    • DEFI
    • Exchange
    • Fintech
    • Forex
    • Lending
    • NFT
    • Web Hosting
Advertisement
No Result
View All Result
Wootfi Media
No Result
View All Result
ADVERTISEMENT
Home COINS

What Is Polkainsure Finance (PIS)? Complete Guide Review About Polkainsure Finance.

Nile by Nile
15/05/2023
What Is Polkainsure Finance (PIS)?
Share on FacebookShare on Twitter

What Is Polkainsure Finance (PIS)?

The marketplace is run entirely by Defi users in the Polkadot Ecosystem, and users who join will get the PIS governance token. Any user can request insurance and anyone can provide coverage. Polkainsure Finance will be migrated to a polkadot parachain when the product development is finished. PIS token is currently issued on ethereum because there is high trading demand. Check your RoadMap for more. Claims are handled by smart contract code which ensures that payouts are instant and insurance contracts are fully collateralized.

The third-generation stablecoin tries to build original Polkainsure Finance of the cryptocurrency industry, represented by the elastic stablecoin AMPL and YAM. These stablecoins do not need to use collateral and are regulated mainly through algorithms. Through the test of the market, elastic stablecoin is insufficient in terms of price stability, and the rebase logic makes it difficult for the smart contract of elastic stablecoin to be combined with other DeFi protocols, which limits the development space of this kind of stablecoin.

Polkainsure Finance Storage Key Points

Coin BasicInformation
Coin NamePolkainsure Finance
Short NamePIS
Circulating SupplyN/A
Total Supply80,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Decentralized exchange

Many community members have been asking why Polkainsure Finance tokens issued on Ethereum. Here’s your answer.

  • At the moment, there is no decentralized exchange on Polkadot. However, the trading demand for the token was high, so they issue token on Ethereum and listed PIS on uniswap for ease of trading.
  • Polkainsure Finance are going to roll out Deflationary Farming in the next few days, which need uniswap-like decentralized exchanges, which are missing on Polkadot
  • Polkainsure Finance are developing PolkaInsure protocol and testing it on MoonBeam and they should finish.
  • They have your plan in Q2 2021 to migrate PIS from Ethereum to MoonBeam
  • Once migration completes, we start shield mining, which basically will act similar to the shield mining protocol of Cover Protocol, but all of your protocol will run on Polkadot Parachain that’s your current plan.

What do you need Polkadot?

  • Polkainsure Finance is a very fast evolving ecosystem. All parachains of Polkadot are seamlessly interoperable. That’s really great!
  • Most of existing coverage protocols run on Ethereum while a protocol was missing on Polkadot
  • Transactions fees on Ethereum are unacceptable
  • Polakdot Ecosystem and parachains are easy to customize
  • There is MoonBeam parachain that provide an EVM-compatible environment which allows to easily migrate your protocol from Ethereum to MoonBeam
  • Lots of potential DeFi projects have been developed on Polkadot and those need insurance for users that’s almost all of the reasons why choose Polkadot.

Building

Polkainsure Finance are envisioning for any DeFi-related assets. So in the first version when released, it will provide coverage for assets on the same parachain that PolkaInsure is deployed on – the MoonBeam. Over the time, they will test on assets that are transferred from other parachains to moonbeam. And also thinking of building a bridge between Ethereum and MoonBeam so that assets on Ethereum can get covered on PolkaInsure too.

Blockchain integration

Outside of the management team, the dev team currently has 4 people: 2 smart contract engineers and 2 web devs with experience in web3 and blockchain integration. Most of them have developed web apps, Dapps before even form a team Polkainsure Finance chief dev personally have around 3 years in Ethereum Dapp development and help quite some projects (sorry to keep them confidential) and smart contract security. He also worked quite alot of ethereum and Polkadot source code.

Tags: How To Buy Polkainsure Finance?Polkainsure Finance CoinsPolkainsure Finance Review
Nile

Nile

Nile Is Very Old Author At Wootfi Blog . We Loves To Write About Altcoin , ICO & Defi . In Free Time He Loves To Play Football .

Next Post
What Is Action Coin (ACTN)?

What Is Action Coin (ACTN)? Complete Guide Review About Action Coin.

LATEST .PRESS RELEASE

Symmetry Protocol releases Solana’s First Asset Management Infra

15/05/2023
Cozies Cover Photo 1665036049UVIHDBDA7i

Cozy Web3 Movement: Cozies announces minting of Cozies NFTs for October 10th

01/06/2023

LATEST NEWS

Join the Sports Tournament on 1xBit

Join the Sports Tournament on 1xBit: Any Ticket Can Turn Up 50 mBTC

01/06/2023
Save Easter Eggs with 1xBit and Win Crypto

Save Easter Eggs with 1xBit and Win Crypto

18/05/2023
Venezuelan authorities urged mining companies and cryptocurrency exchanges in the country to stop working

Venezuelan authorities urged mining companies and cryptocurrency exchanges in the country to stop working

24/04/2023
Ethereum price

Ethereum price back to critical support: ETH technical analysis

24/04/2023
Altcoin rising 55% by challenging the falling market

Altcoin rising 55% by challenging the falling market

22/04/2023
Ripple price lost critical $ 0.5 support: XRP's new target

Ripple price lost critical $ 0.5 support: XRP’s new target

22/04/2023
Wootfi Media

Welcome to Wootfi, your number one source for all things [Cryptocurrency]. We’re dedicated to giving you the very best of [Crypto Review], with a focus on [Blockchain Technology ], [Crypto News], [Investment Website].

Follow Us

Categories

  • Affiliate Program
  • AIRDROPS
  • Best Crypto Wallet
  • Bitcoin News
  • Blockchain News
  • Buy Crypto
  • Cardano News
  • CASINO REVIEW
  • CLOUD MINING
  • COINS
  • Crypto News
  • Crypto Press Release
  • DEFI
  • Earning Survey Sites
  • Education Platform
  • Ethereum News
  • Exchange
  • Features
  • Fintech
  • Forex
  • Format Folder
  • Government News
  • Guide
  • ICO
  • Investment
  • Lending
  • News
  • NFT NEWS
  • Press Release
  • Ripple News
  • Uncategorized
  • WALLET
  • Web Hosting
ADVERTISEMENT
  • About
  • Advertisement
  • Disclaimer
  • Term Of Use
  • DMCA
  • Privacy Policy
  • Cookies Policy
  • Submit Guest Post
  • Contact Us

© 2023 WOOTFI - Develop by WOOTFI.
All content on Wootfi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. For More Details Contact Us At - [email protected] .

No Result
View All Result
  • HOME
  • COINS
    • ICO
    • AIRDROPS
  • MINING
  • TRADE
    • COINS
  • PR
  • NEWS
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • Crypto News
    • DEFI NEWS
    • Ethereum News
    • Government News
    • NFT NEWS
    • Ripple News
  • CASINO
  • MORE
    • WALLET
    • INVESTMENT
    • Affiliate Program
    • Buy Crypto
    • CLOUD MINING
    • DEFI
    • Exchange
    • Fintech
    • Forex
    • Lending
    • NFT
    • Web Hosting

© 2023 WOOTFI - Develop by WOOTFI.
All content on Wootfi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. For More Details Contact Us At - [email protected] .