SURE

inSure DeFiSURE

Rank #374
Token
On 5,596 watchlists

inSure DeFi Price (SURE)

$0.006226
30.71%

0.0000001252 BTC23.79%

0.000002686 ETH22.84%

Low:$0.005751
High:$0.00917
24h
SURE  inSure DeFi SUREPrice: $0.006226 30.71%
Market Cap
$96,490,720
30.71%
Fully Diluted Market Cap
$547,844,834
30.71%
Volume
24h
$964,630
28.48%
Volume / Market Cap
0.009997
Circulating Supply
15,499,248,766 SURE
18%
Max Supply
88,000,000,000
Total Supply
88,000,000,000

inSure DeFi Chart

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SURE Price Live Data

The live inSure DeFi price today is $0.006226 USD with a 24-hour trading volume of $964,630 USD. inSure DeFi is down 30.71% in the last 24 hours. The current CoinMarketCap ranking is #374, with a live market cap of $96,490,720 USD. It has a circulating supply of 15,499,248,766 SURE coins and a max. supply of 88,000,000,000 SURE coins.

The top exchanges for trading in inSure DeFi are currently Coinsbit, PancakeSwap, Uniswap (V2), VinDAX, and STEX. You can find others listed on our crypto exchanges page.

inSure DeFi is a community-based crypto asset insurance ecosystem, where users can insure their crypto-portfolio by buying SURE tokens with fiat and other cryptocurrencies. inSure is designed to distribute crypto ownership risks amongst a liquidity pool, with insurance premiums determined by a Dynamic Pricing Model that leverages Chainlink. Capital required to back the risks at any point in time is based on the market pricing of SURE tokens, as well as community demand for insurance of crypto portfolios. A decentralized support system called the inSure DAO is also used to diligently process all the insurance claims, wherein voters make sure that any fraudulent claims are flagged and only valid claims are fulfilled.

inSure DeFi is a Decentralized Insurance Ecosystem, trusted by thousands of community members to protect their crypto portfolios from scams, exchange closures, and drastic devaluations. inSure DeFi provides insurance solutions for the crypto space to stabilize and secure Crypto & DeFi portfolios.

Competitive Advantage of inSure

A key factor in making a good insurance platform is the health of financial information, such as the usage of funds and whether there are sufficient premium floats to pay potential claims. Since the blockchain is a distributed ledger, each node has the same copy of the data. When the data changes, every insured person can see the synchronized and updated data, making the operation of each fund open and transparent. Therefore, there will be a dedicated module on the homepage of the website to disclose relevant information, and provide an accurate real-time financial status every quarter such as risk factors, minimum capital requirements, historical data on token prices, a summary of claims assessment, and the number of locked and traded tokens.

Economic Model - How it works

        

inSure’s Crypto insurance is based on:

I. Dynamic Pricing Model, to find the right market price via supply and demand;

II. Capital Model, to secure the capital required to back the risks at any points of time;

III. inSure DAO voting mechanism, to make sure every claim is handled in a permissionless and transparent manner.

Capital Model

                         

Insurance is a highly leveraged industry; therefore, the primary concern of the insurance capital model is to calculate the capital required to guarantee the solvency of the risk pool to some arbitrary and high confidence level like 99.9% in the latest EIOPA’s Solvency II framework.

The Capital Model is used to calculate the minimum capital the fund needs to hold, which is used to determine:

I. The capital locked in the Capital Pool

II. The staking power used in the Staking stage.

Surplus Pool

The surplus pool will accrue whenever an insurance premium is paid. 40% of the premium will be added into the surplus pool. Another 10% will be reserved till the expiration of the contract. If there is no claim, it will add into the surplus pool. The surplus pool will grow over time and will be utilized to cover insurance claims first. When the surplus pool cannot cover all the claims, the capital pool will be used to pay the rest. When the surplus pool grows large enough, the SURE holders will receive % from the staked SURE to better incentivise the increase of the inSure Staked Pool.

inSure holders can stake on different DEXs and earn % from each trade in addition to the insurance that inSure plans provide.

For the first phase, we will focus on the risk against scams, devaluations and stolen funds. The more less-correlated business will be introduced to deliver higher returns to token holders at the community’s vote.

Governed by Community

Under normal circumstances, all operations on inSure can be completed by smart contracts. But in reality, in order to take into account the interests of users, better achieve decentralization effects, and ensure the process to be more transparent, decisions of certain events will require the community to vote. Therefore, the platform will set up an inSure DAO organization to facilitate such decisions and manage extreme situations. It should be noted that inSure DAO does not have the custody of the fund pool, nor can it release funds to any specific person. Each committee member may be replaced by voting at any time.

inSure DAO will work in accordance with the two core principles of sustainability (that ensures the interests of community members by ensuring the sustainability of the overall funding pool) and growth (promoting sustainable premium increases and inSure DAO membership growth). The members of the inSure DAO organization include several people with specific expertise in insurance, co-governance, and blockchain development. Some powers that committee members have are:

I. Reaching consensus to implement specific code that cannot be automatically deployed;

II. Punishing bad actors within the inSure ecosystem (such as malicious claims, false claims, etc.) by burning SURE tokens.

III. The power to implement emergency suspension under special circumstances.

inSure DAO members can negotiate and propose relevant proposals to the benefit of the inSure ecosystem. The voting proposals must include clear voting options and inSure DAO's recommendations. Then each community member is given a period of time to vote, and the result with a majority decision will be implemented. Any inSure holder can become a member of inSure DAO.

Future Integration for Automated Claim Processing of Stolen Funds and Scam Events using Google Cloud Platform (AutoML & Cloud Inference)

In addition to using Chainlink’s Historical Price Data, inSure DeFI is working on a hybrid on-chain/off-chain application combining Chainlink and Google Cloud AI. This allows inSure to process on-chain data related to insurable events (i.e.; stolen funds and scams) using Google AutoML, and then relay its outputs on-chain using Chainlink.

Chainlink’s ability to connect with any external API allows GET calls to retrieve the data/results from processing and deliver them directly to smart contracts. inSure DeFi will use this unique Chainlink feature to leverage Google Cloud Platform’s ML services (such as AutoML and Cloud Inference API) for processing publicly available information and data on the blockchain while feeding those decisions to the smart-contract via Chainlink oracles to trigger an automated fulfillment of insurance claims.

After reviewing various oracle solutions, we elected to use Chainlink because of its time-tested security and flexibility to call any off-chain API. As the most widely-used oracle solution in the blockchain industry, Chainlink already secures over $10 billion dollars in on-chain value across DeFi, including leading projects like Aave, Synthetix, and more. Its network is backed by a large collection of secure node operators run by leading blockchain DevOps, which are aggregated into decentralized oracle networks to provide highly available, accurate, and tamperproof data feeds. Additionally, the historical price data being used by inSure consists of volume-adjusted global prices, aggregated from across all relevant CEXs and DEXs to ensure a high level of accuracy.

By combining its high-quality data and ability to connect to Big Data warehouses off-chain, inSure can build more robust and refined insurance products that cover various crypto portfolio risks.

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SURE

inSure DeFi

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USD

United States Dollar

SURE Price Statistics

inSure DeFi Price Today
inSure DeFi Price$0.006226
Price Change24h$-0.00276
30.71%
24h Low / 24h High
$0.005751 /
$0.00917
Trading Volume24h$964,629.59
28.48%
Volume / Market Cap0.009997
Market Dominance0.01%
Market Rank#374
inSure DeFi Market Cap
Market Cap$96,490,720.13
30.71%
Fully Diluted Market Cap$547,844,834.27
30.71%
inSure DeFi Price Yesterday
Yesterday's Low / High
$0.006352 /
$0.00917
Yesterday's Open / Close
$0.008172 /
$0.008292
Yesterday's Change

1.47%

Yesterday's Volume$1,269,408.78
inSure DeFi Price History
7d Low / 7d High
$0.005751 /
$0.01002
30d Low / 30d High
$0.004736 /
$0.01002
90d Low / 90d High
$0.001682 /
$0.0113
52 Week Low / 52 Week High
$0.0004982 /
$0.05893
All Time High
Jan 10, 2020 (a year ago)
$0.1063
94.14%
All Time Low
Jan 12, 2021 (3 months ago)
$0.0004982
1149.48%
inSure DeFi ROI

149.02%

inSure DeFi Supply
Circulating Supply15,499,248,766 SURE
Total Supply88,000,000,000 SURE
Max Supply88,000,000,000 SURE