SafeInsure || Decentralized Insurance for the Blockchain Era

hridoy1111 (25)in #crypto • 6 years ago

Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
Safeinsure is a decentralized insurance marketplace bringing equitable price discovery and global access to insurance policy shoppers worldwide. SafeInsure puts consumer power back in your hands with an honest, accountable, and democratic insurance marketplace on the blockchain.

The SafeInsure marketplace has a native currency, the SafeInsure coin (SINS). All transactions made between insurance policy providers and consumers will require SINS. Additionally, insurance-related products and the insurance pools will require SINS. In effect, the only currency accepted within the SafeInsure ecosystem is SINS.

Coin Specifications :

Algorithm - Quark
Max coin supply - 21,000,000 SINS
Block generation - 60 seconds

Apart from being used as the primary currency in the SafeInsure ecosystem, SINS is required for operating a masternode to secure the SafeInsure network. Masternode operators get rewards for their work with a return on investment (ROI) commensurate with their collateral.

SafeInsure Masternode Features :

SafeInsure masternodes are, in essence, decentralized nodes which host a wallet containing a collateralized amount of SINS(1000 SINS).These collateralized nodes perform several tasks including:

Adding privacy layers to transactions.
Increasing network transaction speeds.
Allowing masternode owners governance rights in the network.
Providing a financial incentive for node operators by giving a return on investment (ROI) for transactions validated.

SafeInsure masternode operators receive a passive income for accomplishing the work of securing the network. The amount of collateral and masternodes owned determine your ROI.

Coin Distribution :

The SafeInsure coin distribution event places a premium on research, development, and adoption. These three points are the pillars of SafeInsure's forward-looking approach, buoyed by additional funding for other key areas such as legal counsel, operating costs, and business partnership development. With a balanced coin distribution model, SafeInsure sets the foundation for success.

Roadmap :

If this article has piqued your interest on how you can personally benefit from SafeInsure or the blockchain technology behind it I invite you to explore this project further at the official links below.

Website : https://www.safeinsure.io/
BitcoinTalk : https://bitcointalk.org/index.php?topic=5031712
Explorer : http://explorer.safeinsure.io/
Github : https://github.com/safeinsure/sins-coin
Whitepaper : https://www.safeinsure.io/SafeInsure_Whitepaper.pdf
Twitter : https://twitter.com/SafeInsure
Facebook : https://www.facebook.com/pg/SafeInsure-229426447729311/
CoinMarketCap - https://coinmarketcap.com/currencies/safeinsure/
Discord : https://discord.gg/RYQfJWY