With the nature of cryptocurrency markets, there’s no way to stop scams and rug pulls. For many new crypto enthusiasts, one of their first experiences will be losing their cryptocurrency to a scam project. The good news is, traders now have the option of insuring their bags against fraud and drastic devaluations. Today we’re taking a look at inSure DeFi, a world-first DeFi Insurance System.
What Is inSure DeFi?
inSure DeFi describes itself as a world-first DeFi insurance system with staking power. Its goal is to provide stability and protection to the crypto world, helping investors avoid scams and drastic devaluations.
Think of it as an insurance policy for your crypto portfolio. inSure DeFi is classified as a Metaverse coin since the platform can provide insurance to DeFi Metaverse platforms.
InSure DeFi includes a multichain token called SURE that lives on both the Ethereum and Binance Smart Chain and acts as the native cryptocurrency on the platform.
inSure offers a wide variety of coverages for your portfolio. For sizes up to $1000, users can purchase a policy for 2,500 SURE, which is $24 at the time of writing. The coverages go as high as up to $140,000 for 500,000 SURE, which is roughly $4,800 at the time of writing.
To claim losses on your portfolio, users need to submit a request for reimbursement, which takes 3-4 business days to get approved.
Overall, inSure is a great concept that should be used by investors looking for further protection against scams and drastic devaluations.
At the time of writing, SURE is trading at $0.0096, with a 24-hour trading volume of $1.5 million. SURE has a market cap of $253 million with a circulating supply of 26.79 billion tokens.
You can purchase SURE on Uniswap, PancakeSwap, QuickSwap, and more.
Disclosure: This is not investment or trading advice. Always do your research before buying any cryptocurrency.