Nsure is an open insurance platform for Open Finance. The project borrows the idea of Lloyd’s London, a market place to trade insurance risks, where premiums are determined by a Dynamic Pricing Model. Capital mining will be implemented to secure capital required to back the risks at any point of time. A 3-phase crowd voting mechanism is used to ensure every claim is handled professionally.
Capital/Insurance Mining: 55,000,000 NSURE, 55% of total supply
Seed Round: 1,000,000 NSURE, $0.05 USD per token, 1% of total supply
Private Sale: 14,000,000 NSURE, $0.1 USD per token, 14% of total supply
Public Sale (Balancer LBP): 4,000,000 NSURE, 4% of total supply, 1,562,076 are sold, with a 663,870 USD net raise, unsold tokens will be partially utilised for liquidity purposes, as well as for initially providing capacity on insurance products once the Nsure Network goes live. After the platform naturally grows in capacity, the tokens will be transferred to the Nsure DAO to decide on it’s management.
Foundation Reserve: 10,000,000 NSURE, 10% of total supply. Foundation reserves are split in equal parts, 5% dedicated to nurture and further build the Nsure Ecosystem, 5% will be allocated for participants of the NsureDAO to vote on.
Marketing & Operation: 10,000,000 NSURE, 10% of total supply
Team: 6,000,000 NSURE, 6% of total supply
Token Vesting Schedule:
Capital/Insurance Mining: to be unlocked per mining schedule
Seed Round: 20% unlocked, then 20% release every 3 months
Private Sale: 20% unlocked, then 20% release every 3 months
Public Sale (Balancer LBP): 100% fully unlocked
Foundation Reserve: Foundation to be unlocked with mainnet launch (estimated Q1 2021). Reserve to be unlocked with DAO launch (estimated Q2 2021).
Marketing & Operation: 20% unlocked, then 20% release every 6 months over 2 years
Team: 6 month fully locked, then 25% release every 6 months