The Most DeFi Insurance Ever
Empowering Financial Safety: Pioneering Multichain DeFi Insurance – Exclusively for the People, Governed by the People.
One Stop Solution For Complete Blockchain Protection
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Why COINsurance DAO
Fee-Less Membership
Becoming a member of COINsurance DAO is straightforward: hold CID in your wallet, which incurs no fees.
Moreover, holding CID brings its own set of benefits.
KYC Less Membership
Certain crypto insurance providers typically request personal documents upon initial registration. At COINsurance DAO, we prioritize your privacy, recognizing the decentralized nature of blockchain technology. That’s why we don’t require KYC. Your wallet address serves as your sole identifier in our platform.
Insurance Without Membership
While many current crypto insurance companies mandate membership as a prerequisite for obtaining coverage, we operate differently. With us, you have options: choose to insure your assets without membership, or become a member and insure your assets, or simply join as a member.
Globally DeFi Insurance
While many traditional crypto insurance companies impose restrictions based on physical geography, such as your country, contradicting the decentralized ethos of blockchain technology, COINsurance DAO takes a different approach. We don’t discriminate based on nationality – everyone is welcome to insure and safeguard their crypto assets with us.
Resilient and Transparent Insurance
We take pride in being a resilient and transparent insurance platform, setting us apart in the industry. While traditional models often come with constraints, our approach is designed to offer flexibility and transparency. We prioritize resilience, ensuring that our users have choices, whether it’s obtaining coverage without cumbersome requirements or enjoying the benefits of membership. Furthermore, we’ve eliminated geographical embargoes, embracing the decentralized ethos of blockchain technology. Membership is straightforward – simply hold CID in your wallet, and enjoy the perks without any fees. Join us as we redefine resilience and transparency in the crypto insurance landscape.
Multi-Chain Insurance
Unlock unparalleled possibilities with our exclusive Multi-Chain Insurance platform. We’re the industry’s sole provider, offering seamless coverage across multiple blockchains. Embrace the unique advantage of decentralized protection tailored to your diverse crypto assets.
Rest assured, we stand as the exclusive crypto insurance DAO in the industry committed to upholding the DeFi principles of blockchain technology
Purchase of Insurance
Crypto asset holders can obtain insurance cover best suiting them by paying a premium based on asset value and coverage duration. Premiums are stored in the Capital Pool, serving as a safeguard to reimburse claims in the event of unforeseen circumstances and eventualities.
Filing and Reimbursement of Claim
In an eventuality if an insurance policy holder files a claim for loss of his assets. He will have to submit proof of loss and digitally sign the documents using the wallet address from which he had purchased the insurance cover. Subsequently over next 72 hours, the members will vote and depending on the consensus, the decision to reimburse the amount shall be taken in 3 to 6 days.
Incentives to Members
The members shall be rewarded in two ways. Firstly, 40% of the insurance premiums collected shall be distributed on a daily basis amongst the members corresponding to the proportion of their CID holding. Secondly, the members who vote honestly in assessing a claim shall earn a share of the total reward pool.
Join us and benefit from our transparent and rewarding ecosystem as an active participant.
We insure and protect all crypto assets developed, being developed or that will be developed in future. The major cryptocurrencies include Bitcoin (BTC), Ether (ETH) and all ERC-20 standard tokens.
In order to dynamically update the list of the crypto assets, COINsurance pulls data directly from the blockchain in realtime. When the liquidity is added to any DEX and the new token is traded, it will automatically appear on the platform.