InsuranceFi provides users with a decentralized sustainable betting platform with financial instruments to protect their investments through the InsuranceFi Protocol (IFP for short).
Financial protocol InsuranceFi
InsuranceFi — the first financial protocol that protects the interests of investors while providing the maximum effective return of 1200% per annum.
Key features of the InsuranceFi protocol:
| Sustainable betting protocol | there are 6 pools of rates from short-term (15 days) to long-term (360 days) with an attractive annual interest rate. The income from the $IF trading volume will be distributed among the stakers. |
| Insurance contract | IFP gives users the option to purchase an insurance plan. In the event that the user loses from the investment due to token prices or market fluctuations, IFP compensates for the greater to the total loss of the user. |
| Trade with low tax | InsuranceFi applies a low trading fee of 5% on buys and 5% on sells to incentivize $IF trading volume, thereby increasing insurance fund solvency and providing investors with a better annual interest rate. |
The Buy-Sign-Earn feature - a simple and innovative element of IFP that offers $IF holders an automatic daily income, safe in the knowledge that their investment is protocol-protected. Buy $IF tokens, deposit them in the InsuranceFi vault, sign an insurance contract, relax and enjoy your daily interest. All risks with your investment are now protected by an insurance contract with a protocol.
The tax on trading $IF tokens is 5% on the purchase and 5% on the sale. It is better to use automatic slippage on Poocoin or 6% slippage when using PancakeSwap.
Insurance fund
The insurance fund helps to cover the losses of investors, depositing funds into the InsuranceFi vault. The fund not only receives from the cost of the insurance package, but is also replenished from various sources to ensure that the fund is sufficient to compensate contributors.
1% of the purchase tax and 1% of the sales tax will be transferred to the insurance fund. There is a total of 20% IF tokens from the total supply to ensure that the insurance fund is always full.
If you cancel a bet before the bet package lock time, you will lose 10% of your original IF bet, and if you choose an insurance package, it will not be valid when canceling bets. Thus, the early release penalty and the liquidation insurance package will go to the insurance fund and increase the level of protection for investors who remain with the project.