Soteria — a mutual insurance platform that can provide insurance coverage for losses, caused by contract vulnerabilities and hacker attacks, and provide risk protection for DeFi products.
Contents:
About the crypto coin Soteria project
Soteria — a public insurance platform. By placing bets on tokens, users become both winners and bearers of risk. At the same time, token holders can use the tokens they hold to determine the insurance coverage a project may have and approve claims.
Staking tokens reflect the participants' recognition of the project's security, and the number of pledged tokens also determines the project purchase limit. Claim request approval is determined by token holders through a vote that requires token blocking. If the opposite of the final result is chosen, the tokens will be locked for a longer period.
Project opportunities:
| 1. | Smart contracts that increase risk in the DeFi world require a decentralized solution. Soteria is designed as a decentralized mutual company. All participants share the contractual risk and reward to cover and capital gains. |
| 2. |
The project developers and smart contract auditor will conduct a decentralized risk assessment and fund the initial pool of stakes in Soteria. |
| 3. | The Native Soteria token represents membership. Tokens help to purchase smart contract coverage, assess requirements, underwriting and governance. All capital funds belong to the project participants. |
Like traditional companies, Soteria uses a co-insurance model to collect money from policyholders, and members form a community to share risks and premiums. The amount of community funds, that is, the total capital, helps to pay insurance claims.
When compensation occurs in certain contracts, the SOTE token inherent in the contract will be destroyed to pay compensation at first.
What else should you know?
There are introductory documents on the site. You will find rules of use and much more there. Also, a short description is on the main page.
From social networks, the community leads:
- twitter;
- telegram;
- blog.
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