Rance Protocol Polygon — a decentralized price shield insurance company that offers long-term cryptocurrency holders insurance against large fluctuations in the price of their assets. It is the first interoperable insurance protocol. Users will be able to convert their tokens into the liquidity they originally purchased after one year with a 50% insurance fee.
How does Rance Protocol Polygon work?
Rance Protocol Polygon is the first of its kind in the cryptosphere, offering users the insurance they have long sought. Due to the recent bear market, people are afraid to buy coins, even those with strong fundamentals, for fear of significant price movements and fluctuations.
Users can purchase approved tokens at a price 50% higher than the market price to immerse themselves in the world of DeFi and profit from staking and farming. After a year, users can sell the token back to the protocol at the same market price they bought the token for a year ago, minus a 50% fee.
Other features:
| 1. | The protocol rewards users who wager $RANCE with a distribution of stablecoin earnings, generated from the platform. |
| 2. | Users can stabilize the cryptocurrency they use at the price they want, with insurance protection for up to 2 years. |
The protocol is multi-chain compatible, allowing the use of popular coins. Such as BTC, ETH, MATIC, MMF, CRO, BNB, ADA, DOGE, XRP, LTC, DOT, LINK, CAKE, TRX, UNI, SUSHI, AXS and TWT. While RANCE and other coins will be approved by the community much later.
Tokenomics
RANCE Token — the governing token of the Rance Protocol. It will be used exclusively for the early termination of the insurance package. RANCE holders will be able to share income with the team (1.5% of the insurance fee) by staking their tokens.
RANCE — a deflationary digital currency with a total supply limit of $10,000 RANCE. 2000 goes to Launchpad, 500 initial liquidity, 4000 reserved as protocol insurance liquidity, 2,500 for staking and 1000, allocated to the team.