inSure DeFi
Crypto Overview
Project Overview
inSure DeFi is a decentralized insurance protocol that aims to provide coverage against cryptocurrency investment losses. The protocol uses smart contracts to automate insurance claims and payouts, with the SURE token serving as both a governance token and mechanism for insurance coverage.
Intended Utility
The primary purpose of SURE is to provide decentralized insurance services for crypto investors, protecting against various risks including smart contract failures, exchange hacks, and other crypto-related losses. Token holders can stake SURE to participate in governance and receive insurance coverage.
Actual Implementation & Usage
The protocol has demonstrated actual utility through its insurance products and claims processing. As of 2024, inSure DeFi reports over 140,000 active insurance policies and has processed multiple legitimate claims. The platform maintains transparency through on-chain verification of insurance contracts and claims.
Token Distribution & Governance
The token distribution shows a relatively balanced allocation with no concerning concentration among founders. There are proper vesting schedules for team tokens, and the project demonstrates ongoing development rather than pure marketing focus. The development team maintains regular updates and transparent communication about protocol changes.
Revenue Model
The protocol generates revenue through insurance premium payments and staking rewards, which are distributed to token holders who participate in governance and risk assessment. The insurance model operates on mutual risk-sharing principles rather than interest-based mechanisms.
Crypto Impact
To assign a comfort level investing in inSure DeFi from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to inSure DeFi.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.