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Rank #2387
Nsure Network Price (NSURE)
Nsure Network (NSURE)
$0.019189822596 -7.2%
0.00000098 BTC -8.2%
0.00001434 ETH -8.3%
5,706 people like this
$0.019131400575
24H Range
$0.022369021140
Market Cap $455,321
24 Hour Trading Vol $319,667
Fully Diluted Valuation $1,918,982
Total Value Locked (TVL) $297,272
Fully Diluted Valuation / TVL Ratio 6.46
Market Cap / TVL Ratio 1.53
Circulating Supply 23,727,235
Total Supply 52,914,582
Max Supply 100,000,000
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Nsure Network Price Chart (NSURE/USD)

Last updated 08:49AM UTC. Currency in USD.

Live Chart
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1h
24h
7d
14d
30d
1y
-1.0%
-7.2%
3.1%
0.9%
-7.3%
-87.3%

Convert NSURE to USD

NSURE
USD
USD

1 NSURE = $0.019189822596

NSURE Price Statistics

Nsure Network Price Today
Nsure Network Price $0.019189822596
24h Low / 24h High $0.019131400575 / $0.022369021140
7d Low / 7d High $0.017962007976 / $0.021366625931
Trading Volume $319,667
Market Cap Rank #2387
Market Cap $455,321
Market Cap Dominance 0%
Volume / Market Cap 0.7021
All-Time High $3.42 -99.4%
Oct 30, 2020 (almost 2 years)
All-Time Low $0.009977679977 92.2%
Jun 15, 2022 (4 months)

NSURE Price Today

Nsure Network price today is $0.019189822596 with a 24-hour trading volume of $319,667. NSURE price is down -7.2% in the last 24 hours. It has a circulating supply of 24 Million NSURE coins and a total supply of 52.9 Million. If you are looking to buy or sell Nsure Network, MEXC Global is currently the most active exchange.

What was the highest price for Nsure Network?

Nsure Network hit an all time high of $3.42 on Oct 30, 2020 (almost 2 years).

What was the lowest price for Nsure Network?

Nsure Network had an all time low of $0.009977679977 on Jun 15, 2022 (4 months).

What was the 24 hour trading volume of Nsure Network?

The 24 hour trading volume of Nsure Network is $319,667.

Where can Nsure Network be traded?

You can trade Nsure Network on MEXC Global, BingX, and Gate.io. Popular trading pairs for Nsure Network in the market includes NSURE/USD, NSURE/CAD, NSURE/AUD, NSURE/GBP, NSURE/INR, and NSURE/PHP.

 

What is Nsure?

NSURE is the governance token for the Nsure Network. Unlike Nexus Mutual that follows a mutual model, Nsure follows a shareholders model where the Nsure token is akin to holding the share of the network.

 

What is the Nsure Network?

nsure insurance crypto ethereum

Nsure Network is a decentralised insurance project that borrows the idea of Lloyd’s of London, a market place to trade insurance risks, where premiums are determined by a Dynamic Pricing Model. In this model, capital supply and demand from the entire platform determines the price jointly, similar to the pricing mechanism in the free market, by having Nsure tokens backing the policies bought. The price is self-adjustable to the movement of supply and demand, subject to the model moderately stabilizing the price change.

 

What is the Dynamic Pricing Model?

The premium is largely based on 3 factors - Capital Demand, Capital Supply, and Risk Adjustment. 



  1. Capital Demand - It is calculated by multiplying the Total Value Locked (TVL) figures of the protocol with demand ratio. Demand Ratio is basically the assumption of insurance demand based on TVL, currently it will be based on a simulation model of the team. 




  2. Capital supply - Amount of Nsure tokens staked on the protocol. 




  3. Risk Adjustment - It is a risk rating that reflects the riskiness of the protocol, currently this is given by the team.



Ultimately, the premium rate is calculated by finding 95% confidence level in a Beta Distribution using the variables mentioned above.

 

Underwriting Programme

Stakers can stake up to 4 times their Nsure token, limited to a total of 10 projects, subject to the assumption that not more than 25% of token balance (100% of 400% total staking power) is allocated to each project. 

For example, Jeff has 100,000 tokens, the maximum staking power he has is 400,000. He could stake up to 100,000 on Compound and 50,000 each on other 6 projects. As a comparison, Nexus Mutual allows up to 10x leverage.

Each Staking epoch is 14 days, including 11 days’ Lock Period and 3 days’ Rebalance Period. Participants are free to rebalance their portfolio based on their strategy and new information (such as Total Sum Insured) or withdraw tokens during the Rebalance Period. Staked tokens are not withdrawable nor transferable during the Lock Period.

Nsure staking epoch insurance

 

How are the collected premiums allocated?

50% of the premium will be shared with Nsure stakers that stake on the protocol as a part of the underwriting programme. 

40% of the premium collected will be accumulated in the surplus pool. When there is a valid claim, 50% of the payout will come from the staked Nsure tokens. The remainder 50% of the claim will come from the surplus pool. If the amount in the surplus pool is insufficient, then the remaining claim amount will be taken from the capital pool. 

Capital pool is calculated as the adequate Minimum Capital Required (MCR) required for paying out claims 95% of the time. To bootstrap the capital, there will be a capital mining programme to reward Nsure tokens to stakers that pledge their ETH, BTC and USD stablecoins. Withdrawal will be halted if the capital available is lesser than the calculated MCR. 

10% of the premium will go to a claim reserve for the necessary expenses required to carry out verifications of claims. If the policy expires without any claims, it will flow into the surplus pool as well. 

Nsure premium insurance decentralised

 

How can I purchase cover on Nsure Network?

The protocol is still in alpha as of January 2021.

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