Nsure Network

NSURE Price

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 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.

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. 

How can I purchase cover on Nsure Network?

The protocol is still in alpha as of January 2021.

Where can you buy Nsure Network?

NSURE tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Nsure Network is AscendEX (BitMax), where the most active trading pair NSURE/USDT has a trading volume of $60,541.95 in the last 24 hours. Other popular options include LATOKEN and Gate.io.

What is the daily trading volume of Nsure Network (NSURE)?

The trading volume of Nsure Network (NSURE) is $60,936.64 in the last 24 hours, representing a 808.70% increase from one day ago and signalling a recent rise in market activity.

What is the all-time high for Nsure Network (NSURE)?

The highest price paid for Nsure Network (NSURE) is BTC0.0002567, which was recorded on Oct 30, 2020 (almost 4 years). Comparatively, the current price is -99.90% lower than the all-time high price.

What is the all-time low for Nsure Network (NSURE)?

The lowest price paid for Nsure Network (NSURE) is BTC0.0₇3312, which was recorded on Sep 14, 2024 (about 1 month). Comparatively, the current price is 1.90% higher than the all-time low price.

What is the market cap of Nsure Network (NSURE)?

Market capitalization of Nsure Network (NSURE) is BTC0.7938 and is ranked #5073 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of NSURE tokens (24 Million tokens are tradable on the market today).

What is the fully diluted valuation of Nsure Network (NSURE)?

The fully diluted valuation (FDV) of Nsure Network (NSURE) is BTC2.0930. This is a statistical representation of the maximum market cap, assuming the maximum number of 100 Million NSURE tokens are in circulation today. Depending on how the emission schedule of NSURE tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Nsure Network compare against its peers?

With a price decline of -5.70% in the last 7 days, Nsure Network (NSURE) is underperforming the global cryptocurrency market which is up 6.40%, while underperforming when compared to similar Polygon Ecosystem cryptocurrencies which are up 0.00%.

How to add Nsure Network (NSURE) to MetaMask?

Adding Nsure Network (NSURE) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import NSURE as a token. You can copy NSURE’s contract address (0x20945ca1df56d237fd40036d47e866c7dccd2114) and import it manually, or if you've installed MetaMask's chrome extension, add NSURE to MetaMask with one click on CoinGecko.

Add NSURE to MetaMask.