InsurAce is pleased to present our 2023 Roadmap, outlining our plans for the upcoming year. As the crypto and insurance industries continue to evolve, we are committed to finding new and innovative ways to serve our customers and simplify the process of buying coverage. Our focus for the year is on increasing revenues, launching new products, and developing the Crypto Deposit Insurance Scheme (CDIS). We understand that purchasing coverage can be confusing, so we are working to make the process as easy and transparent as possible. Additionally, we are striving to provide more personalized options to meet the unique needs of our customers. Join us as we take a closer look at the exciting developments and new products that are planned for 2023.
Crypto Deposit Insurance Scheme
One of the exciting new developments on our 2023 Roadmap for InsurAce is the introduction of the Crypto Deposit Insurance Scheme (CDIS). Similar to the Federal Deposit Insurance Corporation (FDIC) which insures traditional bank deposits, CDIS will provide insurance for crypto deposits. This means that if a participating crypto exchange or CeFi entity fails or is hacked, the depositor’s assets will be protected up to a certain limit. This added layer of security will give consumers peace of mind and help to promote greater adoption of cryptocurrency. We’re thrilled to be at the forefront of this innovative new program and we can’t wait to see how it helps to shape the future of the crypto industry.
We will also be introducing a new Cross-Chain Bridge Cover product. As the crypto industry continues to evolve, we recognize the growing need for insurance solutions that can cover assets across multiple blockchains. Our Cross-Chain Bridge Cover product addresses this need by providing insurance coverage for assets that are transferred between different blockchains using cross-chain bridge protocols. This unique coverage will give customers the peace of mind that their assets are protected during these types of transactions. We’re excited to offer this cutting-edge coverage to our customers and we believe it will be a valuable addition to our portfolio of insurance products.
Another exciting development on our Roadmap is the introduction of our Post-Audit Cover, an extension of our existing Smart Contract Cover. This product will provide coverage for any issues that may arise after a smart contract has been deployed and is in operation. This coverage will include protection against bugs, vulnerabilities and other errors that may occur after the initial auditing process. This B2B coverage for Protocols or Auditors will give our customers the confidence that any unexpected issues will be handled quickly and effectively, ensuring the continuity of their operations.
Another exciting product is the launch of our Blockchain Slashing Cover. As blockchain technology and decentralized finance continue to gain popularity, the risk of slashing incidents has become an increasing concern for many stakeholders in the ecosystem. Slashing is a penalty mechanism used in some blockchain networks to penalize validators for behaving improperly. Our Blockchain Slashing Cover will provide coverage for these types of incidents, giving our customers peace of mind that they will be protected in the event of a slashing incident. This coverage will be available for a variety of blockchain networks and will be tailored to the specific requirements of each network. This coverage will be an important addition to our portfolio of insurance products for the blockchain ecosystem.
We’re excited to announce that we will be updating our existing covers to allow them to be extended via our dApp. This new feature will make it even easier for our customers to manage and extend their insurance coverage.
The long-awaited next version of our tokenomics will be arriving in the upcoming year. This new version will bring a host of exciting new features, including improved liquidity for our token holders, increased rewards for active users, and new use cases for our tokens. The V2 tokenomics will also include a new token governance structure, allowing token holders to have a more active role in the direction and development of the platform. This new version of our tokenomics is set to revolutionize the way our platform operates and will pave the way for even more innovation in the future. We believe that this new version of our tokenomics will be a game changer for the platform and we can’t wait to see how it will benefit our customers and community.
We’re excited to announce that we’ve been working to secure deals with some of the largest reinsurance companies in the world. These partnerships will provide us with more capacity to underwrite insurance policies, which means that we’ll be able to offer even more coverage to our customers. This increased capacity will allow us to offer coverage for higher risk and more complex insurance products, and will also help to ensure that we’re able to meet the needs of our customers as the insurance industry continues to evolve.
Having these large reinsurance companies on board will also bring a lot of credibility and trust to our company. Their reputation and experience will make our company more reliable and trustworthy for the customers. Our partnerships with these industry leaders will also allow us to share best practices, stay ahead of industry trends and provide more comprehensive coverage to our customers.
It’s about time we launch our own NFT collection. We believe that NFTs have a lot of potential in the insurance industry and we’re looking forward to exploring new and innovative ways to use them in our products. Stay tuned for more information as we get closer to the launch date!
In conclusion, we’re excited to share our 2023 Roadmap for InsurAce with you. This year, we’re focusing on simplifying the buying process, increasing efficiency, and providing more personalized options. We’ve also introduced several new and innovative products such as the Crypto Deposit Insurance Scheme (CDIS), the Cross-Chain Bridge Cover, the Post-Audit Cover, the Slashing Cover, and a few others under research. Additionally, we’ll be updating our existing covers to allow them to be extended via our dApp and launching the V2 tokenomics for our platform.
We’ve also been working to secure deals with some of the largest reinsurance companies in the world, providing us with more capacity to underwrite insurance policies and allowing us to offer even more coverage to our customers. And we’re also working on launching our own NFT collection.
We believe that these new developments will help us to achieve our mission of making insurance more accessible and affordable for everyone, and we’re excited to be at the forefront of the DeFi insurance industry’s evolution. We’re looking forward to sharing more information with you as we continue to roll out these exciting new products and features.