The Next Generation of DeFi Insurance Protocol powered by Polkadot Ecosystem

What is PolkaInsure

As the name implies, PolkaInsure is a decentralized P2P insurance marketplace on Polkadot Ecosystem powered by Polkadot Ecosystem. The protocol aims:

Why PolkaInsure?

2020 has been the year of DeFi in the crypto industry, with many projects transforming traditional financial products to decentralized ones. Most of the DeFi protocols are developed using smart contracts based on public blockchains such as Ethereum and Polkadot parachains.

Why Polkadot?

  • Polkadot is a very fast evolving ecosystem.
  • Transaction fees on Ethereum have become a serious problem where a swap transaction on Uniswap can cost 50$. This is unacceptable for DeFi to become mainstream to replace CeFi.
  • An insurance protocol is missing in the Polkadot Ecosystem.
  • Huge potentials that Polkadot bring to the PolkaInsure protocol as all parachains in Polkadot Ecosystem can be inter-connected with each other.

PolkaInsure Roadmap

Phase 1 — Q3 2020: Market Research and Positioning

  • Research on Insurance Protocols and the need in DeFi
  • Research on Polkadot DeFi ecosystem
  • Team Forming and Project Branstorming

Phase 2— Q4 2020: Market Research and Positioning

  • PolkaInsure Protocol Design
  • Tokenomics Design
  • Smart contract and web development
  • Token Sale

Phase 3— Q1 2021: Market Research and Positioning

  • PolkaInsure contract development
  • Token sale completion
  • Deflationary Farming
  • Onboarding DeFi projects onto PolkaInsure
  • Partnership, Marketing, and Branding
  • Listing on Polkadot Projects Ecosystem, Polkacaster

Phase 4— Q2 2021: Market Research and Positioning

  • Token Migration from Ethereum to Polkadot
  • Shield mining
  • PolkaInsure protocol Live to protect DeFi projects on Polkadot Ecosystem
  • Onboarding DeFi projects onto PolkaInsure

The pioneering insurance protocol for Polkadot Ecosystem

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