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Insured Finance Price (INFI)
$0.00415897
1.55%
Insured Finance Price Chart (INFI/USD)
Last updated 22 Jun 2022, 09:12AM UTC. Currency in USD.
Markets
| # | Exchange | Pair | Price | Spread | Volume(24h) | Trust |
|---|---|---|---|---|---|---|
| 1 |
 Bilaxy |
INFI / ETH | $0.00391926 | 1.43% | $17,335 | |
| 2 |
 LATOKEN |
INFI / USDT | $0.00504468 | 0.50% | $1 |
INFI Price Statistics
- Insured Finance Price Now $0
- 24h Low / 24h High $0 / $0
- Trading Volume $1,185
- Market Cap Rank #0
- Market Cap $0
- Volume / Market Cap 0.0000
-
All-Time High
$2 -99.76%
Feb 17, 2021 -
All-Time Low
$0 52.26%
Jun 18, 2022
Insured Finance Cryptocurrency: A Comprehensive Overview
Introduction
Insured Finance is a decentralized finance (DeFi) platform that operates using blockchain technology, primarily dedicated to insurance services within the cryptocurrency space. Built on the Ethereum network, Insured Finance brings transparency and security to the insurance sector by utilizing smart contracts to automate the claims and underwriting processes.
How Insured Finance Works
Insured Finance allows users to create and manage decentralized insurance policies. Individuals or organizations seeking coverage can create customized policies by selecting specific parameters, such as the type of coverage, duration, and premium. These policies are then recorded on the Ethereum blockchain, ensuring immutability and transparency.
Once a policy is created, insurance providers can underwrite it and offer coverage. The underwriting process occurs automatically, eliminating the need for intermediaries while enhancing efficiency. Policyholders can monitor the underwriting progress and view the policy's status in real-time using the Insured Finance platform.
The Importance of Insured Finance
The cryptocurrency market is prone to various risks, including hacking, theft, and scams. Insured Finance aims to mitigate these risks by providing comprehensive insurance solutions to protect users' digital assets. By implementing blockchain technology, the platform ensures the accuracy and transparency of insurance policies, reducing issues associated with fraudulent claims and untrustworthy providers.
Benefits of Insured Finance
1. Decentralization: Insured Finance operates on a decentralized network, eliminating the need for intermediaries and reducing costs.
2. Transparency: The blockchain records all policy details and transactions, providing an auditable trail and ensuring transparency throughout the process.
3. Automated Claims: Smart contracts enable the automation of claims, eliminating delays and reducing bureaucracy.
4. Security: By leveraging the immutability of the Ethereum blockchain, Insured Finance provides a secure environment for insurance activities.
5. Customization: Users can tailor insurance policies to their specific requirements, creating flexible and personalized coverage.
Conclusion
Insured Finance is revolutionizing the insurance sector within the cryptocurrency space by offering decentralized, transparent, and secure insurance solutions. With its utilization of smart contracts and the Ethereum blockchain, the platform ensures the accuracy and efficiency of claims and underwriting processes. By mitigating risks and providing customizable coverage, Insured Finance aims to instill confidence in crypto investors and contribute to the growth of the decentralized finance ecosystem.