InsurChain Weekly Report (Dec. 3rd – Dec. 9th)

InsurChain Weekly Report (Dec. 3rd – Dec. 9th)

INSUR buyback plan

Despite of the downtrend of crypto market, InsurChain team is still working towards the goal. To help users keep faith, InsurChain team decides to initiate a second round of buyback plans.

InsurChain team will buy at least 100 million INSUR back in no less than 8 weeks.

The INSUR we bought back will be sent to following address:
0x35812608be0753a6756ea4d549a39bb1c6d537fb
We promise the INSUR bought back will be used for ecosystem development.

Business & Cooperation

1. InsurBox data update
Data for this week: Weekly Active User: 34.8 thousand, Daily Active User: 23.5 thousand.

InsurChain is a decentralized insurance blockchain platform, committed to building a peer-to-peer insurance market and ensuring the normal operation of this insurance market through a series of rules and mechanisms, and striving to become the world’s largest decentralized insurance blockchain ecosystem.

2. Starfire Insurance

Starfire Insurance is a P2P insurance designed to solve medical problems. It has mining and P2P insurance functions. Users can participate in the program and get covered. When a claim occurs, we will introduce a verification committee to verify the claim.

Right now, we have more than 4400 users signed up for Starfire insurance with a fund pool over 74 million INSUR. The reward pool exceeded 310k INSUR as well.

You can sign up for Starfire by donating 10k INSUR, and the plan will be initiated when a 10 thousandth user sign up.

Techs
We have solve the following issues last week:
1. Verified the issue related with vesting balance logics in graphene
2. Improved the plans for fund pool
3. Run a test on mainnet to see if the fund pool affects db balance

Community Partners Project

The weekly review of group leaders has been completed and rewards been delivered. InsurChain Community Partners Project is always an important part of our mission. And the recruit is still ongoing.

How to become a partner: Add InsurChain assistant and send a message “Group leader participation”.

Besides, the campaign for standard node is also ongoing. You can add assistant to know more.

Market

Last week, the trading volumes of INSUR reached 6.094 billion and 587 million daily trade. Among all the trading, the trading volume of INSUR/BTC, INSUR/ETH and INSUR/USDT on OKEx reached 210, 293 and 368 million respectively.

Community

Community data update:
Telegram: members (15259)
Twitter: subscribers (4741)
Weibo: subscribers (1584)
Wechat assistant: friends (3322)

InsurChain official channels:
Homepage: www.insurchain.org
Twitter: @InsurChain https://twitter.com/InsurChain
Weibo: @InsurChain https://weibo.com/insurchain
Email: customer@insurchain.org
Wechat Assistant account: InsurChain or InsurWallet
Wechat official account: insur666