InsurChain Weekly Report (Jan.14th – Jan.20th)

InsurChain Weekly Report (Jan.14th – Jan.20th)


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:


We promise the INSUR bought back will be used for ecosystem development.

This is the seventh week of INSUR buyback plan. We have bought back 100 million INSUR.


Business & Cooperation


  1. InsurBox data update


Data for this week: Weekly Active User: 28.3 thousand, Daily Active User: 19 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.


  1. Locked position due for testnodes


The first batch of locked position for testnodes is due on Jan.20th. The INSUR with interests have been delivered to participants’ accounts.


  1. 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 9100 users signed up for Starfire insurance with a fund pool over 127 million INSUR. The reward pool exceeded 290k 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.



We have solved the following issues last week:

  1. Remodeled P2P network with kcp protocol and improved stability for information transmission.
  2. Used conversionID to connect between nodes.
  3. Researched on Hyperledger fabric and kafka.


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”.


Our email address:




Last week, the trading volumes of INSUR reached 6.316 billion and 0.902 billion daily trade. Among all the trading, the trading volume of INSUR/BTC, INSUR/ETH and INSUR/USDT on OKEx reached 225, 299 and 378 million respectively.




Community data update:

Telegram: members (12715)

Twitter: subscribers (4191)

Weibo: subscribers (1581)

Wechat assistant: friends (3335)


InsurChain official channels:


Twitter: @InsurChain

Weibo: @InsurChain


Wechat Assistant account: InsurChain or InsurWallet

Wechat official account: insur666