InsurChain Weekly Report (Feb.12th – Feb.18th)

InsurChain Weekly Report (Feb.12th – Feb.18th)

 

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.

We have bought back 50 million INSUR this week.

 

Business & Cooperation

 

  1. InsurBox data update

 

Data for this week: Weekly Active User: 25.3 thousand, Daily Active User: 16.7 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. Starfire Insurance formally starts

 

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.

 

Since launching, members have exceeded 12k. Right now we have a pool of 168 million INSUR with a reward pool over 290 hundred INSUR.

 

Techs

We have followed up DAG development.

 

  1. The major issues for DAG are double spending and shadow chain attack.
  2. Because DAG allows multiple trades being processed at the same time. It is possible that attacker can make a shadow chain during that time.
  3. In extreme situation, the shadow chain might replace the original main chain.

 

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: customer@insurchain.org

 

Market

 

Last week, the trading volumes of INSUR reached 5.218 billion and 0.754 billion daily trade. Among all the trading, the trading volume of INSUR/BTC, INSUR/ETH and INSUR/USDT on OKEx reached 191, 242 and 313 million respectively.

 

Community

 

Community data update:

Telegram: members (11249)

Twitter: subscribers (4098)

Weibo: subscribers (1572)

Wechat assistant: friends (3336)

 

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