InsurChain Weekly Report (June 18th – June 24th)

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.

 

 

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 1.38 billion in total.

 

Business & Cooperation

 

  1. InsurBox data update

 

Data for this week: Weekly Active User: 16.0 thousand, Daily Active User: 10.5 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.

 

  1. InsurBox new version

 

In order to provide a better service experience, InsurBox has undergone a comprehensive system upgrade, with the success release of a beta version on June 21.

 

The new InsurBox will continue to promote some new cooperation and changes:

 

1) will access third-party beta version of OTC service;

2) The original forecasting master will be upgraded to access the beta version of the NOEX forecasting master provided by the third-party options service platform;

3) The online test version of the token exchange function;

4) Spark and Mutual Aid will be fully upgraded;

5) The insurance exchange and collection platform will be upgraded;

 

The first three new features are third-party cooperative service access, which will be gradually launched in the near future. Whether the reservation will be based on the operation situation and community opinions will be judged.

 

Techs

 

Techs We put forward the InsurChain Performance Benchmark index last week. And listed some of the benchmark. This is the result of the last week.

 

 

The test details are as follows:

 

Name                                     trx

Execute Successful Rate                      100%

SendRate                                  137tps

Max Latency                                2.746s

Min Latency                                0.202s

Interval Occupancy                          57.3306%

Verification Success Rate                     91.9708%

Delay Deviation Rate                         49.1706%

Low Latency Occupancy                      50.65%

Low Latency TX Volume                      1013

Delay Interval Value                          717.395ms

 

In addition, we have completed the following work this week:

  1. Intelligent contract security storage and anti-DDOS scheme design;
  2. Intelligent contract technical standard formulation and interface design.

 

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 2.105 billion and 0.301 billion daily trade. Among all the trading, the trading volume of INSUR/BTC, INSUR/ETH and INSUR/USDT on OKEx reached 71, 56 and 173 million respectively.

 

Community

 

Community data update: Telegram: members (7481) Twitter: subscribers (3790) Weibo: subscribers (1582) Wechat assistant: friends (3394)

 

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