InsurChain Weekly Report (June 25th – July 1st)

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 1.385 billion in total.

Business & Cooperation

  1. InsurBox data update

Data for this week: Weekly Active User: 15.2 thousand, Daily Active User: 9.4 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. And now the final version is under the improvement.

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                      99.95%

SendRate                                  135tps

Max Latency                                2.747s

Min Latency                                0.2s

Interval Occupancy                          57.8327%

Verification Success Rate                     92.5926%

Delay Deviation Rate                         50.1276%

Low Latency Occupancy                      50.6%

Low Latency TX Volume                      1012

Delay Interval Value                          738.379ms

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

  1. Complete partial packaging of the smart contract public library

2, call the smart contract broadcast interface

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 2.75 billion and 0.393 billion daily trade. Among all the trading, the trading volume of INSUR/BTC, INSUR/ETH and INSUR/USDT on OKEx reached 79, 65 and 248 million respectively.

Community

Community data update: Telegram: members (7324) Twitter: subscribers (3793) Weibo: subscribers (1575) Wechat assistant: friends (3397)

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