InsurChain Weekly Report (July. 9th – July. 15th)

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 1.395 billion in total.

 

Business & Cooperation

 

  1. InsurBox data update

 

Data for this week: Weekly Active User: 11.5 thousand, Daily Active User: 7.3 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 21th. 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                      99.9%

SendRate                                  136tps

Max Latency                                2.748s

Min Latency                                0.202s

Interval Occupancy                          57.3449%

Verification Success Rate                     92.6471%

Delay Deviation Rate                         50.0553%

Low Latency Occupancy                      50%

Low Latency TX Volume                      1000

Delay Interval Value                          738.807ms

 

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

 

  1. We optimize the service performance of the wallet access point;
  2. We optimized the reconnection mechanism to save traffic;
  3. Fix the problem that the connection between p2p nodes is abnormally disconnected.

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 2.084 billion and 0.298 billion daily trade. Among all the trading, the trading volume of INSUR/BTC, INSUR/ETH and INSUR/USDT on OKEx reached 64, 61 and 172 million respectively.

 

Community

 

Community data update: Telegram: members (6899) Twitter: subscribers (3784) Weibo: subscribers (1581) Wechat assistant: friends (3417)

 

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