InsurChain Weekly Report (Mar.6th – Mar. 12th)

Business & Cooperation
1. InsurWallet Spring version update
Data for this week: Weekly Active User: 305 thousand, Hashpower: 240 million.

InsurWallet V1.4 is launched last Friday.
Updates include:
A. Manual acquisition of mined INSUR. It is designed to bring profits to actual users and sweep the zombie accounts.
B. Users now can increase their hashpower by daily sign in.
C. Online payment insurance added, users can buy it with INSUR.
Users can subscribe our Wechat Official Account (ID: insur666) to get the instructions of how to participating in our actions.

2. Community actions
InsurChain has launched a new round of promotion actions last Friday. The action attracted more than 20 thousand new users from different countries and districts for our community.

The action has brought awareness of InsurChain to overseas users and made our name better know. More users also helped us to get more comprehensive suggestions on how to build a better community.

InsurChain will keep improving our channels in the future and keep all our users from overseas updated.

We also started running our reddit page now, subscribe it to know more.(r/Insurchain)

3. INSUR Position-lock initiative update
We launched our first round of Position-lock initiative on March, 6th, it will end today. Specifics have been released on homepage and Wechat Official Account.

In order to appreciate the support from users, we decide to give 2% bonus to the original annualized return rate.

4. INSUR buyback update
In order to cheer up confidence for our investors, we have initiate a buy-back last week. We have bought back 120,000,100 INSUR last week and sent them to the following address:
0x35812608be0753a6756ea4d549a39bb1c6d537fb
INSURs transferred to this address will be locked for at least 180 days. We promise all the INSUR bought back will only be used to marketing and building the ecosystem when unlocked.

This week is the second week of buyback, we have bought back 120 million INSUR.

Market
Last week, the trading volumes of INSUR reached 1.59 billion with a 19% turnover rate and 227 million daily trade. Among all the trading, the trading volume of INSUR/BTC, INSUR/ETH and INSUR/USDT on OKEx reached 77.52, 55.49 and 92.72 million respectively.

Technology Development

Wallet
*Added notification feature for iOS and it is estimated be in V1.5 for Android;
*Added Invitation feature for iOS and it is estimated be in V1.5 for Android;
*Server optimization. Now we have 8 servers and 3 message channels.

V1.5 update is estimated to include:
*Adding temporary hashpower missions;
*Modifying the signing in bonus rules by increase the resulting temporary hashpower;
*Launching a two-step KYC verification process.

Community

Community data update:
Weibo: subscribers (1276), new (68)
Telegram: members (28961), new (27169)
Wechat assistant: friends (2070), new (116)
Reddit posts: new(7).

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: InsurChainAssistant
Wechat official account: InsurChain

Others
We are still recruiting HR, blockchain developers and smart contract developers. If you are interested in InsurChain and capable of doing the aforementioned tasks, you can contact our Wechat Assistant to learn more as well as inquiring about the recruitment or send your resume to ljd@insurchain.org.