InsurChain Weekly Report (Jun 19th – Jun 25th)

Business & Cooperation

1. InsurWallet data update
Data for this week: Weekly Active User: 86 thousand, Daily Active User: 60 thousand, Hashpower: 400.76 million.

*The shares of InsurChain Position-lock initiative II have been sold out. 300 shares sold in total with a record of 23 shares from one account in one day.
*5 premium nodes and 36 general nodes have been verified so far, with 1795 votes in total.

2. Premium nodes rules released

InsurChain testnet is estimated to be launched ahead of schedule in July. We have released the campaign rules for premium nodes as follows:

a. We will select 11 premium nodes and 2000 general nodes at most to jointly start InsurChain testnet and provide improvements afterwards. All participating nodes’ positions will be locked in InsurBox for 6 months. Among those, premium nodes need to lock no less than 100 million INSUR and general nodes need to lock no less than 1 million INSUR.
b. Locked position = node + votes, it means all the votes will be locked as well. Locked votes will share the same return of nodes.
c. Lock return for nodes = monthly reward/total position locked. For reference, premium nodes (votes included) can have an annual return of 54.5% at best and general nodes 20% at best.
d. How to participate: Download InsurWallet to register and vote. (Download link: https://wallet.qusukj.com/h5/shareSucc.html)
e. Process: Download and register in InsurWallet, transfer your INSUR to the wallet, lock INSUR and create a node, or vote for a node. Creating a general node causes 1 INSUR at least, and you will be granted with an invite code once node is created.
f. InsurChain will provide incentives for those who promote node campaign. When a invitee creates a node and enters the invite code, inviter will be awarded with 1.5% of the INSUR locked in this node while invitee will also be awarded with 1%.
g. If you have any further questions, please search InsurChain in Wechat or send emails to ir@insurchain.org for answers.

3. Second live streaming for InsurChain community
During the streaming this time, three senior officers of InsurChain has made detailed introduction to InsurChain premium node campaign.

4. Write for us!

Topic: Insurance, blockchain and InsurChain
Word account: no less than 500 word
Please send your article to satoshi@insurchain.org. And InsurChain team will screen and select the great articles and offer rewards dependently.

5. Development & Plans

*Launched premium node campaign and added registration, vote, rank and personal info in InsurWallet.
*Add return display for premium nodes, estimated launch date – June 30th
*Finish the development of the first version of 2.0.0, estimated date – July 6th
*Launch first test version of 2.0.0, estimated date – Late July.

Community Partners Project

Community Partners Project is a long-term project to improve InsurChain community. If you are interested in participating, you can add InsurChain customer assistant to ask for more information. Each group leader will be rewarded with INSUR if he delivers contributions.

For now, the project is processing smoothly as more and more new group leaders are joining us and existing group leaders getting their rewards. Here is a brief introduction of Community Partners Project:

Objective: Build a group with at least 200 members in Wechat or 400 members in QQ. Recruit new group leaders (those who must have experience in crypto community). Maintain the group by clearing ads and keeping group active etc.

Rewards: InsurChain will check the status of each group and award 50k INSUR dependently. During premium node campaign, InsurChain team will provide additional rewards for following actions from group leaders: Premium nodes invite and registration.

Market

Last week, the trading volumes of INSUR reached 5.27 billion and 953 million daily trade. Among all the trading, the trading volume of INSUR/BTC, INSUR/ETH and INSUR/USDT on OKEx reached 21.6, 204.8 and 3857.07 million respectively.

The whole market is on the downside yesterday. But thanks to everyone’s great work, INSUR was up 26%.

Community

Community data update:
Telegram: members (24877)
Weibo: subscribers (1535)
Wechat assistant: friends (2938)
Twitter: subscribers (6063)

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