Token

Tokenomics and User Guide

Tokenomics

The InsurAce platform will issue a standard ERC20 token, INSUR, as the governance token to incentivize the ecosystem participants retroactively.

The current use scenarios for INSUR tokens are as follows:

  1. Representation of voting rights in community governance scenarios such as claim assessment, proposal voting, and etcetera

  2. Mining incentives for capital provisions to the insurance pool and investment products

  3. Eligible for fees generated by InsurAce protocol through governance participation

  4. Community and ecosystem incentives

Along with the InsurAce Protocol development, we will include more use scenarios for INSUR tokens via community governance.

The supply and allocation plan for INSUR is designed as such:

  1. Total supply: 100M INSUR

  2. The distribution plan for the tokens is as the table shown below.

Token Distribution

Token%

Token Amt

Vesting Terms

Seed Round

10.75%

10,750,000

15% unlock upon token generation event (TGE), linear vesting/block over 2 years for the rest starting from the 3rd month after TGE

Strategic Round

9.25%

9,250,000

25% unlock upon token generation event (TGE), linear vesting/block over 2 years for the rest starting from the 3rd month after TGE

Team & Advisors

15%

15,000,000

5% unlock upon TGE, linear vesting/block over 2 years for the rest starting from the 3rd month after TGE

DAO Reserves

18%

18,000,000

Reserved for liquidity provision on exchange listing, marketing initiatives, developer grants, bug bounty programs, strategic partnership, and long-term development of the platform

Initial Liquidity Bootstrap

2%

2,000,000

Public sale on Balancer LBP for liquidity bootstrapping and promoting community awareness

Mining Reserves

45%

45,000,000

In accordance with the mining schedules

$INSUR distribution

The above token distribution plan may subject to changes via community governance from time to time.

Get $INSUR