Tokenomics
$INSUR, a standard ERC20 token, is the InsurAce protocol's governance token which is also used to incentivize participation in the ecosystem.
The current use cases for $INSUR tokens are as follows:
- 1.Representation of voting rights in community governance such as claim assessment, proposal voting, etc.
- 2.Mining incentives for capital provisions to the mining pool and investment products.
- 3.Eligibility to earn fees generated by InsurAce.io through governance participation.
- 4.Community and ecosystem incentives.
As the InsurAce protocol develops, more use cases will be introduced for the $INSUR token.
Total supply: 100M $INSUR
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 be subject to change via community governance from time to time.
$INSUR tokens have been listed on the exchanges set out below.
Centralized Exchanges:
Exchange | Address |
|---|---|
Huobi Global | |
Bybit | |
Bitrue |
Decentralized Exchanges:
Network | Dex | Contract Address |
|---|---|---|
Ethereum | 0x544c42fbb96b39b21df61cf322b5edc285ee7429 | |
BNB Smart Chain (BSC) | 0x3192ccddf1cdce4ff055ebc80f3f0231b86a7e30 | |
Polygon | 0x8a0e8b4b0903929f47C3ea30973940D4a9702067 | |
Avalanche | 0x544c42fBB96B39B21DF61cf322b5EDC285EE7429 |
- Open your wallet and select "Add Token"
- Select "Custom Token"
- Paste the contract address below into "Token Contract Address".
Network | Contract Address |
|---|---|
0x544c42fbb96b39b21df61cf322b5edc285ee7429 | |
0x3192ccddf1cdce4ff055ebc80f3f0231b86a7e30 | |
0x8a0e8b4b0903929f47C3ea30973940D4a9702067 | |
0x544c42fBB96B39B21DF61cf322b5EDC285EE7429 |
- Click "Next", followed by "Add Tokens".
- That's it!
The InsurAce protocol's official bridge provides bridging services, allowing users to transfer $INSUR tokens between the Ethereum, BNB Smart Chain, Polygon, and Avalanche networks.
Checkout this user guide on how to use the bridge:
Market data and information for $INSUR tokens can be found on these sites.
Last modified 8mo ago