A guide to our dApp and benefits for our users
With the launch of our testnet and bugbounty programme, we would like to give our community a brief on our dApp and the various services we would be offering. Our efforts are aimed at providing the best of innovations to our community. You can access our testnet dApp via the below link.
Our users can now purchase different insurance policies that provide coverage for traditional as well as crypto-based assets. The multiple insurers we have onboarded help provide:
- Smart Contract Covers
- Crypto Exchange Covers
- Device Insurance Covers
- Medical Second Opinion Covers
Integrated into our smart contract are the typical insurance details such as what’s covered and the amount for which the user is insured. But the smart contract infrastructure enables the users to do a lot more. Thanks to smart contracts, in many cases, an insurance company could bypass much of the claims process, saving time and money.
You will be able to purchase traditional health insurance policies as well as protection for your devices. We take pride in being the first platform where you will be able to purchase device protection policies in exchange for cryptocurrencies. Our DeFi insurance policies will provide needed coverage for your crypto assets which are imperative with a significant increase in cybercrimes.
Users will now have a platform to purchase insurance policies at incredibly low rates, by exchanging their cryptocurrencies thus, further extending crypto into the global payment system. What’s more? You can purchase our policies using our own native token $CVR to attain policies at a 25% discount than any other platform.
Users can also engage in gasless transactions to purchase insurance policies, for the first time ever on the CoverCompared platform.
A decentralized insurance platform would widen up the market and allow entry for more users to purchase policies customized according to their needs. Through our dApp, we aim to provide more liberty and options to our users while also ensuring it remains user friendly.
CoverCompared is the First DeFi insurance marketplace for the global crypto ecosystem. We aim to lower transactional and administrative costs of insurance policies and coverage while providing high-value, cost-effective insurance products bought using a host of cryptocurrencies.
Our platform will be connecting users with multinational insurance providers for all global insurance products such as crypto-related protection, health, life, and travel policies. The platform will include a frictionless insurance marketplace experience that incorporates next-generation blockchain technology and tokenized incentives.