It gives us great pleasure to announce that we are joining hands with SupraOracles- a decentralized oracle solution designed for a multi-chain world, offering near-instant data availability.
Oracles give access to a live feed of information that is not available on the blockchain. They verify and then relay critical on-chain data to the smart contract, allowing blockchain protocols to improve their platforms and adjust their pricing more accurately.
CoverCompared x SupraOracles
Oracles are important for blockchains to move forward and get better overall. The ability to get off-chain and cross-chain data that is fast, secure, and scalable is essential to blockchain platforms to unlock their full potential.
Striving to become an insurance marketplace delivering the best possible service, we are more than delighted to be exploring the opportunities our collaboration has to offer.
By joining forces with SupraOracles, we will be providing easier access to our community to purchase varied insurance policies that are available on our platform & are looking into potentially attaining data of our off-chain insurance partners using SupraOracle’s off-chain data services.
With the help of SupraOracles, we will be able to adjust insurance policy prices more accurately, so that our users can make sure they are getting the best offer they can get.
Additionally, SupraOracles users will have access to our vast insurance marketplace where they can purchase insurance policies at unmatched rates using crypto. The first-ever insurance marketplace to remove gas fees, CoverCompared offers insurance coverage for crypto-assets, travel, electronic devices, and more.
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.
SupraOracles strives to bridge the gap between traditional capital markets and the Web3 ecosystem. Their vision and driving mission is to empower the developer community with a novel oracle toolset so that they may conveniently create, deploy, and manage data applications with superior performance, robustness, and agility.