CoverCompared partners with Escrow Protocol
We are happy to welcome Escrow Protocol onboard. Investors will now have access to our platform where they can insure their escrow funds at affordable rates. Escrow Protocol is primarily a blockchain-based Web3 oracle platform where investors can fund start-ups with extended control of their financial contributions.
Relying on blockchain technology to ensure transparency of fundraisers, Escrow Protocol puts funds into escrow and releases payouts for pre-determined project developments. While funds are held in Escrow, waiting for payout, Escrow Protocol allocates investment funds to stablecoin Yield-Farming Protocols. Their investment model allows investors to gain exposure in start-up projects while receiving interest payments on allocated funds.
CoverCompared x Escrow Protocol
Thanks to this partnership, CoverCompared users will gain access to Escrow Protocol’s marketplace where they can participate in fundraising events for start-ups and receive interest payments while investing in promising businesses.
In addition to receiving interest payments, investors can also vote to block further funding releases if project development is not satisfactory. Other voting rights are given to investors, such as increasing funding for promising projects and setting new milestones, giving better control to investors over the utilization of their funds.
Simultaneously, the Escrow Protocol community will get access to the CoverCompared platform where they can insure their escrow funds. Expanding our product range, the Escrow Protocol partnership is exciting news for users who seek new investment methods to diversify their portfolios.
By enabling gasless policy purchasing, our platform has been steadily and rapidly growing. CoverCompared platform is at their users’ service with a wide variety of insurance policies, available for unmatched prices. They can avail a discount of 25% when purchasing with CVR, our native token.
We constantly look for partnerships that will be beneficial for our users and by joining forces with innovative businesses operating in different fields, we aim to provide our users with a wide product range.
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.
About Escrow Protocol
Escrow Protocol is a decentralized trust fund that combines traditional crowdfunding with Blockchain technology and easy-to-engage smart contracts. The Blockchain-based Web3 Oracle platform guarantees transparency of DeFi fundraising events. The platform leverages financial security in managing DeFi funds, through providing Smart Contracts with to-be respected agreements for the investment process on multiple levels of governance.