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What is PolkaInsure Finance?

A new peer-to-peer insurance marketplace is being developed within the Polkadot ecosystem, entirely managed by participants in decentralized finance (DeFi). As users join this marketplace, they will be awarded the PIS governance token, which plays a crucial role in the platform's operations. In this groundbreaking model, anyone can apply for insurance while others have the option to provide coverage. The intention is to migrate Polkainsure to a specialized Polkadot parachain once product development is finalized. For now, the PIS token is issued on Ethereum to cater to high trading activity. Users can secure coverage via PolkaInsure without the need for KYC verification, thus promoting wider accessibility. All smart contracts related to PolkaInsure will undergo meticulous audits and will be deployed and verified on the Polkadot blockchain, ensuring their dependability. The claims process is driven by smart contract code, enabling instant payouts and confirming that all insurance agreements are fully collateralized. The platform will integrate seamlessly with assets like DOT and ERC-20 tokens, as well as crucial infrastructure services including Chainlink and TheGraph. We have recently introduced our products on the Moonbeam testnet, which operates as the smart contract parachain within the Polkadot Network, marking a pivotal achievement as we launch Shield Mining in this ecosystem. This initiative is expected to significantly alter the landscape of how insurance is conducted within the realm of decentralized finance, paving the way for unprecedented innovations. As we progress, we aim to enhance user experience and trust in DeFi insurance solutions.

What is Astar Network?

Astar Network acts as a strong and versatile foundation specifically designed for applications within the realm of Web3.0. Built on Parity’s Substrate framework, it has the capability to transition into a Polkadot parachain while also serving as a proficient smart contract platform. A noteworthy aspect is that the Polkadot Relaychain is purposefully constructed without smart contract support, allowing Astar to fill this gap effectively. For developers focused on decentralized applications (dApps), scalability is a primary concern, enabling the creation of a wide variety of applications on Astar Network without the lingering worry of scalability issues. As an open-source project, Astar Network offers countless opportunities for individuals to engage with its ecosystem, inviting contributions from anyone keen on enhancing its features. The goal of Astar Network is to provide a decentralized application platform that is not only scalable and interoperable but also plays a crucial role in shaping the forthcoming landscape of the internet, referred to as Web3.0. Through its community-driven approach, the initiative cultivates an environment rich in innovation and collaboration, fostering a vibrant network of developers and users who are eager to explore new possibilities together. This collaborative spirit ensures that Astar Network remains at the forefront of technological advancements in the decentralized space.

Media

Media

Integrations Supported

Ethereum
Polkadot
Telegram
Chainlink
MetaMask
WalletConnect

Integrations Supported

Ethereum
Polkadot
Telegram
Blast
Blockdaemon
Crypto Backoffice
DEX Screener
Dwellir
InfStones
Kryptos
Kwikswap
Oasys
OnFinality
Tres Finance

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS
Android
iPhone
iPad

Supported Platforms

SaaS
Android
iPhone
iPad

Customer Service / Support

Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub

Training Options

Documentation Hub

Company Facts

Organization Name

PolkaInsure

Date Founded

2020

Company Website

polkainsure.finance/

Company Facts

Organization Name

Astar

Date Founded

2019

Company Website

docs.astar.network/

Categories and Features

DApps

Not specified

DeFi Projects

Not specified

Categories and Features

Blockchain

Not specified

Layer 2 Protocols

Not specified

Web3

Not specified

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