SafeInsure is a decentralized democratic insurance market place that gives consumers access to low-cost insurance policies. Having insurance policies on the blockchain ensures that consumers get affordable policies by eliminating middlemen and reducing various risks and liabilities associated with insurance. It also reduces backlog by ensuring there no delays in settling claims.
SafeInsure is modular, ensuring that you only pay what you need to pay without hidden expenses. It is personalizedShow more [+] lowing consumers to connect directly to insurance providers and uses masternodes to secure the network eliminating fraud, lowering risks and liabilities and thus lowering premiums.
SafeInsure's native currency is the SINS coin. SINS was premined, but it is not mineable now. It uses the Quark algorithm and Proof-of-Stake (PoS) proof and masternodes to secure its network. Masternodes operators receive rewards commensurate to their collateral. Masternodes are essentially collateralized nodes that add privacy layers to the network, increase transaction speeds and gives the owners governance rights to determine the future of the platform. The coin has a total supply of 21 million coins, with 60 seconds blocktime and a block reward of 3 SINS. SafeInsure comes with its official wallet available in various versions. The coin is listed for trading on several exchanges including CryptoBridge, Cryptopia and Crex.