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Nsure.Network is a pioneering project designed to overhaul the traditional insurance paradigm. The project draws its inspiration from Lloyd’s of London, a historic marketplace known for trading insurance risks. At the heart of Nsure.Network is the Dynamic Pricing Model, a groundbreaking approach that adjusts premiums based on the real-time supply and demand for capital across the platform. This innovative mechanism ensures that insurance prices remain stable, fostering a more adaptable and responsive pricing structure.
The core mission of Nsure.Network is to eliminate the reliance on conventional insurance providers. It empowers individuals to take on insurance risks while also benefiting from the profits that arise from these risks. By utilizing a network of trusted oracles, the platform employs smart contracts that manage claim settlements efficiently. Additionally, the project features a capital mining mechanism that guarantees sufficient backing for insurance risks at any time.