Crypto market have gone through lots and lots of hacks and scam over the past years. There are few hacks that have shook the crypto market down to its very core. Even the top most exchange that handled 70% of the world’s bitcoin exchanges have faced most unexpected hack. Yet the hack did not stop there, about 120,000 BTC which was worth $72 million was stolen in August 2016. The hack continued all over the world from small volume exchanges to huge volume exchanges. South Korea have faced $30 million worth of hack in cryptocurrency in 2018. Exchange in India was hacked and over 440 BTC was hacked back in early 2018. Users will not get back their lost cryptocurrency. To give solutions to all these problems, INZURA is developed and tested with the best in class protocol for insurance specially designed with cryptocurrency in mind. Inzura is the next revolutionary project in the crypto space. Inzura is an insurance token that allows users to claim their loss of cryptocurrency.
Whitepaper: Click here
Crypto has become more familiar in recent years. However, as investment destination of asset management still, we can not deposit with confidence. The point that the crypto is inferior to other financial products is that the guarantee aspect to the user is weak. This project understands that very well.
The product doesn’t clarify well enough how it will be able to detect scammers which could put the entire insurance organization at risk. MVP should be formed asap.
Social Activity: 4.5
The activity is quite good and excellent actually, publications and updates are made almost daily on channels. However team need to get more people on social channels to get best out of the product.