[inSure DeFi] - [Insurance Claim] - [PULSEX] Drastic Devaluation

Eligibility criteria for Insure Defi

The project PULSEX has its own fungible token (PLSX) that is listed and tracked on CoinMarketCap and Coingecko:

https://coinmarketcap.com/currencies/pulsex/

https://www.coingecko.com/en/coins/pulsex#markets

The token of the project is listed on 2 Centralised Exchanges. Safe Trade and Kanga.

https://coinmarketcap.com/currencies/pulsex/

https://www.coingecko.com/en/coins/pulsex#markets

2.wallet:0xd98AE935Dcf652d832a965282075A33aFBcD314f

3. Date of the incident: Aug 1st, 2023. Pulse X token price was fallen more than 98% from my purchase price due to SEC Regulations for security rumors.

Contact email: eswar67@gmail.com Telegram: @eswar67

Drastic Devaluations - Crypto assets that lose more than 98% of the initial invested $ amount.

Initial invested $ amount: $108000 Price (PLSX)

Current invested $ amount: $1890, Price (PLSX) $ 0.00001646

Transactions: https://scan.pulsechain.com/tx/0x4d47663956c76f60af4c08f62a5968db5b9f4ef3157e6b2890d5a0416e669055

Policy enabled on Dec 13th, 2022

Current Insured Value $66354.4

I ask the community to vote for the reimbursement of $66354 worth of SURE, as this claim meets all the eligibility criteria for Insure Defi.

Devaluation is by definition a reduction of a value (https://www.dictionary.com/browse/devaluation), as a consequence there is a loss of the initial investment. The criteria on the InsureDefi web is very clear, devaluation of 98% is covered. PULSEX suffered drastic devaluation due to SEC Security concerns, it's devalued because it has a reduction of 98% of its value, thus, it meets this criteria along with the other required criteria so please cover it under insurance policy.

inSure #DeFi Community believes that the #DAO approach of transparency and trust is the right path to the democratization of the financial system.