[Current Eligibility Criteria] - Proposal to discuss the potential updates

Our community previously has set the eligibility criteria so our members can protect themselves from potential scams and loss of funds.

With the recent developments in crypto, would like to open a discussion if any changes are needed to add/remove/amend any eligibility criteria.

Currently what we have can be viewed on our website: https://insuretoken.net/plans.html (Under each category)

Copy of the Eligibility Criteria by Categories:

I. [Scams - Claim Eligibility Criteria]

Scams - all the types of scams that can be publicly proven that the member can't retrieve the funds back. For example, depositing to the exchange your crypto funds and CEX never responds to you on what happened with your deposit. Withdrawal from CEXs etc. (Publicly verifiable information). Swapping/buying from the wrong SC or sending to the "instant reward wallets" are not covered.

[The Swap, Liquidity Pool, Lending, Borrowing, Yield Farming, Defi, NFT, Metaverse and other projects must have]:

• The project must have its own fungible token that is listed and tracked on CoinMarketCap and Coingecko (SC audit links must be specified on the page).

• Token of the project must be listed on at least 2 Centralised Exchanges.

• No Ponzi scheme projects are covered. • Projects with more than 100% APY (Annual percentage yield) are not covered.

[Claim eligibility criteria for the funds on CEXs or DEXs]: • CEXs and DEXs where the funds were deposited must have tracked listing on both CoinMarketCap and Coingecko (Tracked volume of at least 50 trading pairs)

• CEXs and DEXs must have their own token/coin that is listed on at least other 2 Centralized Exchanges.

The insurance will be covering any crypto funds owned by the same wallet, crypto funds ownership, and SURE wallet ownership has to be proven before the request can be processed and the insurance claim fulfilled. I.e. let's say you owned N amount of XYZ crypto and crypto lost its value you will have to prove the ownership of devaluated token/coin (signing the message from the wallet that holds XYZ or if it is on the exchange by sending XYZ funds from the exchange) I.e. we have the process to verify the ownership of the funds hence even if you hold funds in another wallet the insurance plan will cover all the eligible crypto assets in the amount based on the chosen plan.

The token/coins must be trading on multiple CEXs (2+) and available on Coingecko and Coinmarketcap to be eligible for insurance claims.

Meme and Ponzi scheme projects are not covered by inSure DeFi community.

II. [Drastic Devaluations - Claim Eligibility Criteria]

Drastic Devaluations - Crypto assets that lose more than 98% of the initial invested $ amount. In order to get the reimbursement based on the chosen plan, inSure DeFi community will ask the policyholder to send devaluated tokens/coins to the community-controlled vault.

[The Swap, Liquidity Pool, Lending, Borrowing, Yield Farming, Defi, NFT, Metaverse, and other projects must have]:

• The project must have its own fungible token that is listed and tracked on CoinMarketCap and Coingecko (SC audit links must be specified on the page).

• Token of the project must be listed on at least 2 Centralised Exchanges.

• No Ponzi scheme projects are covered. • Projects with more than 100% APY (Annual percentage yield) are not covered.

[Claim eligibility criteria for the funds on CEXs or DEXs]: • CEXs and DEXs where the funds were deposited must have tracked listing on both CoinMarketCap and Coingecko (Tracked volume of at least 50 trading pairs)

• CEXs and DEXs must have their own token/coin that is listed on at least other 2 Centralized Exchanges.

The insurance will be covering any crypto funds owned by the same wallet, crypto funds ownership, and SURE wallet ownership has to be proven before the request can be processed and the insurance claim fulfilled. I.e. let's say you owned N amount of XYZ crypto and crypto lost its value you will have to prove the ownership of devaluated token/coin (signing the message from the wallet that holds XYZ or if it is on the exchange by sending XYZ funds from the exchange) I.e. we have the process to verify the ownership of the funds hence even if you hold funds in another wallet the insurance plan will cover all the eligible crypto assets in the amount based on the chosen plan.

The token/coins must be trading on multiple CEXs (2+) and available on Coingecko and Coinmarketcap to be eligible for insurance claims.

Meme and Ponzi scheme projects are not covered by inSure DeFi community.

III. [Stolen Funds - Claim Eligibility Criteria]

Stolen Funds - inSure DeFi Community's plans cover the funds that are held by the custodians/exchanges. If exchanges are closed (publicly verified information) then the claim will be fulfilled in the amount based on the policy holder's plan.

[The Swap, Liquidity Pool, Lending, Borrowing, Yield Farming, Defi, NFT, Metaverse, and other projects must have]:

• The project must have its own fungible token that is listed and tracked on CoinMarketCap and Coingecko (SC audit links must be specified on the page).

• Token of the project must be listed on at least 2 Centralised Exchanges.

• No Ponzi scheme projects are covered. • Projects with more than 100% APY (Annual percentage yield) are not covered.

[Claim eligibility criteria for the funds on CEXs or DEXs]: • CEXs and DEXs where the funds were deposited must have tracked listing on both CoinMarketCap and Coingecko (Tracked volume of at least 50 trading pairs)

• CEXs and DEXs must have their own token/coin that is listed on at least other 2 Centralized Exchanges.

The insurance will be covering any crypto funds owned by the same wallet, crypto funds ownership, and SURE wallet ownership have to be proven before the request can be processed and the insurance claim fulfilled. I.e. let's say you owned N amount of XYZ crypto and crypto lost its value you will have to prove the ownership of devaluated token/coin (signing the message from the wallet that holds XYZ or if it is on the exchange by sending XYZ funds from the exchange) I.e. we have the process to verify the ownership of the funds hence even if you hold funds in another wallet the insurance plan will cover all the eligible crypto assets in the amount based on the chosen plan.

The token/coins must be trading on multiple CEXs (2+) and available on Coingecko and Coinmarketcap to be eligible for insurance claims.

Meme and Ponzi scheme projects are not covered by inSure DeFi community.

[Additionally, we have clarification on our FAQ Section: https://insuretoken.net/whitepaper.html#faq ]

Insurance coverage becomes active on the 7th day of contributing SURE tokens to the Community Vault/s from the Dashboard. The new digital assets added after enabling the plan must follow the same rule of 7 days before the insurance plan will be covering those assets. I.e. previous losses are not covered if the insurance plan wasn't enabled before the incident.

[The Swap, Liquidity Pool, Lending, Borrowing, Yield Farming, Defi, NFT, Metaverse, and other projects must have]:

• The project must have its own fungible token that is listed and tracked on CoinMarketCap and Coingecko (SC audit links must be specified on the page).

• Token of the project must be listed on at least 2 Centralised Exchanges.

• No Ponzi scheme projects are covered. • Projects with more than 100% APY (Annual percentage yield) are not covered.

[Claim eligibility criteria for the funds on CEXs or DEXs]: • CEXs and DEXs where the funds were deposited must have tracked listing on both CoinMarketCap and Coingecko (Tracked volume of at least 50 trading pairs)

• CEXs and DEXs must have their own token/coin that is listed on at least other 2 Centralized Exchanges.

The insurance will be covering any crypto funds owned by the same wallet, crypto funds ownership, and SURE wallet ownership has to be proven before the request can be processed and the insurance claim fulfilled. I.e. let's say you owned N amount of XYZ crypto and crypto lost its value you will have to prove the ownership of devaluated token/coin (signing the message from the wallet that holds XYZ or if it is on the exchange by sending XYZ funds from the exchange) I.e. we have the process to verify the ownership of the funds hence even if you hold funds in another wallet the insurance plan will cover all the crypto assets in the amount insured based on the chosen plan. The token/coins must be trading on multiple CEXs (2+) and available on Coingecko and Coinmarketcap to be eligible for insurance claims.

Meme and Ponzi scheme projects are not covered by inSure DeFi community.