Follow-up: [inSure DeFi] - [Insurance Claim] - [PULSEX] Drastic Devaluation

The eligibility criteria have been created, updated, and transparently voted on by the community members so all the members can learn from them. If criteria are followed, the members will most probably avoid unnecessary risks and protect themselves from scams, hacks, or devaluations.

The eligibility criteria must be followed fully in order for the project to be covered by inSure DeFi Community's plans.

The audit link/s of the token must be present on the CMC page of the token:

PULSEX's smart contract is not audited and the link/s is/are not present on the CMC page, this can be verified here: https://coinmarketcap.com/currencies/pulsex/

In addition to that, the member acquired PLSX tokens on the 11th of May 2023 (during the mint) which means that the price of the asset is taken on the 7th day, i.e. 18th of May. (https://insuretoken.net/whitepaper.html#faq)

The first tracked price on CG for the 18th of May.

I.e. The coverage plan starts working on the token with the price ~0.00005735. Current price ~0.00001407 ~76% of the price drop from the covered price, which also doesn't meet the eligibility criteria.

This claim is not eligible due to the following:

1. PLSX project is not eligible in the first place, since the audit link of the smart contract is missing on the CMC page.
2. The devaluation is not >=98%

-------------Duplicate of the ticket below:

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.