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inSure DeFiinSure DeFiby0x4a30e80E9111CDacE350Fa72D011967ba9514b6B0x4a30…4b6B

Insurance Claim #QmYuEL6 - Follow up

Voting ended over 4 years agoSucceeded

[SUMMARY] The insurance policy becomes effective on the 7th day of placing SURE tokens in the private wallet. Based on the insurance claim, the policy was bought on April 12th, 2021. I.e. insurance policy becomes effective April 19th, 2021.

The price per Gen Shards was an average of $1.44 on April 19th, 2021 (Can be checked on CoinMarketCap: https://coinmarketcap.com/currencies/genesis-shards/)

The current price per Gen Shards: $0.1079

Devaluation: 92.50% < 95% requirement

The % calculation can be checked by using this tool: https://percentagecalculator.net/

[RESOLUTION]: Gen Shards tokens owned by the member have not devaluated more than 95% yet.

It is a very high probability case that the tokens will devaluate over 95%.

Once the tokens devaluate over 95%, the policyholder will receive 1250*$1.44=$1800 in SURE tokens.

(The calculation is based on the insurance policy enablement date - April 19th, 2021)

A new insurance claim will need to be filed when the token price will lose 95% of the coverage start date. As a follow-up to this one, please add a reference to the IPFS # of this ticket.

[Message to the policy holder]: Please be prepared to transfer the devaluated tokens to our community wallet. Instructions will be provided in the response to your follow-up insurance claim.

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Timeline

Jun 26, 2021Proposal created
Jun 26, 2021Proposal vote started
Jun 30, 2021Proposal vote ended
Oct 26, 2023Proposal updated