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inSure DeFiinSure DeFiby0x4a30e80E9111CDacE350Fa72D011967ba9514b6B0x4a30…4b6B

[InSurance Claim] - Approval Request

Voting ended almost 5 years agoSucceeded

[Required Information]:

  1. Name of the crypto coin/token: PAID NETWORK

  2. Affected wallet address (holds affected tokens): 0xDaaE758A8a60E97f1ccb14CCAFfE487aCD31d0B9

  3. Date of the incident: 05/03/2021

  4. Wallet address that holds SURE tokens: 0xDaaE758A8a60E97f1ccb14CCAFfE487aCD31d0B9

[Resolution]: The price was ~$3.15 per PAID when inSurance plan was purchased. PAID value has devalued to ~$0.15 The exploit is publicly verifiable and price devaluation can be checked on CMC: https://coinmarketcap.com/currencies/paid-network/

The decision has been made to proceed with approval of the request and pay: 389.20*3.15=$1225.98 in SURE tokens I.e. based on the current market price per SURE $0.003859 the requester will receive: 1225.98/0.003859= 318105.864 SURE

This is the case of the drastic devaluation, we will ask the requester to send the PAID tokens to our platform wallet: 0xdaff4fc739b10ee424093851f98ccc6344883a97. (Please check FAQ on https://insuretoken.net/whitepaper.html)

Once the devaluated tokens are transferred and this insurance claim approved by inSure DAO, 318105.864 SURE tokens will be transferred to the requester's wallet specified in the request above.

Off-Chain Vote

Approve
357.82M 47.2%
Reject
400M 52.8%
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Timeline

Mar 06, 2021Proposal created
Mar 06, 2021Proposal vote started
Mar 08, 2021Proposal vote ended
Oct 26, 2023Proposal updated