Ascent Insure Token metrics
Total supply: 30,000,000 ASCENT
— Capital/Insurance Mining: 55%
- Team: 5%
Locked for 6 months, further releasing 25% every 6 months (>2 year total vesting period).
— Foundation Reserve: 7%
Foundation reserves are split in equal parts, 5% dedicated to nurture and build the Ascent Ecosystem, while 5% will be intended for participants of the AscentDAO to vote on.
- Marketing & Operations:6% (Airdrop, Cex Market Making etc.)
20% release after TGE. Followed by 20% release every 6 months in 2 years.
— Crowdsale: 27%
It will begin at the end of june, will be used as token liquidity
About Us:
Ascent Insure is an open insurance platform for Open Finance (DeFi). The project is inspired by Lloyd’s London, a market place to trade insurance risks, where premiums are determined by a dynamic pricing model. Capital mining will be implemented to secure capital required to back the risks at any point of time.
There are three main aspects of participation in the ecosystem for token holders -
Open market to trade risk
Ascent Insure tokens can be used to stake on the risks that Insure token holders feel comfortable with. Insurance premiums are paid daily, and Ascent Insure token holders benefit from the system and leverage provided.
Capital mining
By providing capital to the Insure Network, Insure tokens are minted and issued to the capital providers. Token holders can 1) stake on the projects and earn premiums; 2) hold to enjoy the benefit from the growth of the system; 3) sell in the market to realize profit.
Dynamic Pricing & Capital Management
Pricing is determined by real-time supply and demand. The capital model is used to ensure claims will be paid and that systematic risk is under control.
If you would like to read more about out mission, vision and values:
Website: https://ascent.insure/
Whitepaper: https://ascent.insure/whitepaper
Roadmap: https://ascent.insure/#roadmap
Medium: https://ascentinsure.medium.com/
Youtube Channel: https://www.youtube.com/channel/UCLlHAapD85ZLdzdb91TOarA
Or follow our latest moves on:
GitHub: https://github.com/AscentInsure
Telegram: https://t.me/AscentInsure
Official Twitter: https://twitter.com/AscentInsurance
For private inquiries or collaborations, please DM any of our admins or contact: info@ascent.insure
