Proposal to Whitelist DIP

Contract Address: 0xc719d010b63e5bbf2c0551872cd5316ed26acd83

Website: https://etherisc.com/

Github: Etherisc · GitHub

TLDR; Decentralized insurance protocol to collectively build insurance products.

Discussion

Etherisc is building a platform for decentralized insurance applications. With visionaries
like you, we can create a platform full of opportunities across the industry’s value chain.
Corporates, large and small, not-for-profit groups and insurtech startups can all come
together to provide better products and services. We aim to use blockchain technology
to help make the purchase and sale of insurance more efficient, enable lower
operational costs, provide greater transparency into the industry and democratize
access to reinsurance investments.

More specific, blockchain can help to solve four main problems which pile up costs in
traditional insurance companies:

  1. Coordination (“managerial”) costs.
  2. Conflict of interest between customers and company.
  3. Information asymmetry between customers and company.
  4. Access to risk pools

Token

Etherisc will build an economic space for decentralized insurance
The space will have a broad set of participants, customers, service providers, risk
carriers, etc., the goal is to incentivize these participants to cooperate and
behave well, and in line with the interests of the whole space.

Designed the protocol tokens to bind participants to the platform
and to assure the quality of the provided services. We are effectively implementing what
is known as “Staking”, focusing on the specifics of the risk transfer.

Even with this staking, Bancor is attractive.

The team/community is active in Telegram with over 3,000 members: Telegram: Contact @etherisc_community

Generic Insurance Framework (GIF) Tutorial: https://blog.etherisc.com/gif-tutorial-part-1-dc595057c1b9

Decentralized Insurance: Quantifying Risk for The Immutable: Decentralized Insurance: Quantifying Risk for The Immutable - YouTube

Inclusive Insurance in Sri Lanka: https://blog.etherisc.com/etherisc-aon-and-oxfam-in-sri-lanka-on-a-mission-to-expand-inclusive-insurance-in-sri-lanka-696b51c98d9b

Mentioned in an article by Adelyn Zhou, CMO of Chainlink Labs: https://www.nasdaq.com/articles/how-blockchain-smart-contracts-are-reinventing-the-insurance-industry-2021-01-29

Etherisc was founded in 2016, and in the past four years they’ve spent a lot of time exploring the regulatory frameworks for blockchain based insurance.

MarketData

Etherisc DIP Token Price and Market Stats

|DIP Price|$0.294873|

|Etherisc DIP Token ROI|-24.6%|
|Market Cap|$53,402,609|
|Market Cap Dominance|0.00%|
|Trading Volume|$1,822,190|
|Volume / Market Cap|0.0344|
|24h Low / 24h High|$0.294856 / $0.355095|
|7d Low / 7d High|$0.251815 / $0.324772|
|Market Cap Rank|#379|
|All-Time High|$0.424327 -26.8%
Feb 05, 2021 (14 days)
|All-Time Low|$0.00226715 13596.1%
Jul 11, 2020 (7 months)

Etherisc DIP Token Supply|Circulating Supply|175,510,489 DIP|
|Total Supply|1,000,000,000 DIP|
|Max Supply|1,000,000,000 DIP|

9 Likes

TL;DR
Will vote yes for DIP

1 Like

Will definitely be voting yes. Great & exciting project bringing real-world use cases to the blockchain.

2 Likes