UNLOCKING THE POLKACOVER SYSTEM: GUARANTEEING FULL INSURANCE OF CRYPTO INVESTMENTS

The rise in development of digital systems, devices and applications has been rapid over time. There is a need for insurance systems to aggregate valid information about the projects and individuals involved. This process is even more imperative than before.

The constant introduction of unvetted crypto assets into the ecosystem has posed security threats in the industry, and as such, security measures are required to meet the speed of this growth. Unfortunately, hackers have taken undue advantage of this ecosystem failure, which is why it is pertinent that a long-lasting solution be found.

Lack of adequate insurance policies in the cryptocurrency ecosystem has been due to inefficiencies of regular insurance companies to fully understand these digital ecosystems. This lack of understanding from the regular insurance companies has prevented them from entering the space and providing the much-needed insurance products to this ecosystem.

More reasons why the cryptocurrency industry experiences difficulty with most insurance systems are;

● Complexity of crypto insurance covers: With the wide range of assets in the market, it is really difficult to understand the technical set up of the cryptocurrency ecosystem, making It almost impossible for the masses to take on insurance covers.

● Inefficient insurance personnel: Another reason why crypto insurance is unable to thrive is lack of professional insurance personnel. This makes services slow as the very few capable hands are saddled with heavy workloads.

INTRODUCING POLKACOVER

Polkacover is a platform that has designed some decentralized sets of technologies through which insurance problems of the cryptocurrency ecosystem can be alleviated. These Platforms are intended to regulate the manner by which crypto insurance is administered in the ecosystem.

Polkacover will create a connection that will link insurance consumers to diverse insurance companies with a proper understanding of the global cryptocurrency ecosystem. In conjunction with the regular trading mediums, polkacover will harness the in-depth potentials of the crypto space to enable user’s maximum convenience.

WHY IS POLKACOVER BLOCKCHAIN RELEVANT?

From the inception of insurance, it has always been a physical activity which involves several third party interference to carry out transactions or insurance contracts. The quest to address these challenges encountered during the process of insurance contract and transactions has been the drive behind the adoption of the blockchain solutions, through its advanced technology which can render possible solutions to the problems posed by intermediaries.

A lot of traditional insurance companies have opted to invest in blockchain DApps as well as the smart contract solutions of the blockchain. Blockchains are trusted to provide data documentation without the risk of information being hacked, this simplifies interaction between consumers and producers of services as there is an adequate store of useful data.

As a solution to insurance systems that are not of the decentralized finance community, blockchain protocols can be designed to facilitate the activities of regular insurance companies through observing and meeting the needs of users.

WHAT MAKES POLKACOVER UNIQUE

Polkacover is set to aggregate past information as well as current market decisions, this will facilitate the services of insurance systems through proficient production.

Polkacover is designed as a compensation to users who have met unfavorable conditions in the cryptocurrency market or with exchanges.

Here are several other benefits of Polkacover provides its users:

● It Will Curb Insurance Fraud:

As opposed to the traditional insurance companies without any transparency in information documentation, the Polkacover platform with its data transparency will reduce the rate of fraudulent activities from insurance systems.

● Provide Easy Access to Users:

With insurance rates being easily obtainable and compared on the Polkacover platform, every individual, business or organization can now enjoy insurance solutions that are adequare for them.

● Borderless Transactions:

Crypto trading is widely known and practiced globally regardless of geographical location. Polkacover ensures that every individual enjoys insurance solutions from wherever they are located as the platform features borderless transactions seamlessly.

● Policy Claim Management:

By integrating the function of smart contracts and authentic data aggregation the platform allows seamless automation of policy claims, this as opposed to the regular insurance systems reduces time wasted in processing transactions.

● Fraud Detection And Risk Management:

As earlier identified, through blockchain documentation errors any form of fraudulent activity can be identified. Every business transaction and customer identity are initially identified by the decentralized digital storage using information already provided and documented. This way illicit businesses or individuals with negative motives can be identified and treated as should.

● Efficiency and automation:

The use of blockchain smart contracts makes payment from one end to the other easy, it also makes it easy to access the risk level of transactions as well as enhancing transaction processing, making the cost of activities relatively affordable.

Other benefits of the Polkacover platform includes;

● Borderless insurance services and payment varieties.

● Discounts and incentives on tokens purchased.

● Peer-2-peer insurance cover for developers.

● Full availability.

● Transparency of transactions

● Highly secured and private.

THE POLKACOVER TOKEN

$CVR is the native token of the polkacover platform. The network’s token covers the need for transactions, payment, incentivizing of users on the ecosystem. It is with this token that individuals purchase insurance covers, earn referral fees, users can claim payouts, quick claims of incentives and a whole lot more transactions or financial activities on the Polkacover platform. Additionally, users with the $CVR token can get discounts on the insurance products, whereas payments in other cryptocurrencies are at full price.

CONCLUSION

Polkacover is presenting users in the cryptocurrency ecosystem with a seamless insurance system which considers the future of blockchain technologies and gifts its users the CVR token as an incentive.

With the adoption of top-notch technical supports, the platform gives its users a refreshing cryptocurrency ecosystem asset insurance experience as well as safe, reliable and of course affordable services.

POLKACOVER
website: https://polkacover.com
telegram: https://t.me/polkacover
twitter: https://twitter.com/polkacover

EXO VENTURES
website: https://exo.ventures
telegram: https://t.me/ExoVenturesOfficial
twitter: https://twitter.com/Exo_Ventures