InsuranceFi

Introduction

The idea of a stable and safe profitable financial protocol for investors:

• InsuranceFi needed to build a protocol with attractive enough returns while giving investors a sense of security and confidence while investing, giving our investors a chance to win no matter how the market evolves.

• Borrowing ideas from real-life insurance companies, the name & concept of InsuranceFi was born as a combination of insurance and finance.

• InsuranceFi provides users with a decentralized sustainable staking platform with financial instruments to protect their investments through the use of InsuranceFi Protocol (IFP for short).

• IFP is the first financial protocol that protects investors' interests while still making maximum effective returns of 1200% APR.

InsuranceFi Protocol Key Features

• Sustainable Staking Protocol: There will be 6 staking pools from short-term (15 days) to long-term (360 days) with attractive APR. Revenue from $IF trading volume will be distributed for stakers.

• Insurance Contract - Invest With Confidence: IFP gives users the option to purchase an insurance plan. In case the user loses from the investment due to token price or market fluctuations, IFP will compensate from greater to entire of the user's loss.

• Low Tax Trading: InsuranceFi applies a low trading fee of 5% for buy and 5% for sell to encourage trading volume for $IF, thereby adding solvency to the insurance fund and giving investors a better APR.

• Referral Program: The feature is under development and promises to bring stability to the InsuranceFi ecosystem.

• Infinity-Chain: a separate POS blockchain for the insurance industry, allows real-life insurance company developers to access smart contracts and develop their DApps. Electronic contracts will be replaced by smart contracts.

How Does The Staking & Insurance Protocol Work?

The Buy-Sign-Earn function, a straightforward yet innovative element of the IFP, offers $IF holders an automatic daily income with the peace of mind that their investment is protected by the protocol.

Buy $IF Tokens, put it in InsuranceFi Vault, sign the insurance contract, sit back, relax and enjoy daily interest. All risks with your investment are now protected by the insurance contract with the protocol.

Investors can purchase the Insurance Contract or not. It is not required to take part in the protocol. But please note that to protect the stability of the protocol, the number of insurance contract is limited.

Overview

Everyone gains financially during a bull market, but as you are aware, it might stop at any time. In a bear market, making money is good, but better keep it safe. InsuranceFi saves your fund and gives you passive income. When you stake IF tokens to profit from the BUSD vault, there is a risk that the price of IF tokens will decrease causing your investment to decrease in value. The insurance contract will help you cover this reduced value, thereby helping you to limit your losses and be more secure when participating in the BUSD staking vault. Then you can receive passive income sustainable by BUSD and rest assured to do other things when your deposit has been supported by the insurance contract to prevent risks.

How does it work?

When you choose staking, you will choose the lock time to deposit the $IF token. Each different lock period will have a different corresponding APR, and you can choose to sign or not to sign an insurance contract. Cost of the Insurance Contract will be started from 10% of the total IF staking amount and increase if the lock time is longer. Please note that Insurance Contract cost can be changed from time to time based on the calculation of the protocol. The fee of the insurance package will be collected in IF tokens. After participating in the protocol, you will receive daily USD income. There will be a fixed price when you start staking, called the deposit price, which will be calculated on the IF/ETH pair. Suppose after the due date withdraw the staking package and the IF/ETH price is decreased by 10% then the protocol calculates the corresponding loss of the token to be 10% and compensates 110% of the IF token amount

For example:

• You deposit 1000 Tokens IF to the InsuranceFi Vault

• IF/ETH is 10% off the deposit price

• You lose 10%, the protocol calculates 10% of 1000 IF tokens, which is 100 IF, and compensates 110% of these 100 IF, which is 110 IF

• You can withdraw fully 1000 IF tokens and claim another 110 IF tokens from the Insurance Fund. Total 1110 IF.

Insurance Fund

The insurance fund is used to compensate for the losses of investors who deposit into the InsuranceFi Vault. The fund not only receives from the fee of the insurance plan, but is also filled by a variety of sources, to ensure that the fund is sufficient to compensate investors.

Insurance Contract Fee

The insurance contract fee is the cost of buying an insurance plan (a.k.a sign insurance contract) when an investor participates in staking in the InsuranceFi Vault, the initial cost is set at 10% of the total IF amount deposited and may change depending on the time and according to the protocol's calculation.

Tax From Trading Volume

1% from buying tax and 1% from selling tax will be transferred to the Insurance Fund

20% of The IF Tokens in The Total Supply

There will be a total of 20% of The IF tokens in the total supply being vested to ensure that the insurance fund is always enough to compensate users.

Insurance Liquidation

At each time there will be an increase in the price causing the insurance contract to be liquidated. The protocol is calculating by default the price increase leading to contract liquidation is 50%. I.E. if you sign an insurance contract and deposit at price IF/BNB = A, and after IF/BNB goes up at 1.5A, your insurance contract will be liquidated and your staking plan will not be insured anymore, but you can completely early unlock the staking package and take profits, this ensures the insurance fund is always filled. Thus, profitable investors will also pay a portion of the deduction to the insurance fund, helping users who lost to be better protected.

Early Unlock Fee

If you unstake earlier than the lock time of the staking package, you will lose 10% of the original IF stake, and if you choose the insurance package, it will not be effective when you unstake. Thus, the penalty fee for early unlocking and the liquidation insurance package will enrich the Insurance Fund and increase the level of protection for investors who remain with the project.

What is InsuranceFi Vault?

You deposit an amount of IF token and choose a lockup period. Each lockup period will correspond to a different APR, and the longer you lock, the higher your APR will be.

After deposited your IF token to the Vault, you will daily receive BUSD reward from 2% trading volume (2% from Buy Tax and 2% from Sell Tax)

BUSD rewards are calculated based on your percentage of the overall IF staked in the Vault, this percentage gives you proportional access to the funds accumulated from the BUSD Vault collected from the 2% IF trading volume, accumulated from the buy & sell tax.

You can early unlock but it will be charged a 10% penalty of the total IF deposited amount and the Insurance Contract (if you signed) lapses.

InsuranceFi Vault helps the system grow in the long run

How does InsuranceFi Vault play an important part in keeping IF value sustainable in the long run?

The more IF tokens are locked into the Vault, the fewer IF tokens will be outside the market. Token price is based on supply /demand, so staking in the Vault will reduce IF token supply in circulation and increase IF token demand as new investors want to join the project, this will help IF token price to grow in the long run.

Tokenomics $IF Tokenomics

$IF Trading Tax

Buy Fee: 5%

• Insurance Fund : 1%

• Marketing & Developement: 2%

• ETH-USD Vault: 2%

Sell Fee: 5%

• Insurance Fund : 1%

• Marketing & Developement: 2%

• ETH-USD Vault: 2%

Referral Program

1. Each staker will be able to access the referral feature and receive a referral link/referral ID/QR code to invite their friends to join.

2. There will be a maximum of 5 levels of referral with the different commissions. You can invite your friends using the referral link, the referral ID, or by sharing your QR Code

3. Once invitees successfully withdraw their rewards from InsuranceFi Vault, referral commissions are calculated in real-time and transferred to the respective accounts daily

4. Users can check the details of your referrals by navigating through the sections of the Referral page. Users can quickly access them using the top menu in the InsuranceFi DApp.