Sirlibz
Nsure Network has announced the launch of staking as an underwriter program and it is expected to go live on 18th of November.
The Mainnet launch will allow the system to incentivize underwriters with part of the premiums paid from policy buyers that are connected to the product one has decided to obtain exposure to i.e. staking NSURE tokens in exchange for a share of future earnings sourced from premiums, they are either paid in ETH or stable coins.
Underwriter insurance plays a very important role in the NSURE ecosystem, this is seen in the NSURE whitepaper and many different media outreaches.
The platform has decided to start providing a real time stimulation of risk exposure as an underwriter even before the Mainnet launch. Participants will be able to earn premiums in real time, based on their performance and capabilities of building up a strategy as risk takers. Part of the stimulation aspect would be educating their community and users to familiarize themselves with concepts that retail insurance clients had no access to until now, they plan to pay out NSURE tokens as a means of incentivizing them.
The program will enable users to become exposed to the movement of capital demand and supply as these movements impact the equilibrium price of the stimulation. After this education is given, users are expected to obtain knowledge and get familiar with the Dynamic Pricing Model, and to develop a better strategy of underwriting, competing against other participants for more rewards.
THE REWARD SYSTEM
Only 5,760 tokens will be generated daily and each Ethereum blockchain produced, 1 NSURE token will be distributed proportionally to all tokens staked.
The average annual yield at a 10% staked / circulating supply (5.7m Nsure) ratio is about 371% APY.
Here is a GitHub guide on how to use the Underwriter Program https://docs.nsure.network/nsure-network/nsure-underwriter-program/guidelines
