Insure With $GUARD
$GUARD Insurance Protocol
Our Insure with $GUARD protocol makes it easy for users to gain insurance in third party tokens by simply holding the $GUARD token. Yes, it's as simple as that. Users can insure third-party tokens against risks (team token dumps, exploits, rug pulls and more) by purchasing and holding $GUARD. The insured amount is based on the USD value of $GUARD at the time of purchase, and coverage is maintained as long as the user holds the $GUARD tokens. Insurance Structure for 'Insure With $GUARD'
Unlike our 'Insure with ETH/USDT' structure, the 'Insure with $GUARD' tokens is much simpler and based on a default 'FULL' coverage for projects, and if the project shows signs of being a scam, it is lowered to a 'PARTIAL' coverage. Those who insure themselves while the project is in 'FULL' coverage mode will remain fully covered, even if the project is changed to a 'PARTIAL' cover, and only new insurance takers will be under the 'PARTIAL' coverage.
Coverage
Risk Level
Payout
Full
Very Low Risk
100%
Partial
Slightly High Risk
70%
Example Coverage Scenarios
User buys $GUARD tokens (e.g., $1,000).
The insured value is fixed at the USD amount spent for purchase and does not matter if the price of $GUARD goes up to down. (In this case the user will always have $1,000 to insure himself on third party projects on our DAPP).
User enters Guardian Dapp and insures himself on a third party project called '$MEMECOIN' for $800 of the $1000 he has available.
User is now insured, it's as simple as that. If the third project '$memecoin' rugs, team token dumps or commits a list of other scams, then the user can claim back the full $800.
User does not need to lock in or stake $GUARD tokens and remains in property of the $GUARD tokens at all time, but must hold to maintain insurance coverage.
The $1,000 can be split across multiple third-party tokens (e.g., $700 on Token A + $300 on Token B).
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