Top 5 Insurance Tokens Below $0.1 Price Mark to Watch in October 2022

Insurance tokens offer defense against capital losses and cryptocurrency theft, a good risk management platform for investors and traders. Insurance Tokens have a growing total market capitalization of $412,587,137 and a trading volume of $6,855,124. 

Note: The tokens are ordered by their price unit from lowest to highest

Bridge Mutual (BMI)

  • Unit Price: $0.01789
  • Market Cap: $1,156,886
  • Distinct Features: Users of the platform can offer insurance protection, choose how much insurance will pay out, and receive payment for participating in the ecosystem.

Bridge Mutual is a permissionless, decentralized, and DAO-managed platform for discretionary risk management that covers centralized exchanges, stablecoins, smart contracts, and other services. The platform enables users to vote on policy claims and payouts, buy coverage for their assets, give coverage in exchange for profits and yield, and get paid for fairly evaluating claims.

Stablecoins, centralized exchanges and smart contracts are all covered by Bridge Mutual, a decentralized, discretionary p2p/p2b insurance platform.

Bridge is an environment that is genuinely user-governed and decentralized. To keep Bridge safe, competitive, and transparent, BMI tokens can be used to vote on and enhance the platform. 

Three things happen when you stake BMI: it creates staking incentives, allows you to vote on claims and earn through claims assessment, and gives you the right to the yield from on-chain investing of all pooled assets.

Exchange: BMI is currently trading live on Gate.io, Bitfinex, LATOKEN, Uniswap (V2), and SushiSwap with a 24-hour trading volume of $56,255.43.

Nsure.Network (NSURE)

  • Unit Price: $0.01902
  • Market Cap: $107,817
  • Distinct Features: Nsure is a platform for open insurance for open finance.

Nsure.Network is an open marketplace where anyone can buy insurance. To earn daily insurance premiums, capital providers use NSURE to stake specific insurance risks. Insurance products that are not connected can be staked using leverage.

The concept of Lloyd’s London, a marketplace for trading insurance risks whose premiums are determined by a Dynamic Pricing Model, is borrowed for this project. Nsure Labs is a company that develops open-source software and creates products, tools, and services for the decentralized finance (DeFi) ecosystem.

The platform gives you room to outsource the risks you need while getting you paid to underwrite.

Exchange: NSURE is currently trading live on MEXC, BingX, Gate.io, Huobi Global, and LATOKEN with a 24-hour trading volume of $215,249.

Unslashed Finance (USF)

  • Unit Price: $0.0377
  • Market Cap: $908,414
  • Distinct Features: Coverage for various goods, marketplaces, and procedures are available with Unslashed Finance. The user purchases insurance protection and other protocol participants provide capitaI.

Unslashed is a decentralized insurance system for digital assets that cover typical hazards. Unslashed assures constant collateralization, transparency through an unbiased claims process, and almost immediate liquidity to insurance buyers and risk underwriters.

Maximum flexibility and freedom are provided by tokenizing coverage and employing “money streaming”: the insured pay as they go and can immediately stop the policy to dump it at any time.

The protocol integrates with Enzyme for the Asset Management side and Kleros for Independent Claims Assessments, in addition to relying on the Unslashed DAO for the various protocol and policy parameters.

Exchange: USF is currently trading live on Uniswap with a circulating supply of 24,098,333 USF coins and a max. supply of 86,000,000 USF coins.

Uno Re (UNO)

  • Unit Price: $0.04072
  • Market Cap: $2,955,027
  • Distinct Features: DeFi’s first risk-based insurance and reinsurance protocol.

UnoRe envisions itself as the first reinsurance trading platform in the world to be powered by Polkadot. The idea makes it possible for locals to invest in one of the world’s safest asset classes and earn significant profits.

The platform will lower entry hurdles for investors regarding funding and regulations while enticing people to participate in the insurance and reinsurance process.

A new generation of Insuretech-based enterprises will be launched on the UnoRe ecosystem due to its ability to enable the community to build cutting-edge insurance products.

Exchange: UNO is currently trading live on MEXC, KuCoin, Gate.io, ZT, and PancakeSwap (V2) with a 24-hour trading volume of $202,662.

Opium (OPIUM)

  • Unit Price: $0.1588
  • Market Cap: $661,162
  • Distinct Features: The platform aims to expand access to financial derivatives while giving traders advantages over traditional options that come with decentralization.

Opium platform launches and trades cryptocurrency derivatives while running on Ethereum. Opium is a decentralized derivatives marketplace founded in May 2020 and is open to all cryptocurrency owners..

OPIUM, Opium’s proprietary token, plays many roles, most related to platform governance. Voting rights on some of the most crucial choices affecting the platform’s functioning will be granted to active users.

Opium imagines itself as the “Bloomberg of derivatives,” Its platform, which is based on the Ethereum network, enables anyone with a wallet to start trading cryptocurrency derivatives as well as creating and launching related contracts.

Exchange: OPIUM is currently trading live on Gate.io, LATOKEN, SushiSwap, Bancor Network, and 1inch Liquidity Protocol with a 24-hour trading volume of $55,338.74.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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