Nsure is an open insurance platform for Open Finance. The project borrows the idea of Lloyd’s London, a market place to trade insurance risks, where premiums are determined by a Dynamic Pricing Model. Capital mining will be implemented to secure capital required to back the risks at any point of time. A 3-phase crowd voting mechanism is used to ensure every claim is handled professionally. You can get all the information here: https://nsure.network/Nsure_WP_0.7.pdf
- Buy.sol is used for policy purchasing, premium will be sent to each pool accordingly to: Treasury.sol(10%,for future claim assessment), Surplus.sol(40%,for claim payout), and LockFunds.sol(50%,reward for underwriters)
- CapitalConverter.sol converts assets into a new token，when a claim is successful the asset is reduced due to payout
- CapitalStake.sol can stake CapitalConverter.sol token for reward
- ClaimPurchaseMint.sol is for policy mining rewards
And for the detail funds flow, please refer to:
1.modify:
migrations/1_deploy_all.js, open comments on smart contract to be tested
2.Run
truffle test test/to do testing
https://www.certik.org/projects/nsurenetwork
Nsure contracts and all other utilities are licensed under Apache 2.0.
If you want any further information, feel free to contact us at contact@nsure.network :) ...