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EASIEST 10x Low Cap Gem in HISTORY (Protect Your Crypto!) - YouTube
Channel: BitBoy Crypto
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devi is great but there's no insurance
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if things go wrong
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you could be stuck wrecked holding a
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worthless bag due to a hack or flash
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market crash
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causing a liquidation maybe your wallet
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gets hacked or perhaps you purchased
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into a project
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it's gone into bankruptcy and that was
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abandoned one project seeks to become
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the crypto
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insurance solution for such terrible
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events
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something bad happens this one's got you
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covered
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and this gym could be the next one set
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your bags on fire
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let's get it
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bit swap is the hottest new way to trade
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tokens
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crawling all the top decentralized
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exchanges bizwa will get you the very
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best price and value for your trades
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bitswap is changing the game try it now
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at bitswapdex.com welcome to bitboy
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crypto the largest crypto channel in
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all the interwebs my name is ben every
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day i show you how to make money in
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cryptocurrency
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if you like money and crypto make sure
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to hit that subscribe button
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in this video we're going to be showing
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you what could be the next polka project
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to bust it
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wide open today's project is polka cover
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and a big thank you to polka cover for
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sponsoring this video
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my research team thoroughly reviews all
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projects that approach us
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and they felt like this one it's a
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project not only worth our time
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but that could be a gem to add to your
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portfolio but of course
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do your own research this is only my
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opinion and not financial advice
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founded in late 2019 polka cover has
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been working toward creating the world's
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leading crypto friendly insurance
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purchase
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and policy issuance marketplace the aim
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of the project is to be a one-stop shop
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for all your crypto and personal
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insurance needs
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this week the dap beta for polka cover
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was launched
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demonstrating the marketplace user
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interface and how cryptocurrency users
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can compare multiple types of insurance
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products in one place
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at the end of the video we've got a
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preview of the app provided by the team
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now a few of the insurance products that
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polka cover will cover
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for loss of crypto include exchange hack
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and bankruptcy for example
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the kukuin hack wallet hack storage
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damage
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and phishing attacks stop loss and
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volatile market drops
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project bankruptcy abandoned and
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fraudulent icos
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they aren't just offering insurance and
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crypto but also health life
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education and family insurance the team
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is working on building global crypto
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insurance products to protect over 50
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plus cryptocurrencies
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this team should not be ignored they're
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working with multinational insurance
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companies who are going to provide
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crypto insurance products and polka
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cover to get exclusive access to these
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products
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bull cover is led by kunal siddhani
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registered in estonia
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sadani has been based in the middle east
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for over 25 years and knows the region
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as his home
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canal's passion for the insurance
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industry and innovation and technology
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is what drove him to start his passion
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project
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polka cover canola has worked with
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several multinational organizations as
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well as the leading insured tech
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startup and senior leadership roles
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canelo's career has been a part of the
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biggest game-changing entities
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in the insurance industry including aig
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alliance and policy bazaar an injured
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tech startup backed by softbank valued
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at over
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1 billion dollars the co-founder and cio
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polk recovery anthony thomas
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has had spectacular growth in the field
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of technology and management from a very
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early age
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throughout anthony's career he has
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successfully created several regional
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backend system platforms
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alongside back-end projects for
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multinational insurance providers
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such as alliance and next care the
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leading insurance associations worldwide
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poll cover bridges the gap between
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traditional insurance companies and the
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crypto insurance products
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offering normal global insurance options
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for health protection and more
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what's more the platform will provide
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several tokenized incentives
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making it up to 40 cheaper than any
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traditional insurance channel
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you may have guessed it but maybe not
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pogo cover is being built
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on polka dot using substrate and
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moonbeam for smart contract
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functionality
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however currently bulk cover is being
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built for its main net to go live on
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binance smart chain
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migration to polkadot will take place
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after the polkadot main net goes live
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now as far as partnerships go pool cover
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has made some high profile connections
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for starters the project is partnered
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with band protocol and umbrella network
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for building its oracle on the back end
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of both protocols
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for insurance pull cover is partnered
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with 971 insurance a regulated insurance
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broker to distribute insurance policies
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to crypto users globally
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pool cover will also utilize uno ray a
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reinsurance protocol to be able to
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underwrite crypto insurance products
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which are regulated by real world
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insurance authorities
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so far pole cover has pledged to provide
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protection to fantasma against nfts
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and permanent loss lab group for
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coverage to their real estate and nft
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assets
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and orion protocol to protect against
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exchange hacks
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for traders on their platform that's
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just a few partners mentioned
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with a growing list of partnerships
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world-class crypto audit firm hackin
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audited pull cover smart contract code
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with a 100
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success rate to provide access for
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crypto users to use fiat or their
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cryptocurrencies
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to process their policies on polka cover
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they partnered with fiat on an
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on-ramp transact has transacted with a k
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since bulk covers ido launched on ferum
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network on january 21st
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token has surged 20x on uniswap but with
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the tokenomics here polka cover might
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still have some room to run
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further so let's go ahead and discuss
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those tokenomics
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so here are the token use cases for
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polka cover
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number one policy purchase customers can
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buy insurance using the token and third
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parties can offer payment gateways
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and integrations which remove the
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necessity to own cryptocurrency from the
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end
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of the customer number two policy
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discounts
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to encourage the use of the token policy
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discounts up to 40 percent will be
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provided for using the token
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number three cross-border policy
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issuance
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the platform will provide only global
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policies that can be bought
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via the token globally number four
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claims payout
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all claims are paid out using the token
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the customers can choose to hold
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the payment in the token or convert to
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fiat currency incentives are provided to
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receive and hold the claim payouts in
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the token
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number five referral fee product reviews
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and survey forms
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customers who refer new customers will
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be paid using the token
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customers who provide insurance policy
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reviews will be rewarded using the token
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number six fast claims incentive that
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goes out probably without any needed
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explanation you get your claims
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processed faster
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number seven data sharing if the
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customer allows a sharing of their
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information for market analysis poker
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cover will
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incentivize them with the tokens number
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eight
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p2p policy issuance claims so the p2p
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policy issuance and claims payouts will
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happen exclusively
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through the token itself number nine
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manual policy quotes
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certain insurance policies cannot be
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hard-coded in the platform due the
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complexity and analysis needed
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by the insurance providers at least at
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this time such scenarios token
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incentives
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will be provided to the insurance
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provider for quick t-a-t responses
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in recent years former hedge fund
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manager and current financial analyst
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tika tawari
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has given several mentions to their
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newsletter members rating polka cover as
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one of the top three
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insurance-based cryptocurrencies to look
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out for in an article
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tika and his team mention polka cover
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and its services how rapidly the project
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is growing
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now speaking of growth volkl cover just
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released its 2021 road map
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so coming up in quarter 3 of 2021 they
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have their marketplace
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alpha release they're also going to
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start doing crypto insurance partner
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onboarding
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they're going to launch on the binance
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smart chain also very soon along with
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kusama
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polkadot later on 2022 is also going to
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be a big year
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as they're going to see the release of
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their p2p platform beta
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also their governance platform launch
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it's going to be a lot of big stuff
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coming in the next two years
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for this project you're definitely going
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to want to pay attention to it but at
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the heart of this project is
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insure tech is the usage of
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technological innovations designed to
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make the existing insurance industry
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more efficient
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by using technologies such as ai and
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data analytics insure tech solutions
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allow products to be priced more
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competitively
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insurance companies are widely adopting
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numerous solutions to drive cheaper
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better and faster operational practices
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according to grandview research the
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global insured tech market size was
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valued at
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2.72 billion dollars in 2020. the
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insurance tech industry is expected to
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expand at a compound annual growth rate
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of almost 50 percent from 2021 to 2028.
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the increasing need for digitization of
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insurance services
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expected to propel this market growth
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insurance companies are focusing on
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improving communication with their
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clients
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and capabilities to implement automation
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processes
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currently the market cap of pull cover
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is sitting at around 13
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almost 14 million dollars it's a little
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over 10x at its current price
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of 67 cents per coin now if you want to
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pick up a bag of polka cover
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you can use unit swap by laxi or who
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i'll end this video with a preview
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of the coming beta app so stay tuned
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after the outro here that's all i got be
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blessed
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good boy out here is a sneak peek
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at our marketplace app simply connect
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your cvr wallet
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select your insurance product add your
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coverage detail
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get the best value products available to
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[Music]
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you
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[Music]
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just pay with cvr
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for more information visit www
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[Music]
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you
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