INZURA (IZA)

INZURA is an ERC20 token which serves as an insurance token for your crypto asset. Inzura takes the crypto space to next level the way people see cryptocurrency. Inzura provides protection to your crypto asset by insuring your crypto asset like never before. Inzura is the world first token which serves as crypto insurance where you can cliam the lost/hacked/scammed cryptocurrency.

Whitepaper

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Updated: Jul 28, 2021

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Ticker

IZA

Type

Utility-token

Token standard

ERC20

FoundedIndia

Registration countryIndia

Registration year2018

Office addressCoimbatore 641006, Tamil Nadu, India

What is INZURA

ABSTRACT

INZURA is the world's first ever insurance token that is built with best in class protocol implemented to protect the crypto asset. INZURA is the world's first crypto insurance where you can claim your loss of cryptocurrencies with INZURA token. With best protocol tested and finalized with crypto insurance, INZURA made it possible with the best in class protection for your cryptocurrencies. With successful protocol and strategy of INZURA, there is potential benefits to welcome new users without fear of losing their valuable hard earned money. INZURA is built on Ethereum smart contract which is one of the best platforms for smart contract available in the market. INZURA is an ERC20 token that runs on Ethereum blockchain. INZURA not only protects your cryptocurrency, but also gives protection to ongoing ICOs and so there will be no fear of scamming and losing your valuable money.

PROBLEM AND SOLUTION TO CRYPTO MARKET

"HACK" and "SCAM" are the most known words in the crypto space. Crypto market have gone through lots and lots of hacks and scams over the past years. There are few hacks that have shook the crypto market down to its very core. Roughly over 100s of million dollar worth of cryptocurrencies were lost in 2018.

Scamming and hacking most often happen in this crypto space and there is certain restriction to prevent scam and hacking, but there is no solution to stolen or lost cryptocurrencies. INZURA is here for the solution to these problems in crypto space.

Inzura offers premium with the IZA token. Once the Inzura platform is live, users can able to purchase the premiums with the IZA token they hold. The scalability of the premium value can be set by the Inzura users. Users should submit the required details and documents before purchasing the premium. Once the premium is purchased and confirmed, the asset worth is calculated with the live price of IZA token with the FAP protocol. Each and every claim submitted is calculated with FAP price at the time of claiming.

MOTIVATION OF INZURA

The main motive of Inzura is to protect the user's crypto asset and to increase the new users to the crypto market. The goal of Inzura is to raise the market capitalization to trillions that can be achieved just when a minimum 10% of the world's population starts using cryptocurrency. How does new users come into the crypto market, it is when they have no fear of losing the crypto asset and when institutional money gets into crypto market. Inzura gives hope of asset coverage and builds the trust that their money will not be lost forever.

The below example shows the position of crypto market in current situation. When the market cap is low, big pumps and dumps takes place and the volatility of the price will be very high. If the market cap reaches to a certain high, the volatility risk will lower and will be stable. Inzura will work towards the goal of reaching highest market cap than other markets such as stocks and commodity.