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Amulet Protocol (AMT)

Amulet is a decentralized insurance platform designed for Rust-based ecosystems, starting with Solana. Amulet is the new Rust-based insurance protocol from MTR Labs, the team behind InsurAce.io. Both InsurAce.io and Amulet will run as separate businesses under the leadership and direction of MTR Labs.

DeFi insurance protocol Amulet raises $6 Million

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Overview

Project industryInsurance
Product typeProtocol
WhitepaperAmulet Protocol White Paper Open

What is Amulet Protocol

Amulet Protocol (hereafter referred to as Amulet) is a decentralized insurance protocol built for the Rust-based ecosystem, starting with the Solana blockchain. Amulet has designed an innovative and open insurance model, which not only effectively addresses the common challenges of existing decentralized insurance protocols, but also creates a new paradigm shift for the whole insurance sector. Risk underwriting and insurance claim lies at the core of any insurance business; however, all existing decentralized finance (DeFi) insurance protocols have been facing a critical sustainability challenge for risk underwriting and claims.

Amulet is creating the industry’s first Protocol-Controlled Underwriting (PCU) approach, in which Amulet will build up its own underwriting capabilities and introduce a claim structure involving a unique Yield Backed Claim (YBC) method. This is a significant deviation from the incumbent insurance models of renting underwriting capability from capital providers to a more sustainable underwriting and claim structure controlled by the protocol. The vision of Amulet is to offer simple, reliable insurance for everyone in Web3. With the addition of Amulet, users in the entire Rust-based ecosystem will gain access to a new way to hedge various risks with insurance product offerings.

Details

Token supply: 1,000,000,000 AMT
Total tokens for sale: 50,000,000 AMT
Raised: 6,000,000 USD

Legal

Blockchain Platform: Solana
Registration year: 2021

Token info

Ticker: AMT
Token distribution:
Fundraising - 10%
Team & Advisors - 15%
IDO - 5%
Initial Liquidity - 2%
DAO Reserves - 18%
Incentives - 50%

Project team

Rupert Barksfield
Rupert Barksfield
Project Lead
Rupert Barksfield linkedin
Rob Spitz
Rob Spitz
Marketing Specialist
Rob Spitz linkedin
Jimmy Yuen
Jimmy Yuen
Product Lead
Jimmy Yuen linkedin
Shin Qu
Shin Qu
Technical Lead
Shin Qu linkedin

Social media

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