Project Name: JustInSure
Project Track: Defi
Team Name: The Aresians
Team Member(s):
DevPost Project Link: JustInsure | Devpost
Project Info:
Github link : GitHub - Justinsure-dapp/core
Survey link: https://forms.gle/7bDrA7w1pUuxuZLn7
Project Website: https://justinsure.marsian.dev
Project Goal:
JustInsure aims to revolutionize the insurance industry by providing a decentralized platform for creating, managing, and claiming insurance policies. By leveraging blockchain technology, the project seeks to eliminate intermediaries, enhance transparency, and foster trust among users. The goal is to empower individuals and developers alike to create customized insurance solutions tailored to their needs while ensuring secure and efficient claims management.
Project Value:
JustInsure brings significant and multifaceted value to users, developers, and the broader blockchain ecosystem through its innovative approach to decentralized insurance:
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Decentralization and Trust: By eliminating intermediaries and utilizing smart contracts, JustInsure ensures that all insurance policies and claims are executed automatically and transparently. This reduces the likelihood of disputes and enhances trust among users, as they can independently verify the terms and conditions of their policies.
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User Empowerment and Ownership: JustInsure empowers users by allowing them to stake into policies. By participating in the platform, users can stake liquidity in different policies, thereby having a direct impact on the policies credibility and success. This participatory model fosters a sense of ownership and engagement within the community.
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Revenue Sharing Model: The platform’s native token, SureCoin, is central to its economic model, allowing users to benefit from their active participation. Through a revenue-sharing mechanism, users receive a portion of the fees collected from transactions, aligning the interests of policyholders, creators, and the platform. This creates a sustainable ecosystem where users are incentivized to contribute to the platform’s growth and longevity.
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Interoperability and Integration: JustInsure is designed to provide fellow developers to utilize our APIs with their own projects, enabling developers to leverage its infrastructure to create innovative insurance solutions across various domains. This facilitates collaboration among different protocols and.
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Accessibility and Inclusivity: The platform prioritizes accessibility by incorporating features for users, such as colorblind filters and language options. This commitment to inclusivity ensures that all users can easily navigate the platform and participate in the insurance ecosystem, regardless of their background or technical expertise.
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Gasless Transactions: By supporting gasless meta transactions, JustInsure simplifies the user experience, allowing individuals to create, buy, and claim policies without the burden of transaction fees. This not only makes the platform more accessible but also encourages greater participation from users who may have previously been deterred by traditional transaction costs.
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Community-Driven Governance: JustInsure emphasizes community involvement by enabling users to participate in the governance of the platform through SureCoin. This democratic approach to decision-making allows users to influence key aspects of the insurance ecosystem, fostering a sense of collaboration and shared purpose.
Project Test Instructions:
Project Details
- Smart Contracts: All policies and claims are governed by automated smart contracts, ensuring reliability and transparency in operations.
- Decentralized Claims Management: Claims are processed through a python function provided by the marketer, minimizing disputes and ensuring fair resolutions.
- Tokenomics: SureCoin serves as the platform’s governance token, enabling users to participate in decision-making and share in the platform’s success.
- Liquidity Mechanism: Marketers have to stake funds to activate policies, enhancing liquidity and trust. The more liquidity staked, the more confidence other users have in the policies.
- Comprehensive Dashboard: Marketers can manage their policies and view analytics related to policy creation and holder engagement.
- User-Friendly Interfaces: The platform includes intuitive navigation, allowing users to access all necessary information, including active and inactive policies, staking status, and rewards.
Marketer flexibilities:
- Policy Issuance and Management: Marketers can create custom insurance policies, ensuring flexibility and responsiveness to market demands.
- Automated Premium Collection: Automate premium collection processes, reducing administrative overhead.
- Streamlined Claim Processing: Access to functions that simplify claims management, making it faster and more transparent for users.
- Tokenized Staking Mechanism: Facilitate staking and reward mechanisms, enhancing user engagement.
- Secure Payment Processing: Ensure secure handling of premium payments through blockchain technology.
- Governance Participation: Marketers and users can influence the governance of the insurance ecosystem.
Developers Opportunities
- Developers can utilize our comprehensive API keys to seamlessly integrate JustInsure’s functionalities into their applications. This allows for the creation of tailored insurance solutions, such as health insurance policies, auto insurance, or niche coverage areas, without having to build a complete infrastructure from scratch.
Accessibility Features:
- The platform includes features for users, such as colorblind filters and language options, ensuring inclusivity and ease of use for all participants.
Tokens and Revenue Sharing:
- SureCoin: The platform’s native ERC20 token, used for staking and liquidity provision, with a structured distribution for rewards, community incentives, and operational sustainability.
Additional Tools:
- BTT Faucet and Swap: Users can easily obtain testnet tokens and swap them for stable tokens, facilitating testing and participation in the ecosystem.
Conclusion:
JustInsure is poised to disrupt the traditional insurance landscape by creating a decentralized, user-centric platform that enhances transparency, trust, and efficiency in insurance management. By integrating blockchain technology, JustInsure offers developers and users a robust ecosystem to build and benefit from innovative insurance solutions.
Smart Contract links:
- JustInsure Interface
JustInsure Interface is the core contract managing insurance policies and integrating with the SureCoin token. It allows the creation of insurance policies, issuance of claims, and the collection of fees. The contract maintains a list of valid insurance controllers and provides functionalities for managing stakes in SureCoin.
- SureCoin
SureCoin is the native ERC20 token of the JustInsure platform, designed for staking and liquidity provision. It incentivizes users by distributing rewards based on their staked balances, ensuring that a portion of the token supply is always available for rewards. Users can buy and sell SureCoins, allowing them to participate actively in the ecosystem.
- InsuranceController (New for every policy)
The InsuranceController contract enables the issuance and management of insurance policies within the JustInsure platform. It allows policyholders to buy policies, stake funds, and claim rewards. The contract ensures that the liquidity required to cover claims is always maintained and offers a staking mechanism for policy creators to enhance the policy’s financial stability.
Project Milestones:
We have made significant progress in the development of JustInSure, including a complete overhaul of the project theme and user interface. Key enhancements include the integration of new smart contracts with meta transaction support for gasless policy creation, along with a revamped staking mechanism. These upgrades aim to improve user experience and engagement. We are preparing to launch our testnet around the beginning of October, followed by a campaign to gather feedback and facilitate airdrops of our native SureCoin token.
Milestone 1: User Engagement and Platform Interaction (Completed: Early September)
Initially, we established a user-friendly interface to facilitate seamless interactions for both users and marketers. This foundational milestone enhances user experience by making it easy to explore insurance policies and register on the platform, leading to an engaged user base.
Milestone 2: Smart Contract Deployment (Completed: Mid-September)
We deployed essential smart contracts that underpin the platform’s functionalities, ensuring security and efficiency in transactions. This achievement sets the stage for a robust decentralized operational framework.
Milestone 3: Integration of New Smart Contracts and Staking Mechanism (Ongoing: Late September to Early October)
Currently, we are integrating newly revamped smart contracts with enhanced functionalities, including gasless transactions. Alongside this, we are implementing a staking mechanism that allocates 1% of staking fees to SureCoin, enhancing its value. The expected outcome is increased user participation and a more efficient platform.
Milestone 4: Testnet Launch and Airdrop (Target: Early October)
With the testnet launch scheduled for the beginning of October, we will conduct a comprehensive campaign to gather user feedback. Following this launch, we plan to distribute SureCoins through an airdrop to incentivize early adopters and engage the community.
Milestone 5: Collaboration for Policy Creation Regulation (Ongoing: October to November)
Recognizing the importance of regulatory compliance in the insurance sector, we will conduct research and collaborate with industry experts to ensure proper policy creation on our platform. We understand that insurance is a highly regulated industry, and marketers will need to adhere to various regulations in their respective regions. Our goal is to identify and partner with organizations and tools that can assist us in staying compliant with local laws during the policy creation process. This milestone is essential for establishing credibility and trust, which are crucial for attracting users and fostering a secure operational environment.
Milestone 7: Mainnet Launch (Target: Early December)
We aim to launch the mainnet around early December, finalizing all integrations and ensuring a fully operational platform for users.
