Insurance
As a member of the PAINS community and holder of your own PAINS NFT, we’re pleased to announce that you will have access to something unique on Web3. Our insurance initiative’s core mission is to ensure that your digital assets are always secured and cared for, regardless of their value.
PAINS Insurance is based on all the unsafe experiences we have gathered throughout the years, just from observing multiple scams taking place in our ecosystem. Now, you’re safe with us!
POLICY
The Cardano blockchain is unassailable, yet users and builders have had their wallets drained, scammed by impersonators, defrauded by project founders, and experienced many other forms of known and unknown crypto ecosystem attacks, let alone coding errors. Victims receive no financial compensation and may be discouraged from continuing trading, weakening the ecosystem and creating the Jungle/Open Ocean bias.
PAINS is working alongside Fida Finance, leveraging its advanced Risk Transfer Protocol to enhance our operations and deliver the transparency that is essential for a Cardano-native insurance company. The integration of custom points with Fida’s platform will enable our insurance services to operate fully on-chain, seamlessly incorporating blockchain technology into our solutions for improved efficiency and transparency.
This strategic collaboration allows us to scale our decentralized operations while staying true to the ethos of blockchain. Our partnership underscores the significant paradigm shift that decentralized insurance represents for Web3, offering solutions that are transparent, secure, and efficient. By utilizing advanced expertise, we can enhance our product offerings and reach a broader audience, maintaining the highest standards of transparency and trust.
With this collaboration, there are no limits to what can be achieved. Users can confidently engage with decentralized insurance solutions, knowing they are backed by cutting-edge technology and transparent operations.
