Neptune Mutual

Neptune Mutual

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Neptune Mutual is a cover protocol that enables users to purchase cover policies to protect their digital assets from hacks and exploits. The protocol uses parametric cover as opposed to discretionary insurance. It has an easy and reliable on-chain claim process. This means that when incidents are confirmed by our community, resolution is fast and payouts to all cover policyholders are guaranteed.
Jun 15, 2021
Jul 31, 2021
100% completed
Raised funds - no Data
past
Token Details
Ticker
NEP
Total supply
10,399,369
Accepted Currencies
BUSD
Min Contribution
25
BUSD
Additional Details
MVP/Prototype
Yes
Platform
Binance Smart Chain
Categories
Platform

About Neptune Mutual

It is a well-known fact that there is no such thing as a bug-free code. Smart contracts, cryptocurrency exchanges, and digital asset custodians all are prone to human errors. It can’t be denied that numerous malicious actors are continuously investigating new ways to target and exploit possible vulnerabilities.

Neptune Mutual platform explores new avenues to creating user-centric risk protection products on the blockchain. By offering stablecoin-based cover pools for accurate risk management, we aim to attract a steady userbase and growing liquidity to the platform.

Neptune Mutual is a blockchain cover protocol that safeguards the Ethereum community from cyber threats to contemporary financial products.

At Neptune Mutual, we aim to build the first generation DACO, a fully decentralized autonomous cover organization. From purchasing cover from a pool, reporting an incident, dispute resolution, to claims payout, everything is fully transparent and decentralized.

Neptune Mutual is not a decentralized insurance protocol. In the Neptune Mutual platform, you do not need to register and become a member or go back and forth between the underwriters, claims adjusters, and involve in any activity related to verification and assessment of the cover you purchased. Anyone who has cToken can fully claim the cTokens for an equal amount in stablecoin payout whenever a cover incident occurs. In Neptune Mutual, there is no need for a middleman who checks claims individually. If a cover claim is valid for one, it is equally valid for the rest. Moreover, the incident does not necessarily have to result in your financial loss.

Through governance, the Neptune Mutual DAO can easily handle any cover situation. However, we’re only focusing on the smart contract and exchange coverage initially. The primary reason is commercial and competitive advantages and opportunities for our DAO.

Neptune Mutual Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Gillian Wu
Co-Founder
unverified
Gilbert Ng
Chief Legal Officer
unverified
Supritha Shanmugam
People Manager
unverified
Paul Steven Cue
Senior Graphic Designer
unverified

5 ICO

$3 082 361

Binod Nirvan
CEO & Founder
unverified

Neptune Mutual Last News

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