What is dART Insurance (dART) | What is dART Insurance token | What is dART token
In this article, we’ll discuss information about the dART Insurance project and dART token
About dART
dART is the first NFT insurance platform on the market, preparing to launch on Binance Smart Chain’s intuitive and highly active network. With NFTs generating hundreds of millions of dollars of monthly trading volume, we provide a way for users to protect their valuable digital assets, which can regularly surpass seven or eight-figure sums.
By innovating on the traditional insurance model and introducing bonus features through the use of blockchain technology, dART will be able to reward platform stakeholders while providing safe, verifiable, and straightforward insurance coverage to this rapidly expanding digital marketplace.
dART users will secure insurance for their assets directly from the dART terminal, and our solution will be integrated into the NFT marketplaces.
The ability to insure NFT assets will become easily accessible to all crypto users. As the value being held in NFTs continues to grow, the ability to protect against risks becomes essential. dART will be the first platform allowing its users to insure their NFT assets.
NFTs are rapidly expanding, growing from a relatively obscure market to generating hundreds of millions of dollars in monthly trading volume. With the NFT market’s continuous growth, already valued at approximately $250 million at the end of 2020, dART is introducing the first platform built to protect against exploitation and hacks of NFTs through the utilisation of a decentralised insurance protocol.
The NFT market has begun to cement itself as a major player within the cryptocurrency space, but not a single NFT platform has incorporated a risk coverage solution for its users. We will be the first platform to address this, providing everyone a safe and secure ownership experience.
Using Insurance to Protect Your NFTs
If you’re reading this, you’ve probably heard of Beeple’s $69 million NFT sale through Christie’s Auction House, CryptoPunks worth millions of dollars each, and the countless other art pieces and digital collectibles that are worth five, six, or seven-figure sums. Considering these rare and highly sought-after pieces command incredibly high prices, it doesn’t make sense to leave them unprotected and uninsured.
Regardless of the sector, whether it be art, real estate, sports cards, or something more niche, any intelligent investor should take out an insurance policy to limit their downside risk. This rings especially true for decentralized markets, as there is a lot less accountability available if a problem arises and there is no centralized party to help resolve it. This is where dART comes in, offering NFT owners peace of mind through our user-centric platform.
Why Do NFTs Need Protection?
NFT protection should be at the forefront of any investor, speculator, or collector’s mind. There is a famous idiom in the blockchain community, “not your keys, not your coins”, with this also remaining true for any tokenized digital asset.
Even NFT platforms that offer their users the ability to store NFTs on a non-native wallet like Metamask present major risks, as hot wallets connected to the internet always have potential vulnerabilities. In the event that the NFT storage platform is compromised, if you accidentally download a virus, or if you experience an exploitation resulting in the loss of your asset, you need risk coverage. dART provides straightforward options with the sole goal of financially empowering NFT owners, picking up the slack that NFT platforms are unwilling or unable to offer their user bases.
All-in-all, if you have any form of significant wealth tied up in NFTs, whether that be hundred, thousands, or millions of dollars, asset insurance is the only way to truly protect yourself in this decentralised economy. Many have made life-changing money through their NFT collections and investments; they are at risk of losing everything they’ve worked for with zero repercussions if they do not take the proper safety precautions. As NFTs continue to establish themselves as a true value-generating asset and store of wealth on par with traditional physical art and collectibles, dART provides the key to make sure they are safe, with their value always accessible to the owner regardless of circumstances.
dART Token
As non-fungible tokens (NFTs) continue to establish themselves within the mainstream and climb in value, users need to be more proactive in protecting their digital assets. This is especially true within a decentralised economy with little accountability; if something goes wrong in the current marketplace, there is not much that anyone can do to provide protection. With this problem in mind, we developed dART, the first platform that allows users to protect the monetary value of their NFTs perpetually.
To act as an incentivization and governance mechanism for our decentralised network, we have created the dART token, the native cryptocurrency for our NFT risk coverage platform. dART will act as the ‘gas’ that facilitates transactions on our network, allow users to vote on the future direction of the platform, and earn through staking. Combining this with the token’s pre-programmed and limited scarcity, dART could have a tremendous impact on the NFT industry.
Governance
Third-party insurance companies compose themselves to generate as much profit as possible, even if it’s at the expense of their users; at dART, we are taking a different approach. With a focus on creating a highly functional decentralised and distributed risk coverage network, we are collectively determining the future direction of the platform through our community, relying on democratic principles to guide us forward. All dART holders will have a say in direct proportion to their ownership stake in the network, allowing for a fair and equally representative decision-making process.
Staking and Earning Fees
Beyond governance, dART introduces passive income opportunities directly to token holders. Any user will be able to easily stake dART in liquidity pools, generating a high and reliable APY, as well as stake the LP tokens generated into our governance staking protocol. Through these implementations, we are enabling easy-to-access reward pools where anyone can earn staking and LP rewards in proportion to their share of the staking pool.
The staking of dART in liquidity pools allows us to provide discretionary risk coverage to NFT holders, forming a buffer against losses due to hacks or manipulations. While the tokens acting as insurance collateral are sitting idly in the pool, they will be distributed amongst dART defi partners, who will use the liquidity to generate yield for dART owners. This model mirrors how the traditional insurance ecosystem works, but instead of the profits lining the pockets of wealthy executives and shareholders, they are returned back to the users of the platform, rewarding them alongside the platform’s growth and success.
How and Where to Buy dART Insurance (dART)?
dART is now live on the Ethereum mainnet and Binance mainnet The token address for dART is 0x5a4623F305A8d7904ED68638AF3B4328678edDBF. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough ETH and BNB in your wallet to cover the transaction fees.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step
You need a wallet address to Connect to Uniswap Decentralized Exchange, we use Metamask wallet
If you don’t have a Metamask wallet, read this article and follow the steps
☞What is Metamask wallet | How to Create a wallet and Use
Next step
Connect Metamask wallet to Uniswap Decentralized Exchange and Buy dART token
Contract: 0x5a4623F305A8d7904ED68638AF3B4328678edDBF
Read more: What is Uniswap | Beginner’s Guide on How to Use Uniswap
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Top exchanges for token-coin trading. Follow instructions and make unlimited money
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Find more information dART
☞ Website ☞ Explorer ☞ Explorer 2 ☞ Social Channel ☞ Social Channel 2 ☞ Documentation ☞ Coinmarketcap
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
🔥 If you’re a beginner. I believe the article below will be useful to you
⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐
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