The information about INSURANCE (INSURANCE) token is:

INSURANCE (INSURANCE) is a token launched on the Binance Smart Chain (BSC) as a BEP-20 token, designed to serve as the native asset of a decentralized insurance platform bridging traditional and digital coverage systems.

The token aims to revolutionize the insurance industry by leveraging blockchain technology to create a transparent, efficient, and community-driven ecosystem for risk management and coverage solutions.

It operates within a decentralized finance (DeFi) framework, allowing users to participate in insurance-related activities such as staking, governance, and premium payments, powered by smart contracts on BSC.

The total supply of INSURANCE tokens is set at 100 million, with a structured distribution that includes allocations for the team, community incentives, liquidity provision, and ecosystem development, though specific percentages vary across sources.

The platform behind INSURANCE seeks to offer coverage for a range of risks, including smart contract vulnerabilities, DeFi protocol failures, and potentially traditional insurance products adapted to a blockchain context.

Posts on X and web sources indicate that INSURANCE was developed to capitalize on BSC’s low transaction fees and fast processing times, making it accessible for users seeking affordable and scalable insurance options in the crypto space.

The token is tied to a governance model, enabling holders to vote on key decisions like protocol upgrades, coverage offerings, and fee structures, fostering a decentralized approach to insurance management.

The project has been noted for its ambition to integrate real-world insurance mechanisms with Web3 technologies, though details about its founding team and exact launch date remain sparse in publicly available information.