CoverCompared
  • INTRODUCTION
    • About Us
      • What is CoverCompared?
      • Our Products
  • CoverCompared Offerings
    • CoverCompared Services
    • How is CoverCompared different from other insurance platforms?
      • Cryptocurrency Hacks - a primer
    • What is DeFi insurance?
    • What problems are CoverCompared trying to solve?
  • COVERCOMPARED PLATFORM
    • Ecosystem Overview
    • Risk Management
    • Partnerships
  • COVERCOMPARED TOKENOMICS
    • What is $CVR
    • CVR Use Cases
    • CVR Tokenomics
  • CoverCompared dAPP
    • How to take part in our Testnet & Bugbounty programme
    • How To
      • Buy a Smart Contract Cover
      • Buy Device Insurance
      • Buy MSO Products
      • Check bought products
      • Get test $CVR tokens
    • DeFi Covers
      • IsurAce
      • Nexus Mutual
      • Exchange Agent
    • Contemporary Covers
      • P4L
      • MSO
      • Exchange Agent
    • Contract Addresses
  • resources
    • CVR - FAQ
    • FAQ
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  1. COVERCOMPARED TOKENOMICS

CVR Use Cases

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Last updated 4 years ago

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With regards to the utility, there are several use cases for the token, namely;

Staking for Risk Assessment & Governance Rights will also include the following rewards:

  • APY’s in token

  • Additional discounts on the policy purchase

  • Free insurance products depending on the staked value

  • Risk Assessment & governance right in our InsuranceDAO

  • Risk Liquidity provider rewards