Buy a Smart Contract Cover
This is a detailed walkthrough on how a user can buy a smart contract cover from the Cover Compared dApp
The steps for buying the Smart Contract Cover and Crypto Exchange Cover are same thus only one guide has been made for both of them
Step 1 : Visit CoverCompared Dapp
Step 2 : Choose the smart contract cover category
Step 3 : Login to your metaMask or Wallet Connect account
Step 4 : Put in the necessary details to obtain quote. In this case it will be duration and amount for which cover is being bought.
Over here period refers to the duration for which the cover is being bought and amount refers to the amount of funds which will be covered under the bought insurance.
Step 5 : Choose the currency of payment and click on "Confirm to Pay".
25% discount is provided on all products when product is bought using $CVR
To know more about how to obtain test $CVR for buying the policy please follow
After buying the product user can view bought insurance product on "My Account" section of the dApp. To know how to view bought insurance products please follow the below guide
To also verify the bought products on the insurance provider side please :
Nexus Mutual : The bought product txn hash will consist a TokenID issued by Nexus Mutual. This Token ID is an ERC721 representation of the bought policy and is issued by Nexus Mutual itself. User can then go to the Nexus Mutual integration contract, input the token ID and verify the ownership.
InsurAce :
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