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

CoverCompared homepage

Step 2 : Choose the smart contract cover category

Smart Contract cover product list

Step 3 : Login to your metaMask or Wallet Connect account

Connect wallet

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.

Smart contract product page

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".

Smart contract cover payment page

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

Get test $CVR tokens

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

Check bought products

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 :