Pitching hive idea, episode 4 (episode 3 part 2). Hive insurance (gaming).
hive-167922·@memess·
0.000 HBDPitching hive idea, episode 4 (episode 3 part 2). Hive insurance (gaming).
Hey, in yesterday post i talked about how we could insure post reward, now i have to present you the second part of the hive insurance (might be a third part) so basically we have to define what is gaming insurance, it WON'T insure your loss or loosing your account but it's gonna be an anti rugpull insurance. This mean that if you bought 200 SWAP.HIVE worth of cards in the game EXAMPLE.EXE then you will have to pay a flat fee each month (calculation later in the post) and let's say luckly this game never rugpull, you can just stop paying your monthly fee and burn the contract nft and the insurance will stop. As long as you pay you are insured. Let's say that example2.EXE is a rugpull, after 3 month the dev team leave the project after taking all the money from the game account and everything became worthless well then we will pay you back the 100% of the insured Investment amount. Pretty easy, the same way as the downvote insurance we will make an nft and give you one copy and keep the other after talking about what you want to insure. Pricing : Base pricing 1% of the insured value flat fee each month |Riskness|"Safe"|"Medium"| "Risky" | "Ultra Risky" | |------------|------------|------------| - | - | | added % | +0% | +1% | +2% | +4% | *Safe is for the game online for more than 2 years with a strong player base and no record of scam *Medium for more than 6 month old game, medium community, no record of scam *Risky stand for less than 6 month old game, no record of scam *Ultra Risky stand for any game that already made a rugpull in the past After creating an insurance contract, if you wanna get a new riskiness pricing or update the value of the investements it will be possible to update the insurance contract (burn old contract and ask for a new one) Interested ? 
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