Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Incentivised Posting / Shill => Topic started by: zhuwei on November 10, 2022, 12:21:08 PM
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Amulet Protocol is a decentralized insurance protocol built for the Rust-based ecosystem, starting with the Solana blockchain. Amulet has designed an innovative and open insurance model, which not only effectively addresses the common challenges of existing decentralized insurance protocols, but also creates a new paradigm shift for the whole insurance sector. Risk underwriting and insurance claim lies at the core of any insurance business; however, all existing decentralized finance (DeFi) insurance protocols have been facing a critical sustainability challenge for risk underwriting and claims. Amulet is creating the industry’s first Protocol-Controlled Underwriting (PCU) approach, in which Amulet will build up its own underwriting capabilities and introduce a claim structure involving a unique Yield Backed Claim (YBC) method. This is a significant deviation from the incumbent insurance models of renting underwriting capability from capital providers to a more sustainable underwriting and claim structure controlled by the protocol. The vision of Amulet is to offer simple, reliable insurance for everyone in Web3. With the addition of Amulet, users in the entire Rust-based ecosystem will gain access to a new way to hedge various risks with insurance product offerings.
BTW Amunation bounty is ongoing
thanks
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WHAT REWARDS CAN YOU GET BY PARTICIPATING IN THE BOUNTY?
There are 5 levels in total, for reaching the levels you can get the following rewards:
Level 1 “AmuNation Beginner” (500 Amupoints): allocation to sale tokens $AMT
Level 2 “AmuNation Student” (2500 Amupoints): 5 $AMT + 25% bonus for secret airdrop
Level 3 “AmuNation Expert” (5750 Amupoints): Bronze NFT AmuNation Expert (NFT cost is 2.5 SOL)
Level 4 “AmuNation Master” (14500 Amupoints): Silver NFT (NFT cost is 5 SOL)
Level 5 “AmuNation Mhytical” (39000 Amupoints): Gold NFT (NFT cost is 20 SOL)
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Amulet Protocol is an insurance protocol that secures our assets in the web3 space. Maximum protection and profitability, fully protected with protocol-controlled underwriting. The project has raised $6m from DeFinance, Solana, AnimocaBrands and others.
The Amulet Protocol project has an AmuNation program. By completing tasks you can reach different skill levels, for which you will receive rewards.
There will be a total of 5 levels:
1 level - an allocation to a sale
2 level - 5 tokens $AMT + some bonus
Level 3 - Amulet NFT (worth 2.5 SOL)
4 level - Silver NFT (worth 5 SOL)
5 level - Gold NFT (worth 20 SOL)
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The Amulet Protocol was created to protect Web3 users' digital assets. The protocol was announced in April 2022 and is designed for the Rust ecosystem, including the Solana blockchain. Its developers created an innovative risk prevention system, which is designed to solve current RPP problems and set a new stage in the development of technologies related to tracking and eliminating any threats. One of the key ones is the problem of risk underwriting sustainability.
Amulet offers a simple and effective way to combat them, based on a new protocol-controlled underwriting (PCU) approach. Other existing protocols rely on external underwriters, making them less reliable. The new model also has the potential to scale steadily. The protocol is capable of preventing smart contract exploits, stabelcoin tethering, slashing, and more.
The protocol offers users not only a high degree of security, but also the ability to earn tokens through stealing. It has 3 levels of protection between claims and assets, so users' funds are secure. Interestingly, all transactions are automated, and Amulet Protocol manages claims payments through its DAO model. These advanced technologies make it even more secure.
At the moment, the #DevelopmentTeam decided to gamify the process of rewarding users and released the AmuNation app. Thanks to its use, the community is growing steadily and the risk of tampering or using robots is much lower. Communities on social networks are also growing. All this shows that the project is interesting for the cryptocurrency community, which means it can be called promising.
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The tokenomics of the project consists of several tokens:
1. $AMT: Amulet control token. Gives holders the right to participate in the management of the protocol.
2. $amtSOL: an interest token that users bet on in Amulet's liquid betting pool.
3. $aUWT: The underwriting token placed in the Amulet underwriting pool (e.g., $amtSOL, $mSOL, $stSOL, etc.).