# Terms and Conditions

## Things our users can do

### The Policyholder

* Buy an insurance cover product to protect against potential loss or damage suffered. Stablecoin devaluation can be covered when the value drops by more than 25%.
* Request an insurance cover product to get tailored coverage.
* Withdraw the paid premium if an insurance request fails to reach the requested amount.

### The Provider

* Provide an insurance cover product and earn premium in return.
* Offer an insurance cover product and earn a premium in return.
* Withdraw the deposited funds if the deposit period (lock-up period) is passed.

## Things our users are responsible for

### The Policyholder

Paying a predetermined premium upfront

### The Provider

Willing to lose the deposited funds in case of any loss or damage suffered by the policyholder.

## The Token

The INFI token represents membership rights in the INFI platform. It enables members to create an insurance cover listing or to take a listing from the marketplace.

#### Essential rules

Creating a new insurance cover request or offer listing requires 5000 INFI. Taking a cover request or offer listing also requires 5000 INFI

A tier system is in place for the creation of new cover request listings

* Bronze: To make a cover request of up to $10,000,\
  you need a minimum balance of 5,000 INFI.
* Silver: To make a cover request if up to $50,000,\
  you need a minimum balance of 10,000 INFI.
* Gold: To make a cover request of up to $100,000,\
  you need a minimum balance of 25,000 INFI.
* Diamond: To make a cover request of up to No Limit,\
  you need a minimum balance of 50,000 INFI.

## Common misconceptions

Insured Finance (INFI) is not an insurance company. Insured Finance is a peer-to-peer marketplace that facilitates the provision of digital asset insurance.