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Insured Finance
  • Insured Finance - Documentation
  • Welcome
    • Glossary & Appendices
  • Understanding Insured Finance
    • Things our users can do
    • Things our users are responsible for
    • The Token
    • Common misconceptions
    • Terms and Conditions
  • How-to Guides
    • Create a New Listing (Request or Offer a Cover)
      • Create a cover request listing
      • Create a cover offer listing
    • Take a Listing (Buy or Provide a Cover)
      • Take an Offer (Buy an Insurance Cover)
      • Take a Cover Request (Provide an Insurance Cover)
    • My Listing
      • My Request
        • Premium Refund for All Covers
        • Premium Refund for Individual Cover
        • File a Claim (Cover Request Listing)
        • View Claims, Claim Payout, and Claim Check the Cover Request page (Stablecoins example)
      • My Offer
        • Deposit Refund for Individual Cover
        • Deposit Refund for All Covers
    • Taken Listing
      • Taken Offer
        • File a Claim (Taken Offer)
      • Taken Request
      • Premium Claims (Earn Premium)
      • Deposit Refund
    • Token Bridge
  • Premium Fee and Listing Fee
    • Premium Rate
    • Listing Fee
  • Claim Monitoring Period and Payout
    • Claim Monitoring Period & Claims Payout - V1
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  1. Understanding Insured Finance

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.

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Last updated 3 years ago

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