About Neptune Mutual
Neptune Mutual is a blockchain cover protocol that safeguards the Ethereum community from cyber threats to contemporary financial products.
Neptune Mutual is a blockchain cover protocol that safeguards the Ethereum community from cyber threats to contemporary financial products.
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Just like the traditional parametric insurance products, Neptune Mutual cover pools provide guaranteed payouts upon
triggering a set of the predefined event(s). These predefined events are also known as cover parameters. Cover parameters consist of rules and exclusions. Payouts can only occur when all cover conditions are met and no exclusions are present. The term cover incident refers to a state in which all cover rules and exclusions have been met.-------------
The Neptune Mutual protocol doesn't know about events happening in the real world.
To correctly establish the fact of a cover incident, the NPM tokenholders participate in a
consensus system known as reporting. A reporter is the first person to report an incident; a candidate reporter is the first person to disagree with the reporter. The NPM tokenholders can support the reporter by submitting attestations or the candidate reporter by submitting refutations.
The consensus rule for each cover product has a reporting period that begins as soon as a report is submitted. To participate in the reporting system, tokenholders must stake their tokens.
A decision, or resolution, is made at the end of a reporting period. If the resolution is in favor of the reporter, policyholders can submit claims. As opposed to existing discretionary cover protocols on Ethereum, Neptune Mutual policyholders receive claims payouts immediately without having to wait, provide proof of loss, or undergo a special membership process.
As a result of the resolution, the invalid camp loses all its tokens. Some will be burned while others will be awarded to the valid camp.The Neptune Mutual Cover Protocol is in the early development stage. Just like any other blockchain projects, there is a high likelihood of failure. Assess your risk exposure to NPM and cryptocurrencies in general and do not consider the tokens as an investment instrument. The only reason you may want to get NPM tokens is to use the tokens in the protocol, which is not ready yet.
We have not performed any ICO, IDO, IEO, or public sale. Do not fall victim to the scammers who want to sell fake NEP/NPM tokens to you.
Access Neptune Mutual Application:
Application Testnet
Disclaimer:
Images used for demonstration purpose only. All images are copyright to their respective owners and are protected under international copyright laws. Neptune Mutual is not suggesting or indicating any partnership with or any endorsement from the above-listed companies.
Last modified 19d ago