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v1 (en-US)
Welcome
About Neptune Mutual
NPM Token Design
Project & Repositories
Frequently Asked Questions
Community AMA
Neptune Mutual SDK
Quickstart
Usage
Provider Configuration
Create a New Cover
Cover Reassurance
Add Liquidity
Purchase a Policy
Governance
Claims & Payouts
Covers
Background
Introduction
Contract Creators
Cover Fee Redemption
Liquidity Providers
Purchasing Covers
Incident Reporting
Protocol Fees
About PODs
USD Cover Token
Definitions
Cover Products
Policy
NPM Pools
Bond Pool
Community
Partner Program
Our Ethos
Code of Conduct
Moderation Panel
Apply to Contribute
Credits
Usage
Recovering Cryptocurrencies
Risk Factors
Brand Assets
License
Source Code
Privacy Policy
Disclaimer
Terms of Use
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USD Cover Token
When you purchase a policy by paying a fee, you will receive a special kind of token called cxTokens.
Polygon Transaction Hash (Txhash) Details | PolygonScan
Polygon (MATIC) Blockchain Explorer
In the above link, you can see that the user received 50,000 cxUSD by paying ~1123 DAI policy fee. If a cover incident and resolution occurs in their favor, the user will be able to claim the 50,000 cxUSD to receive 50,000 DAI claims payout (minus fees). Otherwise, the token should be discarded.
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About PODs
Next - Definitions
Cover Products
Last modified 4mo ago
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