USD Cover Token
When you purchase a policy by paying a fee, you will receive a special kind of token called
In the above link, you can see that the user received
50,000 cxUSDby paying
~1123 DAIpolicy fee. If a cover incident and resolution occurs in their favor, the user will be able to claim the
50,000 cxUSDto receive
50,000 DAIclaims payout (minus fees). Otherwise, the token should be discarded.