Less than 1% of all DeFi, Crypto and NFT assets are adequately insured — yet hacks and exploits in blockchain applications are all too common. In 2020 alone, there were 17 major DeFi hacks resulting in over $154M in lost funds.

Available insurance products for DeFi and crypto are not widely accessible, have limited coverage and can be very expensive. There is a lack of transparency in data used from traditional insurers to settle claims and the all-too-common delayed or absent claim payouts.

Team PolkaCover is delighted to announce that we have formed a strategic partnership with Band Protocol to…

Aaron Barboza:

Hello PC Crew
Welcome to the first AMA happening on our chat channel.

We are excited to have Kunal Sadani, CEO — PolkaCover with us today.

@ksadani let’s start

Kunal Sadani: Hi All!

Aaron Barboza: Can you briefly introduce yourself as well as the PolkaCover?

Anthony Thomas: Hello Guys!!

Kunal Sadani:

Sure. Anthony & I have been based in Dubai (UAE) for over 15 years. Previously I have worked with multinational insurance companies (AIG & Allianz) in a senior leadership role building products and partnerships in the Middle East and Africa Region. In my last role, I headed…

Hey PC Crew!

We are pleased to announce our strategic partnership with LABS Group.

LABS is a digital investment platform that provides access to fractionalized property ownership and enables the continuous trading of real estate assets-backed tokenized shares on a regulated security exchange.They use blockchain technology and smart contracts to ensure complete transparency over a borderless ecosystem where property developers and investors can interact seamlessly and with unprecedented efficiency.

Polkacover will be collaborating with LABS Group to provide insurance products like homeowner insurance, property insurance against catastrophes, Landlord personal liability cover and impermanent loss cover on the NFT Property Assets.

…

Hey PC Crew!

We are pleased to announce our strategic partnership with 971 insurance.

971 provides consulting, brokerage, and claims advocacy services through dedicated global risk specialties and industry practices. 971 is a UAE-based registered insurance broker that will support Polkacover by providing the ground regulations needed to distribute regulated insurance products, ranging from travel, health, and life insurance products globally through our CoverCompared platform.

Their panel of leading multinational insurance companies will offer regular covers and tailor-made risk covers based on PolkaCover requirements. …

Hey PolkaCover crew, It’s time for a competition!

Hit us with the most creative memes and original content featuring PolkaCover.

The competition will run from Feb 11th 12:00 UTC to Feb 21st 12:00 UTC.

The selection will be based on creativity and engagement

The top three winners will be able to get their hands on $CVR tokens!

There are some ground rules you must follow to participate in the competition.

• Follow us on Twitter
• The content should not be offensive
• There should be no mentioning of competitors
• No pricing discussion and speculation

Submit all your entries on our PolkaCover creative community channel: https://t.me/polkacovercreativecommunity

Rules must be strictly followed and respected.

May the best meme win!

Twitter: @Polkacover

Medium: PolkaCover.com

Telegram: https://t.me/polkacover

Website: https://www.polkacover.com

Hey PC Crew!

Team Polkacover would like to happily announce that we have formed a strategic partnership with the Israeli Blockchain Association.

Israeli Blockchain Association facilitates business leaders, educators, policy-makers, and citizens in using globally accepted, industry-leading practices for blockchain technologies. They work passionately to provide valuable blockchain services to crypto communities in Israel.

Through this partnership, we are developing products for Israel based DeFi and banking platforms and will be able to access InsureTech and FinTech projects based in Israel as well as open up access to leverage off the Israeli blockchain ecosystem as we scale PolkaCover.

What is…

Hey Polkacover Fam!

The day has finally come, we will be releasing our staking programme in collaboration with Ferrum network on the 1st of February at 16:00 UTC.

And this is why we would like to provide critical information on the CVR staking program

Why introduce Staking?

Staking helps incentivize early buyers of CVR tokens to lock their tokens and earn high yields based on the length of time staked. It’s like a decentralized high-yield bank account, with maximum customization for projects and flexibility for participants!

What is Ferrum Network?

Ferrum Network is building a DeFi ecosystem that interoperates across…

We are excited to announce that PolkaCover has successfully raised $1m in seed and private sale rounds backed by Fairum Ventures, Blocksync Ventures, Brilliance Ventures, Content Tap, Delta Hub Capital, Exnetwork Capital, Gains Associates, BBS Finance, Propeller Capital, Spykefast Capital, Tag Capital, The Whitesholding Capital, Titan Ventures, ZBS Capital, DuckDao and many other strategic backers, in a process which took more than 2 months to complete from seed to private-sale.

Our +5x oversubscribed round saw more than $5 million in interest, showing the overwhelming demand for DeFi based insurance DAO solution.

All our early backers have team members who are…