PolkaCover partners with Gourmet Galaxy

This is the partnership announcement of PolkaCover and Gourmet Galaxy. The image consists of the logos of both the products as well a two astronauts and the PolkaCover shield.

PolkaCover is delighted to form a strong alliance with Gourmet Galaxy, an innovative NFT — Defi project.

Gourmet Galaxy is the fusion of an advanced DeFi Yield Farming platform and NFT gaming dApp. This project aims to solve the problems that overshadow all Yield Farming platforms.

The NFT market is escalating at a rapid rate. However, the attraction of malicious activities, hacks, and losses can soon be expected in the near future. PolkaCover has assessed the risks that could befall the NFT market and are ready to insure in the future. Through this strategic partnership, PolkaCover is working together to secure gaming NFTs in GUM, preventing an impermanent loss.

“PolkaCover is elated to form this strategic partnership with Gourmet Galaxy. Gum is an extraordinary platform encircling DeFi as gameplay. We look forward to joining hands with them, gratifying the community by insuring gaming NFTs.”

— Kunal Sadani, CEO, PolkaCover

“We think DeFi is a very potential market and will continue to grow in the future. However, in parallel with this development, fraud and property theft problems will develop rapidly, so we think that helping users is very important by lowering the transactional and administrative costs of Insurance policies and coverages while providing high value with cost-effective insurance products for the crypto world. The cooperation between Gourmet Galaxy and PolkaCover will be an opportunity to develop the core features of the two parties in the future.”

— Nam Nguyen, COO, Gourmet Galaxy

About PolkaCover:

PolkaCover is the First DeFi insurance marketplace for the global crypto ecosystem. Our aim is to lower transactional and administrative costs of insurance policies and coverage while providing high-value, cost-effective insurance products for the crypto world.

Our platform will be connecting users with multinational insurance providers for all global insurance products such as crypto-related protection, health, life and travel policies. The platform will include a frictionless insurance marketplace experience that incorporates next-generation blockchain technology and tokenized incentives.

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About Gourmet Galaxy

Gourmet Galaxy is an innovative Yield Farming platform, a combination of DeFi and NFTs in a gaming experience. Gourmet Galaxy is currently running on the Ethereum Blockchain and it will develop into a Galaxy with Multiple Chains in the future. By combining the unique features of NFTs, DeFi profit-making, and gaming experiences, Gourmet Galaxy is bringing new energy to the DeFi space.

GUM Pad is Gourmet Galaxy’s latest product, which allows cryptocurrency projects to raise funds by setting up a swap pool based on a fixed purchase rate for tokens.

With GUM Pad, decentralized projects will be able to raise and exchange capital cheaply and quickly. Users will be able to participate in a secure and compliant environment and to use assets that go way beyond the current ERC20 standard.

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