SafeInsure was one of the more intriguing masternode cryptocurrencies of 2018/2019. It hit a high of over $6.80 and currently trades at around $0.02. SafeInsure are still continuing to expand their reach by improve of the network and launching the insurance app.
SafeInsure will be releasing a new version - 1.0.0.11 to rebalance incentives and improve the effectiveness of the SafeInsure network.
This version will introduce a new collateral requirement for masternode: 10,000 SINS. Once the version is released, there will be a two-week upgrade period after which masternodes of 1,000 SINS collateral will no longer be eligible for block rewards.
This change addresses two issues: first, to improve the quality of the servers running the SafeInsure network; by consolidating costs associated with running servers, operators can choose to implement their SafeInsure on higher-end systems. Testing also indicated that the quality of nodes is more important than a very higher number of nodes, and this seeks to provide an incentive to improve the overall on-chain transaction capacity of the network.
Second, to address the imbalance of economic incentives associated with the ongoing operation of a large node network. By consolidating the collateral requirements at a rate of 10:1, the ongoing real operational expenses of the SafeInsure network will also reduce. This, in turn, will provide a robust, reliable, and resilient crypto cash network for present and future growth.