Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Work Quest - Global End to End Jobs Marketplace Powered on Smart Contract.
by
Legit_Alt+
on 30/01/2022, 10:40:25 UTC
What is P2P Insurance and how those this works in the platform, and also what is required to joining the insurance stuff?

The core idea of P2P is that a group of like-minded people with mutual interests unite their insurance policies, introducing a sense of control, trust, and transparency while at the same time reducing costs.

Okay what's the benefits of this P2P insurance to both the users and the platform?

This model of insurance combines traditional pooling and sharing of losses with current technology and innovations. In case of an insured event, the fund’s team will vote. So, there’s no central entity that could keep the clients’ funds. Each decision is made through discussion and voting, which ensures complete fairness and transparency.