InsurePal price is $0.00009486
As of now, InsurePal (IPL) is valued at $ 0.00009486. Keep in mind that cryptocurrency prices can fluctuate quickly and dramatically due to the nature of this market.
InsurePal, also known as IPL, is a novel approach to insurance facilitated by the use of blockchain technology. It sets itself apart by leveraging social proof endorsements, creating a peer-to-peer insurance ecosystem. So rather than relying on traditional insurance models, InsurePal provides an alternative that is in tandem with the evolution of blockchain and transactions conducted on a distributed ledger. Progressive areas of life and business insurance that are emerging with blockchain advancements are covered under its innovative services.
Information regarding the creators of InsurePal is currently not provided. Usually, numerous dedicated blockchain developers and business visionaries work together to develop, maintain and expand cryptocurrency projects like InsurePal.
InsurePal basically operates by using blockchain technology to facilitate peer-to-peer insurance transactions. It uses a model that incentives individuals or organizations to endorse each other and share risk. This endorsement based model leverages the concept of social proof, which essentially means people tend to follow or be influenced by the actions of others. InsurePal uses this social proof theory in a blockchain environment to ensure a more secure, transparent and honest insurance process. The ins and outs of the model can be more technical than this, but this provides a basic gist of how it works.
As the backbone of InsurePal, blockchain technology brings about several groundbreaking features. It ensures transparency and security, factors of utmost importance when it comes to insurance operations. With its decentralized nature, blockchain allows to eliminate intermediaries and reduce costs. Also, the use of social proof endorsements adds a unique layer of trust and credibility, making the process even more reliable. Any updates or advancements in the InsurePal technology would be clearly communicated by the project's developers or on their official website.
In terms of market capitalization, InsurePal (IPL) currently ranks at #3492 with a market cap of $ 21.2K. This metric corresponds to the total monetary value of all InsurePal tokens in circulation.
When considering the supply of InsurePal IPL tokens, the exact statistics can fluctuate. However, as of our most recent update, the circulating IPL supply is 223.4M, whereas the total amount of IPL tokens that will be ever created is pegged at 300.0M.
There are numerous cryptocurrency exchanges where you can buy InsurePal (IPL). It is always advisable to buy cryptocurrencies, including IPL, from reputed and well-known exchanges. The current list of exchanges offering IPL includes HitBTC, Livecoin.
To secure your InsurePal (IPL) coins, it's crucial to use reliable and secure ways of storage. Cryptocurrency wallets, preferably ones that allow you to control your private keys, are generally considered safe. Moreover, always make sure to keep your private keys hidden and make regular backups of your wallet. Avoid sharing sensitive information online and always use strong, unique passwords for your accounts. Remember, your coins' safety depends largely on your actions and precautions.
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