First of its kind decentralized reinsurance platform UnoRe has launched its IDO on Polkastarter, which sold out almost instantly. The project is promising to completely change “the insurance for insurers” that has been monopolized by large players.
UnoRe’s co-founder, award-winning insurance market expert Jaskanwar Singh, said in a statement that the platform “was born as a vision to allow retail investors entry into this impervious market and enable them to leverage it to its fullest monetary potential. We are going to change the way risk-trading is transacted – forever!”
Many top blockchain funds seem to be impressed. UnoRe said OkEx Blockdream Ventures will support the project by providing its “products, services, and brand endorsements. In recent weeks, Kyros Ventures, Black Edge Capital, Moonrock Capital, Fairum, DFG, and several other funds also agreed to back UnoRe.
“We have just finalized our partnership with KuCoin Labs who are going to help us make $UNO accessible to a wider community and gain access to additional liquidity,” the other UnoRe co-founder Sujith Sizon tweeted on Wednesday. UnoRe also says KuCoin Labs will provide strategic advice and marketing guidance as part of the new deal.
Among the most recent partnerships announced by UnoRe is its alliance with Bridge Mutual, a decentralized p2p and p2b insurance platform that provides coverage for stablecoins, centralized exchanges, and smart contracts. Singh said, “UnoRe will be providing a second layer of coverage to Bridge Mutual’s portfolio by giving a Comprehensive Reinsurance Cover.”
Earlier this month, Singh was interviewed by one of the most influential blockchain journalists Ran Neuner on his YouTube channel Crypto Banter. The program has been viewed over 108,000 times. UnoRe’s official Telegram group has over 52,000 members.
Disclaimer: This is a paid post and should not be treated as news/advice