What is NSURE Coin (Why NSURE Coin Doesn’t Work)

what is insurance currency insurance currency is a decentralized insurance protocol based on Ethereum, which is automatically executed by smart contracts. Users can obtain security tokens as insurance benefits through the platform by mortgaging assets; According to the White Paper of NSURE, for each NSURE issued, one NSURE (representing a native token) will be minted and distributed to participants in a certain proportion. Each NSURE can only exchange one corresponding insurance premium, depending on the number and holding of pre prepared NSURE tokens. The NSURE token is mainly used to protect its funds from the impact of market declines For users who wish to invest in NSURE tokens, they can directly use the lending services provided by the platform to mine and obtain profits. In addition, NSURE also provides liquidity pools to earn profits, and currently NSURE has received support from well-known venture capitalists such as Andreessen Horowitz, Pantera Capital, and Coinbase Ventures. For details, click the original link

Why does the secure currency fail to rise

According to cryptonews, the secure currency is the second mainstream Stablecoin after the USDT. However, the NSURE coin has not taken off or experienced a significant decline as expected; What is the reason? Mainly because during the three and a half months from November last year to January this year, the price of nsurer had dropped below $2, but there was no movement Why does this happen? Firstly, all the Azure tokens currently circulating in the market have not yet been launched on the exchange; Secondly, the correlation between the price of NSURE and market conditions is very low; Thirdly, due to the relatively small transaction volume of NSURE and its difficulty in tracing, many project owners have started to sell off their holdings of these tokens, resulting in some projects being unable to continue operating, and some even believe that they are hyping up counterfeit coins We can explain this issue from two perspectives. The first viewpoint is that there is a lack of investor confidence due to the involvement of a large number of speculators (especially institutions) in the current digital asset market. Secondly, Bitcoin itself lacks sufficient market foundation. In addition, the demand of other Cryptocurrency markets for virtual goods such as Bitcoin is very large, which leads to people’s interest in it. The last factor is that the market demand for Bitcoin and other Cryptocurrency is too strong, which makes them have certain volatility and related risks.