Thread by @CroissantEth, Wow... this is something pretty big!Right now, there is currently a project [...]

Wow... this is something pretty big!

Right now, there is currently a project sitting under $50M mcap which has been mentioned by the World Economic Forum, & they are also working very closely with both $ETH & $LINK

I will go over this project below... Let’s begin!

https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇🏻" title="Rückhand Zeigefinger nach unten (heller Hautton)" aria-label="Emoji: Rückhand Zeigefinger nach unten (heller Hautton)">

$DIP is a protocol for decentralized insurance on $ETH

I believe this token is extraordinarily undervalued for its potential

Decentralized insurance will be a game changing industry. Utilizing Chainlink oracles, $DIP can provide automated protections for a variety of use cases.

They have already been recognized by top names in the industry for their unique use cases in the real world.

Etherisc Impact Solution offers a different kind of crop insurance that is fair, transparent, & affordable for farmers

& they are working with $LINK to make it happen.

“Thanks to the financial and technical support from Chainlink, we have started development of an innovative parametric crop insurance built on top of our “Generic Insurance Framework” (GIF) on Ethereum and indexed to local weather parameters”

They continue adding that...

“Chainlink’s decentralized oracle network provides a reliable connection to different weather sources.

Ethersic successfully tested the model in 2019 by providing drought insurance policies to farmers in the fields of Sri Lanka together with Oxfam & Aon” https://blog.etherisc.com/etherisc-teams-up-with-chainlink-to-deliver-crop-insurance-in-kenya-137e433c29dc?gi=cfd452466a4">https://blog.etherisc.com/etherisc-...

Etherisc teams up with Chainlink to deliver crop insurance in Kenya

The new joint venture offers a different kind of crop insurance that is both fair, transparent and affordable for smallholder farmers.

https://blog.etherisc.com/etherisc-teams-up-with-chainlink-to-deliver-crop-insurance-in-kenya-137e433c29dc?gi=cfd452466a4

Furthermore, a study conducted by the Global Innovation Climate Finance found that the use of Etherisc’s smart contract tech will reduce the costs required to issue a policy by up to 41%. For farmers, this brings down premiums to an affordable cost level. https://www.bloomberg.com/press-releases/2019-07-01/aon-oxfam-and-etherisc-launch-first-blockchain-based-agricultural-insurance-policies-for-smallholder-farmers-in-sri-lanka">https://www.bloomberg.com/press-rel...

Aon, Oxfam, and Etherisc launch first blockchain-based agricultural insurance policies for smallh...

https://www.bloomberg.com/press-releases/2019-07-01/aon-oxfam-and-etherisc-launch-first-blockchain-based-agricultural-insurance-policies-for-smallholder-farmers-in-sri-lanka

This kind of technology has gotten them lots of attention from big names across the board

The $ETH foundation, started by Vitalik Buterin, took a particular interest in this project

They partnered with $DIP to deliver a crop insurance solution in Kenya https://blog.etherisc.com/etheriscs-crop-insurance-initiative-in-kenya-earns-support-from-ethereum-foundation-4f951df1db86">https://blog.etherisc.com/etheriscs...

Etherisc’s crop insurance initiative in Kenya earns support from Ethereum Foundation

We are very happy to announce that the Ethereum Foundation will support our project aimed at providing crop insurance for Kenya

https://blog.etherisc.com/etheriscs-crop-insurance-initiative-in-kenya-earns-support-from-ethereum-foundation-4f951df1db86

Now for my favorite part...

$DIP was actually mentioned in a paper on the different use cases of crypto straight from the World Economic Forum, for their unique solutions with insurance on the blockchain.

Take a look:
http://www3.weforum.org/docs/WEF_Cryptocurrency_Uses_Cases_2020.pdf">https://www3.weforum.org/docs/WEF_...

“Insurance coverage can be purchased using cryptocurrencies and stable coins that are pegged to fiat currencies. The policies are triggered automatically through oracles to automate the claims process and provide immediate payouts”

But it gets better...

“By staking the protocol’s native $DIP token, participants provide collateral (bond) to guarantee future performance, availability and service levels. Staking also signals quality and reputation”

Now that’s pretty notable coming from the World Economic Forum, isn’t it?

https://abs.twimg.com/emoji/v2/... draggable="false" alt="👀" title="Augen" aria-label="Emoji: Augen">

To me, it is obvious that @etherisc is exploring massive real world insurance applications on $ETH, to provide services more effective, & faster than their competitors.

Insurance is a massive $15T dollar industry, and $DIP exceeds all standards of services with their platform.

At a meager $40M mcap at the time of this writing, I believe $DIP is severely undervalued.

For reference, let’s compare $DIP to other decentralized insurance projects on $ETH

$NXM - $614M

$ARMOR - $84M

$BMI - $70M

VS.

$DIP - $42M

Notice a big difference?

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤔" title="Denkendes Gesicht" aria-label="Emoji: Denkendes Gesicht">

In conclusion, I and many others including the World Economic Forum, Chainlink, & the $ETH Foundation are very impressed with @etherisc

They have some exciting things coming up, & I believe they are extraordinarily small at only $42M mcap

Enjoy!

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🍞" title="Brot" aria-label="Emoji: Brot"> https://www.coingecko.com/en/coins/etherisc">https://www.coingecko.com/en/coins/...

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