Tallinn, Estonia, May 13, 2021 (GLOBE NEWSWIRE) — UnoRe, the first decentralized reinsurance marketplace and provider, has announced its launch on Binance Smart Chain. The platform is dedicated to serving the need for proper insurance services in the DeFi sector of the blockchain and cryptocurrencies industry by providing “insurance for insurers” and democratizing the trading of risk.
The project has cited the strategic advantages of launching on the new, fast-growing blockchain network. By operating on Binance Smart Chain, UnoRe will be able to service users with low gas fees, high transaction speeds, access to leading DEX PancakeSwap, and cross-chain interoperability. It joins a host of promising new projects that have chosen the network due to these reasons, including XFai and Polkamon.
UnoRe CEO Jaskanwar Singh explained the team’s choice. “Our priority right now is to offer our users a fast and accessible way to innovate, trade, and invest in risk markets. Binance Smart Chain provides the ideal, scalable infrastructure for this.”
Once UnoRe smart contracts are deployed to Binance Smart Chain, there will be a bridge that allows users to swap $UNO ERC20 tokens to BEP20 tokens directly from their wallets. The project will also provide liquidity to Pancake Swap Syrup liquidity pools to allow the network’s community to swap and purchase $UNO.
UnoRe is the first decentralized reinsurance platform to allow its community to invest and trade in ‘risk’ and receive sizable returns on their investments in one of the safest asset classes in the world. The platform breaks barriers to entry for the retail investor by doing away with the historic pre-requisite of high capital generally needed to invest into the market. It also allows its community to propose innovative insurance products to the space.
The above review statements are those of the sponsor (Source of content) and do not necessarily reflect the official policy, position or views of the content publisher. The content distribution company is therefore not responsible for the content and its authenticity and legal standing of the above subject matter. Each individual is required to exercise its content when making a purchase from the above offer. The information does not constitute advice or an offer to buy. Any purchase made from the above press release is made at your own risk. Editorial merit of this content is subject to news publisher and its downstream partners. Consult an expert advisor/health and professional advisor before any such purchase. Any purchase made from this link is subject to the final terms and conditions of the website’s selling as mentioned in the above as source. The content publisher and its downstream distribution partners do not take any responsibility directly or indirectly. If you have any complaints or copyright issues related to this article, kindly contact the company this news is about.
DISCLAIMER of Liability. IN NO EVENT SHALL OUR PR COMPANY BE LIABLE OR RESPONSIBLE TO YOU OR ANY OTHER PERSON FOR ANY DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, OR EXEMPLARY DAMAGES OF ANY KIND, INCLUDING WITHOUT LIMITATION, LOST PROFITS OR LOST OPPORTUNITIES, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES IN ADVANCE AND REGARDLESS OF THE CAUSE OF ACTION UPON WHICH ANY SUCH CLAIM IS BASED, INCLUDING, WITHOUT LIMITATION, ANY CLAIM ARISING OUT OF OR IN CONNECTION WITH ANY OF THE CONTENT, INCLUDING, WITHOUT LIMITATION, AUDIO, PHOTOGRAPHS, AND VIDEOS, OR OF THE ACCURACY, RELIABILITY, OR LEGALITY OF ANY STATEMENT MADE IN OR OMITTED FROM ANY advertisement, sponsorship, endorsement, testimonial, opinion, or other product-related or service-related statement or review appearing in the Websites or in ANY post or article distributed via the Websites.