This project PAL Network just launched this new product last week. As quoted from their blog:
"Introducing PAL Token Shield, a mutual-aid insurance product that protects users in the event a token’s value drops.
The idea is simple: If your selected token’s value drops in a 24-hour period, you will get a share of the winning pool. Conversely, if your selected token’s value rises by any amount, you will receive a small rebate before the remainder is distributed."
Has anyone tried it out before? I just purchased a spot on their website (www.pal.network/token-shield if anyone's interested). Im thinking this would be good during this bear market. There are 10 coins to choose from if I'm not mistaken. It seems pretty fun, kinda like taking a quick gamble. Would definitely be trying it out more myself for a couple more days first before thinking if I should pump anymore of my money into it.
"Introducing PAL Token Shield, a mutual-aid insurance product that protects users in the event a token’s value drops.
The idea is simple: If your selected token’s value drops in a 24-hour period, you will get a share of the winning pool. Conversely, if your selected token’s value rises by any amount, you will receive a small rebate before the remainder is distributed."
Has anyone tried it out before? I just purchased a spot on their website (www.pal.network/token-shield if anyone's interested). Im thinking this would be good during this bear market. There are 10 coins to choose from if I'm not mistaken. It seems pretty fun, kinda like taking a quick gamble. Would definitely be trying it out more myself for a couple more days first before thinking if I should pump anymore of my money into it.
HUH? this is new? Insurance for Crypto?