Insurance System (Coming Soon)
As an indispensable and integral part of traditional finance, insurance will also be a crucial component in the economics of Binopoly. Using the secure, coded insurance of other projects on the BSC chain as a starting model, we will innovate a decentralized insurance service on the blockchain. To guide and contribute to the developing blockchain prosperity, the service will utilize blockchain technology to lower friction costs of insurance, improve overall investment safety, and exponentially increase in-game capital circulation to create value. When laws regarding blockchain relevancy are improved and technology continually iterates and develops, Binopoly’s insurance business will expand its coverage to integrate and interweave with the real world.
From providing cover for your current project, Binopoly insurance will also be one of the necessary building materials of higher quality in-game properties. The user will have the option to participate as an insurer or insured.