You are ‘better off with insurance… until they decide they don’t want to pay you out’ is how I would rephase that slogan.
The strict criteria, especially in hard rug scenario claims, are rife with subjectivity, hinging on examples like 'weird pre-launch movement.' The fate of claims also lies in the hands of six analysts & top token holders, introducing a chance for human error & I see a potential for a conflict of interest. Token holders participating in case votes may prioritize preserving treasury reserves for example.
The project's treasury has also taken a significant hit, plummeting from $13k to below $6k in over a month. And with the current covered amount of $6k there seems no point in holding over 15k $DGNS tokens for insurance purposes right now. The current state of the crypto market growth over the past month has made it ripe to help early stage projects grow, but they still have only 10 covered users the same as over a month ago, which is disappointing to see. There is also talk about paying a premium to get your insurance claim paid out, but it does not state what this premium cost is.
I respect the vision of the fully insured ecosystem they are aiming to build, but right now if you just follow most of the hard/soft rug guidelines yourself there is minimal chance you should be getting rugged anyway. This makes the use for the project at present very minimal in my eyes considering the contribution that is needed to be made to get a 'potential' claim accepted. Show Less
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