Much needed service to web3 companies, but will they be able to deliver and operate sustainably?
Team: strong team if it was any other project, but none of them have insurance experience, so weak for that specific problem area. Who is their Actuaries, insurance companies are built on complex risk models that requires strong actuarial work...
Solution: looks weak, they don't explain how they can ensure insurance claim can be covered, they claim they will do everything on web3, what if they get hacked themselves? Do they even have a Chief Cybersecurity Officer? nope...
How can they prevent false claims? Projects hacking their own vulnerability to steal the money and then claiming insurance to recover the funds? If this project is not built correctly, it will become prey to large amount of scammers. Show Less
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