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Nami Insurance stop supporting insurance multiple tokenization assets on 2024-10-29
28/10/2024

Dear Nami Community,

Nami Insurance will periodically review each insured tokenization asset to ensure that it continues to meet the required standards. When an asset no longer meets these standards, we will conduct a more in-depth review and may discontinue insurance support.

When conducting reviews, Nami will consider many factors, below are some criteria for evaluating assets that Nami Insurance supports to provide insurance:

  • Team commitment to the project
  • Level and quality of project development activities
  • Trading volume and liquidity
  • Stability of Smartcontract

Accordingly, based on the latest assessments, Nami Insurance will stop supporting insurance for these following assets from 2024-10-29 09:00 (UTC):

1INCH - ACH - ALGO - ALICE - ALPHA - ANKR - API3 - ARPA - ASTR - AXL - BAKE - BAL - BAND - BAT - BICO - BNT - BNX - C98 - CELO - CELR - CHR - CHZ - COTI - CRV - CTSI - DAR - DASH - DENT - DUSK - DYDX - EDU - EGLD - ENS - EOS - FXS - GMX - GTC - HFT - HOOK - HOT - ICP - ICX - ID - IOST - IOTA - IOTX - KAVA - KNC - KSM - LINA - LIT - LPT - LQTY - MAGIC - NOT - ONE - QTUM - REEF - RLC - ROSE - RSR - RVN - SFP - SPELL - STG - STORJ - TOKEN - UNFI - XTZ - ZEN - ZRX.

Important notice:

  • The system will automatically close Limit insurance contracts that have not been activated since the time of insurance stop supporting.
  • Available contracts will operate normally, users can proceed to manually close the contract before the insurance period ends (if eligible) or wait until the end of the period for contracts automatically closing.
  • Assets that no longer support insurance will be removed from the insurance list from 2024-10-31 09:00 (UTC).

Best Regards,

Further information:


Note: Nami reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reason without prior notice.

Risk Warning: Trading tokenization assets carries a high level of risk for both significant profits and losses. All your margin balance may be liquidated in the event of drastic price fluctuations. The purchase of Nami Insurance does not mean that it will completely eliminate the risk in trading tokenization assets. The information contained herein should not be construed as financial advice from Nami Insurance. Use any trading strategy at your own risk. Nami Insurance will not be liable for any loss arising from insurance policies and tokenization asset trading activities.


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About Nami Insurance

Nami Insurance is a decentralized hedging protocol applying Blockchain technology to provide a solution to support asset insurance when the market fluctuates against predictions.

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