Dear Nami Community,

To provide users with convenience and ease in choosing and opening an insurance contract that suits their needs, Nami Insurance will launch insurance plans based on the insured asset value starting from 00:00 on May 24, 2024, with the following details:

Changing the Q-Cover to Insurance Plan

How to Choose Insurance Plan to Buy an Insurance Contract

1. Update Insurance Plan on the Buy Cover

Step 1: Access the "Buy Cover" interface.

Step 2: In the " Insurance Contract Information" section, under "Insurance Plan" click on the unit dropdown and select and select the Insurance Plan depending on your needs.

After selecting the Insurance Plan, the proposed value for Margin will also be adjusted to the chosen Insurance Plan.

2. Update Insurance Plan on the Calculator Screen

Step 1: Users access the "Calculator" screen.

Step 2: Input the information of their Futures or Spot positions into the Calculator on the left-hand side.

Step 3: After filling in the information in the Calculator, the system will suggest an insurance contract with the suitable Insurance Plan based on the Margin and Period to help protect 100% of the user's expected loss.

Users can also adjust the Margin and Period of the suggested insurance contract, and the system will automatically select the suitable Insurance Plan.

Step 4: After obtaining a suitable suggested insurance contract, users can buy the contract quickly by selecting "Buy Now”.

Step 5: Review the information and click Confirm.

Note: Suggested insurance contracts can only be bought when the position stop-loss prices from the Calculator meet the P-claim conditions of the insurance policy.

Note: All images used in the article are for illustration purposes only and may not represent the latest product interface.

Best Regards,

Risk Warning: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Nami is not liable for any losses that might arise from your investment. This information should not be regarded as financial or investment advice.

About Nami Exchange

Nami Exchange is a trading platform belonging to the Nami Foundation ecosystem that enables dynamic trading and effective investing through its Spot and Futures trading systems, which offer a wide selection of nearly 700 trading pairs, support leverage up to x125, and 24/7 live support in Vietnamese & English.
___

Website: https://nami.exchange/

Download Nami Exchange app here.

Nami’s community:

• Telegram Nami Global Community: https://t.me/NamiGlobalGroup
• Twitter: https://twitter.com/NamiExchange
• Facebook Global Community: https://www.facebook.com/groups/namiglobal
  

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.

• Website: http://namiinsurance.io/
• Whitepaper: https://docs.namiinsurance.io/
• Twitter: https://twitter.com/nami_insurance