$1.2 Million Raised in Insured Finance Private Sale
Insured Finance is a Polkadot-powered platform that is building the future of digital asset insurance. The scope of incumbent digital asset insurance solutions is severely restricted. Only a minuscule amount of digital asset value is currently insured.
Insured Finance is committed to changing this by creating a marketplace where users can secure tailored insurance for their unique portfolio of digital assets. On the other end, those that wish to fulfill insurance requests can earn lucrative returns on their capital.
To accelerate the development and release of this platform, Insured Finance has raised funds through several investment rounds. Each round has been quickly filled as key players in the cryptocurrency industry realize the need for a solution like Insured Finance.
The private token sale round was no different. Requests to participate in the round far exceeded the available capacity. Requests to participate in the private round totalled $7.5 million. The maximum capacity of $1.2 million was allocated with only strategic partners securing spots. Requests exceeded the allocated capacity by over 650%.
Each strategic partner that participated in the private round can add significant value in areas like marketing, exchange listings, and platform development. A total of 15 million Insured Finance tokens were allocated to private round participants.