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Takasure 1.0 Whitepaper
  • Background
  • Why is conventional insurance not shariah-compliant?
  • Takaful Basics
  • Takaful operations and issues faced by Takaful operators
  • Takasure: Takaful as a DAO
  • Takasure vs. Takaful
  • Two Funds, Two Entities
  • Risk, Solvency and the Benefit Multiplier
  • Dynamic Underwriting and Risk Management
  • Absence of retakaful or reinsurance providers
  • Dynamic underwriting (aka Takawriting): A closer look
  • Risk and the Benefit Multiplier (BM)
  • Individual risk and the Base Benefit Multiplier (B.BM)
  • Takawriting and its impact on the insured
  • Takasure Tokenomics and Membership
  • Redeem/burn tokens, exit the DAO
  • Trading tokens before contract maturity
  • Insurance Smart Contracts
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  • Insurance Smart Contracts
  • Elements of a smart contract
  • Assets to be insured

Insurance Smart Contracts

PreviousTrading tokens before contract maturity

Last updated 1 year ago

Insurance Smart Contracts

Takasure DAO business process

Elements of a smart contract

  • Validity dates

  • Asset to be insured (NFT)

  • Roles: Underwriter, Validator, Oracle, Approver

  • Benefit level

Assets to be insured

  • Current review of assets commonly insured under takaful contracts

  • Validity dates based on asset type