On December 24, 2021, CEO Mark from NSUR Coin took part in an AMA session with @Cryptotech_Community on telegram. This is part 1 of a three part series introducing Mark, the team, the NSUR ecosystem and NSUR Coin.
Could you please give the community a brief self-introduction? What is your role at NSUR?
I am Mark Peters, CEO of NSUR.
My background is in the high tech, fintech and insurance spaces. Overall I am very passionate about the crypto space and a key focus of mine is to address many of the areas of the crypto industry that prevent it from fully being adopted by the mainstream industry. I have spent the last 15 years working in industries I believe will be relevant to addressing crypto’s flaws.
I am very excited to get to spend some time with your community today.
Could you give a brief overview of the NSUR project as well as some examples of real-world applications?
At the highest level, NSUR is about 3 things:
- Consumer Protection
- Real-world Usage
- Community Rewards
NSUR is the only crypto designed to address an area in crypto that doesn’t get very much love. We care about protecting consumers with our proprietary consumer protection protocol. It is the only non-stable crypto available that protects consumers’ purchases from loss of value. At the core, this is what makes us special – we care about our customers.
Furthermore, NSUR is designed to be immediately utilized – we have built out a merchant network in the health and wellness space that allows users to speak with a doctor, fill a prescription, get a lab COVID test sent to your house, purchase supplements and much more. This merchant network is growing fast and many merchants (both online and offline) have applied to be part of the network.
Lastly, NSUR is all about community building and rewarding users, which is why every interaction you have with NSUR will reward you with more tokens, product discounts or services you cannot get anywhere else.
Can you tell me about your NSUR coin’s total supply and tokenomics distribution?
At launch, there will be 200 B NSUR Coin in circulation. Over time, supply will decrease as transactions occur, due to the fact that NSUR Coin is a deflationary token.
Supply is split across the following:
- Value Protection Program (35%): Tokens sold during Value Protection Plan sales events
- Rewards, Charity & Marketing (20%): Tokens used to fund NSUR’s Loyalty Reward Program, which rewards NSUR Community members for referring friends, filling in surveys, and buying through NSUR’s Merchant Network. Tokens will also be used to support marketing activities (i.e., for influencers, etc) and to support charities chosen with input from the NSUR Community.
- NSUR Team (15%): Tokens set aside for the founding team.
- Liquidity (15%): Tokens used to enable/fund smooth transactions of NSUR Coin on exchanges.
- Partners & Advisors (15%): Tokens set aside to reward partners and advisors.
Every NSUR transaction will include a 10% tax, split in 4 parts:
- Liquidity (3%): Tokens that will be used to fuel the liquidity pool.
- Burn (1%): Tokens that will be erased from supply forever, making NSUR more scarce over time.
- Rewards (3%): Tokens used to reward community members for specific behaviors (e.g., answering surveys) and given to charities.
- Protection (3%): Tokens that will be collected to be provided for the next community Protected Sales Events
Is the NSUR platform safe to use? Have you conducted smart contract security audits? Is your platform subject to any kind of audit?
The NSUR platform is very secure. We have many defenses in place to counter issues, such as DDOS attacks.
Regarding NSUR Coin’s Smart Contract, it has been audited by CertiK, the leading smart contract auditor in the industry. CertiK utilizes the best-in-class AI technology to secure and monitor blockchain protocols and smart contracts.
We commissioned the assessment to discover issues and vulnerabilities in the source code of the NSUR Coin project as well as any contract dependencies that were not part of an officially recognized library.
CertiK issued 14 findings in its audit of NSUR Coin, all of which have since been addressed or acknowledged by NSUR. Half of the findings from CertiK were simply of an informational nature.
CertiK’s full report about NSUR Coin has been published on their website. You can also find the report and additional comments from NSUR.
CertiK is in the process of publishing an addendum report showing we addressed the issues.
What safeguards do you have in place to protect your customers’ tokens from the unexpected?
When customers buy NSUR during our protected sales events, every dollar we collect during these events is used to purchase an insurance policy and fund an insurance company that protects users purchases for a period of 2 years from LOSS OF VALUE. This is unlike any crypto out there today, and it ensures that in order for NSUR to be successful, our holders will be successful.
With the backing of the protection plan, 100% of users’ funds are being held in an insurance account, audited and administered by 3rd parties whose sole jobs are ensuring solvency in the insurance market. This is important to the community, and with the assistance of the audit firms, solvency reports for users’ funds will be available on www.nsurcoin.com periodically.
Did you have any interesting experiences that motivated you to create your project?
Well, NSUR started with an experience that was quite impactful on the psyche of our family. The genesis of this company starts with a story about how a close member of the family was robbed.
The year was 2014, Bitcoin was on the rise, and the future of cryptocurrency was looking extremely bright. There were only a few major exchanges at the time, but anyone involved in crypto will probably recognize the name MT.GOX. MT.GOX was the most successful crypto exchange in the world, processing over 70% of Bitcoin’s volume at the time.
Anyone involved in crypto also knows about the unfortunate end that exchange endured and the toll it took on the holders at the time. Well, a close relation to our family member was one of those holders. After years of amassing nearly 500 Bitcoins in the exchange, MT.GOX went out of business and somehow “lost” the tokens.
This event has stuck with me for many years, and as a result it took many years for me to dip my toes into the waters of the DeFi space. However, it is now the motivation of creating a protected token and blockchain ecosystem.
Here at NSUR, we believe increased protection is long overdue. It is specifically in this area that we are providing innovative solutions by becoming the world’s first high-utility platform that is offering token value protection through our NSUR Value Protection Program.
Using a combination of real-world established infrastructure and blockchain technologies, NSUR Coin is the first and only high-utility token to have its initial purchase value protected – allowing holders peace of mind for two years from their date of purchase.
Our goal is to usher in a brighter future for crypto adoption across the globe and to try to prevent anything like the MT.GOX situation happening to others.
What plans do you have to interest non-crypto investors? Will it be easier to find investors outside the crypto community?
We aim to expand the crypto space to people who are interested in crypto but might not have taken the dive into the space yet. This is very important to us as we believe that there are many people who would benefit from our NSUR Merchant Network who are not currently crypto natives.
Therefore, it is very important for us to create educational materials to bring these people along on the crypto journey. You can see the initial pieces of these educational materials on our blog.
Our core market at this point are those non-crypto natives. These are the people that have been sitting on the sidelines previously and didn’t trust the crypto ecosystem because they didn’t understand it and they saw a lot of risk. We have provided an opportunity for these folks to get into crypto in an extremely low risk manner – all the funds they put in are protected for 2 years from loss of value. These protection events are important to these non-crypto-natives, but they aren’t always available. In order to have a chance to buy the protection plan for NSUR, you need to own some NSUR in the future. Only people who are signed up on our site and have NSUR in their wallet will receive the future invites to buy protected NSUR.
I believe that developing the platform & technology will improve the value of the token – it is important that users have an outlet to utilize the token and we generate demand for the use. These are not mutually exclusive and we believe that by executing on our roadmap, we will show the value we can offer!
What plan do you have in place to bring non-crypto natives into your ecosystem? How do you strike a balance between technological advancement and increasing the value of the $NSUR token?
Our core market at this point are those non-crypto natives. These are the people that have been sitting on the sidelines previously and didn’t trust the crypto ecosystem because they didn’t understand it and they saw a lot of risk. We have provided an opportunity for these folks to get into crypto in an extremely low risk manner – all the funds they put in are protected for 2 years from loss of value. These protection events are important to these non-crypto-natives, but they aren’t always available. In order to have a chance to buy the protection plan for NSUR, you need to own some NSUR in the future. Only people who are signed up on our site and have NSUR in their wallet will receive the future invites to buy protected NSUR.
I believe that developing the platform & technology will improve the value of the token – it is important that users have an outlet to utilize the token and we generate demand for the use. These are not mutually exclusive and we believe that by executing on our roadmap, we will show the value we can offer!
Many investors are concerned about the early price of a token; how will NSUR prevent early investors from selling their tokens, and what benefits will they receive?
We care about the early price and the long term price, we have worked with our early purchasers and everyone is in it for the long haul. We do not want paper hands early on – we want strong holders and all those people will benefit from holding.
Early holders benefit from that protection for two years – there is no benefit for them to sell and they know they have a big opportunity by sticking with us long term.
How can I get your tokens? Is your token available on any exchange?
You can currently buy NSUR Coin on PancakeSwap.
We will be available on centralized exchanges soon! Register for an account to receive our news emails. We have been preapproved for 2 major exchanges and will be launching those in early January.
You have finished part 1 of this series. Click here to go to part 2, which is “All about NSUR’s Merchant Network”. You can also skip to part 3, which focuses on “The Future of the NSUR”.
