Assurance Chain has several advantages compared to traditional insurance. ASSC transforms the centralized operation of insurance to the community giving the insurance platform more autonomy. Claims can be filed quicker, premiums are lower, information is encrypted, and the process is more transparent.
Several mechanisms provide value to token holders. These proposed mechanisms include a Value Creation Mechanism, Border Design Mechanism, Perpetual Mining Pool Mechanism, Multi-currency Control Mechanism, and a Depreciation Reserve Mechanism.