BACKED is the first insurance protocol for cryptocurrency, allowing private users to conclude an insurance contract executed by a smart contract. This project approaches the concept of insurance from the perspective of decentralism, in order to give the user full control over his policy without any external interference: each BACKED contract is fully customizable, automated and trustless.
With our model, insure your positions against negative market fluctuations for the first time, or develop your own insurance business... guaranteeing you a regular income in insurance premiums!
Decentralised insurance for crypto trading, linking private policyholders/insurers via smart contracts
Enable group insurance and policyholder communities.
First Non-fungible tokens (NFT) insurance
Extend our vision of decentralized insurance beyond crypto trading, into traditional areas (cancelled flight insurance etc.)
BACKED introduces a revolutionary model of decentralized insurance, where contracts are made between two individuals. Each user can therefore freely choose between the role of insured and insurer, according to their own financial objectives.
The first insurance protocol for cryptocurrencies allows you to secure your trades via a 100% reliable and verified smart contract, which insures your positions in case of loss with insurance coverage in stablecoin.
As an BACKED insurer, join one or more insurance contracts that provides you a steady stream of income in insurance premiums. Develop your own community of insured to boost your reputation and win more contracts!
Our contract creation tool is designed to allow a total customization of each parameter of your own insurance contract, allowing a perfect optimization of it according to your needs.
Our main founder is a big swiss investor, who supervised many blockchain projects.
He’s a swiss law student and blockchain enthusiast. Leo has worked on some other project with the main founder. Both of them developped Backed’s concept and led its development.
Sacha is a swiss student from the Polytechnical School of Lausanne (EPFL), and helped a lot during Backed’s development phase. He’s also a blockchain enthusiast, and wrote scientific works on this theme.
Frequently asked questions (FAQ) or Questions and Answers (Q&A), are listed questions and answers, all supposed to be commonly asked in some context