What is Binstarter

Article Summary, Automatically Generated By AI

Summary of BinStarter

  • BinStarter is a decentralized insurance protocol.
  • It has a mining-style approval mechanism.
  • It brings together projects and liquidity providers.
  • Insurance examines projects for 30 days according to certain criteria.
  • It protects liquidity providers from damages against negativities.
  • Numbers and figures: 30 days

About BinStarter: Empowering the Future of Blockchain Innovation

BinStarter is a decentralized insurance protocol that employs a mining-inspired approval mechanism, fostering synergies between projects and liquidity providers. This innovative insurance solution is designed to scrutinize projects against a set of predetermined criteria over a 30-day period, thereby safeguarding liquidity providers from potential damages arising from any adverse events.

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