ICO Neptune Mutual

Neptune Mutual aims to build the first generation DACO, a fully decentralized autonomous cover organization. From purchasing cover from a pool, reporting an incident, dispute resolution, to claims payout, everything is fully transparent and decentralized. Neptune Mutual is not a decentralized insurance protocol.

In the Neptune Mutual platform, you do not need to register and become a member or go back and forth between the underwriters, claims adjusters, and involve in any activity related to verification and assessment of the cover you purchased. Anyone who has cToken can fully claim the cTokens for an equal amount in stablecoin payout whenever a cover incident occurs. In Neptune Mutual, there is no need for a middleman who checks claims individually. If a cover claim is valid for one, it is equally valid for the rest. Moreover, the incident does not necessarily have to result in your financial loss.

Through governance, the Neptune Mutual DAO can easily handle any cover situation. However, we’re only focusing on the smart contract and exchange coverage initially. The primary reason is commercial and competitive advantages and opportunities for our DAO.