FairSide

Company type

Non-insurance solution to cost share unfair cryptocurrency loss events amongst the members of the network.

Overview

FairSide is an open network with no restrictions of membership, inspired by a modern decentralized sharing economy. FairSide is a non-insurance solution to cost share unfair cryptocurrency loss events amongst its members. Funds are locked in a smart contract and can only be unlocked with a consensus vote of the community. The community focuses on assisting members with an immediate need due to any type of unfair cryptocurrency loss. FairSide operates as a decentralized autonomous organization (DAO). It is a circular economy where all of the value generated within the network is distributed to token holders. Other crypto insurance protocols are limited by their dependence on the adoption of defi. In contrast, Fairside thrives with the increased adoption of the greater cryptocurrency market.

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