Frequently Asked Questions

Unlike traditional insurance models, Qorra leverages blockchain technology to offer tailored insurance products for digital assets. This approach allows for enhanced transparency, security, and efficiency, addressing the unique challenges and risks of the digital asset space.

Rug Proof Certification by Qorra is a security assurance process for blockchain projects and NFTs. It signifies a project’s adherence to the highest standards of security, transparency, and integrity, ensuring it’s protected against common threats and vulnerabilities. This certification is crucial for projects seeking to establish trust and credibility within the blockchain community.

With the increasing prevalence of scams, frauds, and security breaches in the blockchain space, Rug Proof Certification serves as a critical tool to distinguish genuine projects from malicious ones. It reassures investors and users about the safety of their investments, encouraging a healthier and more secure ecosystem for digital assets.

To obtain Rug Proof Certification, projects must undergo a comprehensive evaluation, including team background checks, smart contract audits, and adherence to Qorra’s ethical and security standards. Interested projects can apply through Qorra’s website, where they’ll be guided through the documentation and assessment process.

For investors, Rug Proof Certification means reduced risk of scams and a higher degree of confidence in the security of their investments. It acts as a seal of approval, signalling that a project has met stringent security criteria and is committed to maintaining high ethical standards.

Qorra’s insurance covers theft, loss, and hacking incidents, providing comprehensive protection for NFTs and digital assets. It’s designed to secure assets against direct digital threats, ensuring owners can invest and trade with peace of mind. It does not cover market value fluctuations or project abandonment issues.

Qorra insures a wide range of NFTs, including digital art, collectibles, and virtual real estate. High-value NFTs may require additional verification processes to ensure accurate coverage. Our platform is designed to accommodate various types of digital assets, providing tailored insurance solutions.

Premiums are calculated based on the NFT’s market value and the scope of coverage desired. Qorra utilises advanced AI tools to appraise NFTs accurately, ensuring premiums reflect the true value of the asset. This transparent fee structure allows for affordable and fair insurance rates.

Qorra employs cutting-edge technology, including ISO 27001 certification and the proprietary Multi3™ cryptographic system, to protect digital assets. These measures ensure the highest level of security, guarding against unauthorised access and preserving the integrity of each transaction.

In the event of a security breach resulting in loss or theft, Qorra provides a streamlined claims process. Customers can file a claim through our platform, where our team will promptly review and verify the loss, ensuring a quick and fair compensation process.

Getting started with Qorra is simple. Visit our application, sign up for an account, and connect your digital wallet. From there, you can easily select NFTs to insure, choose your coverage, and pay for your insurance policy, all through our user-friendly platform.

There is no strict minimum investment or asset value required to use Qorra’s services. However, for high-value NFTs or large portfolios, additional verification or customised coverage plans may be necessary to ensure optimal protection.

Qorra leverages QOR, our Ethereum-based utility token, to streamline interactions within our platform. Designed with the growth of our platform and community engagement in mind, QOR tokens ensure consistent value for our holders.

Key Features:

– Utility: QOR tokens are versatile, enabling purchases of NFT insurance and facilitating engagement across the Qorra platform.

– Wrapped Tokens (W-QOR): To enhance flexibility, we’ve introduced W-QOR, allowing holders to participate actively in the ecosystem without affecting their original tokens’ vested status.

– Vesting: Our approach includes staggered vesting periods to mitigate market fluctuations, ensuring a stable and strategic introduction of tokens.

– IDO Phase: Our market debut focuses on fair and transparent token distribution, with strategies for locked liquidity and pricing designed to foster long-term ecosystem growth.

Qorra’s tokenomics feature a total supply of 100 million QOR tokens, thoughtfully distributed across various phases including Pre Seed, Seed Round, Pre Sale, and Public Sale, each with tailored vesting periods to align with our long-term vision and ecosystem health.

Public Sale participants gain access to a suite of exclusive benefits, highlighting our commitment to rewarding early supporters. These include 12 months of prepaid NFT insurance, attractive token bonuses, premium discounts, and access to personalised services and events.

In line with our community-first philosophy, unsold tokens enter a 3-year vesting pool, ultimately rewarding early private sale and public sale contributors. This strategy underscores our dedication to community rewards and project sustainability.

For an in-depth exploration of our token distribution and vesting details, please refer to our whitepaper’s tokenomics section. [Read More]

We plan to expand our platform to include Metaverse and in-game NFT insurance policies, develop our product offerings further, and enhance our Rug Proof Certification. We aim to secure more NFT marketplace partnerships and broaden our insurance product range.

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