About ARMOR
Armor is the first insurance aggregator for DeFi. Leveraging the underwriting capability of Nexus Mutual, it offers pay-as-you-go insurance products and the ability to buy insurance covers without KYC. It is the second iteration of the yInsure product from Yearn Finance. The first iteration of yInsure failed after the yInsure’s founders had a fallout. Yearn Finance chose to partner with COVER instead after the event and leave the yInsure product to Armor. During launch, there are four main products, arNXM, arNFT, arCORE and arSHIELD.
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Market Stats
Market Cap
$93.37K
2.52%
FDV
$393.33K
Circ. Supply
237M ARMOR
Max Supply
1B ARMOR
Total Supply
750M ARMOR
Diluted Valuation
$295.00K
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$49.45
49.17%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$0.000421
Price Change (1Y)
34.77%
Additional details
Market details
ARMOR vs markets
↘ 1.52%
ARMOR vs BTC
↗ 4.76%
ARMOR vs ETH
↗ 22.19%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x1337DEF16F9B486fAEd0293eb623Dc8395dFE46a | |
Ethereum | 0xEa5eDef1287AfDF9Eb8A46f9773AbFc10820c61c |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.000393 | ↗ 2.52% |
1 Day | $0.000384 | ↗ 2.52% |
1 Week | $0.000429 | ↘ 8.21% |
1 Month | $0.000486 | ↘ 19.10% |
1 Year | $0.000292 | ↗ 34.77% |
FAQ
TheArmor (ARMOR) is a protocol developed to provide protection to the users for the funds held on different DeFi protocols. The protocol aims to offer a solution for any type of hacking, thereby enabling a quick, self-regulating, and pay-as-you-go coverage for users’ funds. The Armor system claims to detect any types of changes in the balance on supported protocols and prompts users to adjust their plans accordingly. Besides, if the platform that holds the users’ funds is hacked and the claim is approved, they are entitled to get complete compensation for the losses.
DeFi applications are the most appealing targets for hackers. The open-source software can provide hackers with enormous, immediate payments that can easily be made untraceable. Considering this, users need the maximum protection feasible to protect their funds. Thus, Armor aims to ensure that whatever funds a user has on a hacked platform will be properly returned in the simplest way possible, ensuring that their funds are never at risk.
Even the Armor seeks to provide protection covers and insurance policies to the users due to such instances. The project works by establishing the NFTs in the users' accounts representing the taken cover amount. Consequently, it aims to track the accurate information of users’ account funds. If the account gets hacked during cover protection, then it can be instantly compensated after the claim approval.
As per the whitepaper of Armor, it has the governance token 'ARMOR.' The token operates on the Ethereum network. The token provides users with some voting rights on the platform.
The Armor (ARMOR) token was launched on January 23, 2021. Robert M.C. Forster is the cofounder of Armor-fi. The maximum total supply of the ARMOR is 750 million tokens.Moreover, the platform has Christopher Hearey (community manager), Rus Huges (CTO), Romke Jonker (development manager), and various other team members.
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Social stats
Popularity in posts
#6518
Contributors
1
Posts
1
% About ARMOR
0%
Hold times
0 days
X (Twitter)
0% bullish
Sentiment
0.0 ★
Highlights
1 unique individuals are talking about ARMOR and it is ranked #6,518 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, ARMOR has an average sentiment score of 0.0 out of 5. Finally, ARMOR is becoming less newsworthy, with 0 news articles published about ARMOR.
On Reddit, ARMOR was mentioned in 0 Reddit posts and there were 0 comments about ARMOR. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.