Aigang is an insurance blockchain platform that aims to provide decentralized and automated insurance services. It utilizes smart contracts on the Ethereum blockchain to offer transparent and cost-effective insurance solutions, with a focus on the Internet of Things (IoT) devices.
The Aigang network operates by creating and managing digital insurance policies using smart contracts. It enables users to purchase policies and receive payouts automatically based on predefined conditions or through the use of oracles that gather data from IoT devices.
The native cryptocurrency of the Aigang platform is called AIX. AIX is an ERC-20 token used for various purposes within the ecosystem, such as purchasing insurance policies, paying out claims, and incentivizing developers and users for contributing to the network.
Aigang aims to disrupt the traditional insurance industry by eliminating the need for intermediaries and automating processes through the use of blockchain technology and smart contracts. By leveraging IoT data and implementing risk prediction algorithms, Aigang aims to provide highly personalized and adaptive insurance policies.
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