Kuverit plans to tokenize fraud and risk mitigation globally with their cryptocurrency asset “KUV”.
Kuverit are utilizing an ERC20 Token on the Ethereum Blockchain as their foundation token through “Kuverit” (pronounced “cover it”) the world’s first P2P – Guarantee Trading Marketplace. KUV token holders will charge fees for staking their tokens on guarantee requests, KUV token holders will also be able to monetize their tokens by contributing to Guarantee Pools which provide guarantees greater than $5,000 in value.
Kuverit Claim Voters and Auditors will be rewarded in KUV tokens for their participation within the marketplace.
The KUV token will allow the Kuverit platform users to claim against financial loss and be compensated in KUV tokens. KUV token holders can create Kuver (cover) Pools - keeping a percentage of the KUV tokens contributed to their personally created Kuver Pool/s each month.
KUV tokens will be the only means of transaction on the KUV platform.