Etherisc is a vibrant ecosystem, with many contributors to our collective mission of enabling fair, transparent, accessible insurance for everyone:

• Token holders have provided the capital necessary for our operations and development since our TGE.

• Partners and product developers innovate on our platform by creating and distributing products, funding development, introducing value-added services and expanding our reach. Many partners chose to invest in $DIP tokens.

• Technical developers and stakers ensure the security and efficiency of our network, receiving compensation for their work in $DIP tokens.

• Ambassadors spread the word, fostering a growing community of supporters

The DIF (Decentralized Insurance Foundation) is a non-profit foundation in Zug, Switzerland. Its purpose is to efficiently allocate resources to achieve our vision of the Etherisc ecosystem as the insurance standard across the blockchain economy.

The DIF oversees a treasury of $DIP tokens dedicated to funding and promoting our ecosystem’s development. This means that it allocates funds to:

• marketing and business development

• development of the GIF and related technologies

• supporting the development of impact-driven projects like our Africa initiatives.

• fairly rewarding $DIP token stakers

• incentivizing community members to promote, support, and contribute to the platform and ecosystem

• Promoting the platform, token, and ecosystem to increase the number of participants

• Maintaining the quality reputation of the token, token holders, the Etherisc project, and the DIF.

The DIF is required to distribute $DIP tokens in a controlled and limited manner, to respect the interests of the community, our partners and the $DIP token holders. $DIP tokens released from the treasury will therefore be capped at 5% of the remaining treasury per year, though we aim not to fully exhaust the maximum.

To ensure distributed tokens will not hit the market on short notice, we have agreements in place with our main partners.

Given market conditions, the DIF will initiate a phased, strategic distribution of its treasury tokens. Funds will be used to support our ecosystem’s expansion, including:

• Staking rewards

• Incentivising community members to promote, support and contribute to the token, platform and ecosystem

• Marketing and business development

• Initiatives to bridge $DIP and infrastructure to a high quality, low-gas L2 blockchain

• Exploring new, innovative product development and distribution

• Continuing product support and development for our partners, such as ReFi initiatives in Africa.

This strategic token distribution marks a significant milestone in Etherisc’s journey.

• A “working wallet” within the DIF, managed by the same signatories as the main treasury, will facilitate the distribution of a maximum of 48.3m $DIP, leaving 567m $DIP in the main treasury.

• Of the 48.3m $DIP, 23.3m $DIP will be used to retroactively reward contributions and services delivered in 2023, including staking rewards.

• The remaining 25m $DIP tokens are reserved to fund further development and rewards in 2024.

• From the working wallet, tokens will be allocated to staking wallets, developers, community members and other beneficiaries in smaller increments. This phased approach ensures a steady and manageable increase in circulating supply.

• In line with our ethos of transparency and community-first, the DIF will regularly publish a retrospective summary of token allocations.

To find out more join us on our AMA on Thursday 18 April 10:00 CET on Twitter: https://twitter.com/i/spaces/1djGXNdwllzxZ!