inSure DeFi Expands its Crypto Portfolio Insurance Ecosystem to Avalanche
We are thrilled to announce our partnership with the Avalanche team to bring inSure DeFi’s crypto portfolio insurance capability to Avalanche Network.
- inSure DeFi’s SURE token will be bridged to the Avalanche Network
- The process for enabling Avalanche Network on your MetaMask wallet is easier than you might think
- Bridging SURE from Ethereum to Avalanche will only take a few minutes and could save you thousands in gas fees
- The opening of this bridge is a gateway event for inSure DeFi expansion on Avalanche
The growing popularity of decentralized finance and NFTs has led to the largest blockchain networks like Ethereum becoming congested with transactions and bottlenecked by high fees. Supporting the transition from Web 2 to a completely decentralized Web 3 requires advanced and secure infrastructure to be built.
Avalanche solves these problems by providing a well-structured, easy-to-use, and fast smart contracts platform, which has the most validators securing its activity of any proof-of-stake protocol.
Setting Up MetaMask for Avalanche — Custom RPC Configuration
The first question many ask is, “which wallet should I be using”? On Avalanche, we recommend MetaMask. MetaMask is a cost-free and protected browser extension that allows users to easily interact with the Ethereum blockchain as well as several other EVM-compatible Layer 1 chains — like Avalanche.
New users can download and configure MetaMask here.
Once you’ve installed MetaMask, there are only a few short steps to go!
From your browser extension menu that looks like a puzzle piece in the top right corner of your screen, select MetaMask. At the top near where it says “Ethereum Mainnet”, select the downward-facing arrow. At the bottom, you’ll see “Custom RPC”. Select it.
A screen will then appear, allowing you to set up the custom RPC for the Avalanche Network.
Enter the details as follows:
- Network Name: Avalanche Network
- New RPC URL: https://api.avax.network/ext/bc/C/rpc
- ChainID: 43114
- Symbol: AVAX
- Explorer: https://snowtrace.io/
Carefully enter the details, and ensure that you haven’t missed any of the above fields. Once you’re confident that you have everything configured correctly, click the “Save” button.
Congratulations! You are now connected to the Avalanche Network!!
Transferring SURE from the Ethereum Mainnet to the Avalanche Network
To transfer your SURE from the Ethereum mainchain to Avalanche, you will need to use the Anyswap bridge.
Last Step! Adding SURE as a Custom Token to Your Wallet on Avalanche Mainnet
Those who were already familiar with MetaMask will be familiar with the process of adding a custom token to their wallets. What many may not know is that even if they’ve already added SURE to their wallet on the Ethereum Mainnet, they will have to add it again on the Avalanche Mainnet to view their balances. This is because SURE’s address is not the same on Avalanche as it is on Ethereum. SURE’s Avalanche address is:
0x5fc17416925789e0852fbfcd81c490ca4abc51f9
The good news is that adding a custom token is very simple.
From your MetaMask wallet, with Avalanche Mainnet set as the network, scroll to the bottom and click “Add Token”.
Then, copy and paste SURE’s token address from above into the first line titled “Token Contract Address”. For added security, you can also verify that the address is correct on the Avalanche Bridge Website. Once you’ve filled that line correctly, the other two fields (“Token Symbol” and “Decimals of Precision”) should auto-populate with the correct information (SURE and 18). Then, click “Next”.
MetaMask will then ask if you want to add the token to your wallet, and you should click “Add Tokens”.
Back in your wallet home screen, under the “Assets” tab, you should now see SURE.
About Avalanche
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green. Any smart contract-enabled application can outperform its competition by deploying on Avalanche. Don’t believe it? Try Avalanche today.
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About inSure DeFi
inSure DeFi is a Decentralized Insurance Ecosystem, trusted by thousands of community members to protect their crypto portfolios from scams, exchange closures, and drastic devaluations. inSure DeFi provides insurance solutions for the crypto space to stabilize and secure Crypto & DeFi portfolios.
Fast. Transparent. Future.
To learn more about inSure DeFi go to insuretoken.net or follow us on Twitter and Telegram.
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