FAQ

What is DeF?
DeFi (or “decentralized finance”) is an umbrella term for financial services on public blockchains, primarily Ethereum. With DeFi, you can do most of the things that banks support — earn interest, borrow, lend, buy insurance, trade derivatives, trade assets, and more — but it's faster and doesn't require paperwork or a third party. As with crypto generally, DeFi is global, peer-to-peer (meaning directly between two people, not routed through a centralized system), pseudonymous, and open to all.

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What is an NFT policy?

In the simplest terms, NFTs transform digital artwork and other collectibles into unique, verifiable assets that are easy to trade on the blockchain. NFT policies are the guaranteed value of this digital asset.

How does the NFT policy pay dividends?
NFT policies have different dividend guarantees according to different types of insurance and time of application.

What is USDTI?
USDTI is a stablecoin issued by insurance companies and supports U.S. dollars (USD), euros (EUR) and offshore Chinese yuan (CNH). Represented by ₮, the GT platform currency is represented as USD₮, EUR₮, CNH₮

Do I have to go through the KYC process?
Issuance and exchange of USD₮, EUR₮ and Offshore₮ require a Know Your Customer (KYC) form and approval process.

In which countries and states does it have limited functionality?
The way GT Digital Insurance includes operations while maintaining all government compliance and conduct.

Persons in the following jurisdictions or areas of residence are prohibited from using the GT Digital Insurance platform.

Cuba; Democratic People's Republic of Korea (North Korea); Pakistan; Singapore; Syria; Government of Venezuela; . Crimean Adverbial Clause: Verified users will have limited access to the Tether platform while they are in these restricted jurisdictions.