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View ChartEtherisc DIP Token (DIP) is the utility and governance token of Etherisc, a project building a platform for decentralized insurance applications on the blockchain. The token's name stands for Decentralized Insurance Protocol, reflecting its central role in the ecosystem. Etherisc aims to make the purchase and sale of insurance more efficient, reduce operational costs, increase transparency, and democratize access to reinsurance investments. The project operates primarily on Ethereum as an ERC-20 token and has also been bridged to the Base layer-2 network. With a total supply of 1 billion DIP and a circulating supply of approximately 239.74 million tokens, DIP powers staking, product deployment, and governance within the Etherisc ecosystem.
Etherisc was co-founded by Christoph Mussenbrock, Stephan Karpischek, and Renat Khasanshyn. Christoph Mussenbrock is also referenced as CEO. The project's team members are described as award-winning. Additional team members listed in the whitepaper acknowledgements include Matthias Zimmermann, Jan Stockhausen, Michiel Berende, Hui Lin Chiew, Sebastian Schlitter, Peter Koch, Koenraad de Jonghe, Damian Groß, Felizitas Mussenbrock-Strauß, and Lydia Mussenbrock. Whitepaper contributors acknowledged include Ron Bernstein, Jake Brukhman, Alexander Bulkin, Alex Felix, William Mougayar, and Micah Zoltu. Michiel Berende and Jan Stockhausen have been described as long-term Etherisc team members working on the Etherisc Impact B.V. initiative. The project raised funds through an ICO for the Decentralized Insurance Foundation in Zug, Switzerland, with investors including KR1, Ventures Capital, and Tier 3.
Etherisc is built around the Generic Insurance Framework (GIF), a set of open-source smart contracts that implement generic insurance product and policy lifecycle functions. The GIF runs on a blockchain and is multi-chain and multi-tenant capable, enabling a wide range of insurance types. It is particularly suited to host parametric insurance products, which cover predefined loss events immediately when they occur with deterministic payouts, rather than compensating for actual damage. Events such as flight delays, droughts, heavy rainfall, or hurricane damage can be covered. Loss events are defined as functions of underlying indices or parameters that meet criteria defined by the insurance product. Any GIF instance can optionally be registered in a global registry maintained by a DAO, in which all platform stakeholders participate in governance. Registered GIF instances must comply with rules ensuring customer safety, achieved by granting badges and certificates to compliant instances.
Etherisc distinguishes itself by focusing on decentralized insurance infrastructure rather than a single insurance product. Its GIF framework is open source, allowing anyone to deploy, modify, or fork their own instance, which fosters open innovation. The project's use of parametric insurance enables fast, deterministic payouts without lengthy claims assessment. The governance model, known as the Etherisc Governance Model (EGM), binds ecosystem use to a set of rules and principles, with GIF instances certified by the DIF, registered in a token curated registry, and set up as DAOs. The integration of Chainlink CCIP to bridge DIP between Ethereum and Base enhances cross-chain accessibility. Etherisc aims to create insurance products that are transparent, fair, and accessible for both customers and investors, with the goal of becoming the most widely used insurance platform in the world.
The DIP token is the essential utility token of the Etherisc ecosystem. Every participant and stakeholder is required to stake a certain amount of DIP tokens. Staking is the central utility and is needed for deploying products, oracles, and risk pools, as well as for investing in those risk pools. Staking also grants voting rights in the governance model. Staked DIP tokens activate deposited capital at a ratio of 10:1, meaning 1,000 staked DIP will activate 100 USDT of capital. The more DIP that are staked, the more capital can be activated. DIP holders can stake their tokens to contribute to the decentralized insurance ecosystem and earn rewards. The token can also be swapped from ETH to DIP using the contract address on Ethereum Mainnet.
Etherisc has been actively developing its ecosystem since its early days. The project began with a hackathon in late 2016, followed by a whitepaper release. The DIP Token Generating Event took place from June 23 to July 25, 2018, and the GIF Framework was released in 2019 immediately after the token sale. In February 2021, Etherisc launched a 50 Million DIP Token Grant Program through Etherisc Impact B.V. to support inclusive long-term initiatives. In April 2023, staking was introduced, allowing DIP holders to stake tokens and earn rewards. In April 2024, Etherisc integrated Chainlink CCIP to bridge DIP to the Base network, providing a seamless and secure connection between Ethereum and Base. A staking platform is available, with staking-ui v1.1.20 released in November 2024. A new version of the whitepaper, v2.0, has been released, updating the decentralized insurance architecture, protocol, governance model, and DIP token economics.
Etherisc DIP Token is not mined through proof-of-work. Instead, DIP operates on the Ethereum blockchain as an ERC-20 token and is also bridged to Base. The primary way to participate in the ecosystem and earn rewards is through staking. DIP token holders can stake their tokens to contribute to the decentralized insurance ecosystem and earn rewards. Staking is required for deploying products, oracles, and risk pools, as well as for investing in those risk pools. Staked DIP activates deposited capital at a ratio of 10:1. Staking also grants voting rights in the governance model. A dedicated staking platform is available for users to stake their DIP tokens.
To keep your DIP tokens safe, use a reputable self-custody wallet that supports ERC-20 tokens on Ethereum and, if applicable, the Base network. Always verify official contract addresses before interacting with any token or staking platform. Store your private keys and seed phrases securely offline, and never share them with anyone. Be cautious of phishing attempts and fake websites; only use official links provided by Etherisc, such as the official website and documentation. When staking, ensure you are on the official staking platform. Consider using hardware wallets for large holdings. Since DIP is traded on multiple venues, including decentralized exchanges like Uniswap, always double-check the token contract when swapping. Regularly review your security practices and stay informed about official announcements from Etherisc through their verified community channels.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for DIP are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Etherisc DIP Token (DIP) is $0.00158. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated DIP to USD rate at the top of BTCC’s price page. In terms of market scope, Etherisc DIP Token records a 24h trading volume of $2.866435 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $378.896175K. Its current circulating supply stands at 239.74M out of a maximum supply cap of 1B.
The price volatility of Etherisc DIP Token (DIP) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (239.74M) to max supply (1B), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Etherisc DIP Token (DIP) hit an all-time high (ATH) of $0.720251 on 2021-11-16 07:40, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at -- on 2020-10-27 00:00. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading DIP futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($2.866435), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s DIPUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Etherisc DIP Token, simply log into your BTCC account with USDT margin available, navigate to the DIPUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for DIPUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.00158), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for DIPUSDT with zero financial risk.
Trading Etherisc DIP Token (DIP) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for DIPUSDT, and review its live price ($0.00158) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
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