Day By Day price

DBD

#4403

Bill Angelidis is the founder and CEO of Day By Day, with extensive experience in business and technology consulting, IT management and development. He came up with Day By Day after insurance incidents at his office resulted in wasted time, energy, resources and money and hopes to make fairer, more accessible and more transparent insurance for all.

He is an advocate for all things blockchain and technology, advising on and building other blockchain projects with his company’s dev team.

Day By Day (DBD) is a transformative platform that merges blockchain technology with the insurance industry, offering users the ability to create, display, and sell non-fungible tokens (NFTs). This platform, operated by DAYBYDAY.IO PTY LTD, allows users to mint protection contracts as NFTs, providing a novel way to protect assets and trade using the DBD token. Accessible via the Day By Day app on Google Play and the App Store, it caters to users aged 18 and above, excluding those in regions prohibiting NFT transactions.

The platform introduces a new paradigm in insurance through its web3 SaaS model, enabling consumers and businesses to obtain asset-by-asset protection. By leveraging blockchain and AI, Day By Day eliminates traditional administrative burdens, simplifies customer transactions, and scales operations efficiently. Insurepreneurs can own insurance policies as NFTs, generating passive income or investing in DeFi pools for underwriting insurance coverage.

Launched on Ethereum in 2018 with 800 million tokens, Day By Day has bridged 11 million DBD to the Polygon network, expanding its reach. The platform's founder, Bill Angelidis, envisioned Day By Day after experiencing inefficiencies in traditional insurance, aiming to create a fairer, more transparent system. His background in business and technology consulting, along with his advocacy for blockchain, drives the innovation behind Day By Day.

The technology behind Day By Day (DBD) is a fascinating blend of blockchain, artificial intelligence (AI), and decentralized finance (DeFi). At its core, Day By Day operates on a decentralized platform that leverages blockchain technology to create, display, and sell non-fungible tokens (NFTs). This platform is accessible through a mobile app available on Google Play and the App Store, making it convenient for users to interact with their assets on the go.

Day By Day is built on the Ethereum blockchain, which is known for its robust security features. Ethereum uses a consensus mechanism called Proof of Stake (PoS), which helps secure the network by requiring validators to hold and lock up a certain amount of cryptocurrency. This mechanism makes it extremely difficult for bad actors to manipulate the blockchain, as they would need to control a significant portion of the total staked tokens to carry out an attack. Additionally, the decentralized nature of the blockchain means that data is distributed across many nodes, making it resistant to single points of failure and tampering.

One of the standout features of Day By Day is its application in the insurance industry. The platform offers a web3 SaaS solution that provides asset-by-asset protection to both consumers and businesses. This is achieved through the use of NFTs, which represent ownership of insurance policies. These NFTs can generate passive income for their holders and can be traded or invested in the platform's DeFi pool. This pool provides underwriting for insurance coverage, creating a new model of insurance that is private, personalized, and cost-effective.

The integration of AI into the Day By Day platform further enhances its capabilities. AI algorithms help automate back-office administrative tasks, simplifying customer transactions and enabling the platform to scale efficiently without the need for extensive human resources. This automation not only reduces operational costs but also improves the user experience by providing faster and more accurate services.

Day By Day also emphasizes the importance of community involvement through its concept of "insurepreneurs." These are individuals who can influence insurance investments and participate in the creation of new insurance products. By leveraging blockchain and AI, Day By Day empowers these insurepreneurs to develop hyper-personalized, on-demand insurance solutions that cater to the specific needs of their clients.

The platform initially launched on Ethereum in 2018 with a total supply of 800 million DBD tokens. To enhance its scalability and reduce transaction costs, 11 million DBD tokens have been bridged to the Polygon network. This move allows users to benefit from faster transaction times and lower fees, making the platform more accessible and efficient.

Bill Angelidis, the founder and CEO of Day By Day, has a background in business and technology consulting, IT management, and development. His vision for the platform was inspired by personal experiences with insurance incidents that resulted in wasted time, energy, and resources. By integrating blockchain and AI, he aims to create a fairer, more accessible, and transparent insurance system for all.

Day By Day's technology stack, combining blockchain, AI, and DeFi, offers a comprehensive solution for modern insurance needs. The platform's decentralized nature ensures security and transparency, while its innovative use of NFTs and AI streamlines operations and enhances user experience.

Day By Day (DBD) is transforming the insurance industry through its innovative web3 SaaS platform. This platform offers asset-by-asset protection to both consumers and businesses, leveraging blockchain and AI technologies to streamline processes and reduce administrative burdens. One of the standout features of Day By Day is its ability to mint protection contracts as NFTs, allowing users to own and trade these digital insurance policies.

The platform also enables users to purchase insurance policies as NFTs, providing a new level of flexibility and ownership. These NFTs can generate passive income, making them an attractive option for those looking to invest in the insurance sector. Additionally, users can participate in the DeFi pool to provide underwriting for insurance coverage, further integrating decentralized finance into the insurance landscape.

Day By Day's applications extend beyond just insurance. The platform's blockchain-based infrastructure makes it suitable for various industries, including healthcare, supply chain management, and gaming. For example, in healthcare, the secure and transparent nature of blockchain can help manage patient records and streamline insurance claims. In supply chain management, it can track the provenance of goods, ensuring authenticity and reducing fraud.

The platform is restricted to users aged 18 and above and strictly prohibits any illegal activities. This ensures a secure and compliant environment for all participants. By removing traditional resource requirements and simplifying customer transactions, Day By Day is setting a new standard for the insurance industry and beyond.

Day By Day launched on Ethereum in 2018 with 800 million tokens, and 11 million DBD have been bridged to the Polygon network. This multi-network approach enhances the platform's scalability and accessibility, making it easier for users to engage with its various applications.

Day By Day (DBD) is revolutionizing the insurance industry through its innovative web3 SaaS platform, offering asset-by-asset protection to both consumers and businesses. The platform leverages blockchain and AI to streamline operations, reduce administrative overhead, and enable scalable growth.

In 2018, Day By Day launched on the Ethereum network with an initial supply of 800 million tokens. This marked the beginning of its journey to transform the insurance landscape. The introduction of their app on Google Play and the App Store was a significant milestone, enhancing accessibility and user engagement.

The company has also made strides in integrating NFTs into their offerings. They announced plans to offer insurance policies as NFTs, allowing insurepreneurs to own these policies, generate passive income, and invest in a DeFi pool for underwriting insurance coverage. This move underscores their commitment to leveraging emerging technologies to create personalized, on-demand insurance products.

Leadership changes have also played a crucial role in shaping the company's direction. Bill Angelidis, the founder and CEO, has been instrumental in driving the vision of Day By Day. His background in business and technology consulting, coupled with his passion for blockchain, has been pivotal in navigating the company through various phases of growth and innovation.

In December 2021, Day By Day expanded its reach by bridging 11 million DBD tokens to the Polygon network and launching on Bimart. This strategic move aimed to enhance liquidity and broaden the token's accessibility. The launch on Digifinex in October 2023 further solidified their presence in the cryptocurrency market.

The company has also updated its terms and conditions to reflect its evolving business model and regulatory landscape. These updates ensure transparency and align with their mission to provide fair and accessible insurance solutions.

Community growth has been another significant aspect of Day By Day's journey. Engaging with their user base through various channels has helped build a robust and supportive community, essential for the platform's sustained success.

Day By Day's approach to insurance, combining blockchain, AI, and NFTs, positions it uniquely in the market. The platform's ability to offer hyper-personalized insurance products and streamline customer transactions sets it apart from traditional insurance models.