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What is Nayms?
Overview: The Nayms application utilizes an Ethereum smart contract to allow insurance/reinsurance policies to be created, underwritten, tokenized, traded and settled, all on chain.
A user can issue multiple policies on behalf of their company or Segregated Account (represented by an Entity in the system).
These Accounts can manage multiple policies and issue internal Participation Tokens (P-Tokens) that can be sold to fund their portfolio.
Other users can purchase these P-Tokens on behalf of their Business Entities (Capital Providers).
The Account can then share profits by issuing profit distributions to its token holders.
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