# 💰 Plans and cover details

Below are the plans that DegenInsure supports, as well as their requirements.

Primarily, DegenInsure offers cover for

* Hard rug pulls
* Slow rug pulls

Under the following plans

* Basic plan (5K $DGNS holding required, covers up to $1k worth of assets, gets you 50% reimbursement in the case of hard rugs and 60% reimbursement in the case of slow rugs)
* Standard plan (7.5K $DGNS holding required, covers up to $2.5k worth of assets, gets you 60% reimbursement in the case of hard rugs and 70% reimbursement in the case of slow rugs)
* Premium plan (10K $DGNS holding required, covers up to $3.5k worth of assets, gets you 75% reimbursement in the case of hard rugs and 80% reimbursement in the case of slow rugs)
* Advanced plan (15K $DGNS holding required, covers up to $5k worth of assets, gets you 75% reimbursement in the case of hard rugs and 80% reimbursement in the case of slow rugs)
* Elite plan (30K $DGNS holding required, covers up to $7k worth of assets, gets you 85% reimbursement in the case of hard rugs and 90% reimbursement in the case of slow rugs)
* Ultra Degen plan (80K $DGNS holding required, covers up to $10k worth of assets, gets you 90% reimbursement in the case of hard rugs and 95% reimbursement in the case of slow rugs)

### Hard Rug Pulls

The following criteria must be met for you to be eligible to claim

* you must be holding any of the above amounts of $DGNS and must have paid your premium.
* you must have purchased a plan before the rug pull happened.
* you must still be holding the required amount of tokens under your plan when you go to claim.
* The DEX where the token was traded must have been a well-known and established DEX, and must be based on Ethereum with at least $50M daily trading volume
* No Ponzi schemes or projects with unusually high APYs (>100% APY) are covered. Equally, no Ohm forks or derivatives are covered.
* The project must rug at most 3 hours after its launch for full reimbursement, and you must still be holding 100% of your purchased tokens after the rug.
* The token rugging cannot have been an obvious rug (unlocked liquidity, botted chat, no website, no roadmap, botted socials, etc.
* Newly-made and unestablished meme tokens are not covered.
* Substantial supply must not have been held by the deployer.
* The launch must not have been heavily sniped or have weird pre-launch movement.
* Anti-whale measures must have been taken at launch.
* More than 2 influencers with scamming track records should not be used for marketing purposes.
* The deployer wallet must not have links to previous scams.
* No weird pre-launch token transfers (except publicly stated ones to influencers).
* Pre-launch liquidity must be greater than 2 ETH.
* No unusually high buy/sell tax (>5%).

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### Slow Rug Pulls

The following criteria must be met for you to be eligible to claim

* you must be holding any of the above amounts of $DGNS and must have paid your premium.
* you must have purchased a plan before the rug pull happened.
* you must still be holding the required amount of tokens under your plan when you go to claim.
* The token devaluation must be 90% or higher from where you purchased
* The team must be totally inactive. No mods or team members presence in the group
* The project must have been abandoned within the time in which you purchased and activated your plan.
* You must not be holding >50% of your initial bag if you bought in early and had multiple chances to sell at great gains
* The project must have had a product or visible signs that they were building one (screenshots, GitHub repos, etc)

Before going to claim

* ensure you have tokens in the wallet you're using to claim or the form will not submit
* ensure you have a plan&#x20;

All the above plans last for only **14** days each, at which point you will need to purchase cover again if you wish to be covered. Equally, insurance is offered in tranches of $20,000, at which point another tranche will be opened after the first one closes.

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