"INSCOIN" aims to establish the first insurance company that will accept a Crypto (INSC) for the payment of insurance premiums, and the first that, with the help of the blockchain, will solve the problem of falsification of insurance policies. The KNOX project will be the first insurance company that merges the real world with the digital one using Blockchain technology, creating the most efficient and advanced structure in the sector, to find a solution to the problem of certification and anti-forgery of insurance policies. It will be the first ever to emit insurance policies both in smart-contract and traditional paper form. With the smart contract the spread of false insurance policies is avoided because it is the same system that issues them after receiving the payment. With the smart contract the company won't have delay in collecting credits, as the policy is issued only after receiving the payment.
Introduction of blockchain technology over the years has been a welcome development. There have been a lot of problem facing most sectors before the introduction of blockchain technology. Centralization has caused problems which part of those problems is what we have seen in most of our financial institution which ranges from several banks to insurance companies. Before the introduction of blockchain technology transaction and certification of documents were made in insurance company manually, it doesn’t involve the use of digital currency which this has caused series of issues such as poor policy, forgery, insecurity which shouldn’t have happened in an insurance company and likewise misunderstanding between customers, brokers and the company. These and many more is what KNOX Platform through the use of smart contract on Ethereum blockchain will rectify.
With the smart contract the company won't have delay in collecting credits, as the policy is issued only after receiving the payment. This factor aims to significantly improve the management of the company itself.
With the smart contract in the event of accidents the real judge who will decide whether or not to pay them is no longer the company, which could have an opportunistic behavior, but the blockchain system that, in a totally disinterested by the human opinion, will decide if this accident is compliant with the provisions in the policy.
This benefit will be the most important as it will increase the transparency of the company towards customers.
At the same time as the start of the three insurance companies, once the legal licenses have been obtained, with the help of the funds raised, an internal exchange platform will be created. This platform will have a fundamental role, through it the customer can access the purchase of insurance products oered by our structure.
The main functions of this platform will be: Creation of customized profiles for Brokers, with their personal inscoin wallet.
- Possibility for the Broker to create for all his clients their underlying profiles, combined with his identification code and related wallet inscoin.
- Possibility for each private customer to create their own profile, with relative inscoin wallet. Direct loading of all the policy features for an evaluation and a quote.
- Possibility of paying the policy as described in the previous paragraph. Reception, in case of purchase of the policy, of the address of the smart-contract with which you can verify the authenticity.
The internal platform is fundamental to the project because through it we can manage all the innovations of our project eciently.
Token - INSC
Platform - Ethereum
Type - ERC20
PreICO price - 1 INSC = 0.0002 ETH
Price in ICO - 1 INSC = 0.0002 ETH
Pre-ICO starts - June 23, 2018
Pre-ICO ends - July 7, 2018
Bonus - Available
Min. investment0.1 ETH
Accepting - ETH
Distributed in ICO - 54 %
Soft cap - 4,000 ETH
Hard cap - 39,444 ETH
Tokens for sale - 270,000,000
Unallocated tokens will be burned after the end of the ICO.
The INSCOIN token is a fundamental part of our project. Through it the customer can pay insurance premiums and can access the maximum degree of authenticity of the policy, receiving it in the form of smart contract.
Inscoin's supply will be 500.000.000 and will be distributed like this:
54% Token Sale
15% Blocked reserve (Broker WholeSaler)
10% Team and Advisors
9% Reserves distributed to the 3 insurance Companies (blocked for 3 months and 10% monthly release)
10% Broker Network partnership, Legal and Insurance advisor
2% Airdrop and Bounty program
Study project realization (MARCH 2017)
Establishment of the first collaborative network
Forecast Business plan (MAY 2017)
IT insurance licensed platform (JULY 2017)
Invested €300.000 for certified insurance platform
Insurance partnerships (OCTOBER 2017)
Partnership with more than 300 insurance brokers ready to work with the companies
ICO Planning (FEBRUARY 2018)
ICO planning and development of a marketing plan
PRE-ICO (JUNE 2018)
Start of the PRE-ICO
ICO (JULY 2018)
Start of the ICO
Trade inscoin on the main exchanges (SUMMER 2018)
InsCoin will be listed on main exchanges to guarantee easy implementation to future customers of the companies and proper volumes compared to our income.
Compliance to obtain insurance license (AUTUMN 2018)
We will obtain authorizations from official authorities of the three nations to provide legal insurance service.
Introduction of internal platform (WINTER 2018)
With it the customer will be able to access its policy via smart contract.
Smart contract in the insurance business (WINTER 2018)
The smart contract will be more and more protagonist of the insurance industry
For more information please visit links:
Forum Username : olitaptapan
Forum Profile link : https://bitcointalk.org/index.php?action=profile;u=1566451
wallet address 0x4832C1D8352841b26577695dEc7B741187D5d1fA