INSCOIN-The First Blockchain Based Insurance Company

ardibimbim (9)in #bitcoin • 6 years ago (edited)

Greetings Success For Steemit Comunity ...

Allow me to review the project that will lead you to the next success.

What is InsCoin for Knox?

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.

The insurance policies issued by Knox Insurance will be both in traditional paper form and in the form of smart contracts, allowing the customer to monitor their policies in real time, in full transparency and safety. Thanks to the platform developed by knox insurance, the policies will evolve to become fully automated and eliminate any possibility of conflict of interest between the parties involved.

Insurance companies will be established in Lisbon, Dubai and the Bermuda Islands, to allow Knox insurance to operate in different legislations and allow a token economy on a global scale.

Why can the Blockchain change the Insurance Industry?

HOW IT WORKS ON BLOCKCHAIN?

The certification of the authenticity of the policies will be carried out partly on the internal platform of Knox Insurance and partly on the Blockchain of Ethereum. At the end of the certification process, will be issued a smart contract that combines the authenticity and coverage of the policy while respecting the privacy rights of the contracting parties.

Knox insurance issues paper-based policy. inside the policy customer will find the serial number of the policy and uniqe barcode.
The beneficieryhas to activate the policy on the dedicated section [n INSCOIN platform entering the derial number and code underneath the barcode.
Once the required data are provided,the system will release a certified PDF file where the therm of the policy are stated.It will certify the coverage and authenticity TOO.
At this point.Knox insurance will issue the policy in a smart contract form.It will contain the following informations.
If tehe issued policy turns out to be not hedged.the contractor will be required to pay the premium as indicated in the White Paper.

Deflation Plan and Token Economy

https://youtu.be/hCqPOzBbHCA

Information about token

Token -

INSC Platform -

Ethereum Type - ERC20

PreICO Price - 1 INSC = 0.0002

ETH price at ICO - 1 INSC = 0.0002 ETH

Pre-ICO begins - June 23, 2018

Final ICO - July 7, 2018.

Bonus - Available

Information about investment

Minimum investment0.1 ETH
Accepting - ETH
Distributed in ICO - 54%
Soft cover - 4000 ETH
Hard cover - 39 444 ETH

Tokens for sale - 270 000 000

Tokens not committed will be burned once ICO ends.

The INSCOIN icon is a fundamental part of our project. Because of this, clients can pay insurance premiums and gain access to the highest level of policy authenticity, accepting them in the form of smart contracts.

The Inscoin fee will be 500,000,000 and will be distributed as follows:

54% Token Sale
15% Reserve Locked (Broker Wholesaler)
10% team and advisors
9% Allowance allocated 3 insurance companies (blocked for 3 months and 10% of monthly production)
10% Brokers Network Partnership,
legal matter consultant and insurance company 2% Airdrop and Bounty

Token Sale

Roadmap

We have already made significant investments and closed important collaborations with market players in the Pre-ICO phase. Our in-depth knowledge of the insurance world has enabled us to draw up this roadmap as accurately as possible.