Inscoin - The Iniator Decentralized Insurance Company based Blockchain

ikkinobleart (28)in #blockchain • 6 years ago

Inscoin For Knox

The KNOX project will be the first insurance company to combine the world of the world with the newcomers to blockchain technology, creating the most efficient and advanced structure in the industry, to find a solution to the problem of certification and insurance policies.

The insurances issued by Knox Insurance will be in traditional paper form and in the form of smart contracts, allowing the customer to follow up on his policy in real time, in full transparency and security. Thanks to the platform developed by knox insurance, the policy will be fully automated and will eliminate any possibility of conflicts of interest between the parties involved.

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.

The First Project in the Digital World

The KNOX Project will be the principal insurance agency to join this present reality with computerized innovation with Blockchain, making the most proficient and propelled structure in the business, to discover answers for accreditation and duplicating protection arrangements.

Keen contracts abstain from spreading counterfeit protection strategies since it is a similar framework that issues endless supply of installment. With shrewd contracts, the organization isn’t deferred in gathering credits on the grounds that the strategy is just issued after installment is gotten. This factor is planned to essentially enhance the administration of the organization itself.

How it works

The new project is currently in development and used for the Knox Project ICO. And the entire project is developed to help improve customer relationships with total and full transparency. There is a lot going on with the new company, and there is quite a bit of information on the company website. Not only that, but the information on the website is broken up into several different sections, all which are easy to navigate through and provide you with everything you need to learn about the coin.

The project has several different areas as said before. The first of which is the summary of the Insacoin project. And not only that, but the White Paper is also available too and full of information that is required to teach you about the project and everything going on in it.

And with the road map at hand, you can easily stay up to date on study projects, realizations for the company, such as the vision and even forecast new business plans. There are plenty of other general documents that are available as well.

How can Blockchain change the Insurance Industry ?

For Costumers

Smart Contract will prevent the diffusion of fradulent insurance policies which maybe very hard for the costumer to understand because it is the same smart contract that will execute the policy.
The costumer will have full control because everything is viewable and checkable on the public blockchain.
He or she will also be able to access all details about an insurance company on the internet with his phone o computer

For Insurance Companies

There will not be any delay in collecting premiums with the help of the automated smart contract.
A fradulent policy cannot be charged with the company.
Blockchain improve operational processes and ensures unassailable security system.

For Brokers

It will ensure earning credibility in front of policy holders and beneficiaries
Instant check up of his admins.
Imediate allocation of commissions.

Token Sale

The Token sale is divided into two parts: PRE-ICO and ICO.
Total supply is 500.000.000 INSC
Maximum PRE-ICO Cap is 7.500 ETH
Maximum ICO Cap is 31.944 ETH

Token Details

Ticker : INSC
Platform : Ethereum
Type : ERC20
Total Supply : 500'000'000 INSC
Token for sale : 270'000'000 INSC

Price at Pre-ICO : 1 INSC = 0.0002 ETH
Price at ICO : 1 INSC = 0.0002 ETH
Pre-ICO date : June 23 — July 7, 2018
ICO date : July 23 — August 23, 2018
Soft cap : 4,000 ETH
Hard cap : 39,444 ETH
Exchange rate : 1 ETH = 5'000 INSC

Token Allocation & Use of Funds