InsCoin

cryptoforyou (35)in #ico • 6 years ago

Greetings to the whole community, I am passionate about the crypto coins and a follower of good projects. In this new publication I would like to present the InsCoin project. I'm sure you've heard a lot about Blockchain, Bitcoin, Ethereum, Crytocurrencies, ICO ... but InsCoin blockchain is the coolest, and for more details we're going to the following topics:

If we observe how society has evolved, from tribal societies we have moved to a different social structure in the modern world where people work in a specialized way and can do so in a global environment, from anywhere in the world due to the advent of technology and Internet.

Insurance is one of the oldest industries, and can be seen as representing part of the growth of the modern business which has come to define societies all over the world. While insurance in a form we would recognise today began with the first insurance contract in 1347, methods for transferring and distributing risk in a monetary economy have been observed in China in the third millennia BC.One thing that has defined the insurance sector over thousands of years is its ability to adapt its practices to fit with a changing technological landscape. From contracts written on parchment to websites and big data, the industry has changed rapidly.

Blockchain is the latest technological game changer to enter the picture, and many are predicting that distributed ledgers could have profound effects on the way that insurance companies are able to operate. One important issue that blockchain technology seems tailor made to address is the underlying principle of ‘utmost good faith’ in insurance contracts. This principle states that every party entering into an insurance contract has a legal obligation to act with a standard of “honesty greater than that usually required in most commercial contracts”. This means that the insurer is required to trust that they are being told the truth by the person looking to take out insurance. This differs from other contracts, which are usually based on the principle of ‘let the buyer beware’, or the idea that the buyer assumes the risk that the product may fail to meet their expectations.

Applying blockchain to this issue would mean that both the insurance contract and the consumer’s personal data could be stored on a distributed ledger, with the consumer being in control of who has access. The data remains stored on the user’s personal device and this may eliminate the need for brokers and other intermediaries that have emerged as mediators between insurers and consumers. Not only does blockchain offer the promise of cost reduction and efficiency, but it could also enable revenue growth, as insurers attract new business through higher-quality service.

Blockchain technologies can help the wholesale insurance sector fulfill its role in underpinning the global economy more effectively. Just as blockchain is being pursued as a force for positive change in other areas of society – from identification for refugees to better public service delivery – it can also help wholesale insurance to discharge its responsibilities for the common good.

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. 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. 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.

If you want more information about this project and you want to obtain information about technical specifications and other interesting information, we can only encourage you to read a detailed report with which you can get an idea of the size of the project and its possible expansion and applications. We invite you to visit the WHITEPAPER and get in touch with us through the Telegram group. Do not miss this great opportunity that this great team offers you.

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. 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.

Token Information :

Ticker: INSC

Type: ERC20

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Total Supply: 500’000’000 INSC

Tokens for sale: 270’000’000 ISNC

Exchange rate: 1 ETH = 5’000 INSC

Soft Cap: 4’000 ETH

Hard Cap: 39’444 ETH

Unallocated tokens will be burned after the end of the ICO.

Pre-ICO starts: June 23, 2018

Pre-ICO ends: July 7, 2018

‍Pre-sale Price : 1 INSC = 0.0002 ETH

ICO Price: 1 INSC = 0.0002 ETH

Accepting: ETH

Soft cap: 4000 ETH

Hard cap: 39444 ETH

Bonuses: Up to 30%

ICO starts: July 23, 2018

ICO ends: August 23, 2018

Join our team and buy your TOKENS InsCoin and enjoy the benefits offered by the most advantageous platform in the market. Do not waste any more time and join our Telegram group so that you can communicate with us and clarify any questions you may have. Do not miss this great opportunity offered by the InsCoin project.

Take advantage of the available bonuses from the early stages of pre-sale. (ICO). Visit our WEBSITE so you can find out more about the benefits of this great project.