INSCOIN Revolutionizing the Insurance Industry

hayzed88 (12)in #ico • 6 years ago

Insurance grey areas

With the advent of the digital age, the insurance industry has seen radical changes in the way things are done. Gone are the days when words of mouth were the only means guarantee that a transaction or commodity has been insured. Now, insurance premium has lots of paperwork with signatures hurdled with double-dealings which could take a long time and expert services to uncover. Also, there is the problem of parties defaulting in payment. The insurance industry, like its banking counterpart, requires a lot of transparency which is unattainable with the current arrangement.

The Panacea

The KNOX platform, built on the impregnable blockchain technology, provides an avenue for both parties – the insurer and the insured – to reach an agreement which is not susceptible to any sharp practices and without any delayed payments. It eliminates the use of the conventional paperwork arrangement and its inherent flaws. It uses a smart contract which is executed the moment the terms of the agreement are fulfilled.

Payment is usually the hotbed of any contractual arrangement. The KNOX platform uses the INSCOIN token – a digital coin based on the reputable Ethereum ERC20 technology. This is the basis of the smart contract highlighted earlier. With the token, individuals can pay for their insurance premium and coverage is certified automatically.

Funds Generation

Pre-ICO starts: June 23, 2018

Pre-ICO ends: July 7, 2018

Soft Cap: 4’000 ETH

Hard Cap: 39’444 ETH

Symbol: INSC

Tokens for sale: 270’000’000 ISNC

Total Supply: 500’000’000 INSC

Exchange rate: 1 ETH = 5’000 INSC

Pre-sale Price: 1 INSC = 0.0002 ETH

Accepted currency: ETH

Bonuses: Up to 30%

Tokens not allocated with the conclusion of the ICO will be degraded

Token Allocation In Below Image

Fund Allocation In Below Image

The Team

To set up a platform which involves insurance companies is not very easy. You need experts from the financial sector, insurance, and information technology at the very least. The KNOX has put together experts from all these areas and more. The whitepaper of the project contains information regarding these individuals.

Roadmap

Useful Links=>

Website=>https://inscoin.co

Whitelist=>https://my.inscoin.co/register

Whitepaper=>https://inscoin.co/#whitepaper

Telegram=>https://t.me/inscoinico

Twitter=>https://twitter.com/InsCoinforKnox

Reddit=>https://www.reddit.com/r/InsCoin/

Bitcointalk=>https://bitcointalk.org/index.php?topic=4422850.msg%msg_id%

Linkedin=>https://www.linkedin.com/company/inscoin-holding-ou/

Bitcointalk Profile Link=>https://bitcointalk.org/index.php?action=profile;u=1293385;sa=summary

Bitcointalk Username=>Olateju