INSCOIN

muhammadsosa (27)in #ico • 6 years ago

What is InsCoin for Knox?
The KNOX Project will be the first insurance company to combine the real world with the digital world using Blockchain technology, creating the most efficient and sophisticated structure in the sector, to find solutions to certification and anti-counterfeit insurance policies. Policy
insurance
Thanks to the platform developed by knox insurance, the policy will evolve into a fully automated and eliminate the possibility of conflict of interest between the parties involved.

Insurance companies will be established in Lisbon, Dubai, and the Bermuda Islands, to enable Knox insurance to operate in various laws and enable token economies on a global scale.

About InsCoin for Project Knox

"InsCoin for Knox Project" aims to establish the first insurance company to receive Crypto (INSC) for insurance premium payments, and the first, with the help of blockchain, will solve the problem of counterfeiting insurance policies.

The KNOX Project will be the first insurance company to combine the real world with the digital world using Blockchain technology, creating the most efficient and sophisticated structure in the sector, to find solutions to certification and anti-counterfeit insurance policies. This will be the first time issuing insurance policies in the form of smart contracts and traditional paper.

With smart contracts, the spread of fake insurance policies is avoided because it is the same system that issues them upon receipt of payment.

With smart contracts, the company will not have any delay in collecting credits, since the policy is issued only after receiving payment. This factor aims to improve the company's management significantly.

With smart contracts in the event of an accident, real judges who will decide whether or not to pay them are no longer a company, which could have opportunistic behavior, but a blockchain system that, in absolutely no interest in human opinion, will decide whether the accident is in accordance with provisions in the policy.

This benefit will be the most important because it will increase the company's transparency to customers.

KNOX's goal is to achieve, by utilizing blockchain, the decentralization of the entire insurance system. Decentralization means the transformation of traditional insurance policies from paper into smart contracts.

With smart contracts, the spread of fake insurance policies is avoided because it is the same system that issues them upon receipt of payment.
With smart contracts, the company will not have any delay in collecting credits, since the policy is issued only after receiving payment. This factor aims to improve the company's management significantly.
With a smart contract in the event of an accident, the actual judge who will decide whether to pay it is no longer the company, which can have opportunistic behavior, but the block chain system will decide whether the accident is in compliance with the terms of the policy. This benefit will be the most important because it will increase the company's transparency to customers.

How does InsCoin work?

This new project is being developed and used for the Knox ICO Project. And the entire project was 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 lot of information on the company website. Not only that, but the information on the website is broken down into different sections, everything is easy to navigate and gives you everything you need to learn about coins.

How can Blockchain change the insurance industry?

To customers
Smart contracts prevent the spread of fraudulent insurance policies, because that is the same system that will be issued
after payment is received.
Customers have full control over the insurance policy.
Customers can access all WEB services and mobile platforms and check their policies.
For insurance companies
With smart contracts, there will be no delays in premium collection, achieved by increasing the company's cash flow.
Thanks to Blockchain, fraudulent policies will never be forwarded to the company.
Blockchain improves business processes and ensures a truly unshakable security system.
For brokers
Get credibility for policyholders and beneficiaries.
Direct control over its administrative reports.

Immediate commission allocation.

In insurance, how payment is made or what is actually paid is complicated. In the KNOX platform, this issue simply does not exist. INSCOIN Token, a cryptocurrency based on Ethereum ERC20 technology, is used for every payment on the platform. This is goodbye to unfinished insurance claims or late payments since the smartest ethereum technology contracts reached by insurance and insured companies, execute the terms of the agreement guaranteed to make payments immediately. Users can not be fooled, no matter who they are dealing with.

INSCOIN => This is the crypto currency that will be used for each activity or transaction at https://www.inscoin.co/ Insurance Company.

Info Token

Token -
INSC - Ethereum Platform
Type - ERC20
PreICO Price - 1 INSC = 0.0002
ETH price at ICO - 1 INSC = 0.0002 ETH
Pre-ICO begins - June 23, 2018
Pre-ICO ends - July 7, 2018

Bonus - Available

Investment info

Min. 0.1 ETH investment
Receive - 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 ICO ends.

INSCOIN tokens are a fundamental part of our project. Through it the customer can pay the insurance premium and can access the maximum level of authenticity of the policy, receive 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 backup (WholeSaler Broker)
10% Team and Advisor
9% Reserves are distributed to 3 Insurance Companies (blocked for 3 months and 10% monthly release)
10% partnership Network Brokers, Legal Advisors and Insurance
2% Airdrop and Bounty programs