InsCoin for Knox : first blockchain technology based insurance company
The KNOX is going to be the first revolutionary Blockchain based insurance company that links the real world with the Blockchain technology. It will bring more efficient and advanced structure into insurance Industry while giving solutions to the problem of certification and anti-forgery of insurance policies
The bitcoin first introduced in 2008, followed by a large number of cryptocurrencies up to now. The blockchain technology has been introduced to a large number of sectors successfully generating more efficiency and security. The INSCOIN plans to use, among the many available networks, the Ethereum blockchain, which currently gives the highest number of real used cases and economy of services and transactions currently in operation.
The aim of KNOX is to reach, by utilizing the blockchain, decentralization of the whole insurance system. The advantage of using this decentralization process is that KNOX can transform the traditional insurance policies from paper into smart contracts.
- Use of smart contract the spread of false insurance policies can be avoided
- Use of smart contract the delays in collecting credits can be avoided
- Use of smart contract increase transparency of the company towards customers.
How can the Blockchain change the Insurance sector?
For customers:
- Smart contracts prevent the diffusion of fraudulent insurance policies.
- The customer has full control of insurance policy
- Subscribers have the online accessibility and check their policy status
For insurance companies:
- With smart contracts, there won’t any delays in premium collection
- Due to the Blockchain technology, fraudulent policies will not come on to the company
- Blockchain vastly improve the efficiency of operational process and security
For Brokers:
- Brings credibility for policyholders and beneficiaries
- The quick check of administrative reports Instant commission allocation
How does it work on Blockchain Technology?
Use of Tokens
- 54% =for Token Sale
- 15%= Blocked reserve
- 10% =Team and Advisors
- 9% = Reserves distributed to the 3 insurance Companies
- 10% =Broker Network partnership, Legal and Insurance advisor
- 2% = Airdrop and Bounty
Deflation plan
Token Sale Details:
Total supply is 500.000.000 INSC Max PRE-ICO Cap is 7.500 Ethereum (ETH)
Max ICO Cap is 31.944 Ethereum (ETH)
Soft cap: 4000 Ethereum (ETH)
Hard cap: 39.444 PRE-ICO
Road Map
Executive Team
Team
Advisers
For more information:
- Website : https://www.inscoin.co/
- Whitepaper : https://inscoin.co/documents/Whitepaper-EN.pdf
- Telegram: https://t.me/inscoinico
- Linkedin: https://www.linkedin.com/company/inscoin-holding-ou/
- Twitter: https://twitter.com/inscoinforknox
- Facebook: https://www.facebook.com/Inscoin-for-Knox-1802470656458272/
- Reddit: https://www.reddit.com/r/InsCoin/
my conclusion - InsCoin is a very promising project with a revolutionary concept from a very strong team. It will bring lot of technological advantages of using blockchain technology to the insurance industry which will be a great turning point in whole insurance industry in future .
Author ID : cryptoku
My Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1728903
From your little analysis.. This project need to be check out by me. I will read on website and whitepapar to know how purchase the token
Nice write up dude!!
This post has received a 5.35 % upvote from @boomerang.
This is an advertised post
The author of this post or one of his supporters has used one or more paid services to promote this post. This post's valuation and number of upvotes does not represent human curation. This means this post's valuation does not represent community appreciation and should be viewed as advertised content.
If you are new to these services please be warned that bid voting is a huge gamble with little return on investment if not utilized right and might also lead to a net loss.
If you like this service please update this comment for visibility and to support paying for the server costs.