Vernam - The Future of Insurance

PRESENTATION

Vernam is a commercial center for insurance policies that is constructed principally upon the blockchain technology. This is a platform that expects to give insurance services to the general population by decreasing the extra costs that are acquired because of the presence of middlemen and brokers. The brokers or agents generally are paid 20% - 30% of the premium as a commission, more often than not for doing repetitive work. This cost is taken up by the client itself, and Vernam tries to break this chain.

CryptoSafe

CryptoSafe is the computerized crypto product of the Vernam platform, and is essentially a smart contract that ensures the customer with compensation in the form of VRN tokens, when an arrangement of characterized occasions happen. Since CryptoSafe is a smart contract, the entire procedure of purchasing to guaranteeing and accepting the claim is mechanized and is fool proof. The smart contract has an expiry period and after achieving expiry, a pre-characterized level of the premium is returned back to the customer.

Vernam Token (VRN)

The Vernam token is an ERC20 compliant token and is used to make transactions within the Vernam network.

Whenever a client requests a new policy, the monetary details are shown in terms of VRN.

When the client proceeds with the transaction, the corresponding number of VRN is deducted from his/her wallet, or is redirected to an exchange for the purchase for required number of VRN. Also the rewards are paid in VRN.

Token Sale details

The token sale is scheduled to start on 8th May 2018, till 18th June 2018.

The price of the token varies according to the stage of the token sale.

During the first stage, which is the first three hours of sale, the tokens are available at 40% discount, at $0.051.

After day 1, the token price becomes $0.068, after a discount of 20%. From day 2 to day 7, the price after 10% discount is $0.077. After that the price is $0.085 per token and investors can get 15% discount if their transaction amount is greater than 15ETH.

Bonus Distribution

Token Allocation

Vernam platform will distribute about 1 million VRN tokens to its shareholders

50% - distributed through public token sales

20% - reserved in the Cryptosafe insurance fund

15% - allocated to founders and team

7% - allocated among advisors and the ambassadors

3% - distributed through the bounty programs

STANDPOINT(Advantage)

The preferred standpoint of Vernam, among the business, is the absence of expenses. The typical insurance charge is around 30 percent. Thus, you are paying a major measure of cash in vain. The Vernam takes care of this issue, by giving their clients, this 30 percent back! Truly, you heard it. Basically by utilizing the Vernam stage, you will get this 30 percent in a type of a Cashback! This is completely astonishing. Another intriguing component of this undertaking is the utilization of blockchain innovation. On account of the blockchain, your own information will be secured and you don't have to stress over your assets, in light of the fact that blockchain will ensure the assurance of your assets.

Team

Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time...

For more information, please visit:

Website: https://www.vernam.com/

Whitepaper: https://www.vernam.com/assets/uploads/Whitepaper_Beta_v015.pdf

Telegram: https://t.me/vernam

Facebook: https://www.facebook.com/vernamofficial/

Twitter: https://twitter.com/vernamofficial

LinkedIn: https://www.linkedin.com/company/vernam/

Youtube: https://www.youtube.com/channel/UCA8UEt0D3dxJbt945F__A9w

Medium: https://medium.com/@vernam.official/

Author: TheMichaelMatch

My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035

Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.