InsCoin for Knox Project" aims to establish the first insurance company that will accept a Crypto (INSC) for the payment of insurance premiums, and the first that, with the help of the blockchain, will solve the problem of falsification of insurance policies.
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. It will be the first ever to emit insurance policies both in smart-contract and traditional paper form.
The KNOX project will be the first insurance company to combine the real world with the digital with Blockchain technology, creating the most efficient and advanced structure in the industry, to find a solution to the problem of certification and falsification of insurance policies.
The smart contract avoids spreading counterfeit insurance policies because it is the same system that issues them after receiving the payment.
With the smart contract, the company is not delayed in collecting credits because the policy is only issued after the payment is received. This factor is intended to significantly improve the management of the company itself.
What it Intends to Use:
The INSCOIN project intends to use, among the many available, the Ethereum blockchain, which currently presents the largest number of real used cases and economy of services and transactions currently in operation. Ethereum makes available, using its infrastructure and ERC20 technology, the creation of digital private coins of controlled issuance (token) with which it is possible to support an entrepreneurial project. The sale of tokens allows companies to gather economic resources necessary for the development of a project in which the token itself will play a key role. The token in this sense enables new technological possibilities that o?er innovative services.
The smart contract avoids spreading counterfeit insurance policies because it is the same system that issues them after receiving the payment.
With the smart contract, the company is not delayed in collecting credits because the policy is only issued after the payment is received. This factor is intended to significantly improve the management of the company itself.
With the smart contract in the case of accidents, the real judge who decides whether or not to pay is no longer the company that could have opportunistic behavior, but the blockchain system that, totally uninterested in the human opinion, will decide whether this accident meets the stipulations in the policy. This benefit will be the most important because it increases the transparency of the company to customers.
The KNOX project will be the first insurance company to combine the real world with the digital with Blockchain technology, creating the most efficient and advanced structure in the industry, to find a solution to the problem of certification and falsification of insurance policies.
The smart contract avoids spreading counterfeit insurance policies because it is the same system that issues them after receiving the payment. With the smart contract, the company is not delayed in collecting credits because the policy is only issued after the payment is received. This factor is intended to significantly improve the management of the company itself.
5 Reasons for Investing in INSCoin.
To begin with, the team is an explosive mix of ambitions young boys and experts in the field.
The INSCoin team is young, ambitious and open to investors and users, in addition to more than 10 developers under 30 there are insurance experts who have founded and led an insurance company such as our CEO Agostino Luongo (Hill company Ltd) and our partners. view them on our website
Furthermore, they are not afraid to show their faces and names on social media, it's easy to find information about every member of the team on the inscoin.co website.
Secondly, a smarter way to change the insurance sector. Many of the crypto projects that have tried to disrupt the insurance sector have started from a decentralized perspective, which will scarcely be able to operate in the real world without being dependent on a real company.
In inscoin for knox we wanted to do things differently, we are big fans of decentralized platforms, in fact we will rely on the Ethereum network for the deployment of our smart contracts, but behind our symbolic inscoin will be set up from 1 to 3 companies based on the number of ETHs collected, remember that companies in the real world need a security fund of several million dollars to be legally set up, with offices on the Bermuda Islands, Dubai and Portugal.
Also, it is CUSTOMIZED! The blockchain fits perfectly into the insurance world.
Blockchain in its public implementations solves the fundamental problem of creating a trustless and permissionless network, whereby the participants can consider a transaction as valid, and thus also a possible related certification, thanks to the consent mechanism generated by the system of incentives and negative incentives between the parties involved. The non-falsifiable certification of documents is one of the most important applications of Blockchain technology, as certified
In Addition, the deflection plan is the murderer property of the ins coin token
Finally, an ambitious roadmap and already implemented relevant investments.
Token information
Token - INSC
Platform - Ethereum
Type - ERC20
PreICO price - 1 INSC = 0.0002 ETH
Price in ICO - 1 INSC = 0.0002 ETH
Pre-ICO starts - June 23, 2018
Pre-ICO ends - July 7, 2018
Bonus - Available
Investment information
Min. investment0.1 ETH
Accepting - 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 end of the ICO.
Distribution of INSCOIN Supply
Inscoin's supply will be 500.000.000 and will be distributed like this:
54% Token Sale
15% Blocked reserve (Broker WholeSaler)
10% Team and Advisors
9% Reserves distributed to the 3 insurance Companies (blocked for 3 months and 10% monthly release)
10% Broker Network partnership, Legal and Insurance advisor
2% Airdrop and Bounty program
For more information, visit these links:
Website: https://www.inscoin.co/
Whitepaper: https://inscoin.co/assets/content/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/
Written By: Abbeystephen
My Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2143170
Secondly, a smarter way to change the insurance sector. Many of the crypto projects that have tried to disrupt the insurance sector have started from a decentralized perspective, which will scarcely be able to operate in the real world without being dependent on a real company.
In inscoin for knox we wanted to do things differently, we are big fans of decentralized platforms, in fact we will rely on the Ethereum network for the deployment of our smart contracts, but behind our symbolic inscoin will be set up from 1 to 3 companies based on the number of ETHs collected, remember that companies in the real world need a security fund of several million dollars to be legally set up, with offices on the Bermuda Islands, Dubai and Portugal.
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