INSCOIN - The First Decentralized Insurance Company
"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.
With the smart contract the spread of false insurance policies is avoided because it is the same system that issues them after receiving the payment.
With the smart contract the company won't have delay in collecting credits, as the policy is issued only after receiving the payment. This factor aims to significantly improve the management of the company itself.
With the smart contract in the event of accidents the real judge who will decide whether or not to pay them is no longer the company, which could have an opportunistic behavior, but the blockchain system that, in a totally disinterested by the human opinion, will decide if this accident is compliant with the provisions in the policy.
This benefit will be the most important as it will increase the transparency of the company towards customers.
The goal of KNOX is to reach, by exploiting the blockchain, a decentralization of the whole insurance system. Decentralization means the transformation of traditional insurance policies from paper into smart contracts.
- With the smart contract the spread of false insurance policies is avoided because it is the same system that issues them after receiving the payment.
- With the smart contract the company won't have delay in collecting credits, as the policy is issued only after receiving the payment. This factor aims to significantly improve the management of the company itself
- With the smart contract in the event of accidents the real judge who will decide whether or not to pay them is no longer the company, which could have an opportunistic behavior, but the block-chain system will decide if this accident is compliant with the provisions in the policy. This benefit will be the most important as it will increase the transparency of the company towards customers
As you can understand the introduction of the smart contract is an important step towards a fair relationship between the company and the customer. A relationship that favors the maximum transparency and that will allow the same company to have a reputation of behavioral seriousness never seen before, which is very important since in the insurance sector the NAME and the REPUTATION are the main factors.
InsCoin Patform
At the same time as the start of the three insurance companies, once the legal licenses have been obtained, with the help of the funds raised, an internal exchange platform will be created. This platform will have a fundamental role, through it the customer can access the purchase of insurance products o ered by our structure.
The main functions of this platform will be: Creation of customized profiles for Brokers, with their personal inscoin wallet.
- Possibility for the Broker to create for all his clients their underlying profiles, combined with his identification code and related wallet inscoin.
- Possibility for each private customer to create their own profile, with relative inscoin wallet. Direct loading of all the policy features for an evaluation and a quote.
- Possibility of paying the policy as described in the previous paragraph. Reception, in case of purchase of the policy, of the address of the smart-contract with which you can verify the authenticity.
The internal platform is fundamental to the project because through it we can manage all the innovations of our project e ciently.
Token Sale
Ticker: INSC
Type: ERC20
Total Supply: 500’000’000 INSC
Tokens for sale: 270’000’000 ISNC
Exchange rate: 1 ETH = 5’000 INSC
Soft Cap: 4’000 ETH
Hard Cap: 39’444 ETH
Unallocated tokens will be burned after the end of the ICO.
Pre-ICO starts: June 23, 2018
Pre-ICO ends: July 7, 2018
Pre-sale Price : 1 INSC = 0.0002 ETH
ICO Price: 1 INSC = 0.0002 ETH
Accepting: ETH
Soft cap: 4000 ETH
Hard cap: 39444 ETH
Bonuses: Up to 30%
ICO starts: July 23, 2018
ICO ends: August 23, 2018
Allocation Token:
Token sales = 54%
WholeSaler Broker = 15%
Team and Advisors = 10%
Network Partnership Brokers = 10%
Reserves for 3 companies = 9%
Airdrop and Bounty Program = 2%
Fund Usage:
Setting Insurance Company = 60%
Platform Development = 20%
Marketing = 10%
Reserve fund = 10%
Roadmap
March 2017
Study Project realizationTeam building Establishment of the first collaborative network
May 2017
Forecast Business plan
Legal consulting
Invested €150’000
July 2017
IT insurance licensed platform
Invested €300’000 for certified insurance platform
October 2017
Insurance partnerships
Partnership with more than 300 insurance brokers ready to work with the companies.
June - Agustus 2018
Token Sale
Starts of the token sale.
September 2018
Trade INSCOIN in main exchange
Inscoin will be listing on main exchange
to guarentee easy implementation to future customers of the companies and proper volume compared to our income.
Q3 2018
Compliance to obtain insurance license
We will authorization from authorities of the three nation to provide legal insurance service.
Q4 2018
Introduction of internal platform
With it the customer will be able to access its policy via smart contract.
Q4 2018
Smart contract in the insurance business
The smart contract will be more and more protagonist of the insurance industry.
More complete information about InsCoin visit the link below:
Website: https://inscoin.co/
Whitepaper: https://inscoin.co/#whitepaper
Ann Thread: https://bitcointalk.org/index.php?topic=4422850
Twitter: https://twitter.com/INSCOINforknox
Telegram: https://t.me/inscoinico
Author: godogedang
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1120880
Eth Address: 0xDf79B3C99226FfCd975Af6D64bFeeE62Cb05C5E3
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