Ins for KNOX - First Insurance Company that Merges the Real World with The Digital One Using Blockchain Technology
This is a large company that has introduced the addition of blockchain technology to the existing method it used before with the use of cryptocurrency to find a possible solution to falsification, certification and other problems. problems that arise in the platform. The policy adopted by Knox Company will support the old method and the application of a new method to solve the problem faced by an insurance company. The insurance company KNOX will be located in the following places Lisbon, Dubai and Bermuda to allow its free operation without any restriction.
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| Sources: https://inscoin.co/ |
Blockchain technology is very important for insurance companies. It saves the customer from illegal activities due to its decentralization. In addition, it increases the cash flow of the company by eradicating the delay of an amount to be paid for a contract made by the customer. Also, he helps brokers by earning an instant commission without delay.
The Advantages
For the customers
- The use of Smart Contract prevents fraudulent insurance policies, since the same system will grant them after payment.
- The customer has full control over Blockchain written insurance policies, which can be verified by anyone at any time.
- The customer can access all the services of the company and check their policies by visiting WEB and mobile platform.
For insurance companies
- Because of the smart contracts, there will be no delay in the collection of premiums, it goes considerably increase the cash flow of the business.
- Thanks to Blockchain, the company can not be accused of fraud.
- Blockchain technology improves business processes and provides truly impenetrable security system.
For brokers
- Gain confidence before the holders and beneficiaries.
- Instant inspection report by administrators.
- Immediate distribution of commissions.
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| Sources: https://inscoin.co/ |
ICO Information
INSCOIN => Cryptocurrency will be used for any activity or transaction on https://www.inscoin.co/ Insurance Company.
TOKEN
Token symbol => INSC
Token type => ERC20 (Ethereum Network)
Token Total Supply => There is a total provision of 500,000,000INSC
TOKEN SALE => There is a total amount
270 000 000INSC allocated for the sale of chips
Exchange rate => The token will exchange at the rate of 1ETH = 5000INSC.
Soft Cap = There is a software cap of 4000 ETH which is very good for the project.
Hard cap => Hard cap of 39,444 ETH while the unsold token will be destroyed after the symbolic sell period.
PRE-ICO => Pre-Ico for early investors starts on June 23, 2018 and ends on July 7, 2018.
ICO => Ico starts on July 23, 2018 and ends on August 23, 2018, which corresponds exactly to a period of 1 month.
Additional bonuses have been allocated at each stage of the ICO, which is a good development for investors
At the same time as the start of the three insurance companies, once the legal licenses have been obtained, using the funds raised, an internal exchange platform will be created. This platform will have a fundamental role, thanks to which the customer will be able to access the purchase of insurance products offered by our structure.
The main functions of this platform will be: Creating custom profiles for brokers, with their personal inscoin portfolio.
- Possibility for the broker to create for all his clients their underlying profiles, combined with his identification code and his associated inscoin.
- Possibility for each private client to create their own profile, with a relative inscoin portfolio. Direct loading of all the features of the policy for an evaluation and a quote.
- Ability to pay 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 will be able to verify the authenticity.
The internal platform is fundamental to the project because it allows us to manage all the innovations of our project in a ciently.
Token Alocation
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.
For more information:
Website : https://www.inscoin.co
Telegram: https://t.me/inscoinico
Twitter: https://twitter.com/inscoinforknox
Reddit: https://www.reddit.com/r/InsCoin
Author by:
Bitcointalk forum username: nakamaye
Profile Link: https://bitcointalk.org/index.php?action=profile;u=1912512
My wallet addres: 0xaabE94FfEe84CbE596bBbda433D665238C1E8329
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