INSCOIN - The First Insurance Company to be Drawn Real World with Digital Using Blockchain Technology

- Juli 30, 2018

About Inscoin

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.

What is InsCoin for Knox?

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.
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The insurance policies issued by Knox Insurance will be both in traditional paper form and in the form of smart contracts, allowing the customer to monitor their policies in real time, in full transparency and safety. Thanks to the platform developed by knox insurance, the policies will evolve to become fully automated and eliminate any possibility of conflict of interest between the parties involved.

Insurance companies will be established in Lisbon, Dubai and the Bermuda Islands, to allow Knox insurance to operate in different legislations and allow a token economy on a global scale.

How does InsCoin work?
This new project is under development and used for the ICO Knox Project. And the whole project was developed to help improve customer relationships with total and full transparency. There is a lot going on with the new company, and there is quite a lot of information on the company website. Not only that, but the information on the website is broken down into several different sections, all of which are easy to navigate through and give you everything you need to learn about coins.

How can Blockchain change the insurance industry?

To customers

Smart contracts prevent the spread of fraudulent insurance policies, since it is the same system that will be issued once payment is received.

The customer has full control over the insurance policy.

Subscribers can access all WEB services and mobile platforms and check their policies.

For insurance companies

With smart contracts, there will be no delays in premium collection, achieved by increasing the company's cash flow.

Thanks to Blockchain, fraudulent policies will never be passed on to the company.

Blockchain enhances business processes and ensures a truly unshakable security system.

For broker
Get credibility for policyholders and beneficiaries.

Direct control over its administrative reports.

Info Token

Token - INSC

Platform - Ethereum

Type - ERC20

PRICO price - 1 INSC = 0.0002 ETH

Price at ICO - 1 INSC = 0.0002 ETH

Pre-ICO begins - June 23, 2018

Pre-ICO ends - July 7, 2018

Bonus - Available

Investment info

Min. investment0.1 ETH

Receive - ETH

Distributed in ICO - 54%

Soft cap - 4,000 ETH

Hard cap - 39,444 ETH

Token on sale - 270.000.000

Unallocated tokens will be burned after the ICO ends

INSCOIN tokens are a fundamental part of our project. Through it the customer can pay the insurance premium and can access the maximum level of authenticity of the policy, receive it in the form of smart contract.

CURRENT DISTRIBUTION

54% of total bids are allocated for token sales

15% Distribution to wholesale trade

10% is allocated to teams and advisors

10% Distribution of network partnerships

9% is allocated to the company

2% is allocated to Airdrop and Bounty

FINANCING DISTRIBUTION

60% is allocated for the manufacture of insurance companies

20% for platform development

10% is allocated for marketing

10% is allocated to backup