Ins for KNOX - First Insurance Company that Merges the Real World with The Digital One Using Blockchain Technology

Alfarisy July 15, 2018 Bounty

The INSCOIN project intends to use the Ethereum Blockchain, among the many available, which currently has the highest number of actual use cases and service savings and ongoing transactions. Ethereum makes available, using its infrastructure and technology ERC20, the creation of digital private controlled emission (token) with which it is possible to support an entrepreneurial project. The sale of chips allows businesses to gather the economic resources needed to develop a project in which the token itself will play a key role. The sign in this direction allows new technological possibilities for innovative services.

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.

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.

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