INSCOIN: ICO INSURANCE PROGRAM THROUGH BLOCKCHAIN TECHNOLOGY

- July 18, 2018

Maybe everyone is still confused about the blockchain technology insurance.

What is INSCOIN?

What are INSCOIN's benefits?

What is INSCOIN's Vision and Mission?

I will explain below:

Blockchain technology is very important for insurance companies in this way.

Insurance is one of the oldest industries and can be seen as part of the growing modern business that comes to determining communities around the world.

While insurance in the form we know today began with the first insurance agreement in 1347, methods have been observed for the transmission and distribution of risks in the Chinese monetary economy in the third millennium BC.

One thing that has determined the insurance sector for thousands of years is its ability to adapt its practices to fit the changing technological landscape.

From contracts written on parchment to websites and large data, the industry has changed rapidly. Blockchain is the latest technology player switch to include images, and many predict that distributed executives can have a profound effect on how insurance companies work.

An important issue that seems to be designed by blockchain technology is the underlying principle of good faith in insurance contracts.

This principle states that every party who has an insurance contract has a legal obligation to act with a standard of "greater honesty" than usual in most commercial contracts. "This means that insurance companies are obliged to believe that they are told the truth of people who want to take out insurance.

This is different from other contracts, which are usually based on the principle of 'let the buyer beware.

This is the activity of illegal activities due to decentralization. Also increase the company's cash flow, eradicate the decision in the amount to be paid under the contract signed by the client. Also help brokers, receive direct commissions.

The KNOX Project will be the first insurance company to involve the world with blockchain technology, to create certification and insurance policies

The INSCOIN project intends to use, among many available, the Ethereum blockchain, which currently presents the largest number of real cases in use and the service economy and transactions currently in operation. Ethereum provides, using ERC20 infrastructure and technology, the creation of digital personalized coins from token publishing that allows to support entrepreneurial projects. Token sales allow the company to gather the necessary economic resources for project development where the token itself will play a key role. Token in this sense allows the possibility of new technologies that offer innovative services.

INSCOIN => This is the crypto currency that will be used for each activity or transaction at https://www.inscoin.co/ Insurance Company.

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

Work on this project was started in March 2017 (if you believe the road map) and to date more than 300 insurance brokers of the world have already agreed to cooperate. In 2018, the company plans to facilitate its users cashing INSC if necessary.

Realization of study project (MARET 2017)
Team Building
Establish the first collaboration network
Business Plan Forecasts (MEI 2017)
Legal consultation
Invest € 150,000
IT Insurance licensed platform (JULY 2017)
Invested € 300,000 for certified insurance platform
Insurance partnership (OCTOBER 2017)
Partnership with over 300 insurance brokers ready to work with the company
ICO Planning (FEBRUARY 2018)
ICO planning and marketing plan development
PRE-ICO (JUNE 2018)
Starting from PRE-ICO
ICO (JULY 2018)
Starting from ICO
Trading inscoin at major exchanges (SUMMER 2018)
InsCoin will be listed on the main exchange to ensure easy implementation for the company's future customers and the exact volume compared to our revenue.
Compliance to obtain an insurance license (AUTUMN 2018)
We will get authorization from the authorized authorities of the three countries to provide legal insurance services.
internal platform ntroduction (WINTER 2018)
With that customers will be able to access their policies through smart contract.
Smart contract in insurance business (WINTER 2018)
Smart contracts will increasingly become the protagonists of the insurance industry

ROADMAP INSCOIN