Latest News About Insurance

- August 12, 2018

Blockchain technology is very important for insurance companies in the following ways.

* Allows customers to avoid illegal activities due to decentralization.

* Increase the company's cash flow, eradicate delays in the amount that must be paid in accordance with the contract signed by the customer.

* Helps brokers, immediately receive commissions.

The KNOX project will be the first insurance company to combine the world of newcomers with blockchain technology,

to create certification and insurance policies.

The KNOX project will be the first insurance company to combine the real world with the digital world using Blockchain technology,

creating the most efficient and sophisticated structure in the industry, to find solutions for certification and anti-counterfeiting insurance policies, as described above.

"InsCoin for Knox Project" aims

Established the first insurance company to receive Crypto (INSC) for payment of insurance premiums, and the first, with the help of blockchain, will solve the problem of counterfeiting policies.

With smart contracts, the spread of fake insurance policies is avoided because it is the same system that issues them when payments are received.

The INSCOIN project intends to use, among the many available, the Ethereum blockchain, which currently presents the largest number of real cases used and the service economy and transactions currently operating.

Ethereum provides, using ERC20 infrastructure and technology, the creation of personalized digital coins from publishing tokens that allow it to support entrepreneurial projects.

Token sales allow companies to collect the economic resources needed for project development, where the token itself will play a key role.

Tokens in this sense allow for the possibility of new technologies that offer innovative services.

KNOX goal

To achieve, using blockchain, decentralize the entire insurance system. Decentralization means the transformation of traditional insurance policies from paper to smart contracts.

This new project is being developed and used for the ICO Knox Project. And all projects have been developed to help improve customer relations with total and complete transparency.

There are lots of things to do with a new company and there is a lot of information on the company's website.

Not only that, but the information on the website is divided into sections, all easy to navigate and gives you everything you need to know the coins.

Authenticity certification

The policy will be carried out partly on Knox Insurance's internal platform and partly on Blockchain Ethereum. At the end of the certification process, a smart contract will be issued that combines the authenticity and scope of the policy while respecting the privacy rights of the contracting party.

Deflation and Economic Token Plan

15% of the supply (the WhoSaler backup broker) will, at the end of the ICO, be temporarily blocked by a smart contract for 1 year. Starting from this basis we have predicted a further reduction of working capital based on the sale of insurance policies. Collecting premiums in inscoin is articulated like this:

$ 1'000'000 1% must be paid in INSC.

$ 100'000, 3% must be paid at INSC.

$ 50'000 5% is paid in INSC.

$ 10'000 10% must be paid at INSC.

$ 500 20% must be paid in INSC.

Inscoin collected per single policy, immediately after being received by the company, will be blocked by a smart contract for a period of one year.

After this, they will then be released at a quarterly rate of 25% of the total received and used to support increased turnover of the three companies and ensure a healthy token economy.

Token -
platform
INSC - Type Ethereum -
Price of ERC20 PRICO - 1 INSC = 0.0002
The price of ETH to ICO - 1 INSC = 0,0002 ETH
Pre-ICO begins - 23 June 2018 End
pre-ICO - 7 July 2018

Min. Investment 0,1 ETH
Accept - ETH
distributed in ICO - 54%
Soft stamp - 4,000 ETH
Hard cap - 39,444 ETH

Tokens for sale - 270,000,000 Tokens
not assigned to be burned after the conclusion of the ICO

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

54% of the total bids are allocated for the sale of tokens
15% Distribution to Il wholesale trade
10% are assigned to teams and consultants
10% Distribution of network partnerships
9% were assigned to Il
2% is assigned to Airdrop and Bounty

60% is allocated to the production of insurance companies
20% for platform development
10% is for marketing
10% is for reserves

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