InsCoin - The Platform Developed By Knox Insurance

Hello everyone,

Is that InsCoin for Knox Project?

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 sector, to find solutions to certification problems and anti-counterfeiting insurance policies.

Thanks to the platform developed by Knox's insurance, the policy will develop to be fully automated and eliminate the possibility of conflicts of interest between the parties involved.

Insurance companies will be established in Lisbon, Dubai and the Bermuda Islands, to enable Knox's insurance to operate in a variety of laws and enable token economies on a global scale.

The INSCOIN FOR KNOX 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 digital personal coins from publishing tokens that allow it to support entrepreneurial projects. Sales Tokens 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.

The goal of KNOX is to achieve, by utilizing blockchain, decentralizing the entire insurance system. Decentralization means the transformation of traditional insurance policies from paper to smart contracts.

How can Blockchain change the insurance industry?

To customers
Smart contracts prevent the spread of fraudulent insurance policies, because that is the same system that will be issued after payment is received.

The customer has complete control over the insurance policy.
Customers can access all WEB services and mobile platforms and check their policies.

For insurance companies
With smart contracts, there will be no delay in collecting premiums, which is achieved by increasing the company's cash flow.

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

Blockchain improves business processes and ensures a truly immovable security system.

For brokers
Get credibility for policyholders and beneficiaries.

Direct control over the administrative report.

InsCoin platform

At the same time as the three insurance companies start, after a legal license is obtained, with the help of the funds collected, an internal exchange platform will be created. This platform will have a fundamental role, where customers can access the purchase of insurance products by our structure.

The main functions of this platform are :

Creating customized profiles for Brokers, with their personal inscoin wallets.

• Possible for Brokers to create for their clients the underlying profile, combined with their identification code and related inscoin wallets.
• Possible for each personal customer to create their own profile, with a relative inscoin wallet. Direct loading of all policy features for evaluation and bidding.
• Possibility of paying policies as described in the previous paragraph. Acceptance, in the case of purchasing a policy, from a smart contract address that you can verify its authenticity.

In insurance, how payments are made or what is actually paid is complicated. In the KNOX platform, this problem does not exist at all. INSCOIN Token, a cryptocurrency based on Ethereum ERC20 technology, is used for every payment on the platform. This is goodbye to unfinished insurance claims or late payments since the smartest ethereum technology contract reached by the insurance company and insured, executes the terms of the agreement that is guaranteed to make payments immediately. Users cannot be fooled, no matter who they face.

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

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.

Token Information :

• Ticker: INSC
• Type: ERC20
• Total Supply: 500'000'000 INSC
• Tokens for sale: 270'000'000 ISNC
• Exchange rate: 1 ETH = 5'000 INSC
• Soft Cap: 4'000 ETH
• Hard Cap: 39'444 ETH
• Unallocated tokens will be burned after the ICO ends.
• Pre-ICO starts: June 23, 2018
• Pre-ICO ends: July 7, 2018
• Previous sales frame: 1 INSC = 0,0002 ETH
• ICO price: 1 INSC = 0,0002 ETH
• Receive: ETH
• Soft cap: 4000 ETH
• Hard stamp: 39444 ETH
• Bonus: Up to 30%
• ICO starts: July 23, 2018
• ICO ends: August 23, 2018

** Allocation Tokens **

• 54% of total bids are allocated for the sale of tokens
• 15% Distribution to wholesale trade
• 10% is allocated to teams and advisors
• 10% Distribution of network partnerships
• 9% is allocated to companies
• 2% is allocated to Airdrop and Bounty

Use of funds

• 60% is allocated for making insurance companies
• 20% for platform development
• 10% is allocated for marketing
• 10% is allocated for reserves

Team

Conclusion

InsCoin is an ambitious project that wants to revolutionize the insurance sector! Indeed, from the proven knowledge of the company and in relation to the implementation of the Chain Block, through the InsCoin smart intention contract the To Knox Project is successful in its intent:

• Maximum trust and transparency in the relationship between the company and the insured.
• Combating Fraud policy.

For further information, please visit the following link :

website
whitepaper
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ANN Thread

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