InsCoin - The First Decentralized Insurance Company

Insurance is one of the oldest branches of the economy. According to historians, the first forms of insurance were recorded in ancient China, even in the 3rd millennium BC.

KNOX is going to become the first insurance company in the world history, uniting the digital and real world with the help of blockchain technology. Thanks to their implementation, the company will be able to offer exceptionally revolutionary solutions to the problems of certification and the authenticity of policies.

Knox Insurance’s insurance policies will be available in classic paper form, and also in the format of smart contracts. Policies, as Knox promises, will evolve with time, and, in the end, will become highly automated.
At the same time, the project will begin its development in three places – Lisbon, Dubai and Bermuda.

The principle of the blockchain

The rights to privacy will be fully protected. Part of the authentication process will be conducted on Knox Insurance – the internal platform, and part will be on Ethereum. Upon completion of the certification processes, the system will form a smart contract.

Site and Documentation

The project web page is available in 5 languages: except English, there are Russian, Italian, German and French. The site is very informative, there are many diagrams and flowcharts. Whitepaper is available in 11 languages, written in a simple and understandable language, also contains a lot of useful graphics. The project team was also not afraid to lay out a link to a detailed business plan.

Team

Perhaps, the openness of the team to the general public is one of the keys to the success of any enterprise that conducts the ICO. On the site you can find 16 team members (8 managers and 8 developers) and 4 advisers. Everyone has links to linkedin.

Popularity in social networks

Today (July 8), the project enjoys an enviable popularity on the Web. At the moment in the official channel in Telegram – 4386 subscribers, Twitter – 29500, Facebook – 906, Youtube – 24044, Reddit – 11 thousand, Linkedin – 13. Profile in Bitcointalk – the level of Full Member. Also, the project actively maintains a blog on Steemit.

Roadmap

After carrying out sales, the team in the 3rd quarter plans to obtain an insurance license (in the territory of 3 countries). In the 4th quarter, a proprietary platform will be created, the developers will actively develop the smart contract.

Token

The name of the coin is INSC, total of 500 million tokens. In the period of sales for 1 etherium, you can buy 5 thousand system tokens. Both in the period of preliminary sales, and during the main were assigned flexible bonus programs. Softcup project – 4 thousand ETH (already overcome), hardcup – 39.444 ETH.

Token distribution:

– 54% share of sales;
– 15% reserve pool;
– 10% share of funds for advisers and team;
– 9% reserve for three insurance companies;
– 10% pool of advisers on legal issues and insurance;
– and another 2% are allocated to bounty programs and airdrop.

How will the collected funds be distributed?

– 20% – Product development;
– 10% – communication and marketing;
– 60% Creation of an insurance company;
– 10% reserve funds.

Pre-sale. The stage successfully passed from June 23 to July 8, tokens were sold for 7,5 thousand ETH.
ICO. During this period, 31,944 ETH will be sold. Dates: July 24 – August 30.

Bounty

The campaigns began on June 18 and will last until August 30. In total, the campaign allocated 7.5 million tokens (during the ICO period, this is equivalent to 1500 ETH).

Distribution of funds for the bounty

– 20% (1.5 million INSC) – subscription campaigns in Bitcointalk;
– 5% allocated to campaigns in Linkedin, Reddit and Telegram (375 thousand INSC each);
– 10% (750 thousand tokens each) were allocated on Facebook and Twitter;
– 30% (2.25 million INSC) the project allocated to the blogosphere, writing reviews and YouTube;
– 15% (1,125 million INSC) pool of translators and moderators.

Conclusion

Various expert sites put the project relatively high ratings (icobench – 4.0, icoholder – 4.0). Successful completion preseyla, well-designed appearance – and the site, and documentation, a competent team of specialists and a high-level popularity in social networks – all this in general takes the project to a high level.

Site: https://inscoin.co/
Whitepaper: https://inscoin.co/documents/Whitepaper-EN.pdf

Twitter: https://twitter.com/InsCoinforKnox
Facebook: https://www.facebook.com/INSCoinforKnox/
Steemit: https://steemit.com/@inscoin
Reddit: https://www.reddit.com/r/InsCoin/
Bitcointalk: https://bitcointalk.org/index.php?topic=4422850.msg%msg_id%
Youtube: https://www.youtube.com/channel/UCeYb1urpmhALHv_0lm6ZI8w
Linkedin: https://www.linkedin.com/company/inscoin-holding-ou/
Telegram: https://t.me/inscoinico

Author:

Bitcointalk Username: saycryptohello
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1336255