Blockchain technology is very important for insurance companies in the following ways. This saves customers from illegal activities due to decentralization. Also increase the company's cash flow, eradicate the delay in the amount to be paid under the contract signed by the client. Also help brokers, instantly receive commissions.
The KNOX project will be the first insurance company to incorporate the world of newcomers with blockchain technology, to create certification and insurance policies.
What is an InsCoin Project?
The KNOX Project will be the first insurance company to combine the world's most efficient and sophisticated structure in the sector, to find solutions to certification and anti-counterfeit insurance policies, as described above.
The KNOX Project will be the first insurance company to combine the world's most efficient and sophisticated structure in the sector, to find solutions to certification and anti-counterfeit insurance policies, as described above.
"InsCoin for Knox Project" aims to establish the first insurance company to receive Crypto (INSC) for insurance premium payments, and the first, with help from blockchain, will solve the problem of counterfeiting insurance policies.
With smart contracts, the spread of fake insurance policies is avoided because it is the same system that issues them upon receipt of payment.
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.
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.
KNOX's goal is to achieve, by utilizing blockchain, the decentralization of the whole insurance system. Decentralization means the transformation of traditional insurance policies from paper into smart contracts.
How does InsCoin work?
This new project is under development and used for the ICO Knox Project. And the whole project was developed to help improve customer relationships with total and full transparency. There is a lot going on with the new company, and there is a lot of information on the company website. Not only that, but the information on the website is broken down into several different sections, all of which are easy to navigate through and give you everything you need to learn about coins.
This new project is under development and used for the ICO Knox Project. And the whole project was developed to help improve customer relationships with total and full transparency. There is a lot going on with the new company, and there is a lot of information on the company website. Not only that, but the information on the website is broken down into several different sections, all of which are easy to navigate through and give you everything you need to learn about coins.
How can Blockchain change the insurance industry?
To customers
Smart contracts prevent the spread of fraudulent insurance policies, since it is the same system that will be issued
once payment is received.
Smart contracts prevent the spread of fraudulent insurance policies, since it is the same system that will be issued
once payment is received.
The customer has full control over the insurance policy.
Subscribers can access all WEB services and mobile platforms and check their policies.
For insurance companies
With smart contracts, there will be no delays in premium collection, achieved by increasing the company's cash flow.
With smart contracts, there will be no delays in premium collection, achieved by increasing the company's cash flow.
Thanks to Blockchain, fraudulent policies will never be passed on to the company.
Blockchain enhances business processes and ensures a truly unshakable security system.
For brokers
Get credibility for policyholders and beneficiaries.
Get credibility for policyholders and beneficiaries.
Direct control over its administrative reports.
Immediate commission allocation.
In insurance, how payment is made or what is actually paid is a complicated subject. In the KNOX platform, this issue simply does not exist. INSCOIN Token, a cryptocurrency based on Ethereum ERC20 technology, is used for every payment on the platform. It is goodbye to unfinished insurance claims or late payments since the contracts of ethereum technology reached by insurance companies and insured, executing the terms of the insured agreement immediately make the payment. Users can not be fooled, no matter who they are dealing with.
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
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
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
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
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
20% for platform development
10% is allocated for marketing
10% is allocated to backup
Roadmap
Realization of study project (MARET 2017)
Team Building
Establish the first collaboration network
Team Building
Establish the first collaboration network
Business Plan Forecasts (MEI 2017)
Legal consultation
Invest € 150,000
Legal consultation
Invest € 150,000
IT Insurance licensed platform (JULY 2017)
Invested € 300,000 for certified insurance platform
Invested € 300,000 for certified insurance platform
Insurance partnership (OCTOBER 2017)
Partnership with over 300 insurance brokers ready to work with the company
Partnership with over 300 insurance brokers ready to work with the company
ICO Planning (FEBRUARY 2018)
ICO planning and marketing plan development
ICO planning and marketing plan development
PRE-ICO (JUNE 2018)
Starting from PRE-ICO
Starting from PRE-ICO
ICO (JULY 2018)
Starting from ICO
Starting from ICO
Trading inscoin at major exchanges (SUMMER 2018)
InsCoin will be listed on the main exchange to ensure easy implementation of the company's future customers and the exact volume of our revenue.
InsCoin will be listed on the main exchange to ensure easy implementation of the company's future customers and the exact volume of 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.
We will get authorization from the authorized authorities of the three countries to provide legal insurance services.
Introduction to internal platform (WINTER 2018)
With that customers will be able to access their policies through smart contract.
With that customers will be able to access their policies through smart contract.
Smart contract in insurance business (WINTER 2018)
Smart contracts will increase to become the protagonists of the insurance industry.
Smart contracts will increase to become the protagonists of the insurance industry.
Team
For more information:
Website: https://inscoin.co/
Telegram: https://t.me/inscoinico
Linkedin: https://www.linkedin.com/company/inscoin-holding-ou/
Twitter: https://twitter.com/inscoinforknox
Facebook: https://www.facebook.com/Inscoin-for-Knox-1802470656458272/
Reddit: https://www.reddit.com/r/InsCoin/
Telegram: https://t.me/inscoinico
Linkedin: https://www.linkedin.com/company/inscoin-holding-ou/
Twitter: https://twitter.com/inscoinforknox
Facebook: https://www.facebook.com/Inscoin-for-Knox-1802470656458272/
Reddit: https://www.reddit.com/r/InsCoin/
Author:dhavid19
Bitcointalk Profile Link:https://bitcointalk.org/index.php?action=profile;u=1795848
Ethereum Address:0x2e0aE95a7871c8A38A513981904410d07DD96231
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