InsCoin Insurance with Cryptocurrency

4 min readJul 23, 2018

InsCoin is an innovative project in the field of insurance, which provides each user with a flexible policy, honest conditions and a decentralized structure.

I will note! As calculations and payment, InsCoin will accept crypto currency.

Of course, at first glance this can scare people away, however, a stable token will be developed inside the system, which will interest everyone. All users will receive the usual paper certificate, and detailed information about it can be viewed online.

InsCoin offers a truly innovative approach to insurance, so it can interest a huge number of people around the globe.

How it works

In fact, the platform received a fairly simple principle of its work. And here it should be understood that the simpler in this segment, the more advantages ordinary people can take for themselves. You can familiarize yourself with the structure of the platform in the following photo:

As you can see, there are no intermediaries, banks and lawyers. Cooperation goes like this: the customer is the insurance pole. If something happens or there are controversial situations, employees of this company always go to meet their customers.

Benefits of InsCoin

I will highlight a few important advantages of the InsCoin project:

transparency. All conditions, insurance cases, disputed issues and much more, are carefully attributed to the contract, and there are no surprises;
the platform is decentralized. Accordingly, no one will be able to interfere with her work, make changes or in other ways deceive the customers;
smart smart contracts are developed. Their appearance excludes any possibility of spreading insurance policies that are counterfeit;
there are no delays in payments. That is, if the user was under an insurance event, he immediately will be paid all the funds put;
only honest conditions that are discussed with each client.

I will note! InsCoin is the first insurance company that is honest and open to all customers. And it is for this reason that this company can be called special, and not as it often happens.

Specifications

I will highlight several key characteristics of this company:

Name of the token: INSC
Platform: Ethereum
Standard: ERC20
Total issued tokens: 500,000,000 INSC
Cost: 1 ETH = 5,000 INSC
Payment: ETH
Soft cap: 4,000 ETH
Hard cap: 39,444 ETH

How are tokens distributed?

Road map

The project InsCoin also boasts a detailed plan for its development, you can see it in the following photo:

I will note! The project staff thought out not only the stages of their development and activities, but also took into account possible problems and difficulties that they will face along the way.

The project team

Conclusion

InsCoin is an innovative insurance company that offers completely new approaches and opportunities absolutely for all participants. Speaking for its main features, it should be noted that it is open and honest for all. And it is for this reason that I can say that this project will be successfully implemented. Of course, a large number of users will appear in time, when the blockroom becomes more popular, but at this time the project will already take its place.

Insurance companies have long been associated in people with something bad. There is nothing surprising in this, as most modern insurance companies are deceivers. I will highlight a few basic problems that each person may face:

It is difficult to receive payments. In fact, almost any insurance company is difficult to prove that you are entitled to payments or conditions that create a lot of problems for this.
Almost always all disputable situations and hidden conditions are prescribed in small print. Accordingly, a person can not even guess about them.
High cost of insurance, because there are many intermediaries.