INSCOIN For Knox — The First Blockchain Based Insurance Company

https://inscoin.co/

Introduction

“InsCoin for Knox Project” aims to establish the first insurance company that will accept a Crypto (INSC) for the payment of insurance premiums, and the first that, with the help of the blockchain, will solve the problem of falsification of insurance policies. The KNOX project will be the first insurance company that merges the real world with the digital one using Blockchain technology, creating the most efficient and advanced structure in the sector, to find a solution to the problem of certification and anti-forgery of insurance policies. It will be the first ever to emit insurance policies both in smart-contract and traditional paper form. With the smart contract the spread of false insurance policies is avoided because it is the same system that issues them after receiving the payment. With the smart contract the company won’t have delay in collecting credits, as the policy is issued only after receiving the payment.

What is InsCoin for Knox?

The KNOX project will be the first insurance company that merges the real world with the digital one using Blockchain technology, creating the most efficient and advanced structure in the sector, to find a solution to the problem of certification and anti-forgery of insurance policies.
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The insurance policies issued by Knox Insurance will be both in traditional paper form and in the form of smart contracts, allowing the customer to monitor their policies in real time, in full transparency and safety. Thanks to the platform developed by knox insurance, the policies will evolve to become fully automated and eliminate any possibility of conflict of interest between the parties involved.

Insurance companies will be established in Lisbon, Dubai and the Bermuda Islands, to allow Knox insurance to operate in different legislations and allow a token economy on a global scale.

THE SOLUTION

The KNOX project provides for the establishment of the first insurance company that will merge the real world with the digital one using Blockchain technology, creating the most ecient and advanced structure in the sector, to find a solution to the problem of certification and anti-forgery of insurance policies.

The INSCOIN project intends to use, among the many available, the Ethereum blockchain, which currently presents the largest number of real used cases and economy of services and transactions currently in operation. Ethereum makes available, using its infrastructure and ERC20 technology, the creation of digital private coins of controlled issuance (token) with which it is possible to support an entrepreneurial project. The sale of tokens allows companies to gather economic resources necessary for the development of a project in which the token itself will play a key role. The token in this sense enables new technological possibilities that oer innovative services.

The goal of KNOX is to reach, by exploiting the blockchain, a decentralization of the whole insurance system. Decentralization means the transformation of traditional insurance policies from paper into smart contracts.

USE OF THE TOKEN AND THE DEFLATION PLAN

The INSCOIN token is a fundamental part of our project. Through it the customer can pay insurance premiums and can access the maximum degree of authenticity of the policy, receiving it in the form of smart contract.

Inscoin’s supply will be 500.000.000 and will be distributed like this:

54% Token Sale
15% Blocked reserve (Broker WholeSaler)
10% Team and Advisors
9% Reserves distributed to the 3 insurance Companies (blocked for 3 months
and 10% monthly release)
10% Broker Network partnership, Legal and Insurance advisor
2% Airdrop and Bounty program

INSCOIN PLATFORM

At the same time as the start of the three insurance companies, once the legal licenses have been obtained, with the help of the funds raised, an internal exchange platform will be created. This platform will have a fundamental role, through it the customer can access the purchase of insurance products oered by our structure.

The main functions of this platform will be:
Creation of customized profiles for Brokers, with their personal inscoin wallet.

• Possibility for the Broker to create for all his clients their underlying profiles, combined with his identification code and related wallet inscoin
• Possibility for each private customer to create their own profile, with relative inscoin wallet. Direct loading of all the policy features for an evaluation and a quote.
• Possibility of paying the policy as described in the previous paragraph. Reception, in case of purchase of the policy, of the address of the smart-contract with which you can verify the authenticity.

TOKEN SALE

The Token sale is divided into two parts: PRE-ICO e ICO.
Total supply is 500.000.000 INSC
Maximum PRE-ICO Cap is 7.500 ETH
Maximum ICO Cap is 31.944 ETH
Soft cap: 4000 ETH
Hard cap: 39.444

The aforementioned bonuses refer to a private investor, who in the future will be a potential customer of KNOX project, below we will see a bonus list for the insurance Brokers that will cover the role of collaborators of KNOX project.

Road Map

Team

More Information :

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

Created by:

Username bitcointalk : soblespwk
Profil bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1807206;sa=summary
Ethereum Wallet Address : 0xF52FFe2a1e43bF80e11A054eE1f9f62143e4fb00