The question is asked when we enter the hospital. The different damages in our life can be covered by insurance policies. We are all aware of the nature and job of insurance. Today, we can get insurance of almost anything. The insurance industry is growing at a rapid scale, and it is adopting digital technologies to reach the next level. Many developing countries do not have sound insurance ecosystem, and that is directly reflected in the social capital output. What do you think about the situation where most of us insured ?It provides security and relief in our daily life. The independence it provides to the people can only be measured when the people benefits from those insurances. But the current industry ecosystem is broken. It has become costly and unaffordable for most of people. The transformation of the current insurance industry into an independent, decentralized and transparent industry requires technological and framework overhaul.
About the InsCoin Project for Knox.
The KNOX Project will be the first insurance company to combine the real world with the world of technology. Blockchain technology, and will create the most efficient and sophisticated structure in the sector, to find solutions to certification and anti-counterfeit insurance policies.
Insurance policy.
Thanks to the platform developed by Knox's insurance, the policy will evolve into the full engage and eliminate the possibility of conflict between interest involved.
Insurance companies will be established in Lisbon, Dubai, and the Bermuda Islands, to enable token economies on a global scale.
Smart Contract.
Avoid spreading fake insurance policies because it is the same system that removes them after receiving payment. With smart contracts, the company is not delayed in collecting credits because the policy is only issued after payment is received. This factor is intended to improve the management of the company itself.
The smart contract in the case of an accident is a real judge who decides to pay or no company, which can have opportunistic behavior, but the chain block system, completely uninterested in the human mind, will decide whether the accident meets the terms of the policy. This benefit will be the most important because it increases the company's transparency to customers.
The first project in the real world and the digital world!
The KNOX Project will be the first insurance company to combine the real world with digital technology with Blockchain, creating the most efficient and advanced structure in the industry, to find solutions to certification and insurance policy policies.
Smart contracts avoid spreading fake insurance policies because it is the same system that issues them upon receipt of payment. With smart contracts, the company is not delayed in collecting credits because the policy is only issued after payment is received. This factor is intended to improve the management of the company itself.
Project solution
INSCOIN is launching a platform for insurance industry where the broker can create their account and easily manage all their clients. To convert the paper policy into the smart contract is the core objective of the platform. With the help of blockchain technology, they will bring transparency and reliability to the insurance ecosystem. Policy holders can view their terms and conditions which will be agreed by both the parties before entering into the contracts. The KNOX project of the ecosystem has a definite aim, and that is making the insurance industry free of fraud and forgery.
Smart contracts are the secure and binding digital contracts which cannot be falsified. The company has to bind to the smart contract in the event of insurance payment. Blockchain solution for the insurance industry is going to be one of the latest innovation in the market. I think that people working in the industry will benefit from the introduction of the blockchain technology. They are setting up the new insurance companies too for the latest services and products. Since it offers advantages to the customers and companies, it should not have much difficulty being adopted by the existing players.
Ico information
Ticker : INSC.
Type : ERC20.
Supply : 500'000'000 INSC.
Price : 1 ETH = 5'000 INSC.
Type : ERC20.
Supply : 500'000'000 INSC.
Price : 1 ETH = 5'000 INSC.
Allocation Token :
- Token sales = 54%.
- WholeSaler Broker = 15%.
- Team and Advisors = 10%.
- Network Partnership Brokers = 10%.
- Reserves for 3 companies = 9%.
- Airdrop and Bounty Program = 2%.
Fund Usage :
- Setting Insurance Company = 60%.
- Platform Development = 20%.
- Marketing = 10%.
- Reserve fund = 10%.
PRE-ICO.
Payment in Ethereum will be accepted.
Price = 1 ETH = 5,000 Token.
Deadline and Bonus :
Week 1 = + 30% of INSC.Wekk 2 = + 25% from INSC.
Bonus on tokens purchased.
Range and Bonus :
Minimum 50 ETH = + 15% from INSC.Minimum 30 ETH = + 10% of INSC.
Payment in Ethereum will be accepted.
Price = 1 ETH = 5,000 Token.
Deadline and Bonus :
Week 1 = + 30% of INSC.Wekk 2 = + 25% from INSC.
Bonus on tokens purchased.
Range and Bonus :
Minimum 50 ETH = + 15% from INSC.Minimum 30 ETH = + 10% of INSC.
500,000,000 INSCOIN are created for the project. 54% of the total tokens are reserved for the token sale. 60% of the funds will be spent on the insurance company set up while 20% of the funds will be spent on the product development. The team working on the project is experienced and committed towards the development of a decentralized insurance ecosystem.
Roadmap
Conclusion
Hospitals have tie-ups with insurance companies to provide best care to the patients. There are millions of people who are out fighting the vagaries of life without an insurance. Many countries have a different kind of schemes to fulfill the needs of the middle class and poor people.We can only create better products for the consumers and it is the unique qualities of the product that attracts people to the platform. With the help of blockchain technology, they have tried to present a new concept in the insurance industry. The future of the industry is blockchain technology which helps in strengthening unique services for the people of the insurance industry.Adjusting to the current needs of the insurance industry, as well as, bringing new changes to the market are the goals of the platform. I think that people will sooner realize the advantages of the platform and the technology behind it. Once the process of adoption takes place in the market, we can analyze and improve the situation of this new framework presented by the platform. The age of paper is over, and smart contracts are going to weed out all the complexities and ambiguities in the insurance ecosystem.
For More information follows;
Website: https://inscoin.co/
WhitePaper: https://inscoin.co/#whitepaper
Telegram: https://t.me/inscoinico
Twitter: https://twitter.com/InsCoinforKnox
Facebook: https: //www.facebook.com/INSCoinforKnox/
Ann: https://bitcointalk.org/index.php?topic=4422850.msg%msg_id%
WhitePaper: https://inscoin.co/#whitepaper
Telegram: https://t.me/inscoinico
Twitter: https://twitter.com/InsCoinforKnox
Facebook: https: //www.facebook.com/INSCoinforKnox/
Ann: https://bitcointalk.org/index.php?topic=4422850.msg%msg_id%
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