INSCOIN

INTRODUCTION: Insurance has existed since the 14th century, the first insurance contract known to have originated from Genoa in 1347. By simple definition, insurance is an arrangement whereby a company or country undertakes to provide compensation for certain losses, damages, illnesses or deaths, in return for certain premium payments; it is the thing that provides protection against possible possibilities.
A business professor once said and I quote, "Everything in life is a risk, even life is a risk, and therefore the need for insurance". Current insurance has evolved and advanced into various sectors of life and business, and also has unique and common problems developed as well, just like any other living or working structure. Insurance issue or problem list of certification, fraud and insurance fraud cases, to mention but a few, and this is where the KNOX project came in.

KNOX PROJECTS: The KNOX Project, which is on its way to becoming the first insurance project built on BlockChain technology, intends to create a revitalized insurance sector in an effort to find long-term solutions to certification and anti-counterfeit insurance policy issues. The main agenda of KNOX is "decentralized insurance system", which will change the traditional insurance policy from paper into smart contract. As we know that certified transactions in BlockChain can not be forged, so certification of insurance documents will not be forged if they are built and recorded in the BlockChain ecosystem, and this is the point that drives the KNOX project.

INSCOIN: The KNOX-BlockChain project will be launched using an INSCOIN token that will be built on Ethereum's smart contract platform. Being a fundamental part of the KNOX project, INSCOIN tokens will be used by customers to pay for insurance premiums and also access the maximum level of authenticity of insurance policies, by accepting them in the form of smart contracts.

Solutions offered

INSCOIN launches a platform for insurance trades wherever brokers will generate their accounts and manage only their buyers. The policyholders will read their terms and conditions that can be united by each party before entering into the contract. Because it offers blessings for buyers and companies, it should not have the problems that many players adopt.

The blockchain resolution for insurance trade is one of the latest innovations in the market. To change the paper policy into a good contract is that the core purpose of the platform. With the help of blockchain technology, they will bring transparency and reliance on the insurance scheme.

The historiography project of this scheme includes a definite goal, which creates an insurance trade that is free of fraud and forgery. Smart contract is a secure and binding digital contract that can not be forged. the company must be tied in a good step to the event of insurance payments. They also customize new insurance companies for the latest services and products.

How does InsCoin work?
This new project is being developed and used for the Knox ICO Project. And the entire 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 quite a lot of information on the company website. Not only that, but the information on the website is broken down into different sections, everything is easy to navigate and gives you everything you need to learn about coins.

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 allow 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 entire insurance system. Decentralization means the transformation of traditional insurance policies from paper into smart contracts.

With smart contracts, the spread of fake insurance policies is avoided because it is the same system that issues them upon receipt of payment.
With smart contracts, the company will not have any delay in collecting credits, since the policy is issued only after receiving payment. This factor aims to improve the company's management significantly.

With an intelligent contract in the event of an accident, the actual judge who will decide whether to pay is no longer a company, which can have opportunistic behavior, but the chain block system will decide whether the accident is in line with the policy. This benefit will be the most important because it will increase the company's transparency to customers.



Token Info

Token -
Platform
INSC - Ethereum Type -
price of ERC20 PRICO - 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 Acceptance of ETH
- ETH
Distributed in ICO - 54%
Soft cap - 4,000 ETH
Hard cap - 39,444 ETH

Tokens sold - 270,000,000
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

FINANCING DISTRIBUTION

60% is allocated for the manufacture of insurance companies
20% for platform development
10% is allocated for marketing
10% is allocated for backup

Roadmap

Realization of study project (MARET 2017)
Build a Build Team
the first collaboration network

Business Plan Forecast (MEI 2017)
Legal consultation
Invest € 150,000

IT Insurance licensed platform (JULY 2017)
Invest 300,000 euros for certified insurance platform

Insurance partnership (OCTOBER 2017)
Partnership with over 300 insurance brokers ready to work with the company

ICO Planning (FEBRUARY 2018)
ICO planning and marketing development plan

PRE-ICO (JUNE 2018)
Starting from PRE-ICO

ICO (JULY 2018)
Starting from ICO

Trading inscoin on major exchanges (SUMMER 2018)
InsCoin will be listed on the primary exchange to ensure easy implementation for the company's future customers and the exact volume compared to our revenue.

Compliance to obtain an insurance license (AUTUMN 2018)
We will get authorization from the competent authority of 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 contracts.

Smart contract in insurance business (WINTER 2018)
Smart contracts will increasingly become the protagonist 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/

AUTHOR: cobaahyuk
PROFIL LINK: https://bitcointalk.org/index.php?action=profile;u=1785718
ETH: 0x952Ba6f317cdD5f5aa6655CE6eCdcEd0252a72d2