Saturday, August 4, 2018


The 1st Blockchain based insurance company






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.

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 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 o er 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.

  • 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. This factor aims to significantly improve the management of the company itself
  • With the smart contract in the event of accidents the real judge who will decide whether or not to pay them is no longer the company, which could have an opportunistic behavior, but the block-chain system will decide if this accident is compliant with the provisions in the policy. This benefit will be the most important as it will increase the transparency of the company towards customers

As you can understand the introduction of the smart contract is an important step towards a fair relationship between the company and the customer. A relationship that favors the maximum transparency and that will allow the same company to have a reputation of behavioral seriousness never seen before, which is very important since in the insurance sector the NAME and the REPUTATION are the main factors.

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 o ered 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.

The internal platform is fundamental to the project because through it we can manage all the innovations of our project e ciently.


TOKEN SALE


   Token Details   

TickerINSC
Platform Ethereum
Type ERC20
Soft cap 4,000 ETH
Hard cap 39,444 ETH
Total supply is 500.000.000 INSC
Max PRE-ICO Cap7.500 ETH
Max ICO Cap31.944 ETH
AcceptingETH
Price 1 ETH = 5000 INSC

 Pre sale 1st Phase 
Date June 23 - 30
Cap1000 ETH
Bonus30 %
 Pre sale 2nd Phase  
DateJuly 01 - 07 
Cap 1500 ETH
Bonus27.5 %
 Pre sale 3rd Phase 
DateJuly 08 - 15
Cap 5000 ETH
Bonus25 %

 ICO 
DateJuly 23 - August 30
Cap 31.944 ETH
Bonus20 % - 0 %

During the Token Sale (Pre-ICO and ICO) there will be Bonus based on investment amount.
For 10 - 29 ETH will be a +5% Bonus of INSC In addition to the periodical bonus.
For 30 - 49 ETH will be a +10% Bonus of INSC In addition to the periodical bonus.
For > 50 ETH will be a +15% Bonus of INSC In addition to the periodical bonus.





ROADMAP


March 2017
Study Project realizationTeam building Establishment of the first collaborative network

 May 2017
Forecast Business plan
Legal consulting
Invested €150’000

 July 2017
IT insurance licensed platform
Invested €300’000 for certified insurance platform

October 2017
Insurance partnerships
Partnership with more than 300 insurance brokers ready to work with the companies.

 June - Agustus 2018
Token Sale
Starts of the token sale.

September 2018
Trade INSCOIN in main exchange
Inscoin will be listing on main exchange
to guarentee easy implementation to future customers of the companies and proper volume compared to our income.

Q3 2018
Compliance to obtain insurance license
We will authorization from authorities of the three nation to provide legal insurance service.

Q4 2018
Introduction of internal platform
With it the customer will be able to access its policy via smart contract.

Q4 2018
Smart contract in the insurance business
The smart contract will be more and more protagonist of the insurance industry.




More Information 

Website: https://inscoin.co/
Whitepaper: https://inscoin.co/documents/Whitepaper-EN.pdf
Facebook: https://www.facebook.com/Inscoin-for-Knox-1802470656458272
Twitter: https://twitter.com/INSCOINforknox
Bitcointalk: https://bitcointalk.org/index.php?topic=4422850
Linkedin: https://www.linkedin.com/company/inscoin-holding-ou/
Steemit: https://steemit.com/@inscoin
Telegram: https://t.me/inscoinico
Reddit:https://www.reddit.com/r/InsCoin/













Author 
BitcoinTalk Username:Ziyad07
BitcoinTalk Profile:https://bitcointalk.org/index.php?action=profile;u=1200759;sa=summary
Email:srialyamaulana@gmail.com
Eth Address:0x522A57A9267b6A54ddE2f9a89863304CD0391827






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