avansa: INSCOIN

INSCOIN

The right design will make it easy for ourselves as well as others, such as designing when we are sick and when we will finance our son and daughter’s education. The right design will provide the best solution in the future.

With insurance, we can design what we need now and in the future that will bring benefits for ourselves. Many companies offer insurance products that we can choose according to what we want.

The duty of one insurance company is to collect incoming funds. Good business management requires that funds have been invested so that funds are more productive.

Investment activities undertaken by insurance companies in addition to supporting the national development can also reduce the cost of insurance, where with the profit or profit obtained through investment funds, then the element of profit presentation that is calculated in the determination of the premium can be reduced.

The KNOX Project will be the first insurance company to combine the real world with the digital world using Blockchain technology, create the most efficient and sophisticated structure in the sector, to find solutions to the problem of certification and anti-counterfeit insurance policies

Thanks to the platform developed by Knox insurance, the policy will evolve into a fully automated and eliminate the possibility of the conflict of interest between the parties involved.

Insurance companies will be established in Lisbon, Dubai, and the Bermuda Islands, to enable Knox insurance to operate in various laws and enable token economies on a global scale.

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 blockchain system that, in a totally disinterested by the human opinion, 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.

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 overed by our structure.

HOW IT WORKS ON BLOCKCHAIN?

The Knox Insurance and partly on the Blockchain of Ethereum part of the Knox Insurance and partly on the internal platform. At the end of the certification process, will be issued a smart contract that combines the authenticity and coverage of the policy while respecting the privacy rights of the contracting parties.

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 exciently.

Token info

Token - INSC

Platform - Ethereum

Type - ERC20

PreICO price - 1 INSC = 0.0002 ETH

Price in ICO - 1 INSC = 0.0002 ETH

Pre-ICO starts - June 23, 2018

Pre-ICO ends - July 7, 2018

Bonus - Available

Investment info

Min. investment0.1 ETH

Accepting - ETH

Distributed in ICO - 54 %

Soft cap - 4,000 ETH

Hard cap - 39,444 ETH

Tokens for sale - 270,000,000

Unallocated tokens will be burned after the end of the ICO.

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