InsCoin for Knox Project
The First Decentralized Insurance Company
About InsCoin for Knox Project
"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. 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.
Token Sale
Name
InsCoin (INSC)
Total Supply
527.083.333 INSC
Hard Cap
40.000 ETH
Token Value
1 INSC = 0.000142 ETH (PRE-ICO)
1 INSC = 0.000167 ETH (ICO)
Bonus
Min 10 ETH: +5% (ICO)
Min 30 ETH: +10% (PRE-ICO, ICO)
Min 50 ETH: +15% (PRE-ICO, ICO)
Token Distribution
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
Use of Funds
60%- Insurance Companies Set-up
20% - Platform Development
10% - Marketing
10% - Reserve funds
Token Utility
Payment of a Part of Insurance Premium
Warrant of the Maximum Level of Authenticity of the Emitted Policy via Smart Contract Along With the Traditional Paper-based Form.
Deflation Plan
For premiums < $1’000’000 1% must be paid in INSC
For premiums < $100’000 3% must be paid in INSC
For premiums < $50’000 5% must be paid in INSC
For premiums < $10’000 10% must be paid in INSC
For premiums < $ 500 20% must be paid in INSC
Roadmap
- Study project realization (MARCH 2017)
Team Building
Establishment of the first collaborative network
- Forecast Business plan (MAY 2017)
Legal consulting
Invested €150.000
- IT insurance licensed platform (JULY 2017)
Invested €300.000 for certified insurance platform
- Insurance partnerships (OCTOBER 2017)
Partnership with more than 300 insurance brokers ready to work with the companies
- ICO Planning (FEBRUARY 2018)
ICO planning and development of a marketing plan
- PRE-ICO (JUNE 2018)
Start of the PRE-ICO
- ICO (JULY 2018)
Start of the ICO
- Trade INSCOIN on the main exchanges (SUMMER 2018)
InsCoin will be listed on main exchanges to guarantee easy implementation to future customers of the companies and proper volumes compared to our income.
- Compliance to obtain insurance license (AUTUMN 2018)
We will obtain authorisations from official authorities of the three nations to provide legal insurance service.
- Introduction of internal platform (WINTER 2018)
With it the customer will be able to access its policy via smart contract.
- Smart contract in the insurance business (WINTER 2018)
The smart contract will be more and more protagonist of the insurance industry.
Our Team
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