INSCOIN solve the insurance problem through blockchain technology
inscoin
InsCoin for Knox Project
Already many now offer insurance to relieve the burden and as a helper when we get a disaster such as action,system,or business where financial protection (or financial compensation) for the soul,property,health and so on that later we will get a replacement from unforeseen events that can occur such as death,accidents and so forth.
But at this time the system on insurance According to an FBI study the annual cost of insurance fraud is about $40 billion.The cost of this insurance fraud increases the average American family about $500 in insurance.But all the losses that are in the burden on the company,IT security management.
In addition to whichever system should be more at the level of handling the liquid funds is very slow in the transaction disbursement of insurance funds, therefore we have done research on security systems and systems more efficiently with relational renewal project InsCoin for Knox Project" was born so that faster also in the transaction disbursement of insurance funds.
Mission inscoin for knox
In blockchain technology,Knox currently has a project to combine insurance companies with digital blockchain security systems.
Knox will explore the transformation of insurance policies from paper to smart contract :
1.With smart contract the spread of fake insurance policies is avoided because the same system problems them after receiving payment.
2.With a smart contract,the company will not have any delay in collecting credits,such as a policy issue only after receiving an embargo.This factor aims to significantly improve the management of the company itself.
3.With the smart contract in the event of a crash the real judge who will decide or not pay them is no longer the company,which can have opportunistic behavior, but the block-chain system will decide if this accident is in accordance with the provisions in the policy.
This benefit will be the most important because it will increase the company's transparency to customers.
INSCOIN tokens are an essential and fundamental part of our project.Through the customer can pay insurance premiums and can access the level maximum authenticity of the policy, receive it in the form of smart contract.
Inscoin will provide 500,000,000 tokens,which will be traded and will be stored as backup with the following details :
1 .54% Inscoin Token to be sold publicly for inscoin members.
2.15% inscoin to be in Reserve (inscoin will be blocked for 1 year)
3.10% inscoin for Team and Advisor (inscoin blocked for 1 year)
4.9% Inscoin for Reserves is distributed to 3 Insurance Companies (Inscoin blocking system for 3 months,after 10% of fund is released every month)
5.10% inscoin for Broker Network partnership,legal and Insurance Advisor (placed on the market with 8% installment every month.)
6.2% inscoin for Airdrop and Bounty Program.
For inscoin token sales is divided into two parts sales:
PRE-ICO and ICO
-Total supply 500.000.000 INC,you can buy inscoin using ethereum (ETH)
Maximum PRE-ICO Cap is 7,500 ETH
1 ETH = 5,000 inscoin tokens
-Maximum ICO Cap is 31.944 ETH SALES
1 ETH = 5,000 inscoin tokens
Soft cap: 4000 ETH
Hard cap: 39444
To get inscoin PRE-ICO and ICO visit his site directly INSCOIN
Funds received in the PRE-ICO and in the ICO will be allocated for the development of inscoin and continued inscoin
1.20% for the development of inscoin products
2.60% for Development Insurance company set-up
3.10% for Communications and marketing
4.10% for Reserve funds
To help you find out about great inscoin project, you can follow the inscoin social media account below
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