VERNAM THE FUTURE OF INSURANACE

crypto4earn (27)in #cryptocurrency • 7 years ago

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The World's First 0% commission insurance on blockchain

WHAT IS VERNAM
A NEW GENERATION OF INSURANCE PROCESS
ON THE BLOCKCHAIN.
Vernam utilizes blockchain technology to provide:

Competitive online marketplace for conventional insurance products by the biggest insurance companies
Generous compensation - up to 30% of the policy premium in Vernam tokens (VRN) is returned to clients
“CryptoSafe” - a smart contract, guaranteeing that when a defined set of events occur, the client will be compensated with a certain amount of Vernam Tokens (VRN). The newest and most innovative blockchain based insurance product that Vernam will introduce
$ 4.73 trillion
Total addressable market
More than 90%
Of the total insurance revenues come from North America, Europe and Asia
Up to 30%
Of the traditional insurance policy price goes for broker commission
60%
Of millennials already adopting online insurance
Up to 30%
Sector efficiency improvement opportunity thanks to blockchain and smart contracts

Token Allocation

Start of token crowdsale: N/A 2018
Token symbol: VRN
Type: ERC-20
Total token supply: 1.000.000.000 VRN
New token will never be created
Soft Cap: 40.000.000 VRN
Hard Cap: 500.000.000 VRN
Minimum transaction amount: 0.1 ETH, 0.01 BTC, 1000 USD
1VRN = 0.051 - 0.085 USD
1VRN = N/A ETH*
1VRN = N/A BTC*
The unsold tokens will be burned

The crypto currencies exchange rates(ETH,BTC), used during the event will be locked to the first day of the crowdsale

Use of Proceeds

Marketing is a critical field for the platform’s success and “Insurtech” is one of the most expensive industries in terms of marketing costs.
Legal and administrative fees will be substantial, given the platform’s target of registering brokers in covering 8 countries by the end of 2020.
A key element for the project will be the platform development (blockchain platform,desktop and mobile clients)
The remaining funds will be used for network development (i.e. negotiating initial broker collaboration, acquisitions and other equipment / physical asset costs).

Company Roadmap

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