Introduction

The Project Involves the Institution of Three Insurance Companies Based in Dubai. Portugal and Bermuda. These Will Be the First Insurance Companies Offering Smart-contract-based Insurance Policies Along With Classic Paper-based Policies; This Will Ensure the Highest Level of Authenticity of the Policies and Will Make Them Fraud-proof. The Knox Project Will Issue "Autonomous" Smart-contract Policies, Able, Through the Clauses, to Assess the Presence of Claims and to Automatically and Immediately Trigger the Payment. Preventing Any Possible Opportunistic Behavior on Behalf of the Company.


Vision

The Typical Weakness of Insurance Industry in This Historical Period Is Mainly Due to Frauds and Policy Falsification. In This Context. Knox Project Was Born. Aiming to Clear This Blind Spot and to Evolve the Company-customer Relation in Terms of Security. Reliability and Transparency by Adopting the Perks of the Blockchain.

Who Are We?

INSCOIN Team Is Composed of Insurance Professionals That Can Boast More Than Ten Years of Experience in Insurance Companies Management and by Experts of the Crypto World.

About Us

"INSCOIN for Knox Project" aims to determine the primary insurance underwriter which will settle for a Crypto (INSC) for the payment of insurance premiums, and therefore the initial that, with the assistance of the blockchain, can solve the matter of falsification of insurance policies.
The theologian project are going to be the primary insurance underwriter that merges the $64000 world with the digital one victimisation Blockchain technology, making the foremost economical and advanced structure within the sector, to search out an answer to the matter of certification and anti-forgery of insurance policies. it'll be the primary ever to emit insurance policies each in smart-contract and ancient paper kind.
With the sensible contract the unfold of false insurance policies is avoided as a result of it's an equivalent system that problems them once receiving the payment.
With the sensible contract the corporate will not have delay in grouping credits, because the policy is issued solely once receiving the payment. This issue aims to considerably improve the management of the corporate itself.
With the sensible go for the event of accidents the $64000 decide WHO can decide whether or not or to not pay them isn't any longer the corporate, that might have Associate in Nursing expedient behavior, however the blockchain system that, in an exceedingly altogether impartial by the human opinion, can decide if this accident is compliant with the provisions within the policy.
This profit are going to be the foremost vital because it can increase the transparency of the corporate towards customers.
The INSCOIN project intends to use, among the numerous accessible, the Ethereum blockchain, that presently presents the biggest variety of real used cases and economy of services and transactions presently operative. Ethereum makes accessible, victimisation its infrastructure and ERC20 technology, the creation of digital personal coins of controlled provision (token) with that it's doable to support Associate in Nursing entrepreneurial project. The sale of tokens permits firms to assemble economic resources necessary for the event of a project within which the token itself can play a key role. The token during this sense permits new technological prospects that oer innovative services.

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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