INSCOIN

Before I take you on this incredible voyage, please check out this video presentation to get acquainted!

Now that I have your attention, let’s get right to it

What is INSCOIN really?

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.

The insurance policies issued by Knox Insurance will be both in traditional paper form and in the form of smart contracts, allowing the customer to monitor their policies in real time, in full transparency and safety. Thanks to the platform developed by knox insurance, the policies will evolve to become fully automated and eliminate any possibility of 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.

The Way Forward

Decentralization of the insurance industry should have been initiated before now. This would have seen the chips of every party on the table without any form of avarice. The KNOX platform offers a conducive environment where terms are agreed upon and each party sticks to the stipulations set therein. Based on the highly effective blockchain technology, the KNOX platform is extremely transparent. No shady deals, unpaid premiums and the common problems witnessed in the insurance services currently peddled right now.

In insurance, how payment is made or what is actually paid is a knotty subject. In the KNOX platform, this problem is completely non-existent. The INSCOIN token, a cryptocurrency based on the Ethereum ERC20 technology, is used to for every payment on the platform. It is goodbye to unsettled insurance claims or late payment since the smart contract of the ethereum technology reached by the insurer and insured, effects the terms of the agreement immediately the insured makes payment. Users can’t get cheated no matter who they are dealing with.

The parties involved will be obliged to comply with all the conditions of the contract - the automated insurance system excludes the human factor, which will not allow to influence the contract and adjust them. This is what the developers of INSCOIN are striving for-this token will become the Central currency of the new project, which promises to become a revolutionary solution in the insurance segment.

The developers of the global plans-they want to create several ground insurance companies that will work in Dubai, Switzerland and other countries. This will attract customers to offices, draw up contracts, and duplicate them in digital form.

It is necessary to highlight the main advantages of using blockchain, as well as smart contracts. What exactly do platform clients get:

Paying this amount, customers receive a reliable insurance policy. The intellectual contract gives a unique opportunity to protect yourself from false documents, this is what many unscrupulous insurers sin;

Each client can check their policy at any time-it does not need to visit the office. everything will be available in electronic form. This approach makes it much easier to work with documents;

A high-quality mobile platform will be created, which allows customers to view the features of the company, its offers, as well as to select the necessary services, based on their own preferences.

Insurance company:

Smart contracts allow you to receive all payments in a timely manner, this contributes to the absence of problems with bonuses and other payments within the company;

The use of blockchain technology eliminates any fraudulent schemes, customers get confidence that they cooperate with an honest, modern company;

The security system will become more perfect, as well as the speed of execution of all necessary transactions. Customers, as well as companies that provide services, can count on the rapid implementation of all the initial conditions of cooperation.

Brokers
The commissions will be distributed really quickly and fairly. Each broker will be able to expect to receive a reward, in accordance with the work performed;

Quick check of all transactions and contracts, administrators quickly confirm the correctness of the actions performed;

No scams-brokers are required to act honestly to count on making a profit.

What's next

The developers of INSCOIN are going to attract new investments to the project to create a new exchange decentralized platform. This requires obtaining some licenses. The promised functionality:

Brokers will be able to create individual profiles, as well as personal wallets to work with cryptocurrency;

The customer base will be available at any time, brokers will be able to personalize it, create separate profiles for each client and his requests;

The internal platform will allow customers to use tokens to carry out any required operations within the ecosystem itself.

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 covered by the structure.

The certification of the authenticity of the policies will be carried out partly on the internal platform of Knox Insurance and partly on the Blockchain of Ethereum. 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.

Token Information :
Ticker: INSC
Type: ERC20

Total Supply: 500’000’000 INSC
Tokens for sale: 270’000’000 ISNC
Exchange rate: 1 ETH = 5’000 INSC
Soft Cap: 4’000 ETH
Hard Cap: 39’444 ETH
Unallocated tokens will be burned after the end of the ICO.
Pre-ICO starts: June 23, 2018
Pre-ICO ends: July 7, 2018
Pre-sale Price : 1 INSC = 0.0002 ETH
ICO Price: 1 INSC = 0.0002 ETH
Accepting: ETH
Soft cap: 4000 ETH
Hard cap: 39444 ETH
Bonuses: Up to 30%
ICO starts: July 23, 2018
ICO ends: August 23, 2018