Insurance is a very familiar word among all the people. Insurance industry was started in Genoa in Italy on 14th Century. Merchants wanted a way to guarantee that their goods were delivered correctly. The insurance sector has become a large industry today. However still there we can see some problems with Insurance industry. Issues of certification and anti-forgery of insurance policies are major of them. Inscoin has provided solution for the problem of falsification of insurance policies.
What is Inscoin For KNOX?
Inscoin establishes the first insurance company that will accept crypto for the payment of insurance premiums. Also, this project has integrated solutions for solving problems of certification and anti-forgery of insurance policies. The inscoin system has avoided the spread of false insurance policies using the smart contract, as it is the same system that issues them after receiving the payment. Also, the companies won’t have delay in collecting credits as the policy is issued only after receiving the payments.
How it works?
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.
KNOX insurance issues a paper-based policy. Inside the customer will find the serial number of the policy and a unique barcode. The beneficiary has to activate the policy on the dedicated section in Inscoin platform by entering the serial number and the code underneath the barcode. Once the required data are provided, the system will release a certified PDF file where the terms of policy are stated. It will certify the coverage and authenticity. If the issued policy turns out to be not hedged, the contractor will be required to pay the premium. At last KNOX will issue the policy in a smart contract form.
About Inscoin Token Sale
Inscoin token sale has two parts, Pre-ICO and ICO. Total Supply is 500 000 000 INSC. Maximum PRE-ICO Cap is 7500 ETH and 1000ETH has already collected at phase-1 within 3 days. Maximum ICO Cap is 31944 ETH.
Soft cap is defined as 4000 ETH and Hard cap is 39444 ETH.
1ETH = 5000 INSC
Bonus available for each phase are given in follows,
Second phase of the Pre-ICO will be started on Mid-September
About INSC Token
INSC is an ERC-20 token. Inscoin tokens can be used to pay insurance premiums through the platform. And also, can access the maximum degree of authenticity of the policy.
Investment Information
Minimum investment is 0.1 ETH. All unsold tokens will be burned after ICO.
Due to national regulations, participants from the following countries are not allowed to participate in the ICO: United State, Canada, South Korea, Singapore and China. This prohibition applies to all types of people (moral, physical, agent, etc.) and to any indirect participation (via a proxy, a name loan, etc.).
ETH, BTC accepted when purchasing INSC
Investors are requested to provide KYC.
Ratings
Details on Inscoin Bounty Program
Inscoin is allocating 2% tokens (7 500 000 INSC) for their bounty campaign
• Start campaign: 18th June 2018
• End campaign: 26th August 2018
• Join Inscoin bounty : https://bitcointalk.org/index.php?topic=4494867.0
For more details
Website: https://inscoin.co/
Telegram: https://t.me/inscoinico
Whitepaper: https://inscoin.co/documents/Whitepaper-EN.pdf
Twitter: https://twitter.com/InsCoinforKnox
Facebook: https://www.facebook.com/INSCoinforKnox/
Reddit: https://www.reddit.com/r/InsCoin/
Steemit: https://steemit.com/@inscoin
Linkedin: https://www.linkedin.com/company/inscoin-holding-ou/
Youtube: https://www.youtube.com/channel/UCeYb1urpmhALHv_0lm6ZI8w
About Me
My Profile: https://bitcointalk.org/index.php?action=profile;u=1890657
Eth Address: 0xa4A208C7b431a83362287b8A63D2E675a8e9E15b