The INSCOIN platform’s KNOX project is establishing the first decentralized insurance company which will merge the real world with the digital by using blockchain technology. This platform is finding a solution to the problem of certification as well as anti-forgery of insurance policies by creating the most efficient as well as advanced structure in the insurance sector. The blockchain technology of this platform is creating decentralized as well as disinter-mediate new generation services. This platform is solving the problems of insurance company by creating a trustless as well as permission-less network with the help of the blockchain technology. The white paper link of this platform is https://inscoin.co/documents/Whitepaper-EN.pdf. We can purchase INSC token from their website. The website link of this platform is https://inscoin.co.
Feature of the INSCOIN platform:
The INSCOIN is the blockchain technology based insurance company named KNOX project in the online digital ecosystem of the cryptocurrency industry. This platform is merging the real world with the digital one using digital world by using blockchain technology. This platform is creating the most efficient and advanced structure in the insurance sector by finding a solution to the problem of certification as well as anti-forgery of insurance policies. This platform is providing different features for their customers, insurance company and brokers with advanced technology and expertise. The Feature of the INSCOIN platform is given below:
The INSCOIN platform is implementing smart contract technology in the KNOX project of insurance company. This technology will prevent the diffusion of fraudulent insurance policies. The smart contract of this platform is the system that will issue after the receiving payment. This platform is giving opportunity to their customers where they have total control of the insurance policy which written on the blockchain technology. The insurance policy can be checkable by anyone at the any time. The customer of the INSCOIN platform can access all the company’s services through the web as well as mobile platform. A customer can verify all the policies that providing by this platform by web as well as mobile platform.
The INSCOIN platform is implementing smart contract technology for insurance companies. This platform’s smart contract will ensure that there will be no delays in collecting premiums. As a result the insurance company will improve significantly for the company’s cash flow. This platform is using blockchain technology which will confirm that fraudulent policy can never be charged to company. The blockchain technology based smart contract cannot be changed by anyone. The blockchain technology is improving operational processes of the insurance policy with smart contracts. It is also ensuring a totally a unassailable security system. The blockchain technology is giving best security and safety on this platform. Using this platform the insurance companies can be beneficial for the advanced technology as well as expertise of the platform.
The INSCOIN platform is giving different facility to the broker of the insurance company where they can earn credibility in from of policy holders as well as beneficiaries. The broker of this platform can get instant check of his admin report. They can be beneficial for immediate allocation of commission. At the end, the broker of insurance policy also can be beneficial in financially with giving advantages to customers by using this platform.
The INSCOIN platform will change the insurance industry with their KNOX project. They will issue insurance policies in the form of traditional paper as well as in the form of smart contract. This platform is giving significant advantages to customers, insurance companies and broker of insurance. The website link of this platform is https://inscoin.co.
ICO detail:
The INSCOIN platform will hold ICO (initial coin offering) event. The ICO detail of this platform is given below:
• The presale start time is 23 June 2018 and end time is 08 July 2018.
• The main ICO start time is 23 July 2018 and end time is 30 August 2018.
• The pre-ICO price is 1 INSC = 0.0002 ETH.
• The main ICO price is 1 INSC = 0.0002 ETH.
• The accepted currency is ETH on the token sale event.
• The soft cap of the token sale is 4000 ETH.
• The hard cap of the token sale is 39, 444 ETH.
• They will give bonuses up to 30%. This platform bonus distribution will be as flows:
The INSCOIN token allocation:
This platform will allocate all created token for different development and platform program. The INSC token allocation is given below:
• They will allocate 54% of the total tokens for token sale.
• The broker wholesaler will be allocated by the 15% of the total tokens.
• The team and advisors will be allocate by the 10% if the total tokens.
• This platform will allocate 10% of the total tokens for broker network partnership.
• They will reserve 9% of the total tokens for the 3 companies.
• The airdrop and bounty program of this platform will be allocated by 2% of the total tokens.
Fund allocation:
After the ICO of this platform they will get fund to develop this platform. This platform will use all raised fund for different uses. The fund allocation of the INSCOIN platform is given below:
• This platform will use 60% of the total raised fund for insurance company’s set-up.
• This platform will allocate 20% of the total raised fund for platform development.
• The marketing program of this platform will be allocated by 10% of the total raised fund.
• They will allocate 10% of the total raised fund for reserve funds.
Flow below important links of the INSCOIN platform:
• Company Website: https://inscoin.co/
• Twitter Pages: https://twitter.com/InsCoinforKnox
• Facebook Page Link: https://www.facebook.com/INSCoinforKnox/
• Bitcointalk ANN Thread: https://bitcointalk.org/index.php?topic=4422850
• Whitepaper Link: https://inscoin.co/#whitepaper
• BitcoinTalk User Name: rayhan.zakir75
• BitcoinTalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1296254
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