Hello friends today, we'll talk about using the token and its important moment. For us, this is the most important part in any project. How one will feel a token on the market will determine its value or value in the market.
The INSCOIN token is a fundamental part of the project. Through it, the client can pay insurance premiums and get access to the maximum degree of authenticity of the policy, receiving it in the form of a smart contract.
All tokens will be distributed as follows
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
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All unsold tokens will be burned. After the completion of the ICO, the 15-percent reserve of WholeSaler Broker will form the basis of the "Deflation Plan." The team decided to give INScoin a deflationary role to ensure a constant increase in its value based on a gradual increase in turnover, which leads to a proportional increase in demand
The “Deflation plan” will be structured like this:
15% of the supply (Broker WholeSaler reserves) will, at the end of the ICO, be temporarily blocked by a smart contract for 1 year. Starting from this basis we have foreseen a further controlled reduction of the working capital based on the sale of insurance policies.
The collection of premiums in inscoin is articulated like this:
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
The inscoin collected per single policy, as soon as received by the company, will be blocked by a smart contract for a period of one year. After this, they will subsequently be released at a quarterly rate of 25% of the total received and used to support the increase in turnover of the three companies and ensure a healthy token economy. The other blocked reserves do not fall within the "Deflation plan".
To favor the investor, 10% (Team and Advisors) will be blocked for 1 year, 9% (guarantee fund of the 3 companies) will be blocked for 3 months, after which 10% of the fund will be released each month, 10% (Broker Network partnership, Insurance advisor and legal) will be placed on the market in installments of 8% each month.
All the funds mentioned above will be blocked by smart contract.
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Based on this, we will show that the team correctly distributed all the coins. They understand what to do with them. The freezing of coins gives the stability of the price. Many components are thought out and it is very important. In the next article, I'll try to talk more about this project.
Join the social networks and the official chat of telegrams. There you can ask any questions.
Telegram: https://t.me/inscoinico
Linkedin: https://www.linkedin.com/company/inscoin-holding-ou/
Twitter: https://twitter.com/inscoinforknox
Facebook: https://www.facebook.com/Inscoin-for-Knox-1802470656458272/
Reddit: https://www.reddit.com/r/InsCoin/
My BTT : https://bitcointalk.org/index.php?action=profile;u=1300560
Looks promising! I think the project has great potential!
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