Insurance is a means of protection from financial losses. This is a form of risk management, mainly used to protect themselves from the risk of uncertain loss
The insurance industry helps to eliminate the risk when fire insurance providers demand the adoption of safe practices and installation of hydrants, spread risk from individuals to larger communities, and provide important public and private long-term financial resources. sector. , even though it functions in society
Overview
Insurance is increasingly preparing itself for a brighter future and the growing insurance industry helps in economic development and growth. This encourages savings and investment, job creation and growth in capital markets and financial assets. Apart from all these interests, there are still some annoying limitations, this brings Inscoin to the scene
Inscoin is the first decentralized insurance company that will combine the real world with digital using blockchian technology, it will create the most efficient and advanced structure in the sector, this is a project designed to solve the problem of certification and anti-counterfeiting insurance policies
Challenges to cripple insurance companies
Fraud
Accidental acts of fraud or concealment of truth have paralyzed insurance companies and cost around $ 40 billion annually and $ 500 billion on average in insurance premiums
Cyber security
The global insurance industry, valued at nearly $ 1 trillion a year, has now become the main target for cyber attacks. The volume of valuable data created, collected and stored by insurance companies presents a number of unique challenges for this sector coupled with delays in international banking transactions
Solution to this problem
The Knox Project is the first insurance company to combine the real world with digital with the help of blockchain technology, solve the problem of anti-counterfeiting insurance policies, it comes with the idea of using smart contracts to avoid the spread of insurance policies, using smart contracts the company will not have a delay in collecting credit because the policy is issued after receiving payment, in the case of an accident the judge of the intelligence contract company will no longer judge whether to pay or not who can decide to use opportunistic behavior, but this is a blockchain system that decides whether the accident is in accordance with the provisions of the system
Token Details
54% Token Sales
15% Reserves blocked (Broker WholeSaler)
10% Team and Advisor
9% Reserves are distributed to 3 Insurance Companies (blocked for 3 months
and 10% monthly release)
10% Network Broker partnership, Legal Advisors and Insurance
2% Airdrop and Bounty programs
Token Sales
This is divided into two parts: PRE-ICO e ICO.
The total supply is 500,000,000 INSC
The maximum PRE-ICO Cap is 7,500 ETH
The maximum ICO Cap is 31,944 ETH
Soft cap: 4000 ETH
Hard stamp: 39,444
PRE-ICO
Payment at Ethereum will be accepted
Team
AGOSTINO RAFFAELE LUONGO is co-founder, He is an accountant, auditor, court adviser, he works with high profile and experts from various professions such as Insurance Accounting Specialists, Administration and Management, insurance brokers etc.
Conclusion
Inscoin is a decentralized company that combines the real world with digital using blockchain technology, which aims to solve the problem of cyber security fraud and slowness of international banking transactions by using a smart contract network to handle it
Meet us at this link
Telegram https://t.me/inscoinico
Twitter: https://twitter.com/inscoinforknox
Author : Dewi99
Profil : https://bitcointalk.org/index.php?action=profile;u=2296534
Eth:
0xB05CBa02ab79fF5AA5AF650D49bD6B325dfD797F
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