INSCOIN FOR KNOX: INSURANCE COMPANY BASED ON THE FIRST BLOCKCHAIN TECHNOLOGY

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 KNOX will be the first revolutionary Blockchain insurance company that connects the real world with Blockchain technology. This will bring a more efficient and advanced structure into the insurance industry while providing solutions to the problem of certification and anti-counterfeiting insurance policies 
Bitcoin was first introduced in 2008, followed by a large number of cryptocurrency until now. Blockchain technology has been introduced to a large number of sectors that have succeeded in generating more efficiency and security. INSCOIN plans to use, among the many available networks, the Ethereum blockchain, which currently provides the highest number of real cases used and the service economy and transactions currently operating. 
The aim of KNOX is to achieve, by utilizing blockchain, decentralizing the entire insurance system. The advantage of using this decentralization process is that KNOX can change traditional insurance policies from paper to smart contracts.   
  •  The use of intelligent contracts to spread fake insurance policies can be avoided  
  • The use of smart contracts delays in credit collection can be avoided 
  • The use of intelligent contracts increases the company's transparency towards customers.  
  How can Blockchain change the insurance sector?  

For customers: 

  • Smart contracts prevent diffusion of fraudulent insurance policies.  
  • The customer has complete control over the insurance policy 
  • Customers have online accessibility and check their policy status 

For insurance companies:  

  • With a smart contract, there will be no delay in collecting premiums  
  • Because of Blockchain technology, fraud policies will not enter the company 
  • Blockchain greatly improves the efficiency of operational and security processes  

 For Brokers:

  • Bring credibility to policyholders and beneficiaries 
  • Quick check of instant commission allocation administrative reports 

How does it work on Blockchain Technology?  


Use of Tokens

  • 54% = for Token Sales  
  •  15% = Backup blocked 
  •  10% = Team and Advisor  
  • 9% = Reserves are distributed to 3 Insurance Companies  
  • 10% = Broker Partnership network, Legal and Insurance advisor  
  • 2% = Airdrop and Bounty   

Deflation plan  

Token Sales Details:

 The total supply is 500,000,000 INSC Max PRE-ICO Cap is 7,500 Ethereum (ETH)  

Max ICO Cap is 31,944 Ethereum (ETH)

Soft stamp: 4000 Ethereum (ETH)

Hard stamp: 39,444 PRE-ICO  



Road map


Executive team

Team

Advisor

For more information:

my conclusion - InsCoin is a very promising project with a revolutionary concept from a very strong team. This will bring many technological advantages using blockchain technology for the insurance industry which will be a major turning point in the overall insurance industry in the future. 
Author: Dewi99
Profile:  https://bitcointalk.org/index.php?action=profile;u=2296534
ETH:  0xB05CBa02ab79fF5AA5AF650D49bD6B325dfD797F

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