Uncategories INSCoin For Knox BOUNTY That Uses The Latest Technology

INSCoin For Knox BOUNTY That Uses The Latest Technology

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Introduction

This project includes the establishment of three insurance companies based in Dubai. Portugal and Bermuda. This will be the first insurance company offering an insurance strategy based on intellectual property, based on classical paper policy; It will ensure a high level of authenticity of the policy and will make this evidence of fraud. The Knox project will develop an autonomous policy of smart contracts", perhaps through an article, evaluate the existence of claims and automatically and immediately start a payment. Prevent any possible opportunistic behavior on behalf of the Company.

and can be seen as part of the growth of modern business that has come to define the world-wide society. While the insurance in the form we will recognize today begins with the first insurance contract in 1347, methods for transferring and distributing risks in the monetary economy have been observed in China in the third millennium BC. One thing that has defined the insurance sector for thousands of years is its ability to adapt its practices to fit the changing technological landscape. From contracts written on parchment to websites and large data, the industry has changed rapidly.

https://www.inscoin.co/
Blockchain is the latest technology game changer to include images, and many predict that distributed ledgers can have profound effects on how insurance companies can operate. One important issue that seems to be designed by blockchain technology is the underlying principle of 'good faith' in insurance contracts. This principle states that any party entering into an insurance contract has a legal obligation to act with a standard of "greater honesty than is normally required in most commercial contracts." This means that insurance companies are required to believe that they are being told the truth by the person want to take out insurance.It's different from other contracts, which are usually based on the principle of 'let buyers take care,

Decentralization of the insurance industry should have been initiated before now. This would have seen the chips of every party on the table without any form of avarice. The KNOX platform offers a conducive environment where terms are agreed upon and each party sticks to the stipulations set therein. Based on the highly effective blockchain technology, the KNOX platform is extremely transparent. No shady deals, unpaid premiums and the common problems witnessed in the insurance services currently peddled right now.


This is a great company that introduces the addition of blockchain technology to existing methods previously used with the use of crypto currency to find possible solutions to fraud issues, certifications, and other issues appearing on the platform.  The policy adopted by Knox Company will support the old method and the new implementation to solve the problems facing the insurance company.  The KNOX insurance company will be located in the following places, Lisbon, Dubai, and the Bermuda Islands to allow free operation without any restrictions

For the development of a project in which the token itself will play a key role. The token in this sense enables new technological possibilities that o er innovative services.

The goal of KNOX is to reach, by exploiting the blockchain, a decentralization of the whole insurance system. Decentralization means the transformation of traditional insurance policies from paper into smart contracts.

  • With the smart contract the spread of false insurance policies is avoided because it is the same system that issues them after receiving the payment.
  • With the smart contract the company won't have delay in collecting credits, as the policy is issued only after receiving the payment. This factor aims to significantly improve the management of the company itself.
  • With the smart contract in the event of accidents the real judge who will decide whether or not to pay them is no longer the company, which could have an opportunistic behavior, but the block-chain system will decide if this accident is compliant with the provisions in the policy. This benefit will be the most important as it will increase the transparency of the company towards customers.
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https://www.inscoin.co

Token info

Token - INSC
Platform - Ethereum
Type - ERC20
PreICO price - 1 INSC = 0.0002 ETH
Price in ICO - 1 INSC = 0.0002 ETH
Pre-ICO starts - June 23, 2018
Pre-ICO ends - July 7, 2018

Bonus - Available

Investment info

Min. investment0.1 ETH
Accepting - ETH
Distributed in ICO - 54 %
Soft cap - 4,000 ETH
Hard cap - 39,444 ETH

Tokens for sale - 270,000,000
Unallocated tokens will be burned after the end of the ICO.

The INSCOIN token is a fundamental part of our project. Through it the customer can pay insurance premiums and can access the maximum degree of authenticity of the policy, receiving it in the form of smart contract.
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Inscoin's supply will be 500.000.000 and will be distributed like this:

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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Roadmap

Study project realization (MARCH 2017)
Team Building
Establishment of the first collaborative network

Forecast Business plan (MAY 2017)
Legal consulting
Invested €150.000

IT insurance licensed platform (JULY 2017)
Invested €300.000 for certified insurance platform

Insurance partnerships (OCTOBER 2017)
Partnership with more than 300 insurance brokers ready to work with the companies

ICO Planning (FEBRUARY 2018)
ICO planning and development of a marketing plan

PRE-ICO (JUNE 2018)
Start of the PRE-ICO

ICO (JULY 2018)
Start of the ICO

Team

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