Good evening dear subscribers!InsCoin - a new word in the field of insurance
Insurance company. It's the pain of almost every person who has ever taken out insurance. Huge contracts with small print, the high cost of insurance due to a large number of intermediaries, and, of course, in the event of an insured event, sometimes you have to prove to insurers that they actually owe you money…
Today we will meet the world's first blockchain-based insurance company.
So, InsCoin is the first project in the field of insurance, which will accept cryptocurrency as money. The developers of InsCoin want to create an honest, flexible, decentralized infrastructure that will be protected from fraud, counterfeiting and other disorder in the insurance industry.
The user of the platform will be able to receive both a paper certificate of insurance, which is familiar to us, and to register all this in the form of a smart contract. In the second option, the insured can keep under full control his insurance policy online, and also in full transparency and reliability, but with the indispensable observance of the inviolability of his private life.
All this should eventually lead to a 100% automated insurance policy, which excludes the possibility of conflicts of interests of the parties.
The application of smart contracts in this area will undoubtedly lead to a clear fulfillment of obligations on both sides, and the decentralization of the platform – to a significant reduction in the cost of insurance policies due to the fact that insurance companies will no longer need a huge number of employees and intermediaries. Blockchain will also speed up the process of insurance registration and issuing money on insurance cases, which will favorably affect the cash flow of the platform itself.
Of course, you can use the services of the platform on the basis of the INSC token issued by the project.
Work on this project was started in March 2017 (according to the roadmap) and to date, more than 300 insurance brokers of the world have already agreed to cooperate. In 2018, the company plans to conclude agreements with major crypto-exchanges to facilitate its users to cash INSC if necessary.
Type : ERC20
Delivery: 500'000' 000 INSC
Price : 1 ETH = 5'000 INSC
The policy of sale of tokens involves 4 stages:
- Pre-sale of phase 1 (23-30 June)
Cap: 1'000 ETH Bonus 30%
- Pre-sale phase 2 (July 01-07)
Cap: 1'500 ETH Bonus of 27.5%
- Pre-sale phase 3 (July 08-15)
Cap: 5000 ETH Bonus 25%
- Token sale (July 23-August 30)
Cap: 31'944 ETH, 20% to 0% Bonus%
To sum up, I note that I personally consider the project quite serious and quite promising. I suggest you, dear readers, to pay attention to it and to study it more deeply, so as not to miss the opportunities that will have to regret in the future.
For those interested in the project provide official information links: