Crypto Pacitan : INSCOIN - The first decentralized insurance company

For many people, insurance is a terrible business. Many consider providers to be smiling when they try to sign up, but they change when they are encouraged to do something. Although this is understandable, it is easy to fix. The central insurance industry has become the main problem of this activity. It is important to create an arena in which the parties involved can trust the other party to ensure the end of the contract.

The KNOX project will be the first insurance company to combine the real world with the digital world through blockchain technology, creating the most efficient and sophisticated structure in the industry to find solutions to certified and counterfeit-proof insurance policies.

"InsCoin for Knox Project" aims to establish the first insurance company to receive Crypto (INSC) for insurance premium payments, and the first will use blockchain to solve the problem of fake insurance policies.

INSCOIN project aims to use, among the many available, blockchain Astraleum, which currently serves the largest number of real cases, and uses economic services and transactions that are currently in operation. Astraleum supply, use and technology infrastructure ERC20, the creation of a digital personal coin dispensing volumes controlled (token), which allows it to support entrepreneurial projects. The sale of tokens will allow the company to gather the necessary economic resources for project development, with the token itself playing a key role. Tokens in this sense allows the possibility of new technologies that offer innovative services.

The objective of KNOX is to use the blockchain to decentralize the entire insurance system. Decentralization means transforming traditional insurance policies from paper into smart contracts.

Smart contracts avoid the spread of counterfeit insurance policies because they are the same system that issues them upon receipt of payment.

With smart contracts, the company has no delays in collecting loans, as the policy is issued only after receipt of payment. This factor should significantly improve the management of the company.

With a smart contract in the event of an accident, the actual judge who decides whether to pay for them is no longer the company that may have opportunistic behavior, but the system decides whether the chain hoist those accidents in accordance with the provisions of the directive. This benefit will be the most important as it increases the transparency of the business for the customers.

INSCOIN platform.

At the same time, when three insurance companies start, once a legal license has been acquired, an internal exchange platform will be created with the help of the collected funds. This platform will play a fundamental role in giving customers access to the purchase of insurance products that our structure can use.

With the help of a platform developed by KNOX, the insurance policy will develop into a fully automatic solution and prevent possible conflicts between the parties involved. Insurance companies are set up in Lisbon, Bermuda and Dubai to work on a global scale. Appropriate licenses are obtained from the authorities of three states, which allows for insurance. In the early winter of 2018, an internal platform will be introduced that will enable customers to access their policies through smart contracts. The project team did a remarkable job in 2017. In other words, in May, a legal advisory business plan was created, in which € 150,000 was invested, and the partnership was concluded with over 300 insurance brokers, who were willing to work with the company.

As already mentioned, ICO on the platform is the cost of a coin of 1ETH or 7,000 tokens. And you can register on the company's website to stay up to date when it's actually posted. Until then you have to sit and wait like any other with the expectation of a new coin, which will be released soon

How does InsCoin work?

This new project is being developed and used for the ICO Knox project. And the entire project was developed to enhance customer relations with complete and complete transparency. There is a lot going on with the new company and there is a lot of information on the company's website. Not only that, but the information on the website is divided into several sections, all of which are easy to navigate and give you everything you need to learn about coins.

This project has several different fields, as already mentioned. The first one is the summary of the Insacoin project. And not only that, the White Paper is also available and full of the information you need to teach you about the project and everything that's going on there.

And with a roadmap in hand, you can easily anticipate project developments, corporate implementation, such as vision, keep pace and even forecast new business plans. There are many other common documents that are also available.

How does InsCoin work?

Token Token TOKEN => Token

Enter INSC => ERC20 (Ethereum Network)

Delivery note => There is a total stock of 500,000,000 INSC

SALE TOKEN => So much

270,000,000 INSC earmarked for token sale

Exchange rate => The current is deleted with a value of 1ETH = 5000INSC.

Softcover = There is an amazing 4th soft-cap project of the ETH for this project.

Hard Cap => Hard-cap 39,444 ETH, while unsold tokens are destroyed after the token sale period.

PRE-ICO => Pre-OIC for first time investors from 23 June 2018 until 7 July 2018.

ICO => Ico starts on July 23, 2018 and ends on August 23, 2018, exactly one month.

There is an additional bonus that distinguishes each ICO phase, which is a good development for investors