"InsCoin for Knox Project" aims to establish the first insurance company that will accept a Crypto (INSC) for the payment of insurance premiums, and the first that, with the help of the blockchain, will solve the problem of falsification of insurance policies.
The KNOX project will be the first insurance company that merges the real world with the digital one using Blockchain technology, creating the most efficient and advanced structure in the sector, to find a solution to the problem of certification and anti-forgery of insurance policies. It will be the first ever to emit insurance policies both in smart-contract and traditional paper form.
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 blockchain system that, in a totally disinterested by the human opinion, 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.
SummaryShort Brief about InsCoin for Knox Project Initial Coin Offering project with a score of 7.8, and this conclusion was written on 23 July, 2018.
Bear in mind that the information you see right now may change.
Initial Coin Offering project is alive and has 38 days and 23 hours left.
Ico Start date was on 23 July, 2018, and the first post on bitcoin forum we see is on 30 April, 2017 with Subject ANNICO INSCOIN FOR KNOX - The 1st Blockchain Based Insurance Company.
Subject started by trifiz who now has 270 and the status Full Member on BT website.
ICO PROJECT END DATE is on 30 August, 2018 so lose no time.
Initial Coin Offering project has chosen Ethereum token staging and is planing to raise hard cup of 39,444 ETH.
|Token Total Supply||500,000,000 INSC|
|Token Amount For Sale||270,000,000|
|Pre-ICO Token Price||1 INSC = 0.0002 ETH|
|ICO Token Price||1 INSC = 0.0002 ETH|
|ICO Token Supply||54 %|