Introduction of blockchain technology over the years has been a welcome development. There have been a lot of problem facing most sectors before the introduction of blockchain technology. Centralization has caused problems which part of those problems is what we have seen in most of our financial institution which ranges from several banks to insurance companies. Before the introduction of blockchain technology transaction and certification of documents were made in insurance company manually, it doesn’t involve the use of digital currency which this has caused series of issues such as poor policy, forgery, insecurity which shouldn’t have happened in an insurance company and likewise misunderstanding between customers, brokers and the company. These and many more is what KNOX Platform through the use of smart contract on Ethereum blockchain will rectify.
KNOX PLATFORM
This is a great company that introduced the addition of blockchain technology to the existing method which it’s using before with the use of crypto-currency to find possible solution to the issues of forgery, certification and the others issues arises in the platform. The policy adopted by Knox Company will be in favor of old method and the application of new one to solve the problem facing an insurance company. KNOX insurance company will be located in the following places Lisbon, Dubai and Bermuda Islands to allow it’s free operation without any restriction
Blockchain technology is very vital to insurance company in the following ways. It saves customer from illegal activities because of its decentralization. Also it increases the cash flow of the company by eradicating delay in an amount to be paid for a contract made by customer. Also it helps the brokers by earning instant commission without any delay.
INSCOIN=> This is the crypto-currency that will be use for any activities or transaction on https://www.inscoin.co/ Insurance Company.
TOKEN
Token Symbol=>INSC
Token Type=> ERC20 (Ethereum Network)
Token Total Supply=>There is a total supply of 500,000,000INSC
TOKEN SALE=> There is total amount
270,000,000INSC allocated for token sale
Exchange Rate=>The token will be exchange at the rate of 1ETH=5000INSC.
Soft Cap= There is a project soft cap of 4,000 ETH which is a very good one for the project.
Hard cap=> Hard-cap of 39,444 ETH while the unsold token will be destroy after the token sale period.
PRE-ICO=>Pre-Ico for early investors starts by 23rd of June 2018 and will end on 7th of July 2018.
ICO=> Ico starts on July 23, 2018 and end on August 23, 2018 which is exactly a period on 1month.
There has been an additional bonuses allocated to each stages of ICO which is good development for investors
TOKEN ALLOCATION
54% of the total supply has been allocated to token sale
15% Allocated to wholesaler
10% Allocated to team and Advisors
10% Allocated to network partnership
9% Allocated to the companies
2% Allocated to Airdrop and Bounty
FUND ALLOCATION
60% Allocated to Insurance Companies Set-up
20% Allocated for Platform Development
10% Allocated for Marketing
10% Allocated for Reserve
TEAM: Details Of The Project Team Below
ROADMAP=> Details Of The Roadmap Below
PARTNERS: Check the list of Partners Of KNOX Below
USEFUL LINKS=> For More Details About The Project Check Below Links And Follow on Social Media.
Website=> https://www.inscoin.co/
Whitepaper=> https://inscoin.co/assets/content/whitepaper_en.pdf
Telegram=> https://t.me/inscoinico
Twitter=> https://twitter.com/inscoinforknox
Reddit=> https://www.reddit.com/r/InsCoin/
Bitcointalk ANN=>https://bitcointalk.org/index.php?topic=4494867.0
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