INSCoin - KNOX PROJECT FIRST BLOCKCHAIN INSURANCE

What is Insurance ? 

Insurance helps us protect ourselves against risks like a house fire, car accident or burglary. We can also get insurance that pays us money if we get too ill or to provide for your family if we die. So insurance is a very important sector for everyone.  With insurance, we can choose what we want to be protected against.Then our insurer calculates the risk that the events to be insured will happen and the insurance provider or insurer will determine the price we will need to pay. 

There are three main things in insurance. 

•  Policy -  insurance policy is a document that lists exactly what we are or aren’t protected against
•  Premium - The premium is the amount that we pay each month or year to have the  insurance. The amount we pay depends on the risk and on the value of the events we’re insuring 
•  Claim - If something happens that’s covered by the policy, we can claim on your insurance by informing it to the insurer. 

Why we need introduce blockchain technology to Insurance sector ?

According to the research study, the annual loss of insurance fraud amounts to about $ 40 billion. On the other hand, we give increase transparency of the insurance sector by introducing blockchain technology and it gives the solution to the problem of certification and anti-forgery of insurance policies. 

What is KNOX ?

The KNOX project will be the first insurance company that involves the real world with the digital one using Blockchain technology, creating the most efficient and advanced structure to the insurance sector, to find a solution to the problem of certification and anti-forgery of insurance policies. The insurance policies issued by Knox Insurance will be both in traditional paper form and in the form of smart contracts, allowing the customer to monitor their policies in real time, in full transparency and safety. Thanks to the platform developed by KNOX insurance, the policies will evolve to become fully automated and eliminate any possibility of the conflict of interest between the parties involved.

How it works ? 

What are the advantages ?

•  For Customers
  
  ~ Using Smart Contract prevents fraudulent insurance policies, since the same system will grant them
     after payment.
  
  ~ Customer have full control over insurance policies written in Blockchain, which can be checked by 
     anyone at any time.
  
  ~ Customer can  access all company services and check their policies by visiting WEB and mobile 
     platform. 
•  For insurance companies
  
  ~ Because of  the Smart Contracts, there will be no delay in collecting premiums, this will significantly
     increase the company’s cash flow.
  
  ~ Thanks to Blockchain, the company can not be accused of fraud.
  
  ~ Blockchain technology improves operational processes and provides a truly impenetrable security   
     system. 
•  For brokers
  
  ~ Earning the  trust before holders and beneficiaries.
  
  ~ Instant inspection report by admins.
  
  ~ Immediate commission distribution. 

The Way Forward

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.

In insurance, how payment is made or what is actually paid is a knotty subject. In the KNOX platform, this problem is completely non-existent. The INSCOIN token, a cryptocurrency based on the Ethereum ERC20 technology, is used to for every payment on the platform. It is goodbye to unsettled insurance claims or late payment since the smart contract of the ethereum technology reached by the insurer and insured, effects the terms of the agreement immediately the insured makes payment. Users can’t get cheated no matter who they are dealing with.

This InsCoin project will be the first company in the real world and the digital world!

KNOX Project will be the first insurance company to combine the real world with digital technology with Blockchain, create the most efficient and sophisticated structure in the industry, to find solutions for certification and falsifying insurance policies.

Smart contracts avoid spreading fake insurance policies because it is the same system that issues them upon receipt of payment. 

Insurance policy.

Thanks to the platform developed by Knox insurance, the policy will evolve into a fully automated and eliminate the possibility of conflict of interest between the parties involved.

Smart Contract.

Avoid spreading fake insurance policies because it is the same system that removes them after receiving payment.

With smart contracts, the company is not delayed in collecting credits because the policy is only issued after the payment is received. This factor is intended to significantly improve the management of the company itself.

These five good reasons will make you think why you should consider investing in the InsCoin project :

1. Customized.

Blockchain fits perfectly with the world of insurance.

Blockchain in public implementation solves a fundamental problem in creating fewer trusts and networks without permission, in which the participants of the transaction can be considered legitimate, and therefore the potential of related certification, with the permission mechanism generated by the incentive system and the negative incentives between the parties involved.

Certification of non-certified documents is one of the most important applications of Blockchain Technology, since documents certified in Blockchain are NEVER falsified.

2. A smarter way to change the insurance sector.

Many crypto-projects have tried to disrupt the insurance industry, from a decentralized perspective that will not be able to operate in the real world without relying on real companies.

In inscoin for knox we want to do something different, we are big fans of decentralized platforms, in fact we will depend on the Ethereum network for the deployment of our smart contract but behind our symbolic insocsa will be formed from 1 to 3 companies based on the number of ETH collected, remember that companies in the real world need a security fund of several million dollars to be legally regulated, with offices in the Bermuda Islands, Dubai and Portugal.

3. Missing ownership plan, killer token InsCoin.

Token Sale informations

Toen info

Ticker:INSC
Platform:Ethereum
Token Type:ERC20
Total supply:500,000,000 INSC
Pre-sale Price :1 INSC = 0.0002 ETH
ICO Price:1 INSC = 0.0002 ETH
Accepting:ETH
Soft cap:4000 ETH
Hard cap:39444 ETH
Bonuses:Up to 30%

Token not allotted are destroyed following the climax of the ICO period

Bonuses: As high as 30% depending on purchase

FUND ALLOCATION

The Team

PARTNERS

Roadmap

For information : 

• WEBSEITE: https://inscoin.co/#home
• WHITEPAPER: https://inscoin.co/documents/Whitepaper-DE.pdf
• FACEBOOK: https://www.facebook.com/Inscoin-for-Knox-1802470656458272
• TWITTER: https://twitter.com/INSCOINforknox
• LINKEDIN: https://www.linkedin.com/company/inscoin-holding-ou/
• REDDIT: https://www.reddit.com/r/InsCoin/
• TELEGRAMM: https://t.me/inscoinico
• ANN THREAD: https://bitcointalk.org/index.php?topic=4422850

Profil: https://bitcointalk.org/index.php?action=profile;u=2005736;sa=summary

ETH : 0x37B6953a3D9c40D5e40Dfc7DA2B8A58223b2a583