INSCOIN

“The First Blockchain based insurance Company”

WHAT IS INSCOIN FOR KNOX?

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.

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 conflict of interest between the parties involved.

nsurance companies will be established in Lisbon, Dubai and the Bermuda Islands, to allow Knox insurance to operate in different legislations and allow a token economy on a global scale.

WHY CAN THE BLOCKCHAIN CHANGE THE INSURANCE INDUSTRY?

For Customers:

The smart contract prevent the diffusion of fraudulent insurent policies because it is the same system that will issue them after receiving payment

The customers has total control of the insurance policy written on the Blockchain, chekable by anyone at any time

The customers, through the WEB and Mobile platform, can access all the company’s services and verivy his policies

For Insurance Company:

With the smart contract, there will be no delays in collecting premiums, that will significantly improve the company’s cash flow

Thanks to the Blockchain, a fraudulent policy can never be charged to the Company

Blockchain improve operasional processes and insures totally unassailable security system

For Brokers:

Earnings credibillity in front of policy holders and beneficiaries

Instant check of his admin report

Immediate allocation of commisions

HOW IT WORKS ON BLOCKCHAIN?

The certification of the authenticity of the policies will be carried out partly on the internal platform of Knox Insurance and partly on the Blockchain of Ethereum. At the end of the certification process, will be issued a smart contract that combines the authenticity and coverage of the policy while respecting the privacy rights of the contracting parties.

KNOX Insurance issues paper-based policy. Inside the policy the customers will find the serial number of the policy and a unique bar-code.

The benefeciary has to activate the policy on the dedicated section in INSCOIN platform entering the serial number and the code underneath the barcode

Once the required data are provided, the system will release a certified PDF file where the terms of the policy are stated. It will certify the coverage and authenticity TOO

DEFLATION PLAN AND TOKEN ECONOMY

15% of the supply (Broker WhoSaler reservers) will, at the end of the ICO, be temporarily blocked by a smart contract for 1 year. Starting from this basis we have foreseen a further controlled reduction of the working capital based on the sale of insurance policies.The collection of premiums in inscoin is articulated like this:

For premiums < $ 1’000’000 1% must be paid in INSC.

For premiums < $ 100’000 3% must be paid in INSC.

For premiums < $ 50’000 5% be paid in INSC.

For premiums < $ 10’000 10% must be paid in INSC.

For premiums < $ 500 20% must be paid in INSC.

The inscoin collected per single policy, as soon as received by the company, will be blocked by a smart contract for a period of one year. After this, they will subsequently be released at a quarterly rate of 25% of the total received and used to support the increase in turnover of the three companies and ensure a healthy token economy.

Token Sale

Details

Ticker: INSC

Type: ERC20

Supply: 500’000’000 INSC

Price: 1 ETH=5’000 INSC

Pre-Sale 1st Phase

June 23 – 30

Cap: 1’000 ETH

Bonus 30%

Pre-Sale 2nd Phase

TBA

‍‍Cap: 1’500 ETH

Bonus 27.5%

Pre-Sale 3rd Phase

TBA

Cap: 5000 ETH

Bonus 25%

Token Sale

TBA

Cap: 31’944 ETH

Bonus from 20% to 0%

Bonus ICO InsCoin

Additional Bonus based on investment

During the Token Sale (Pre-ICO and ICO) there will be Bonus based on investment amount.

For 10 – 29 ETH will be a +5% Bonus of INSC In addition to the periodical bonus.

For 30 – 49 ETH will be a +10% Bonus of INSC In addition to the periodical bonus.

For > 50 ETH will be a +15% Bonus of INSC In addition to the periodical bonus.

Broker

If you are a Broker contact us (info@inscoin.co), we can provide you special bonuses.

TOKENS ALLOCATION

54% Token Sale

15% Broker Wholesale

10% Team & Advisors

10% Broker Network Patnership

9% Reserve for the 3 company

2% Airdrop & Bounty Program

USE OF FUNDS

60% Insurance companies set-up

20% Platform Development

10% Marketing

10% Reserve funds

ROADMAP

We have already made significant investments and closed important collaborations with market players in the Pre-ICO phase. Our in-depth knowledge of the insurance world has enabled us to draw up this roadmap as accurately as possible.

1.March 2017

Study project realization

Team Building Establishment of the first collaborative network

2.May 2017

Forecast Business plan

Legal consulting

Invested €150.000

3.July 2017

IT insurance licensed platform

Invested €300.000 for certified insurance platform

4.October 2017

Insurance partnerships

Partnership with more than 300 insurance brokers ready to work with the companies

5.June – August 2018

Token Sale

Start of the Token Sale

6.September 2018

Trade inscoin on the main exchanges

InsCoin will be listed on main exchanges to guarantee easy implementation to future customers of the companies and proper volumes compared to our income.

7.Q3 2018

Compliance to obtain insurance license

We will obtain authorizations from official authorities of the three nations to provide legal insurance service.

8.Q4 2018

Introduction of internal platform

With it the customer will be able to access its policy via smart contract.

9.Q4 2018

Smart contract in the insurance business

The smart contract will be more and more protagonist of the insurance industry

Executive Team

Agostino R. Luongo; Chief Executive Officer

Anna M. Calcagni; Chief Financial Officer

Simone Trifiletti; Chief Operating Officer

Gennaro Scalise; Insurance Network Specialist

Giuseppe Stabile; CHRO & CBDO

Alessandro Preti; Marketing & Communication

Giuseppe Luongo; Founder

Andrea Mancini; Chief Marketing Officer

Team

Silvio Papa; Developer

Francesco Saraco; Developer

Simone Stella; Developer

Mario Moschetta; Human Resources

Francesco Di Luzio; Support & Communication

Riccardo Milani; Support & Communication

Enzo Monesi; Support & Communication

Stefano Marozzi; Support & Communication

Advisors

Francesco Piras

Mauro Pili

Klemen Stibilj

Lucrezia Cosentino

Partners

More information please click link below:

Website: https://inscoin.co/

Whitepaper: https://inscoin.co/#whitepaper

ANN Thread: https://bitcointalk.org/index.php?topic=4422850

Telegram: https://t.me/inscoinico

Steemit: https://steemit.com/@inscoin

Facebook: https://www.facebook.com/Inscoin-for-Knox-1802470656458272

Twitter: https://twitter.com/INSCOINforknox

Linkedin: https://www.linkedin.com/company/inscoin-holding-ou/

Author: ket tumbar

Bitcointalk Profil: https://bitcointalk.org/index.php?action=profile;u=2202323

ETH Address: 0x5A165374202E9648061144684846Afb8469645bf