What is the idea of a project?
- The INSCOIN project intends to use, among the many available, the Ethereum blockchain, which currently presents the largest number of real used cases and economy of services and transactions currently in operation. Ethereum makes available, using its infrastructure and ERC20 technology, the creation of digital private coins of controlled issuance (token) with which it is possible to support an entrepreneurial project.
- 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.
As the smart contract introduced to the system false insurance will be avoided Because there can't be a different system for clients after the payments. on the other hand, Company won't have any delay in collecting credits, Because policies will be issued only after the client's payment.The most important factor of this new system. It cuts opportunistic behavior of humans.
The blockchain system never considers human opinion. Blockchain system will take the decisions according to the policy. nothing else. This method will surely enhance the company's transparency to the clients.
In the meantime, when three insurance agencies begin, once a legitimate permit is gotten, with the assistance of assets raised, an inside trade stage will be made. This stage will have a principal part, in which customers can get to the buy of insurance items to be utilized by our structure.
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. 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.
Features and benefites:
Inscoin token sale has two parts, Pre-ICO and ICO. Total Supply is 500 000 000 INSC. Maximum PRE-ICO Cap is 7500 ETH and 1000ETH has already collected at phase-1 within 3 days. Maximum ICO Cap is 31944 ETH.
Soft cap is defined as 4000 ETH and Hard cap is 39444 ETH.
1ETH = 5000 INSC
Bonus available for each phase are given in follows.
Follow on Social:
Web site [https://www.inscoin.co/]
Technical Review [https://inscoin.co/assets/content/whitepaper_en.pdf]