InsCoin Token - The Revolution of Insurance Company [INSC] - Norainly

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.

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 sale of tokens allows companies to gather economic resources necessary for the development of a project in which the token itself will play a key role. The token in this sense enables new technological possibilities that offer innovative services

USE OF THE TOKEN AND THE DEFLATION PLAN

The INSCOIN token is a fundamental part of our project. Through it the customer can pay insurance premiums and can access the maximum degree of authenticity of the policy, receiving it in the form of smart contract.

Why can the Blockchain change the Insurance Industry?

For Costumers

1. The smart contract prevent the diffusion of fraudulen insurance policies because it is the same system that will issue then after recieving payment.

2. The customur has total control of the insurance policy written on blockchain, checkable by anyone at any timr.

3. The costumer, throught the WEB and mobile platform, can access a;; the companys's services and verify.

For Insurance

1. With smart contract, there will be no delays in collecting premiums, this will significantly improve the company's cash flow.

2. Thanks to the Blockchain, a faudulent policy can never be charged to the company.

3. Blockchain improves operational processes and ensures a totally unassaulable security system.

For Brokers

1. Earning credibility in fron of policy holders and beneficiaries.

2. Instant check of hisadmin report.

Immediate allocation of commissions.

Inscoin's supply will be 500.000.000 and will be distributed like this

54% Token Sale *

15% Blocked reserve (Broker WholeSaler)

10% Team and Advisors

9% Reserves distributed to the 3 insurance Companies (blocked for 3 months and 10% monthly release)

10% Broker Network partnership, Legal and Insurance advisor

2% Airdrop and Bounty program

All unsold tokens will be burned

Once the ICO is ﬁnished, the reserve of 15% of the WholeSaler Broker will form the basis of the “Deﬂation plan”.

All unsold tokens will be burned

Once the ICO is ﬁnished, the reserve of 15% of the WholeSaler Broker will form the basis of the “Deﬂation plan”.

POLICY AS A SMART CONTRACT

Through the payment of the inscoin policy, as shown above, the customer will receive not only the authenticated and standardized policy, but will also receive the code of the policy that will coincide with the address of the smart contract related to the policy. Mainly the latter serves to give an irrefutable proof of the origin of the policy.

TOKEN SALE

The Token sale is divided into two parts:

PRE-ICO e ICO.

Total supply is 500.000.000 INSC

Maximum PRE-ICO Cap is 7.500 ETH

Maximum ICO Cap is 31.944 ETH

Soft cap: 4000 ETH

Hard cap: 39.444