Good Night guys!! This time I will write a short article about InsCoin For Knox Project. This project is unique which focuses on the insurance market, By using Blockchain technology makes it more efficient and also transparent. Interested? Read my article below guys!
What is InsCoin For Knox?
InsCoin is a company insurance created to receive payments with cryptocurrency for insurance and also part of Knox Project. By using blockchain technology, they wants to eliminate fraud and threats on insurance market. Decentralized blockchain properties will ensure that all records are stored in a secure network, By using Ethereum's smart contract make the result in unprecedented transparency that will benefit both parties.
With this, KNOX tries to achieve their goal by exploiting the potential of decentralized blockchain technology to make all insurance systems decentralized, This means the transformation of traditional insurance policies system from paper to smart contracts. By using smart contract technology, fake insurance policies can be eliminated because the system will issue them after they receive payment.
The initial step that will be taken by the company after the legal license has been obtained, with the help of funds that have been collected, the platform will create an internal exchange. This will have a fundamental role, through the platform customers can access the market and purchase of insurance products they offered.
For more details, you can read their whitepaper here: https://inscoin.co/documents/Whitepaper-EN.pdf
What is INSC?
INSC is a utility token issued by the team and is based on ethereum blockchain (ERC-20), This token will be used on the ecosystem as an internal currency. This token is a fundamental part of the platform. With this token user can pay insurance premiums or access policies, receive them in forms smart contract. By using blockchain technology makes it more transparent, secured and also faster. After the ICO ends the unsold tokens will be burned, reserved token (15%) will be prepared for this WholeSaler Broker to form the basis of the "Deflation Plan" and stored in a smart contract for 1 year. You can see below for the scheme.
Token Sale Details
Token Name: INSC
Platform: Ehereum
Price: 1 INSC = 0.0002 ETH
Accepting: ETH
Minimum: 0.1 ETH
Soft Cap: 4,000 ETH
Hard Cap: 39,444 ETH
Country: Estonia
Max Supply: 500,000,000 INSC
Team
Conclusion
The insurance market is very large and also potentially, unfortunately too much fraud in some cases. This project tries to provide solutions using blockchain technology which makes it more transparent and also safe. With the traditional system transition from paper to smart contract, of course this is a new thing in the insurance world. I think this project is very potential. Guys, you should be part of this project!!
It seems enough for now, Sorry if there is a mistake in writing. Do not forget to follow & upvote, I will give some links related to this project below. Thank you very much!
Website: https://inscoin.co
Facebook: https://www.facebook.com/Inscoin-for-Knox-1802470656458272/
Twitter: https://twitter.com/InsCoinforKnox
Telegram: https://t.me/inscoinico
Reddit: https://www.reddit.com/r/InsCoin/
LinkedIn: https://www.linkedin.com/company/inscoin-holding-ou/
Whitepaper: https://inscoin.co/documents/Whitepaper-EN.pdf
Authored By Pedobear a.k.a Dhemas putra/dhemasm(bitcointalk)
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1049524
Projectnya terlihat cukup menarik gan,,, Memang asuransi ini seperti jebakan kalau kita tidak hati-hati. Semoga proyek ini memberikan solusi terbaiknya!!!!! Articlenya bagus sudah saya upvote!
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STOPInsurance huh? Indeed, this market is very large but also dangerous for people who do not know because it is very to much fraud, if implemented correctly this might be successful by using blockchain. I'll try checking now.
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