InsCoin ICO and Token Sale Review
The KNOX project provides an establishment of the first insurance company that will merge 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 INSCOIN project intends to use the Ethereum blockchain. Ethereum’s infrastructure and ERC20 technology are used for the creation of digital private coins of controlled issuance (inscoin token) with which it is possible to support this entrepreneurial project.
The goal of Knox is to make the whole insurance system decentralized by exploiting the blockchain technology.
About the Project
The INSCOIN platform plays the fundamental role in the project and here customer can access the purchase of insurance products offered by the existing structure. The main functions of this platform will be the creation of customized profiles for Brokers, with their personal inscoin wallet. 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. The sale of inscoin 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.
- Start Date2018-07-23
- End Date2018-08-30
- Payment MethodETH
- Total Supply270000000
- SectorBusiness ServicesInvestmentPlatform
Rates & Bonuses
- 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.