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INSCOIN - Decentralized using blockchain technology for the first project in insurance


Introduction

InsCoin - a new word in the field of insurance. Insurance companies. This is the pain of almost every person who has ever issued insurance. Huge contracts with small print, high cost of insurance due to a large number of intermediaries, well, and of course, when an insured event occurs, it is sometimes necessary to prove to the insurers that in general they owe you money ...
Today we will get acquainted with the world's first insurance based company.

So, InsCoin is the first project in the field of insurance, which will take cash as a cash. Developers of InsCoin want to create an honest, flexible, decentralized infrastructure that will be protected from fraud, forgery and other disorder in the field of insurance.
The user of the platform will be able to receive both the usual paper certificate of insurance for us, and make out this whole thing in the form of a smart contract. In the second variant, the insured can keep his insurance policy in full online, and in full transparency and reliability, but with the utmost respect for the inviolability of his private life.
All this in the end should lead to a 100% automated insurance policy, which excludes the possibility of collisions of the interests of the parties.
The application of smart contracts in this area will undoubtedly lead to a clear fulfillment of obligations on both sides, and decentralization of the platform will lead to a significant reduction in the cost of insurance policies due to the fact that insurance companies will no longer need a huge number of employees and intermediaries. Blocking will also speed up the process of registration of insurance, and issuance of money on insurance cases, which will favorably affect the cash flow of the platform itself.

Of course, you can use the services of the platform on the basis of the INSC token, issued by the project.
Work on this project was started in March 2017 (if you believe the road map) and to date more than 300 insurance brokers of the world have already agreed to cooperate. In 2018, the company plans to enter into agreements with the largest crypto-exchanges to facilitate its users cashing INSC if necessary.

Information on the token

  • Name: INSC 
  • Type: ERC20 
  • Delivery: 500'000'000 INSC 
  • Price: 1 ETH = 5'000 INSC

The policy of selling tokens implies 4 stages:

  • Pre-sale of the 1st phase (June 23 - 30) Cap: 1 ' 000 ETH, Bonus 30% 
  • Pre-sale 2nd phase (July 01 - 07) Cap: 1'500 ETH, Bonus 27,5% 
  • Pre-sale 3rd phase (July 08 - 15) Cap: 5000 ETH, Bonus 25% 
  • Sale of tokens (July 23 - August 30) Cap: 31'944 ETH, Bonus from 20% to 0%
Summing up, I note that personally I consider the project to be quite serious and quite promising. I suggest that you, dear readers, pay attention to it and study it deeper, so as not to miss opportunities that you will regret in the future.

For those interested in the project, I provide official information links:

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