INSCOIN - KNOX BLOCKCHAIN

What is InsCoin for Knox?

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 plus advanced structure in the sector, to find a solution to the problem of certification plus anti-forgery of insurance policies.

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The insurance policies issued by Knox Insurance will be both in traditional paper form plus in the form of smart contracts, allowing the costumer to monitor their policies in real time, in full transparency plus safety. Thanks to the platform developed by knox insurance, the policies will evolve to become fully automated plus eliminate any possibility of conflict of interest between the parties involved.

Insurance companies will be established in Lisbon, Dubai plus the Bermuda Islands, to allow Knox insurance to operate in different legislations plus allow a token economy on a international scale.

The goal of KNOX is achieved, by exploiting blockchain, a decentralized insurance process.
Decentralization means the transformation of traditional insurance policies from paper into smart contracts.

With a smart contract the spread of fake insurance policies is avoided becausetheir case-like system after receiving payment.
With a smart contract the company will not have any delayscollect credit, like the policy only after receiving payment. This factor aims to significantly improve company management itself.

The smart contract in the moment comes from the judge's accidentactually who will take decisions or not pay them no longer company, which can have opportunistic behavior, but a block-chain system will make a decision unless this accident is in accordance with the provisions in Policy. this usefulness will be the most absolute because it will increase company transparency towards customers.

USE OF TOKEN AND DEFLATION PLAN

INSCOIN tokens are fundamental members of our project. Through customers can pay insurance premiums and can access levels maximum policy authenticity, accept it in the form of a smart contract.

Inscoin supplies will be 500,000,000 and are distributed as below:

54% Token Sale *

15% Reserves blocked (Broker WholeSaler)

10% Team and Advisor

9% Reserves are distributed to 3 Insurance Companies (doiblok for 3 months

and 10% monthly release)

10% Broker Network Partnership, Law and Insurance Advisor

2% Airdrop and gift program

Why can the Blockchain change the Insurance Industry?

HOW IT WORKS ON BLOCKCHAIN?

The certification of the authenticity of the policies will be carried out partly on the internal platform of Knox Insurance and partly on the Blockchain of Ethereum. At the end of the certification process, will be issued a smart contract that combines the authenticity and coverage of the policy while respecting the privacy rights of the contracting parties.

INSCOIN PLATFORM

At the same time as the beginning came from three companies

insurance, after a legal license has been obtained, with assistance

funds are reached, an internal exchange platform will be created. Platform

this will have a foundation, through the customer it can

access the purchase of insurance products offered by

our structure.

The main functions derived from this platform are:

Creation of customized profiles for Brokers, together with their inscoin wallets.

Possible for Brokers to create for all their clients the underlying profile, combined with its identification code and regarding inscoin wallets.

Possibility for each private customer to create their own profile, withinscoin wallet brother. Immediate loading of all policy features for evaluation and bidding.

The possibility of paying policies as described in the previous paragraph. Acceptance, in the matter of purchasing policies, the address comes from a smart-contract together with you can verify authenticity.

Token Sale

USE OF FUNDS

Funds received in the PRE-ICO and in the ICO will be allocated as

the following:

Product development (20%): development INSCOIN Platform matches the road map product

and hire a new blockchain developer

Set-up insurance company (60%): business development
and partnership tricks

Communication and marketing (10%): investment in
population relations and marketing campaigns for
increase project awareness and adoption of tokens.