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Last update June 25, 20:12 UTC
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.The insurance policies issued by Knox Insurance will be both in traditional paper form and in the form of smart contracts, allowing the customer to monitor their policies in real time, in full transparency and safety. Thanks to the platform developed by knox insurance, the policies will evolve to become fully automated and eliminate any possibility of conflict of interest between the parties involved.
Insurance companies will be establishedin Lisbon, Dubai and the Bermuda Islands, to allow Knox insurance to operate indifferent legislations and allow a token economy on a global scale.
We will innovate in the process of issuing policies, as well as in the process of settling claims.
We assure our customers of the authenticity of the policy using Blockchain technology. In the same way, we reduce the circulation of "fake policies" to zero.
Automated business processes with a positiveimpact on Solvency II.
The Smart Contract prevents the diffusion of fraudulent insurance policies because it is the same system that will issue them after receiving payment.
The customer has total control of the insurance policy written on the Blockchain, controllable by anyone and at any time.
The customer, through the WEB and Mobile platform, can access all the company's services and verify its policies.
With Smart Contract, there will be no delay in premium collection, which will significantly improve the company's cash flow.
Thanks to Blockchain technology, a fraudulent policy can never be attributed to companies.
Blockchain technology improves operational processes and ensures a totally unassailable security system.
Increase credibility with policy holders and beneficiaries.
Instant check of your administration report.
Instant commission assignment.
InsCoin for Knox is a project that aims to revolutionize the insurance business by exploiting the potential of Blockchain.For this purpose we have developed aDemo, which shows the main functionality - the issuance of a policy in blockchain - of our future insurance platform.All this to demonstrate the realizability of the project. Of course, this is a demo and does not have all the features that our platform will have.With this Demo the user can compile the form of a Bid Bond and see how this information will be registered FOREVER on the Blockchain, in the form of a "Smart Policy". We recommend that you compile the format with exemplary data, as this is a simple demonstration.DOES NOT HAVE ANY LEGAL VALUE.
InsCoin's deflationary plan aims to encourage a constant increase in the value of the token. As the companies' turnover increases, the demand for tokens on the market increases proportionally and, consequently, the value of INSC. The deflation plan provides for a controlled reduction of the current supply (Number of tokens on the market) which will be applied by blocking, through a smart contract, the percentage of the insurance premium paid in tokens.
Insurance companies will increase their turnover year by year thanks to the progressive expansion in the various markets.
As the INSC will be used to purchase insurance policies, as the companies' turnover increases, so will the demand for the INSC.
Because we will block all the tokens we receive from the sale of insurance policies for one year, the current supply will decrease significantly in time.
Reducing the current supply will reduce the supply on the market and consequently, with increasing demand, the price will inevitably increase.
Considering the forecast turnover of the Business plan and blocking the market cap to 15 million, we can estimate the effects that the deflationary plan will have in the first year of work of the insurance companies.
The current supply will decrease up to a maximum of 47%.
The price could increase up to a maximum of 84% just as a result of our token economy.
This data has been calculated assuming that it is only we who will buy InsCoins on the market.More than prudent calculation.
23/06 - 30/06 2018
1 INSC = 0.0002 ETH
Cap 1000 ETH
Bonus 30%
TBA
1 INSC = 0.07 USD
Cap 2'000'000 USD
Bonus 27.5%*
*for >5k USD investments
TBA
1 INSC = 0.07 USD
Cap 2'850'000 USD
Bonus 25%*
*for >5k USD investments
TBA
1 INSC = 0.07 USD
Cap 10'000'000 USD
Bonus 20%*
*for >5k USD investments
Establishment of the insurance company in Bermuda.
Development of the customer platform.
Listing of the token on various exchanges.
Establishment of the Insurance Company in Portugal.
Development of the mobile platform.
Licence application for electronic money.
Establishment of the Insurance Company in the United Arab Emirates (Dubai).
Extension of the commercial network.
Listing of the token on other exchanges.
We already have the internal platform for company management (certified and capitalized).
We already have the certified Business Plan, ready to be capitalized.
We already have a network of brokers ready to work with us (+300).
Study project realization
Team Building Establishment of the first collaborative network
Forecast Business plan
Legal consulting
Invested €150.000
IT insurance licensed platform
Invested €300.000 for certified insurance platform
Insurance partnerships
Partnership with more than 300 insurance brokers ready to work with the companies
Token Sale
Start of the Token Sale
Trade inscoin on the main exchanges
InsCoin will be listed on main exchanges to guarantee easy implementation to future customers of the companies and proper volumes compared to our income.
Compliance to obtain insurance license
We will obtain authorizations from official authorities of the three nations to provide legal insurance service.
Introduction of internal platform
With it the customer will be able to access its policy via smart contract.
Smart contract in the insurance business
The smart contract will be more and more protagonist of the insurance industry
Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
Insurance Network Specialist
CHRO & CBDO
Marketing & Communication
Founder
Chief Marketing Officer
Developer
Developer
Web Developer
Human Resources
Support & Communication
Support & Communication
Support & Communication
Support & Communication
