Sulaswolupapat: KNOX

KNOX

Introduction of blockchain technology over the years has been a welcome development. There have been a lot of problem facing most sectors before the introduction of blockchain technology. Centralization has caused problems which part of those problems is what we have seen in most of our financial institution which ranges from several banks to insurance companies. Before the introduction of blockchain technology transaction and certification of documents were made in insurance company manually, it doesn’t involve the use of digital currency which this has caused series of issues such as poor policy, forgery, insecurity which shouldn’t have happened in an insurance company and likewise misunderstanding between customers, brokers and the company. These and many more is what KNOX Platform through the use of smart contract on Ethereum blockchain will rectify.

KNOX PLATFORM

This is a great company that introduced the addition of blockchain technology to the existing method which it’s using before with the use of crypto-currency to find possible solution to the issues of forgery, certification and the others issues arises in the platform. The policy adopted by Knox Company will be in favor of old method and the application of new one to solve the problem facing an insurance company. KNOX insurance company will be located in the following places Lisbon, Dubai and Bermuda Islands to allow it’s free operation without any restriction

Blockchain technology is very vital to insurance company in the following ways. It saves customer from illegal activities because of its decentralization. Also it increases the cash flow of the company by eradicating delay in an amount to be paid for a contract made by customer. Also it helps the brokers by earning instant commission without any delay.

INSCOIN=> This is the crypto-currency that will be use for any activities or transaction on https://www.inscoin.co/ Insurance Company.

TOKEN

Token Symbol=>INSC

Token Type=> ERC20 (Ethereum Network)

Token Total Supply=>There is a total supply of 500,000,000INSC

TOKEN SALE=> There is total amount

270,000,000INSC allocated for token sale

Exchange Rate=>The token will be exchange at the rate of 1ETH=5000INSC.

Soft Cap= There is a project soft cap of 4,000 ETH which is a very good one for the project.

Hard cap=> Hard-cap of 39,444 ETH while the unsold token will be destroy after the token sale period.

PRE-ICO=>Pre-Ico for early investors starts by 23rd of June 2018 and will end on 7th of July 2018.

ICO=> Ico starts on July 23, 2018 and end on August 23, 2018 which is exactly a period on 1month.