CryptoKraze here
In this post I am going to brief you about the upcoming ICO (InsurePal). This will include what this ICO is about, what it will bring to crypto world and why I have interest in it.
ICO SUMMARY
| SYMBOL | IPL |
|---|---|
| Token price | 1 IPL = $ 0.10 |
| Role of Token | Utility |
| Start date | 16th January,2018 |
| End Date | 5th February, 2018 |
| Token type | ERC20 |
| Token supply | 300,000,000 USD |
| Blockchain | Ethereum |
| Duration | 21 Days |
| Whitelist | Yes (Until 8 Jan) |
ABOUT PROJECT
- First Blockchain Decentralized Insurance
- Peer-to-peer upcoming insurance coverage based upon a social proof authorization totally utilizing the power of Blockchain innovation.
- Replacing traditional model of insurance system with the aid of Blockchain technology
- Enhancing the trust between friends, family and business partners with the concept of social proof
- New concept of insurance with securing Blockchain business transaction
- Motivate and grow behavioral pattern to benefit society as a whole
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WHAT WILL IT BRING TO CRYPTO WORLD
- InsurePal blockchain technology would allow people from different part of the world to transact without having issues of trust.
- Insuring blockchain enterprise transaction volume with InsurePal token offers a significantly huge potential future market
- The insurance industry is a $7.3 trillion business enterprise all over the globe and InsurePal bringing blockchain to this industry will boost it.
- The insurance cover of blockchain business dealings with social proof is going to be done in IPL tokens exclusively.
WHAT ARE THEIR FUTURE PROJECT
- InsurePal with the aid of blockchain technology target to explore the insurance industry by eliminating the need for intermediaries
- InsurePal plans to deliver the most economical as well as reasonably priced insurance policies
- Any fee for using InsurePal social insurance platform will have to be place in IPL token, this will yield more and more demand for InsurePal token
WHY IT IS WORTHY TO INVEST
- InsurePal strategy advances the segmentation and risk selection process; a decades-lasting problem for insurance agencies
- InsurePal will reduce the premium cost by 50% using blockchain technology
- In case of breach in contract with the help of blockchain module insurePal will compensate the insured client.
- With more than 15years of experience in insurance coverage insurePal is out to promote a transparent and fair pricing model
- A calibrated mathematical modeling show that the cost reduction went from 30% - 70%
HOW TO PARTICIPATE in ICO
- The issuance of the InsurePal IPL tokens is going to be governed by a smart contract integrated on Ethereum network
- It is scheduled to last 21 days
TOKEN SALE OFFERED BY INSUREPAL
| Parameter | ICO |
|---|---|
| TokenType | ERC20 standard |
| Total supply | 300,000,000 USD |
| Soft cap | 5,000,000 USD |
| Hard cap | 18,000,000 USD |
| Available Token | 201,000,000 (67%) IPL |
| Base Ethereum Only |
I have read the InsurePal ICO white paper and assembled this information. For further details you can visit the official website of InsurePal.
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Disclaimer
This ICO information is just for the interest of Crypto Lovers and should not be considered as investment advice. If you want to take this opportunity, then invest only what you can afford.
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