InsureX is a blockchain based marketplace platform where insurance products can be easily and securely traded. The target audience is insurers, reinsurers, brokers and companies.
InsureX has the potential to disrupt the traditional insurance market. InsureX platform will not only eliminate third parties, data exchange issues, and privacy concerns; it will also insurance trading process highly efficient and secure.
InsureX features include buying and selling insurance, portfolio management, transaction execution and market insights.
The platform leverages the Ethereum blockchain and smart contracts technology, OrientDB database, Node.js and Reach UI.
IXT TOKEN & CROWDSALE
InsureX Tokens (IXT) will be used to cover transaction fees and payments for data, annual subscriptions and API licenses within InsureX platform.
The crowdsale will start on 07/11/2017 and will end 07/31/2017 or when the maximum number of tokens are sold.
In addition to 30,000,000 reserve tokens, a maximum of 100,000,000 IXT will be generated and sold in the crowdsale based on the following bonus model:
After the crowdsale, all unsold tokens will be burned.
PROFITABILITY ANALYSIS
Assumptions:
Market Cap after ICO = $40,000,000
Purchased IXT Price = 1,323 IXT per 1 ETH (with bonus)
ETH/USD is fixed (1 ETH = $400)
Cost per 1 IXT = $0.30
The profitability depends on the total investment received during the crowdsale. As long as market cap after ICO is 40 million USD, any investment on this crowdsale will be profitable with the assumptions we mentioned.
The profitability will increase if the tokens are purchased at a cheaper rate.
TEAM
The Leadership Team
• Ingemar Svensson, Founder & CEO/CTO
• Cristina Dolan, Co-founder & COO
• Mikael Olofsson, Co-founder & Entrepreneur in Residence
• Valdi Kamenarov, Architect
• Nicolas Cherence, Lead Ethereum Developer
• Charlotte Holmen, Lead UX Developer
Advisory Board
• Ross Campbell, Chief Underwriter General Re, London
• Nick Pester, Partner, Head Of Insurance & InsurTech at Capital Law LLP, London
• Timo Schlaefer, Co-founder / CEO Crypto Facilities Ltd, London, UK
• Ransu Salovaara, Senior Adviser & CEO TokenMarket