InsurePal ICO Review | Distributed Social Proof Insurance with power of BlockChain Technology

cryptokraze (72) in bitcoin • 7 years ago (edited)

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%

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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

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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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