The insurance industry is constantly improving thanks to innovative technologies that allow it to meet all modern requirements. Some people prefer to ignore insurance, because its process is not always clear and the result is not always effective. Vernam project aims to modernize the insurance industry so that everyone will be able to safely use its services without concerns. Blockchain technologies make the insurance process transparent, as well as convenient and profitable for all participants - starting from individuals and finishing with insurance companies. Decentralized blockchain-based Vernam platform creates a new, unique market where service providers and customers are able to interact directly in online space. Customers are guaranteed to receive all the necessary information, while the cost of services will be optimal, and the level of service will remain at a proper level.
Vernam project provides the following advantages:
- Online market where large, reliable companies will be able to sell their insurance products;
- Users will be able to return up to 30% in the form of company own tokens - VRN;
- CryptoSale smart contract guarantees that when a situation that is the subject of insurance happens, a customer will receive a certain amount of money in VRN tokens on his/her account.
The insurance market has quite a lot of money, which consists of the cost of sold policies. So, in 2016, in the US, this amount was a little below $1.5 trillion, in Japan and China - about $500 billion.
Vernam uses blockchain technologies, because they allow transferring funds as quickly and safely as possible, and smart contracts help to set up convenient relationships and conclude agreements. Vernam will keep an insurance history of each client that will help insurance companies to optimize risks and constantly assess the situation. In the event of an insured situation, an expert examination will be carried out, if necessary. Vernam guarantees the fastest and most satisfying solution as it has a connection with an insurer in real time.
Vernam effectively solves the problem of customer distrust of insurance companies and their lack of awareness - now all processes will become as transparent and reliable as possible. Customers will be able to buy insurance products through Vernam, while receiving bonuses in cryptocurrency. Smart contracts ensure the reliability of all processes online without the need for paper documents and other bureaucratic costs.
In total, Vernam issues 1 billion of its VRN tokens, based on ERC20 standard. The price of each token varies from 0.051 to 0.085 dollars. After the end of the sale, all tokens that have not been sold will be destroyed. The issued tokens are distributed as follows:
- 50% - for sale;
- 20% - for CryproSafe insurance fund;
- 15% - for the team;
- 7% - for the advisers and company representatives;
- 5% - for the pool of liquidity.
Revenues from sales will be allocated as follows:
- 30% - for marketing needs;
- 25% - for comprehensive development of the platform;
- 25% - for legal and administrative needs;
- 20% - for increasing the platform audience.
Vernam is a new step towards reliable insurance, available to every person and assuming complete transparency of processes and guaranteed efficiency.
Website: https://www.vernam.com/
White Paper: https://www.vernam.com/assets/uploads/Whitepaper_Beta_v015.pdf
Telegram: https://t.me/vernam
Facebook: https://www.facebook.com/vernamofficial/
Twitter: https://twitter.com/vernamofficial
Medium: https://medium.com/@vernam.official/
ANN: https://bitcointalk.org/index.php?topic=3092577
Author: https://bitcointalk.org/index.php?action=profile;u=980049