What is InsurePal?

InsurePal (IPL)

Website

Whitepaper

 

In today’s world, insurance companies are accommodating irresponsible clients that prove to be costly for the companies. In a twist of events, the InsurePal is a next-generation P2P insurance platform based on blockchain innovation and social proof endorsements. The platform connects diligent individuals and helps them with their mutual insurance. The company thinks of the blockchain as an ideal architecture for the innovation and complete switch of the insurance industry. The aims of the InsurePal is to simplify the business process for many people and build a highly customer-centric product designed for benefiting diligent individuals.

Key feature of InsurePal

  • Social proof patent: InsurePal has successfully reinvented social proof methodology for the insurance industry. The approach is filed for patent protection worldwide.
  • Scalability: InsurePal is an early adopter of InsurePal. This gives it an added advantage over other platforms.
  • Self-regulation: The InsurePal business model allows users to regulate their accounts without the need for a central institution. Risk-prone individuals are automatically excluded.
  • Social impact: InsurePal is creating a complete switch in paradigm and a growing community that shares a common value.

Use cases                                                                                 

B2C: InsurePal provides a customer-centric experience that allows users to navigate through and obtain the most favorable premium via dApp.

B2B: for B2B, InsurePal acts as a global platform that provides various social proof insurance modules. Third-parties are able to use the platform for a predetermined fee.

InsurePal token (IPL)

IPL token is the token that powers the InsurePal platform. It can be used by clients and third-parties worldwide. The platform will use various means to make the tokens available to the audience and to incentivize participants

InsurePal crowdsale

The InsurePal crowdsale is set for 16 January 2018. The crowdsale will last for a period of 21 days with a softcap of $5 million and hardcap of $18 million. A total of 201 million IPL tokens will be distributed during the crowdsale and an overall of 300 million tokens will be available. I IPL will be equivalent to $0.10.

The hard cap was reached in 80 seconds.

Token usage

InsurePal IPL token can be used for the following causes:

  • As an insurance of blockchain business transactions
  • As an upfront incentive
  • As an insurance premium discount
  • As social proof score and credit score
  • As social proof identity
  • For claims adjustments

The InsurePal team

The team behind InsurePal combines best of industry professionals with years of experience and experts dedicated to blockchain technology. The team is led by CEO and Co-founder Matt Peterman and Tom Volk also a co-founder. It also includes an executive managing team led by CIO Thomas Manson.

 

 

 

 

Read More
2 years ago
0 9
2 years ago
0 6
2 years ago
0 13

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Cryptostec
DISCLAIMER The information contained on this website is provided for informational purposes only and is not intended to substitute for professional financial, legal or tax advice. You should consult a professional before acting on any information you find here. This website may be compensated by companies mentioned through advertising, affiliate programs or otherwise. Any references to third party products, rates, or websites are subject to change without notice. Please do the appropriate research before participating in any third party offers. © Copyright 2020 Cryptostec
%d bloggers like this: