First off, why did you decide to use the blockchain in building InsurePal? Which element came first, Insurance or Blockchain? And how do you intend to ramp it up?
Blockchain is more than a technology. It comes with a premise we can do business differently, more transparently and most of all, fairer to the end-customers. It enables the emergence of new peer-to-peer services which connect customers through smart contracts without the control of a centralized institution. For that reason, it also gives them back the power to manage their own data and assets.
In the case of InsurePal, the insurance part came first. But, when we thought of the appropriate solution for the implementation of social proofing, blockchain seemed a perfect fit. Several recent successful projects in the blockchain space confirmed this is the right way of ramping up products and, we also have some “secret ingredients” to speed up the process itself.
Matt Peterman CEO and CO-founder of Insurepal: https://www.chipin.com/insurepal-ceo-matt-peterman-interview/
Topic: [ANN] [IPL] InsurePal | Distributed social proof insurance - page 51. (Read 12685 times)
IPL TOKEN DISTRIBUTION
OUT OF UP TO 300 MILLION IPL TOKENS:
» up to 201,000,000 IPL Tokens (67%) will be distributed to the contributors in the IPL Token
Crowdsale; and
» up to 72,000,000 IPL Tokens (24%) will be distributed to the Founders and Team;
» up to 18,000,000 IPL Tokens (6%) will be distributed to the Advisors and Ambassadors; and
» up to 9,000,000 IPL Tokens (3%) are intended for Incentives for Users & Contributors of
InsurePal platform.
The smart contract will generate IPL tokens immediately upon receiving ETH at its
address. In due time, after the token crowdsale reaches its hard cap or closes after 21
days, whichever occurs first, the IPL tokens will be released to the contributors and to
InsurePal AG, according to the split outlined above. Each ETH contributed will generate
a corresponding number of IPL Tokens (approx. 2,600 IPL Tokens for the contributor,
plus potential bonuses and a corresponding amount of IPL Tokens to be distributed to
InsurePal Ltd).
A 10% BONUS WILL BE ALLOCATED TO:
» contributors who contribute within 96 hours of the InsurePal token crowdsale launch; or
» contributors who contribute over 50 ETH.
Whitepaper says it al. https://insurepal.io/InsurePal_whitepaper.pdf
OUT OF UP TO 300 MILLION IPL TOKENS:
» up to 201,000,000 IPL Tokens (67%) will be distributed to the contributors in the IPL Token
Crowdsale; and
» up to 72,000,000 IPL Tokens (24%) will be distributed to the Founders and Team;
» up to 18,000,000 IPL Tokens (6%) will be distributed to the Advisors and Ambassadors; and
» up to 9,000,000 IPL Tokens (3%) are intended for Incentives for Users & Contributors of
InsurePal platform.
The smart contract will generate IPL tokens immediately upon receiving ETH at its
address. In due time, after the token crowdsale reaches its hard cap or closes after 21
days, whichever occurs first, the IPL tokens will be released to the contributors and to
InsurePal AG, according to the split outlined above. Each ETH contributed will generate
a corresponding number of IPL Tokens (approx. 2,600 IPL Tokens for the contributor,
plus potential bonuses and a corresponding amount of IPL Tokens to be distributed to
InsurePal Ltd).
A 10% BONUS WILL BE ALLOCATED TO:
» contributors who contribute within 96 hours of the InsurePal token crowdsale launch; or
» contributors who contribute over 50 ETH.
Whitepaper says it al. https://insurepal.io/InsurePal_whitepaper.pdf
Meet the Boss – Exclusive Interview with Insurepal CEO Matt Peterman
What does that mean? Using a blockchain structure, and utilizing the unique capabilities of a decentralized trustless network, InsurePal aims to help identify a global community of low-risk clients. Utilizing “social proof” recommendations, users will be able to lower their insurance costs and earn money by referring and guaranteeing other users.
This will create a win-win for both customers and firms. Insurers will be able to dramatically cut costs of compliance and claims adjustment by identifying lower risk customers. And consumers will be able to earn money in the form of rewards and lowered premiums by financially underwriting the people they recommend.
We recently sat down with Matt Peterman, the CEO of InsurePal to have a chat with him about the project as well as finding out his thoughts and insights.
On the other hand, InsurePal’s co-founder Tom Volk is also a co-founder of company ADACTA, a leading European vendor for insurance core software, generating $25million revenue and employing 450 people in Ljubljana, Zagreb, Belgrade, Moscow, Brno and London.
As we have known each other for a long time, we decided to cooperate on finding an effective and agile solution for the insurance industry which is stubbornly resisting to change. We´ve designed an accurate mathematical model, calibrated on a real motor market data which proved us that the top 1% of the safest drivers overpay their insurance for a whopping 80% and the top 10% overpay for 70%. All this data served us as a confirmation that it`s time for a change, which we started with InsurePal social proof insurance on blockchain.
https://www.chipin.com/insurepal-ceo-matt-peterman-interview/
What does that mean? Using a blockchain structure, and utilizing the unique capabilities of a decentralized trustless network, InsurePal aims to help identify a global community of low-risk clients. Utilizing “social proof” recommendations, users will be able to lower their insurance costs and earn money by referring and guaranteeing other users.
This will create a win-win for both customers and firms. Insurers will be able to dramatically cut costs of compliance and claims adjustment by identifying lower risk customers. And consumers will be able to earn money in the form of rewards and lowered premiums by financially underwriting the people they recommend.
We recently sat down with Matt Peterman, the CEO of InsurePal to have a chat with him about the project as well as finding out his thoughts and insights.
On the other hand, InsurePal’s co-founder Tom Volk is also a co-founder of company ADACTA, a leading European vendor for insurance core software, generating $25million revenue and employing 450 people in Ljubljana, Zagreb, Belgrade, Moscow, Brno and London.
As we have known each other for a long time, we decided to cooperate on finding an effective and agile solution for the insurance industry which is stubbornly resisting to change. We´ve designed an accurate mathematical model, calibrated on a real motor market data which proved us that the top 1% of the safest drivers overpay their insurance for a whopping 80% and the top 10% overpay for 70%. All this data served us as a confirmation that it`s time for a change, which we started with InsurePal social proof insurance on blockchain.
https://www.chipin.com/insurepal-ceo-matt-peterman-interview/
Oh yes, few more days till magic 
140.700.000 IPL Sold-Out out of Total supply: 300,000,000 IPL, and Token price: $0.10 awesome. Gret Bonus allocation: 10 % for
- those who contribute in first 96 hours
- those who contribute over 50 ETH
I wish I had 50 ETH to contribute to insurepal. So many advisors and good team.
Insurepal is hot like sweet cake with cherry on top
Oh yes, few more days till magic
I can't wait to distribute the insurepal insurance, I see that in one day stocks of insurepal was automatically buy of more capitalist capitalist. I was not surprised if there's a lot of people wanted to be insured in the future.Recent world people are analyze more about the insurance side buddy. In this time InsurePal team shows its success in the ICO token sale time itself I think. There are many promising project does not get the 50% of the value at this time but it is great time had by our team Ipal. Before the token sale I wish them and expects to reach the 100% successfully before the token sale ends.
how will you know if for example crowdsale will be closed quick, and more transactions will be send at the same time, but only few of them will catch the before the hard cap closes?
Who has advantage? How does thiis go?
Who has advantage? How does thiis go?
I think the insurepal team will refund your ethereum back to you if that happened, this thing is rarely happen though. It's better to consult this question on the telegram group to get the better answer, i'm sure the team there will answer it.
Amazing project!
Support InsurePal through voting for it - http://icoinrating.com/insurepal/
Support InsurePal through voting for it - http://icoinrating.com/insurepal/
Oh yes, few more days till magic
I can't wait to distribute the insurepal insurance, I see that in one day stocks of insurepal was automatically buy of more capitalist capitalist. I was not surprised if there's a lot of people wanted to be insured in the future. Please help me, I do not understand this:
I have my KYC approved for the presale, do I have to do it again for the crowdsale?
If your KYC was approved for the presale, you do not have to do it again for crowdsale. But, it is important and necessary to whitelist your wallet from which you’ll contribute during the crowdsale. The unique addresses that were given to you during the presale are no longer valid in the crowdsale.
That is my case. But what does it mean "whitelist your wallet from which......"? I filled in my wallet adress during the KYC for presale... Where should i now whitelist my wallet for crowdsale again? And to what adress should i send ETH during Crowdsale?
Thank you!
I have my KYC approved for the presale, do I have to do it again for the crowdsale?
If your KYC was approved for the presale, you do not have to do it again for crowdsale. But, it is important and necessary to whitelist your wallet from which you’ll contribute during the crowdsale. The unique addresses that were given to you during the presale are no longer valid in the crowdsale.
That is my case. But what does it mean "whitelist your wallet from which......"? I filled in my wallet adress during the KYC for presale... Where should i now whitelist my wallet for crowdsale again? And to what adress should i send ETH during Crowdsale?
Thank you!
If you had KYC approved, it is valid also in crowdsale.
On "Whitelisting your wallet": when you applied for a whitelist (or now kyc info) here https://insurepal.io/whitelist, one of the fields was to enter "Return wallet address". So, if you entered before MEW or similar ERC20 wallet address from where you will transfer (and get your tokens), it is already ok. So you can use the same wallet.
Address to send ETH in crowdsale will be posted on our site right before the crowdsale starts on 16 January. https://insurepal.io/
If you are lazy take a look at videos of Insurepal
https://www.youtube.com/channel/UCgpEjq3P54FKDmJDyOjJ9vg
You will see how big Insurepal will became
https://www.youtube.com/channel/UCgpEjq3P54FKDmJDyOjJ9vg
You will see how big Insurepal will became
FAQ for read for everyone: My KYC is approved, but presale is closed. Can I send my ETH now or do I have to wait for January 16th crowdsale?
No, you cannot send your ETH right now. As all contributors, you’ll have to wait for the January 16th when the public crowdsale starts. We will announce the block with which the crowdsale will start and the contribution address on this link: https://insurepal.io/crowdsale .
We warn you: beware of the phishing attempts! Always make sure that you are visiting InsurePal official site (www.insurepal.io). To avoid scams, we advise you to add the website address in your bookmarks. Make sure that you are well informed about the start and end of the crowdsale. And if the offer is too good to be true — it usually is!
More: https://medium.com/insurepal-blog/insurepal-crowdsale-faq-54846978da10
No, you cannot send your ETH right now. As all contributors, you’ll have to wait for the January 16th when the public crowdsale starts. We will announce the block with which the crowdsale will start and the contribution address on this link: https://insurepal.io/crowdsale .
We warn you: beware of the phishing attempts! Always make sure that you are visiting InsurePal official site (www.insurepal.io). To avoid scams, we advise you to add the website address in your bookmarks. Make sure that you are well informed about the start and end of the crowdsale. And if the offer is too good to be true — it usually is!
More: https://medium.com/insurepal-blog/insurepal-crowdsale-faq-54846978da10
Please help me, I do not understand this:
I have my KYC approved for the presale, do I have to do it again for the crowdsale?
If your KYC was approved for the presale, you do not have to do it again for crowdsale. But, it is important and necessary to whitelist your wallet from which you’ll contribute during the crowdsale. The unique addresses that were given to you during the presale are no longer valid in the crowdsale.
That is my case. But what does it mean "whitelist your wallet from which......"? I filled in my wallet adress during the KYC for presale... Where should i now whitelist my wallet for crowdsale again? And to what adress should i send ETH during Crowdsale?
Thank you!
I have my KYC approved for the presale, do I have to do it again for the crowdsale?
If your KYC was approved for the presale, you do not have to do it again for crowdsale. But, it is important and necessary to whitelist your wallet from which you’ll contribute during the crowdsale. The unique addresses that were given to you during the presale are no longer valid in the crowdsale.
That is my case. But what does it mean "whitelist your wallet from which......"? I filled in my wallet adress during the KYC for presale... Where should i now whitelist my wallet for crowdsale again? And to what adress should i send ETH during Crowdsale?
Thank you!
InsurePal is challenging the $7 trilion global insurance market of today with a distributed, self - adjusting insurance platform. Harnessing the power of blockchain, they introduce a completely new model of risk selection, guided by science of social proof. Network uses peer-to-peer endorsements to improve segmentation, lower premium costs and offer incentives users.
The distributed insurance platform has reinvented the science od social proof to work similarly as a third-party deductible in banking.
Cant wait
The distributed insurance platform has reinvented the science od social proof to work similarly as a third-party deductible in banking.
Cant wait
how will you know if for example crowdsale will be closed quick, and more transactions will be send at the same time, but only few of them will catch the before the hard cap closes?
Who has advantage? How does thiis go?
Who has advantage? How does thiis go?
Matt PetermanFollow
AI, blockchain and common sense
Jan 7
from MEDIUM INSUREPAL
For years, we have allowed the growth of large corporations that have literally enslaved us to feed their greed. To change this narrative, internet came as a first big breakthrough, making information widely available, and consequently allowing us to speak-up and engage in conversation with the companies.
Blockchain is the next big thing as its true benefit doesn’t come from high earnings, as one might assume. In reality, its long-term value is reflected in the revolutionary paradigm of decentralization that empowers individuals and restores back our dignity. Now, we really are at a junction of how our future might look like.
We`re witnessing the rise of peer-to-peer organizations who have made it their priority to listen to the end-users and above all, adapting to their needs. We all know that payment for a certain service is necessary and do not object to that. But, as consumers, we wish the price of that service reflects its real value and is most of all, tailored to our personal needs.
But, insurance companies haven’t made that transition yet: either because they are too big, too traditional or just subjected to too many challenging regulations. They still spend the most money on expensive and extremely invasive methods through which they segment their customers, so they can bill them more.
The reason is perfectly illustrated in this statement:
“There is no longer any anonymity on the Web — unless we mandate it. The most personal information about your online habits is collected, bought and sold, often instantaneously and invisibly. Data collection is a business driven by profits at consumers’ expense.”
Therefore, their objective is to turn data into information, providing them with the best insight on your interests and personal behavior.
In the now, many insurtech are already challenging this rigid structure. However, InsurePal is the first industry startup fully harnessing the power of blockchain. We have decided to look on the insurance differently and put ourselves in customers` shoes.
Why should only insurances profit with our personal insight? And how can we make the process beneficent for all? The answer is social proofing. It is perhaps the most innovative model of risk selection and, when put on blockchain, it makes the need for a centralized institution redundant.
Our platform will act as a global provider of various insurance modules, based on social proof mechanics and it will represent an entry point to the entire insurance ecosystem. The social proof will be gained by receiving or giving endorsements and will also be applicable to having more than one endorses. As each new endorser also has their own social proof network, a hierarchical social proof virtual network will soon establish.
“Data is precious and will last longer than the systems themselves”, Tim Berners Lee, the inventor of the World Wide Web once said. In other words, digitalization made it happen that our own data are the most intimate (and therefore growingly valuable) data we possess.
The tokenizing will allow InsurePal to uniquely identify insurance assets, whereas you will be able to transfer the information to other types of business via a digital record. This is how you as consumer will finally be able to enter into a dialogue in an equivalent position when engaging with companies. And in return, to actually make a profit when exchanging your social proof information to them.
For more information about InsurePal crowdsale, visit our website www.insurepal.io and join us in conversation!
Insurepal will be new story of success
i preppared 30 ETH
but i will invest 150 ETH
Very PRO ICO
AI, blockchain and common sense
Jan 7
from MEDIUM INSUREPAL
For years, we have allowed the growth of large corporations that have literally enslaved us to feed their greed. To change this narrative, internet came as a first big breakthrough, making information widely available, and consequently allowing us to speak-up and engage in conversation with the companies.
Blockchain is the next big thing as its true benefit doesn’t come from high earnings, as one might assume. In reality, its long-term value is reflected in the revolutionary paradigm of decentralization that empowers individuals and restores back our dignity. Now, we really are at a junction of how our future might look like.
We`re witnessing the rise of peer-to-peer organizations who have made it their priority to listen to the end-users and above all, adapting to their needs. We all know that payment for a certain service is necessary and do not object to that. But, as consumers, we wish the price of that service reflects its real value and is most of all, tailored to our personal needs.
But, insurance companies haven’t made that transition yet: either because they are too big, too traditional or just subjected to too many challenging regulations. They still spend the most money on expensive and extremely invasive methods through which they segment their customers, so they can bill them more.
The reason is perfectly illustrated in this statement:
“There is no longer any anonymity on the Web — unless we mandate it. The most personal information about your online habits is collected, bought and sold, often instantaneously and invisibly. Data collection is a business driven by profits at consumers’ expense.”
Therefore, their objective is to turn data into information, providing them with the best insight on your interests and personal behavior.
In the now, many insurtech are already challenging this rigid structure. However, InsurePal is the first industry startup fully harnessing the power of blockchain. We have decided to look on the insurance differently and put ourselves in customers` shoes.
Why should only insurances profit with our personal insight? And how can we make the process beneficent for all? The answer is social proofing. It is perhaps the most innovative model of risk selection and, when put on blockchain, it makes the need for a centralized institution redundant.
Our platform will act as a global provider of various insurance modules, based on social proof mechanics and it will represent an entry point to the entire insurance ecosystem. The social proof will be gained by receiving or giving endorsements and will also be applicable to having more than one endorses. As each new endorser also has their own social proof network, a hierarchical social proof virtual network will soon establish.
“Data is precious and will last longer than the systems themselves”, Tim Berners Lee, the inventor of the World Wide Web once said. In other words, digitalization made it happen that our own data are the most intimate (and therefore growingly valuable) data we possess.
The tokenizing will allow InsurePal to uniquely identify insurance assets, whereas you will be able to transfer the information to other types of business via a digital record. This is how you as consumer will finally be able to enter into a dialogue in an equivalent position when engaging with companies. And in return, to actually make a profit when exchanging your social proof information to them.
For more information about InsurePal crowdsale, visit our website www.insurepal.io and join us in conversation!
Insurepal will be new story of success
i preppared 30 ETH
but i will invest 150 ETH
Very PRO ICO
thank you so much for this, very helpful
https://medium.com/insurepal-blog/insurepal-crowdsale-faq-54846978da10
https://medium.com/insurepal-blog/insurepal-crowdsale-faq-54846978da10
Oh yes, few more days till magic
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