Topic: [ANN] [IXT] InsureX - blockchain-secured marketplace for Insurance - page 50. (Read 80995 times)

Hi WrT,

Just to name a few: Quote provisioning, Data provisioning and platform growth i.e. referrals

Regards,
InsureX

what activities will be most rewarded?

Hi,

We are creating an ecosystem where IXT tokens is the way to pay or get rewarded for activities on the platform. As we bring on large insurance institutions the IXT will be a critical part of their operations. They need to buy IXT to transact on the platform.

Regards,
InsureX

I also wonder where is a benefit for me for buying and holding tokens...but it seems that nobody can explain this here.

It looks like at the end I will have fancy blockchain Insurance for my car and house that I dont need...with my so called tokens.....  

Yes, being the first to insure on a blockchain is hot. I hope the devs explain more on how it could be done.

nice logo dev, i like it 

So big hype on this ICO, why?

How token holder benefit from holding this token? 

It seems a good ICO with a strong team. But I still have some questions. Although I dont believe p2p insurance is a sound business like p2p lending, especially in the cases where insurees need service help from the insurer (not just the claim payment) and with this perspective it is more realistic that Insurex builds its business proposal by including insurers and reinsurers, but this comes along with some fundamental problems. First of all, by recreating entire insurance business on a blockchain but with all the actors remaining the same, actualy it is not decentralization of the process but perhaps increasing the efficiency and hence lowering the operational cost. Insurex can really do this by making insurance operations on blockchain and so eliminating the cost that arises from trust issues between the parties. If this is the case, then we should determine how big the cost savings that Insurex targets, because that will show us the potential market of Insurex. We have to know operational costs both on global scale and in Europe (because Insurex initially targets European insurance market). Then we can assess the real value proposition of Insurex. Also, if Insurex explains its plans to expand to markets other than EU then we can also have an idea of present value of its longer term operaitions.

I believe Insurex with its core and advisory team has the capacity to handle with EU market. When they try to expand to say US or Middle East, the regulations will be different. So even they achieve to make insurer partners and draw insurees' attention in those regions they need to persuade the regulatory bodies. Because, If Insurex will store personal information on the servers located in London or even on blockchain and not on the local servers then it might lead to some legal problems. How will they cope with them? If they cannot do it and stuck in EU market, then, is the value proposition still good?

I understand business issues better and I am not a tech-savy person. There is one thing that I believe people over here can easily help me. Considering ICOs generally, if investors buy the tokens as an investment tool and if the platform operates on those tokens, then, dont these two interests contradict each other? If everybody hoards the token then how can platform operate? I have the same problem with BTC or ETH as well. If everybody holds their BTC as an investment tool, doesnt it kill its value proposition as a payment and money transfer system? Lastly, when I read through explanations here, I understand there are some whales who buy big chuncks so that small investors are left out of the game. How much on average (as a percentage of the transaction) should I have to pay as a fee to make sure my transaction will go through?

Thank you.

Please explain:

https://decentralize.today/questionable-proposition-for-token-holders-in-insurex-ico-1f3566d526b6

Hi,

We consider the token sale as a different exercise from going to market in the US. With Cristina based out of New York it is a central goal to explore opportunities in the US.

Regards,
InsureX - IS

Great idea. Nothing better than insurance and undertakers you could invest into!!

The ICO claim to look at different countries regulation...but banning US IPs from their crowdsale crearly show that US insurance market can't be achieved at the moment...which is one of the biggest in term of numbers. what's the reason of that?

InsureX - How it is going to verify it clients ?
This system will only work with crypto market or in real life stuff ?
I am just curious how it will work in whole ecosystem tight now.
Crypto is expanding so much.

Bare with my ignorance, I am new to this: What is a 'whitefish table'?

Dear Avirenuss, I'm in the whitefish table in 182nd place, you canceled me, supposedly I'm a spam bot, but I'm not spam, please restore me. Thank you

Thank you for informing the community regarding this account! We have reported that account to Twitter and we are announcing the warning on our channels.

As our crowdsale is just around the corner, more and more people are trying to scam the community by impersonating the team or InsureX brand, please be wary of this.

Regards,
InsureX Team

Thanks for this notification, please kindly re-broadcast in all social media platforms to warn unsuspecting victims falling prey to this

There is fake twitter account, beware.
Real account: https://twitter.com/insurextech
Fake account: https://twitter.com/lnsurextech
scammers are anywhere, don't send your ETH without investigating about the address to which you are sending.

Hi, i like the idea and have one question: are there plans for health insurance cards?

The Greek ann is now up to date

https://bitcointalksearch.org/topic/insurex-1966766

Enjoy