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Topic: [ANN] SafeInsure Coin (SINS)- Insurance for the Blockchain Era- POS+Masternodes - page 103. (Read 42049 times)

member
Activity: 420
Merit: 10
For me, in any project, the issue of security remains an important issue. How seriously will the personal data of users be protected. And can I completely trust this project?
As far as I understand, they use the masternodes to protect the personal data of users and companies. This should ensure the safety of the system.

Yes, I've heard about this technology. That is, the data will be stored in a decentralized manner and encrypted on different nodes?
Namely, this method is also good because the owner of the nodes can be ordinary users who will be able to make a profit for this.
newbie
Activity: 238
Merit: 0
For me, in any project, the issue of security remains an important issue. How seriously will the personal data of users be protected. And can I completely trust this project?
As far as I understand, they use the masternodes to protect the personal data of users and companies. This should ensure the safety of the system.

Yes, I've heard about this technology. That is, the data will be stored in a decentralized manner and encrypted on different nodes?
member
Activity: 420
Merit: 10
For me, in any project, the issue of security remains an important issue. How seriously will the personal data of users be protected. And can I completely trust this project?
As far as I understand, they use the masternodes to protect the personal data of users and companies. This should ensure the safety of the system.
newbie
Activity: 238
Merit: 0
For me, in any project, the issue of security remains an important issue. How seriously will the personal data of users be protected. And can I completely trust this project?
full member
Activity: 378
Merit: 100
Insurance is a huge and diverse market, which includes many different industries and varieties, in what sphere does this project count?

What exactly do you mean? Yes, the insurance market is diverse, but the operating principle of the insurance company remains the same, is not it?
I do not know these details, so I'm asking. For example, there is life insurance or real estate insurance, as well as car insurance, is the insurance company guided by the same principles when concluding a contract?

As far as I know, only the insured amount and insurance cases prescribed in the contract vary. And the principle is the same for everything they talked about in their white paper. Insurance cases should be individualized and focused on different spheres.
That is, you can still say that they expect to cover their entire project with a diverse insurance services market?
Yes exactly. A universal product that can simplify and automate many processes in the insurance industry and make the work in this area the most intelligent and thoughtful.
newbie
Activity: 196
Merit: 0
Insurance is a huge and diverse market, which includes many different industries and varieties, in what sphere does this project count?

What exactly do you mean? Yes, the insurance market is diverse, but the operating principle of the insurance company remains the same, is not it?
I do not know these details, so I'm asking. For example, there is life insurance or real estate insurance, as well as car insurance, is the insurance company guided by the same principles when concluding a contract?

As far as I know, only the insured amount and insurance cases prescribed in the contract vary. And the principle is the same for everything they talked about in their white paper. Insurance cases should be individualized and focused on different spheres.
That is, you can still say that they expect to cover their entire project with a diverse insurance services market?
full member
Activity: 378
Merit: 100
Insurance is a huge and diverse market, which includes many different industries and varieties, in what sphere does this project count?

What exactly do you mean? Yes, the insurance market is diverse, but the operating principle of the insurance company remains the same, is not it?
I do not know these details, so I'm asking. For example, there is life insurance or real estate insurance, as well as car insurance, is the insurance company guided by the same principles when concluding a contract?

As far as I know, only the insured amount and insurance cases prescribed in the contract vary. And the principle is the same for everything they talked about in their white paper. Insurance cases should be individualized and focused on different spheres.
newbie
Activity: 196
Merit: 0
Insurance is a huge and diverse market, which includes many different industries and varieties, in what sphere does this project count?

What exactly do you mean? Yes, the insurance market is diverse, but the operating principle of the insurance company remains the same, is not it?
I do not know these details, so I'm asking. For example, there is life insurance or real estate insurance, as well as car insurance, is the insurance company guided by the same principles when concluding a contract?
full member
Activity: 378
Merit: 100
Insurance is a huge and diverse market, which includes many different industries and varieties, in what sphere does this project count?

What exactly do you mean? Yes, the insurance market is diverse, but the operating principle of the insurance company remains the same, is not it?
jr. member
Activity: 140
Merit: 1
This coin has been listed on @Coinmarketdaddy (CMD). For all the trading information, total Supply, current price,  1 hour change, 24 hour change, 7 days change,  historical data , graph, calculator, convertor, reviews, statistics, and comments check out CMD twitter page @Coinmarketdaddy (CMD) and visit

SINS Market & Trading Data

Volume (24h)    $ 103.25K   
Maximum Supply   21,000,000
Price %(1h)    0.23%
Price %(24h)        0.55%

https://coinmarketdaddy.com/currencies/coin/safeinsure/sins/
newbie
Activity: 196
Merit: 0
Insurance is a huge and diverse market, which includes many different industries and varieties, in what sphere does this project count?
full member
Activity: 336
Merit: 100
It certainly pleases that modern technologies penetrate deeper into our ordinary life and change it. This project can be very popular, since insurance services are ubiquitous and popular.

I agree, I did not even know that in the insurance business there are similar problems described in white paper. This project can optimize and speed up many processes.
But this is also a huge minus of this project in a certain sense. Yes, it will greatly simplify many processes, but this will adversely affect other areas.
In what sense? I do not quite understand this. How this project can affect somehow negatively on some processes, it seems to me this is impossible.

At the moment, a huge number of people work in the sphere of insurance services, and with the advent of such an automated project, a very large number of people will lose their jobs, because this technology automates many processes.
Yes, it is true, but we live in times of innovation and new technologies. The world is changing and sooner or later a lot of people in all positions will lose their jobs in connection with automation. This is not a problem of this project.
Yes I agree with you, but all the same it seems to me it is necessary to vvobdit similar technologies more smoothly that the market has had time to be reconstructed.

So this project does not say that the whole world will immediately switch to this technology. The project simply offers a tool that insurance companies can use at will. I'm not sure that many will immediately switch to this technology, it will happen smoothly, naturally.
newbie
Activity: 406
Merit: 0
It certainly pleases that modern technologies penetrate deeper into our ordinary life and change it. This project can be very popular, since insurance services are ubiquitous and popular.

I agree, I did not even know that in the insurance business there are similar problems described in white paper. This project can optimize and speed up many processes.
But this is also a huge minus of this project in a certain sense. Yes, it will greatly simplify many processes, but this will adversely affect other areas.
In what sense? I do not quite understand this. How this project can affect somehow negatively on some processes, it seems to me this is impossible.

At the moment, a huge number of people work in the sphere of insurance services, and with the advent of such an automated project, a very large number of people will lose their jobs, because this technology automates many processes.
Yes, it is true, but we live in times of innovation and new technologies. The world is changing and sooner or later a lot of people in all positions will lose their jobs in connection with automation. This is not a problem of this project.
Yes I agree with you, but all the same it seems to me it is necessary to vvobdit similar technologies more smoothly that the market has had time to be reconstructed.
full member
Activity: 336
Merit: 100
It certainly pleases that modern technologies penetrate deeper into our ordinary life and change it. This project can be very popular, since insurance services are ubiquitous and popular.

I agree, I did not even know that in the insurance business there are similar problems described in white paper. This project can optimize and speed up many processes.
But this is also a huge minus of this project in a certain sense. Yes, it will greatly simplify many processes, but this will adversely affect other areas.
In what sense? I do not quite understand this. How this project can affect somehow negatively on some processes, it seems to me this is impossible.

At the moment, a huge number of people work in the sphere of insurance services, and with the advent of such an automated project, a very large number of people will lose their jobs, because this technology automates many processes.
Yes, it is true, but we live in times of innovation and new technologies. The world is changing and sooner or later a lot of people in all positions will lose their jobs in connection with automation. This is not a problem of this project.
newbie
Activity: 406
Merit: 0
It certainly pleases that modern technologies penetrate deeper into our ordinary life and change it. This project can be very popular, since insurance services are ubiquitous and popular.

I agree, I did not even know that in the insurance business there are similar problems described in white paper. This project can optimize and speed up many processes.
But this is also a huge minus of this project in a certain sense. Yes, it will greatly simplify many processes, but this will adversely affect other areas.
In what sense? I do not quite understand this. How this project can affect somehow negatively on some processes, it seems to me this is impossible.

At the moment, a huge number of people work in the sphere of insurance services, and with the advent of such an automated project, a very large number of people will lose their jobs, because this technology automates many processes.
full member
Activity: 336
Merit: 100
It certainly pleases that modern technologies penetrate deeper into our ordinary life and change it. This project can be very popular, since insurance services are ubiquitous and popular.

I agree, I did not even know that in the insurance business there are similar problems described in white paper. This project can optimize and speed up many processes.
But this is also a huge minus of this project in a certain sense. Yes, it will greatly simplify many processes, but this will adversely affect other areas.
In what sense? I do not quite understand this. How this project can affect somehow negatively on some processes, it seems to me this is impossible.
newbie
Activity: 406
Merit: 0
It certainly pleases that modern technologies penetrate deeper into our ordinary life and change it. This project can be very popular, since insurance services are ubiquitous and popular.

I agree, I did not even know that in the insurance business there are similar problems described in white paper. This project can optimize and speed up many processes.
But this is also a huge minus of this project in a certain sense. Yes, it will greatly simplify many processes, but this will adversely affect other areas.
full member
Activity: 336
Merit: 100
It certainly pleases that modern technologies penetrate deeper into our ordinary life and change it. This project can be very popular, since insurance services are ubiquitous and popular.

I agree, I did not even know that in the insurance business there are similar problems described in white paper. This project can optimize and speed up many processes.
newbie
Activity: 406
Merit: 0
It certainly pleases that modern technologies penetrate deeper into our ordinary life and change it. This project can be very popular, since insurance services are ubiquitous and popular.
member
Activity: 210
Merit: 10
I correctly understand that the project has been successfully successful in the market, it needs promotion, it was for this purpose that the bounties of the program were created for each project. Tell me, do I correctly interpret what is happening in this area?

Yes, you are right, that's it. Projects create a marketing company to develop their project through the bounty program. Their essence lies in the fact that users are told in social networks and forums about the project and for this they will be awarded project tokens

That's exactly what I thought, it's fine. I'm interested in the following: if the project says that it allocates 1.250.000.000 tokens on the ICO, how do you determine how many tokens will be allocated to the bounty program?

Usually projects write a percentage that will be allocated to the bounty program from the total number of all tokens. That is, you can calculate which number of tokens will receive the community for the promotion of the project on the network.

Understood thanks. At first I thought that for the bounty separate tokens are allocated, but I liked this approach more, the transparency of the project is higher. And how much is this project now tokens on the bounty?

This project allocates 15% of all tokens on the bounty program. That is, 1250000000 * 0.15 = 187.500.000. I think this is the right decision.
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