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Topic: [ANN][ICO]⚡Vernam- The World's 1st 0% commission insurance ⚡ [SOFT CAP REACHED] - page 14. (Read 4236 times)

newbie
Activity: 42
Merit: 0
Is  there minimum and maximum contributions for the sale?
How to Contribute
1. Login to our contributors’ dashboard.


2. Click “Buy Tokens” on the menu on the left.

3. Enter the amount of ETH you’d like to contribute. It should be the equivalent of more than 0.1 ETH. We will accept ETH, BTC and USD (Visa and Mastercard).
https://s7.postimg.cc/egpor3igr/1_3-h_Zsdgl_P5_WFVt_XYbv_Jh_HQ.jpg

4. If you haven’t entered your details yet, the system will re-direct you to your profile settings:
https://s7.postimg.cc/5lougr95n/image.jpg

5. Carefully enter your wallet’s address. You have one chance only!!!
https://s7.postimg.cc/8ttbt9sp7/image.png

Do not use Coinbase address or similar. We accept MEW (MyEtherWallet) only.
6. You will receive the address you have to send your contribution to:
https://s7.postimg.cc/720cyhby3/image.png

Copy the address and deposit the sum. Use only MEW(MyEtherWallet) or similar accounts. Never use exchange accounts. This image is for illustrative purpose only. You can send even less than 25 ETH.
7. When you finish your transaction, add the VCT as a custom token to MyEtherWallet.
https://s7.postimg.cc/v5r4mvpaz/image.jpg

“How To Add a Custom Token to MyEtherWallet”
8. You will see the corresponding amount of VCT tokens in your wallet:
https://s7.postimg.cc/j3vqstg3f/image.jpg

The VCT token in MyEtherWallet
VCT — our anti-fraud guarantee for you during the campaign
As you already know, the Vernam token is called VRN. In order to prevent possible attacks of wallets during the campaign, we introduced another token in our smart contracts — it is called VCT — Vernam Crowdsale Token.

VCT is what everyone will be getting during the campaign. The only purpose of this token is to guarantee that after the end of the campaign you will be able to convert it in VRN token. It can’t be transferred and you can’t use it for anything else.

This is why it won’t be interesting for hackers to try to steal it.

But how do I know I’ll get my real VRN tokens after the crowdsale?
Everything about our token sale is transparent and so are our smart contracts — You can check them on GitHub.

You will see that the two tokens are identical, but the VCT one is of no use other than to be converted to VRN after the crowd sale and if KYC is passed.

https://medium.com/@vernam.official/how-to-buy-vrn-tokens-with-40-discount-97aacd8785fa

newbie
Activity: 120
Merit: 0
If no commision,how you plan to earn money?

Yes,i would like to know that too.What will be your main revenue stream,as running something like this will cost money.
newbie
Activity: 238
Merit: 0
If no commision,how you plan to earn money?
newbie
Activity: 182
Merit: 0
newbie
Activity: 7
Merit: 0
A great market space to be addressed by Blockchain...Best of Luck team...
newbie
Activity: 90
Merit: 0
Vernam in studio: Watch the co-founders in our vlog

This is a series of live studio shows in which we will present important members of the team. They will discuss the Vernam project, the insurance industry, the campaign development.

https://medium.com/@vernam.official/vernam-in-studio-watch-the-co-founders-in-our-vlog-1d6c350ecf76

good read,thank you for sharing that
newbie
Activity: 182
Merit: 0
Which wallet do I need to receive VRN tokens? Will you create a wallet where we can store VRN?
You will need ERC-20 compatible wallet, similar to MEW(My Ether Wallet). Please do not use exchange wallets, similar to Coinbase.

Can i use ledger nano s?
newbie
Activity: 219
Merit: 0
If there is no commision, how you plan to earn money?
Technologically, Vernam is decentralized online platform, based on blockchain technology which creates the right conditions for clients and insurance providers to do business in an easy, safe and cost-efficient way. Besides the platform itself, a proprietary off-chain market place will use the Vernam token (VRN) — an Ethereum-based ERC 20 standard crypto token — to take full advantage of the platform’s functionality.
In other words, when a contract between a client and an insurance provider is signed on Vernam, it will be denominated in VRN. Since there is no broker mediation, the standard broker’s commission (15–25%) will be awarded to the client in the form of VRN. The Client can choose to exchange the VRN for fiat money or to keep it and later purchase a new insurance with a significant discount.
The system will offer special type of smart contracts, guaranteeing that when a defined set of events occurs, the client will automatically be compensated with a certain amount of VRN’s. This will make Vernam the game changer who dared to digitalize the insurance market! Vernam will also be the safest and the cheapest tool to purchase insurance.

Thank you for detailed answer,i was about to ask the same thing
jr. member
Activity: 140
Merit: 2
Which wallet do I need to receive VRN tokens? Will you create a wallet where we can store VRN?
You will need ERC-20 compatible wallet, similar to MEW(My Ether Wallet). Please do not use exchange wallets, similar to Coinbase.

Thanks for taking the time to explain, wasn't sure if I can send from exchange.So is using Metamask ok or does it have to be MEW?

Yeah, you can use Metamask also , no problem there.

Thanks again, I'm still learning stuff, so sometimes a bit confused with all the wallets and options available.
newbie
Activity: 45
Merit: 0
Which wallet do I need to receive VRN tokens? Will you create a wallet where we can store VRN?
You will need ERC-20 compatible wallet, similar to MEW(My Ether Wallet). Please do not use exchange wallets, similar to Coinbase.

Thanks for taking the time to explain, wasn't sure if I can send from exchange.So is using Metamask ok or does it have to be MEW?

Yeah, you can use Metamask also , no problem there.
newbie
Activity: 224
Merit: 0
How much of the token suppl will be left for the team? Will we be able to see those wallets publicly?

From what I remember they will save 15% of token supply for the team to use it to rebuy VRN from exchanges later in future and then buy insurance policies with those VRN to keep the supply and demand in balance and helping to keep VRN price stable that way.

Those team tokens will be locked?

Yeah token will be locked for 6 months during pre ico and those during ico won't be locked as there is no bonus.

So all tokens that are sold in pre ico will be locked?

Yeah, for 6 months and those in ICO won't be locked since there is no bonus in ICO.This goes only for bonus tokens I believe.I wa not clear in previous response it seems.

No bonus in ico at all? Seems kinda weird to be honest.

Well it should be fine since there are really good bonuses in presale, but I agree would be nice to have some bonuses in ICO maybe?

Well bonuses are nice and all, but since there was so many bonuses in presale wouldn't it be counterproductive to offer even more bonuses in ICO on top of it all?
newbie
Activity: 216
Merit: 0
Could you give information about private sale and What benefits are there to holders of the tokens?
Holders of the token will be able to buy 0% commission insurance products when we launch our platform. Because of our token price growth mechanism, we believe that the VRN token price will only go up after the crowdsale, so holding it will be a good long term strategy.

What role does the commission actually play? It doesn't necessarily mean that prices will decrease, does it? If an insurance charges me 95X (price insurance) + 5X (price commission), it is the same as if they charge me 100X (price insurance). How can we be sure that price will decrease?
The cost of the insurance policy is 100X, irrespective of whether or not there is a broker or it is directly insurer. When there is a broker the insurance company pays him a commission of approximately 5-25% from the total value of the policy. What we will do is return that percentage back to the customers in the form of VRN tokens. (Every of our future clients will be able to easily compare the price that we will offer with that of the brokers on entire equal terms (same insurance value,same product, same insurer) So we can safely say that the insurance prices for our users will decrease sensibly.

Thank you for the explanation. So the main thing you do here is replace the broker and distribute those former costs as a payout to users? Why should insurers pick you over brokers if they don't benefit, too?

Well if Vernam offers more incentive to users then standard insurer people will want to go through Vernam and insurer benefits if he uses Vernam because he gets more customers that way Cheesy That is the way I see it.
sr. member
Activity: 910
Merit: 253
Could you give information about private sale and What benefits are there to holders of the tokens?
Holders of the token will be able to buy 0% commission insurance products when we launch our platform. Because of our token price growth mechanism, we believe that the VRN token price will only go up after the crowdsale, so holding it will be a good long term strategy.

What role does the commission actually play? It doesn't necessarily mean that prices will decrease, does it? If an insurance charges me 95X (price insurance) + 5X (price commission), it is the same as if they charge me 100X (price insurance). How can we be sure that price will decrease?
The cost of the insurance policy is 100X, irrespective of whether or not there is a broker or it is directly insurer. When there is a broker the insurance company pays him a commission of approximately 5-25% from the total value of the policy. What we will do is return that percentage back to the customers in the form of VRN tokens. (Every of our future clients will be able to easily compare the price that we will offer with that of the brokers on entire equal terms (same insurance value,same product, same insurer) So we can safely say that the insurance prices for our users will decrease sensibly.

Thank you for the explanation. So the main thing you do here is replace the broker and distribute those former costs as a payout to users? Why should insurers pick you over brokers if they don't benefit, too?
newbie
Activity: 35
Merit: 0
How much of the token suppl will be left for the team? Will we be able to see those wallets publicly?

From what I remember they will save 15% of token supply for the team to use it to rebuy VRN from exchanges later in future and then buy insurance policies with those VRN to keep the supply and demand in balance and helping to keep VRN price stable that way.

Those team tokens will be locked?

Yeah token will be locked for 6 months during pre ico and those during ico won't be locked as there is no bonus.

So all tokens that are sold in pre ico will be locked?

Yeah, for 6 months and those in ICO won't be locked since there is no bonus in ICO.This goes only for bonus tokens I believe.I wa not clear in previous response it seems.

No bonus in ico at all? Seems kinda weird to be honest.

Well it should be fine since there are really good bonuses in presale, but I agree would be nice to have some bonuses in ICO maybe?
jr. member
Activity: 350
Merit: 3
How much of the token suppl will be left for the team? Will we be able to see those wallets publicly?

From what I remember they will save 15% of token supply for the team to use it to rebuy VRN from exchanges later in future and then buy insurance policies with those VRN to keep the supply and demand in balance and helping to keep VRN price stable that way.

Those team tokens will be locked?

Yeah token will be locked for 6 months during pre ico and those during ico won't be locked as there is no bonus.

So all tokens that are sold in pre ico will be locked?

Yeah, for 6 months and those in ICO won't be locked since there is no bonus in ICO.This goes only for bonus tokens I believe.I wa not clear in previous response it seems.

No bonus in ico at all? Seems kinda weird to be honest.
jr. member
Activity: 140
Merit: 2
Which wallet do I need to receive VRN tokens? Will you create a wallet where we can store VRN?
You will need ERC-20 compatible wallet, similar to MEW(My Ether Wallet). Please do not use exchange wallets, similar to Coinbase.

Thanks for taking the time to explain, wasn't sure if I can send from exchange.So is using Metamask ok or does it have to be MEW?
newbie
Activity: 45
Merit: 0
Vernam in studio: Watch the co-founders in our vlog

This is a series of live studio shows in which we will present important members of the team. They will discuss the Vernam project, the insurance industry, the campaign development.

https://medium.com/@vernam.official/vernam-in-studio-watch-the-co-founders-in-our-vlog-1d6c350ecf76

Great article and good to see team being more interactive and starting a series of informative vlogs like this.Will be nice to see how much people will this way of presenting the project bring to the table.
jr. member
Activity: 247
Merit: 2
If there is no commision, how you plan to earn money?
Technologically, Vernam is decentralized online platform, based on blockchain technology which creates the right conditions for clients and insurance providers to do business in an easy, safe and cost-efficient way. Besides the platform itself, a proprietary off-chain market place will use the Vernam token (VRN) — an Ethereum-based ERC 20 standard crypto token — to take full advantage of the platform’s functionality.
In other words, when a contract between a client and an insurance provider is signed on Vernam, it will be denominated in VRN. Since there is no broker mediation, the standard broker’s commission (15–25%) will be awarded to the client in the form of VRN. The Client can choose to exchange the VRN for fiat money or to keep it and later purchase a new insurance with a significant discount.
The system will offer special type of smart contracts, guaranteeing that when a defined set of events occurs, the client will automatically be compensated with a certain amount of VRN’s. This will make Vernam the game changer who dared to digitalize the insurance market! Vernam will also be the safest and the cheapest tool to purchase insurance.

Thank you for explaining, this was going through my head recently also.Good to see that it is well thought system with great incentives that can be sustainable.
sr. member
Activity: 1204
Merit: 288
Vernam in studio: Watch the co-founders in our vlog

This is a series of live studio shows in which we will present important members of the team. They will discuss the Vernam project, the insurance industry, the campaign development.

https://medium.com/@vernam.official/vernam-in-studio-watch-the-co-founders-in-our-vlog-1d6c350ecf76
newbie
Activity: 216
Merit: 0
How much of the token suppl will be left for the team? Will we be able to see those wallets publicly?

From what I remember they will save 15% of token supply for the team to use it to rebuy VRN from exchanges later in future and then buy insurance policies with those VRN to keep the supply and demand in balance and helping to keep VRN price stable that way.

Those team tokens will be locked?

Yeah token will be locked for 6 months during pre ico and those during ico won't be locked as there is no bonus.

So all tokens that are sold in pre ico will be locked?

Yeah, for 6 months and those in ICO won't be locked since there is no bonus in ICO.This goes only for bonus tokens I believe.I wa not clear in previous response it seems.
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