Vernam (VRN)

Vernam is a comission-free insurance platform on blockchain.

Whitepaper

Onepager

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What is Vernam

Clients, purchasing conventional insurance through the Vernam platform will receive a cashback reward, equal to a typical broker’s commission (up to 30% of the premium price) in VRN tokens.

Every client will be able to sign the Vernam’s “CryptoSafe” smart contract, free of commission, guaranteeing that when a defined set of events occur, the client will be compensated.

To take full advantage of the platform Vernam will introduce the Vernam token (VRN), an Ethereum-based ERC20 standard non-minable utility token that can be obtained via the crowdsale.

The use of a shared ledger will prevent any possibility for data manipulation, increasing transparency on the Vernam platform.

Vernam utilizes blockchain technology to develop a competitive online marketplace for conventional insurance products by the biggest insurance companies.

Depending on the amount of funds received, Vernam may either focus on the European market, or expand beyond Europe and develop additional features and products.