PolicyPal Network logo

PolicyPal Network (PAL)

Finance
Website
More socials
Status
ICO

PolicyPal Network is a platform built with a vision of addressing key issues that overlap the fields of both insurance and cryptoassets in the world today.

PolicyPal Network White Paper Whitepaper

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Interest lvl
Medium
Learn more about our rating
User Rating
Medium
3/5 1 votes
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Ticker
PAL
Type
Utility-token
Token standard
ERC-20
FoundedSingapore
Registration countrySingapore
Office address79, Ayer Rajah CrescentNo 03-01Singapore, 139955

What is PolicyPal Network

  • CryptoProtect – Cyber security service in partnership with Insurers to protect cryptocurrency assets.
  • Inclusive Insurance for Emerging Markets
  • Smart Insurance Contracts - weather condition triggers, fraud detection, pricing algorithm adjustments, claims submission and payout.
  • Instant settlement and issuance of policies.
  • Secured blockchain design for privacy to protect sensitive policyholder details.

PolicyPal Network Roadmap

1
Q1 2018

Launch of Website and WhitePaper
Announcement of Partnerships in emerging countries
Proof of concept for CryptoProtect insurance with global insurer
Alpha Release: PolicyPal Network on Ethereum Testnet
Token Generation Event ("Token Generation Event").

2
Q2 2018

Alpha Release: PolicyPal Network on Ethereum Testnet with Partner in new country
Beta Release: PolicyPal Network on Ethereum Mainnet with Partner in new country
Alpha Release: Testing of CryptoProtect insurance with Partner
Launch: Cryptocurrency insurance with Global Insurer
Alpha Release: Testing of bonus in PYPL tokens with selected community members
Launch: Bonus in PYPL tokens for members who purchase policies.

3
Q3 2018

Alpha Release: PolicyPal Network Blockchain
Beta Release: PolicyPal Network Blockchain with Proof of Stake
Launch: PolicyPal Network Blockchain with exchange of erc20 tokens onto PolicyPal Network Mainnet
Launch: P2P Mutual Aid Insurance – Personal and Life Insurance on PolicyPal Network Blockchain.

4
Q4 2018

Further expansion of PolicyPal Network into other Asian countries
Proof of concept for new insurance products with global insurer on Blockchain
Launch: P2P Mutual Aid Insurance – Agriculture and Property Insurance on PolicyPal Network Blockchain
New product ideas and ongoing iteration.

Token Sale Dates

ICO

Start date: Feb 04, 2018
End date: Mar 04, 2018

Token Allocation

Total Token Supply 500000000

Funding Details

Hard Cap 20,200,000 USD
Funds Raised (as of now) 20,482,000 USD

Restrictions

Residents of the following countries are prohibited from participating
China, United States

Token distribution


50% - Sale
15% - Partnerships
15% - Team
20% - Incentive for PolicyPal Network Blockchain

Funds allocation


50% - R&D
10% - Business partnerships
10% - Operations
15% - Legal and compliance
15% - Marketing and expansion

Token Price and Payment Options

Token price USD 1 PAL = 0.0413905 USD
Token price ETH 1 Token = 0.000050 ETH
Accepted Currencies ETH

Project team

Val Yap
Val Yap
CEO, Founder
Val Yap linkedin-team
Lucas Chua
Lucas Chua
Chief Strategy Officer
Lucas Chua linkedin-team
David Hoong
David Hoong
Head of Broking
KC Wong
KC Wong
Tech and Blockchain Lead
KC Wong linkedin-team
Yan Wye Huong
Yan Wye Huong
Software Engineer
Yan Wye Huong linkedin-team

Advisors

Prof. David Lee Kuo Chuen
Prof. David Lee Kuo Chuen
Professor of Quantitative Finance, Singapore University of Social Sciences
Bo Shen
Bo Shen
Fenbushi Capital - 分布式资本, Founding/Managing Partner
Scott Walchek
Scott Walchek
CEO, Founder, Trōv
Shaun Djie
Shaun Djie
Co-Founder DigixGlobal
Vincent Loy
Vincent Loy
Managing Director Accenture Asia
Wynthia Goh
Wynthia Goh
Former Chief Digital Officer, Aviva Asia

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