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PolicyPal Network (PAL)

ICO
PolicyPal Network bounty

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.

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Overview

Project industryFinance Services & Banking
Product typePlatform
FoundedSingapore
WhitepaperPolicyPal Network White Paper Open

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.

Details

Public sales: Feb 04, 2018 - Mar 04, 2018
Token supply: 500000000
Hard cap: 20,200,000 USD
Raised: 20,482,000 USD

Legal

Blockchain Platform: Ethereum
Country limitations: China, United States
Registration country: Singapore
Office address: 79, Ayer Rajah CrescentNo 03-01Singapore, 139955

Token info

Ticker: PAL
Type: Utility-token
Token standard: ERC-20
Token price in USD: 1 PAL = 0.0413905 USD
Token price in ETH: 1 Token = 0.000050 ETH
Accepted currencies: ETH
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

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.

Project team

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

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

Social media

PolicyPal Network web-sitePolicyPal Network RedditPolicyPal Network MediumPolicyPal Network TelegramPolicyPal Network Github

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