 | Vernam (VRN)ICO  Vernam is a comission-free insurance platform on blockchain. IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenWhat is Vernam
Clients, purchasing conventional insurance through the Vernam platform will receive a cashback reward, equal to a typical brokers commission (up to 30% of the premium price) in VRN tokens.
Every client will be able to sign the Vernams 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.
DetailsPre-sales: May 15, 2018 - Jun 03, 2018Public sales: Jun 04, 2018 - Jul 15, 2018 Token supply: 500000000 Hard cap: 50,000,000 USD(fiat) Raised: 2,500,000 USD BountyTranslation: 15%Social media: 70% Other: 15 | Token infoTicker: VRNType: Utility-token Token standard: ERC-20 Token price in USD: 1 Token = 0.085000 USD Accepted currencies: ETH, BTC, USD Bonus program: Token Price: 15.05 06:00 AM UTC - 09:00 AM UTC - $0.051 15.05 09:00 AM UTC - 23.05 09:00 AM UTC - $0.068 23.05 09:00 AM UTC - 04.06 09:00 AM UTC - $0.072 04.06 09:00 AM UTC - 15.07 - $0.076 (>ETH 10) Token distribution: 50% - Token Sale 5% - Liquidity Pool 20% - CryptoSafe Insurance Fund 15% - Founders and Team 7% - Advisors and Ambassadors 3% - Bounty & Airdrop Funds allocation: 30% - Marketing 25% - Platform Development 20% - Community Growth 25% - Legal and Admin |
Vernam Roadmap
Founders joined efforts to change the insurance industry and started building the Vernam concept.
Concept was validated by experienced InsurTech executives, who later joined the team.
Angel investment received, start of platform development.
Start of the preparation for a token sale.
Listed on an exchange.
Vernam platform MVP launch and testing.
Vernam broker starting operation in several markets.
First CryptoSafe smart contracts signed. Vernam mobile app launch.
Development of additional smart contract insurance products.
Operating on 8+ key European markets.
Project team
Advisors
Social media
