Insurepal- distributed social proof insurance
Cryptolabb
Author- https://t.me/crypto_labb
DESCRIPTION AND ANALYSIS
InsurePal is a next generation of peer-to-peer insurance based on social proof endorsem ents, fully harnessing the power of blockchain innovation. It aims to become the world’s first insurance service offering trust to members of the crypto community when transacting products and services.
WHAT PROBLEM SOLVE
The mechanism of social proof is applicable to different types of insurance, allowing us to intervene in completely new areas, brought-about with the blockchain innovation. By ensuring the financial compensation of a breached business agreement to the injured party we will greatly accelerate the quality and quantity of all future blockchain business transactions.
PLAN
Insurance of tomorrow
InsurePal aims to become a first-of-a-kind blockchain-based decentralized insurance platform powered by social proof guarantee. InsurePal is a next generation of peer-to-peer insurance based on social proof endorsements, fully harnessing the power of blockchain innovation. It will serve as a replacement for insurances as we know and offer a completely new type of coverage for areas of life and business that began to emerge with the evolution of blockchain and transactions being carried out on the distributed ledger.
The science of social proof
Social proof is a natural, in-built mechanism within all of us, representing people`s moral compass. In other words, people reference the behavior of others to guide their own behavior. InsurePal embeds social proof in a form of financial commitment. The endorser who financially guarantees for someone has to use its own due diligence when providing the guarantee to at the risk of losing their money. Through such endorsements and guarantees, the network in whole becomes more risk aware, consequently inducing a change of people’s behavior.
Worldwide patent
This is the first time we have successfully reinvented the social proof for insurance industry. The innovative approach has been filed for patent protection in US and worldwide. Insurance play a vital role in society and its proper function is imperative. To prevent unfair competition, it is at large subjected to tight regulation and unified standards. For that, we make it our imperative that InsurePal abides with all the regulatory requirements. This way our policyholders can always rely they are safe and covered.
ТЕАМ
And other team’s members here: insurepal.io/team Very strong!
SOCIAL MEDIA
https://www.facebook.com/InsurePal/
https://twitter.com/InsurePal_io
https://www.linkedin.com/company/18358945/
https://www.youtube.com/channel/UCgpEjq3P54FKDmJDyOjJ9vg
https://medium.com/insurepal-blog
https://bitcointalk.org/index.php?topic=2495721.0
ROADMAP
Summary
This ICO collected 18 million dollars in 80 seconds, which indicates the rabid demand for this token. In addition, it is not difficult to calculate how much profit the holders have already received ($ 18,000,000 / 201,000,000 = about 9 cents per a token, now it is already worth 30 cents, and this is without listing on major exchanges!)
The idea of the token is new, and at the moment there are no competitors, which tells him about the growth of the cost