[ANN] [IPL] InsurePal | Distributed social proof insurance

[bjcd]

Hi, to avoid confusion, please check our FAQ article https://medium.com/insurepal-blog/insurepal-crowdsale-faq-54846978da10 and last minute tips to prepare for the crowdsale https://medium.com/insurepal-blog/get-ready-for-insurepal-crowdsale-9fe35891498d.

Hi. Thanks for your answer.
But it doesn't confirm me that the KYC approval I received on Jan 2 means the personal wallet I've put in the refund address is approved. I'm actually annoyed because there is no way to "consult" the personal details I gave you late Dec.

Also why is the address a public address for the crowdsale and not an individual one like it was during the presale? How will you match the contributions with a specific individual?

[masstahcoiner]

Matt Peterman
Co-founder & InsurePal CEO
Matt’s been working in insurance business and venture capital for over 15 years, investing and helping private equity companies grow. Currently, he is an executive and business developer for insurance detection company Salviol Ltd.


Tom Volk
Co-founder
Tom is a founder of Adacta Group, a company developing a proprietary insurance core system widely used by EU and Russian insurances. The company bootstrapped €25 million annual revenue and grown a network of 450 professionals in 7 different countries.


LEET founders

and awesome team behind

[hrbtzor]

Get ready for InsurePal Crowdsale

Here are some last-minute tips for you to get ready for the crowdsale and make sure your investment stays safe. Beware of phishing attacks: double check websites, watch out for spelling errors and false user identities, pretending to be InsurePal admins. If the offer is too good to be true, it usually is.


Crowdsale start time: 16 January at approx. 13:00 UTC
Official crowdsale website link: https://insurepal.io/crowdsale
 Official live-stream link: It will be published on official InsurePal Facebook page
Accepted currencies: Ethereum only
Minimum/maximum Contribution Amount: Not limited*
Crowdsale Hard Cap: $18 million dollar
Bonus: 10% bonus for those that will contribute in the first 96 hours and for those that will contribute more than 50 ETH.


When does the crowdsale start?
InsurePal crowdsale is set to begin on January 16 at approximately 13:00 UTC. To make sure you are on time, check this interactive time zone map: https://www.timeanddate.com/time/map/. Please, also note the start estimation is not necessarily 100% accurate, as we begin on a block.


All who wish to participate are advised to whitelist as soon as possible as KYC process takes time and spots are getting extremely limited.


The crowdsale will go live once a specific block is reached. We will calculate and publish the block a few hours prior on the day of the crowdsale.


When the crowdsale is LIVE, we will make an official announcement and publish the public wallet address here: https://insurepal.io/crowdsale. We will also livestream the event on our Facebook page.


Who can contribute in the crowdsale?
Only those who have successfully passed KYC process will be able to contribute in the crowdsale. Our team is working around the clock to make sure all your requests are handled in due time. However, the demand is increasingly higher. For that, we will be able to provide KYC verification only to those users who will submit the application form by Sunday, 14 January. To those who will sing up later, we cannot guarantee to be processed until the crowdsale begins, but we will certainly do our best.

To whitelist, sign up here: https://insurepal.io/whitelist

Reminder: If your KYC was already approved for the presale, you do not have to do it again. But, it is important and necessary to whitelist your wallet from which you’ll contribute during the crowdsale. The unique addresses that were given to you during the presale are no longer valid in the crowdsale.

Is there a minimum/maximum for the crowdsale participation?
No, there is no minimum for the crowdsale contribution, but the amount must be transferable. For each transaction from your wallet, you will need some “gas”, which is the fuel for the Ethereum network, that validates and confirms your transaction. Gas is paid in Ethereum (ETH). In practice, you will need an additional small amount of ETH to send ETH from your wallet. Check https://ethgasstation.info/ for the current status of Ethereum network and sufficient Gas price.

Is there any bonus available in the crowdsale?
Yes, there is a 10% bonus for those that will contribute in the first 96 hours and for those that will contribute more than 50 ETH.

Last-minute reminders for our InsurePal community:
Double-check the wallet address. Before sending your ETH, please check the wallet address on our subpage and DOUBLE check it by following our live stream.

Do not send ETH before the crowdsale start time. We will disclose the wallet address publicly on January 16. However, you have to wait for the crowdsale to actually begin, before sending in your ETH.
Beware of scamming pages. Some shady websites have already tried to scam you. Double check all webpage addresses and watch for spelling mistakes. It is best you save the https://insurepal.io in the taskbar. NEVER click on any links or open any emails that look suspicious.

Do your diligence and know before you invest. We urge you to visit our website and read InsurePal whitepaper in which we laid out the company`s risk and opportunities.

Be aware that ICOs are extremely risky and highly speculative investments. Never invest money that you can’t afford to lose. Make sure you read and understand the Terms & Conditions.

[xxxgoodgirls]

Hello there, what was the discount for the presale? And, what if I forgot my KYC attached ethereum address?

[matjazsircelj]

Hello there, what was the discount for the presale? And, what if I forgot my KYC attached ethereum address?

Hi, presale bonus was 10%. If you need to check or change kyc wallet address, send an email to kyc (at) insurepal.io.

[cryptodivergent]

Hi,

can you be more specific about your UK pilot program - car insurance?

What will be the scope of the coverage? The policy will cover only an at fault claim? or the scope will be wider(theft, catastrophe,..)?

I assume that you will act only as a broker, with underwriting authority from an insurer, so you can do your own pricing, with some limitations of course, but the risk will be transferred to an old fashioned insurance company. InsurePal AG will be rewarded by a brokerage or commission. Up-front discount is something like up-front year-end bonus, when no an at fault claim will occure within the next year. Is that correct?

Then the real challenge of your business model is, how much cheaper your premium with up-front discount will be, comparing it with old fashioned insurance market, in which you are in partnership.

Thanks

[todavenera]

8700 members on telegram


AWESOME

[Crypto_maniac7]

InsurePal´s goals is to become the only blockchain - based decentralized insurance platform fueled by social proof guarantee. InsurePal is the new hybrid of peer to peer insurance, relaying mainly on social proof endorsements. It maximizes the promise of blockchain innovations. It alters the tradicional insurance and offers an entirely different type of coverage for areas of business and life that started to emerge with the evolution of blockchain and transactions conduced on the distributed ledger.
 

[ole1]

https://medium.com/insurepal-blog/get-ready-for-insurepal-crowdsale-9fe35891498d

some last-minute tips for get ready for the crowdsale  

[C0zM1c]

Have you already sent out tokens yet from PreSale ?

[cryptodalailama]

Crowdsale begins on 16 January at 13:00 UTC

only 2 days guys


Preppare ETH engines 

[cryptodalailama]

Interesting GAS  and GWEI


Transactions on the Ethereum network require fees in the form of gas. The amount of gas depends on the amount of computation required to complete the transaction.

Gas Limit is the maximum amount of gas allotted to the transaction, 21000 being sufficient for simple transfers and much higher amounts for transfers to smart contracts like those in ICOs.

Insufficient gas in the Gas Limit will result in a failed transaction, the fee paid will be lost, but the ether transferred never leaves the wallet since the blockchain was never updated.

Gas Price is the price of each gas unit measured in a fractional amount of ether, typically gwei. Gas price varies, but 20-30 gwei is average as of writing this.

Current Gas Price can be checked online ( Etherscan or EthGasStation ), and the Gas Limit for things other than simple transfers can only be known by looking at the smart contract code or by looking at what the organization behind the ICO / smart contract says is appropriate for their smart contract.

Understanding how gas works is crucial for Ethereum users interested in participating in ICOs, using smart contracts, and even making simple transfers between wallets. In this post, I hope to explain what gas is and how it works. Skip to the end for a simple summary of things. To start off, we need to understand some basics about the Ethereum Virtual Machine.

Ethereum Virtual Machine and Gas
The Ethereum Virtual Machine (EVM) is a major part of the Ethereum ecosystem, but I'll be heavily glossing over this so we can focus on how it relates to gas. In short, the EVM is an environment where arbitrary code of smart contracts and other operations can be executed. Every node in the Ethereum network executes operations within the EVM to ensure redundantly correct execution and relies on consensus to agree on the answer.

All transactions, from simple transfers to ICO smart contracts, require some amount of operations to perform. Each of these operations has an associated cost in gas. Thus, simple transactions like transfers will require less gas to perform than more intense smart contracts.

For example, a simple operation like if(var > 1) may cost 1 gas, but a more complex operation to store a variable could cost 100 gas. The cumulative sum of all the operations is the total gas cost for the transaction.

Gas Limit
When on a site like MyEtherWallet, you're going to see a field called Gas Limit. This corresponds the the MAXIMUM amount of gas you are willing to spend on the transaction.

Important to note:

Different types of transactions will require different amounts of gas to complete
Providing too little gas will result in a failed transaction, the fees are kept by the miner
Extra, unspent gas is refunded automatically
What happens if I specify too little gas?
Your transaction will start to be executed, but will eventually run out of gas and be stopped. When this happens, you will not get back ether spend on the gas used, but since the transaction did not complete, the blockchain does not reflect a transfer, so the main funds essentially never left the wallet.

So I should always specify a large gas limit since I'll be refunded?
No. The minimum gas limit for transaction is 21000 + the amount to execute any fallback functions if it's sent to a contract, but the actual blocks also have a gas limit that specifies the maximum amount of gas all transactions in the block can consume. This is comparable to Bitcoin's block size in bytes, but ether miners have the option to increase or decrease the gas limit of blocks so that they are propagated quickly. You cannot exceed this amount if you wish for your transaction to be processed. Also, miners only get paid for the actual gas consumed by a transaction, so putting a high value for the gas limit fills up the block gas limit, but isn't computationally-dense enough for miners to want.

Gas Price
Gas price is the amount of ether you are willing to spend on every unit of gas. Yes, you determine the price of gas AND maximum amount of gas you want to spend on performing a transaction on the Ethereum network. Although gas limit is just a simple quantity, gas price is measured in ether (specifically some amount of wei, usually gwei). The value of gas is driven by the market and the nodes that prioritize higher gas prices when mining transactions. The current gas price can be seen on Etherscan or EthGasStation. As I mentioned, gas price is usually some amount of gwei.

[masstahcoiner]

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[hrbtzor]

[HOW TO CONTRIBUTE] Step-by-step Guide for Contributing in InsurePal Crowdsale

We prepared a detailed guide with pictures, that will help you to execute your contribution in InsurePal crowdsale.

WARNING: PLEASE FOLLOW THE STEPS AND INSTRUCTIONS CAREFULLY IN ORDER THAT YOU WILL BE ABLE TO SAFELY PARTICIPATE IN THE IPL TOKEN CROWDSALE. Missing a simple step might result in you not being able to participate or in the worst-case scenario even in you losing your investment.

Major steps for your safe investment:
1. Open a private Ethereum Wallet
2. Acquire Ethereum
3. Transact Ethereum to your private Ethereum Wallet
4. Register and pass the KYC process
5. Contribute


READ MORE HERE and remember - security is FIRST

https://medium.com/insurepal-blog/full-step-by-step-guide-for-contributing-in-insurepal-crowdsale-76bcb0c48724

[matjazsircelj]

Have you already sent out tokens yet from PreSale ?

Tokens will be released after crowdsale.

[cryptodalailama]

All IPL tokens will be available for purchase with ETH. Base token price will be set to $0,10. The exchange rate will be locked based on January 16 market exchange rate and will be valid for the entire time of the token crowdsale. Prior the token crowdsale whitelisting is available by invitation. A maximum 70% of all the IPL tokens can be sold during this period.

Read up more about Crowdsale for the last 30% IPL tokens left


https://insurepal.io/crowdsale

[jets567]

Hi guys? do you have bounty campaign for this?

[rushie_8]

Info about Gas
For each transaction on the Ethereum Network, a small fee (Gas) must be deducted from your Ethereum wallet. Gas is calculated as Gas limit * Gas Price. In times of the network congestion, when the number of transactions, waiting to be confirmed, is very high, only transactions with high total gas will be quickly confirmed, others will be pending. In extreme cases, transactions can be pending up to several hours or even days. You can greatly influence on the speed of your transaction’s confirmation with raising the Gas price. You will find a slider in a top-right corner of the webpage.


Few words about gas if you want the transaction to be quicker. Also check https://ethgasstation.info/

[SeanL9941]

What will happen if your ICO will not reach hard cap?

[AyiSha#7]

What will happen if your ICO will not reach hard cap?

Nothing. Soft cap is already reached and its the most important. Hard cap = max, soft cap = min
If soft cap is reached it means project is successful