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

[PatelKartel]

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

If you already have fulfilled any of these steps (when investing in cryptocurrencies before), you of course just do remaining steps to closeup the investment.

Disclaimer: All instructions and steps are based on best practices on security and ease of use. There are several other approaches and solutions, that are not appropriate for users without advanced knowledge on the blockchain technology and software.

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

[tippytoes]

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

Nice to know that IPL project reached their soft cap already. Congrats and good luck to the team!

[geoneojapan]

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

If you already have fulfilled any of these steps (when investing in cryptocurrencies before), you of course just do remaining steps to closeup the investment.

Disclaimer: All instructions and steps are based on best practices on security and ease of use. There are several other approaches and solutions, that are not appropriate for users without advanced knowledge on the blockchain technology and software.

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

this is very important article for successfull investment

[hrbt]

Interesting reading


The mechanism of social proof is applicable to different types of insurance and allows 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 establish the trust among all the stakeholders and greatly accelerate the quality and quantity of all future blockchain business transactions.

Safe drivers can finally stop paying for the mistakes of bad drivers. All you need to do is to find a trusted endorser who will guarantee for your exemplary behavior. This person will also be financially responsible only if you cause damage by your own fault. For making social proof endorsement, your friend will receive an immediate incentive, whereas you`ll end up with a considerable premium discount.

John is a responsible, diligent driver who hasn’t had an accident in years. But, the price of John`s insurance is $1000 per year. He feels bad for overpaying for his mandatory car insurance. He finds out about InsurePal insurance, which offers him an upfront saving of $400 on his car insurance. Everything he needs to do is to find an endorser who will guarantee for his good driving record. He immediately thinks of his friend Mary and sends her an invite, whilst also explaining her the idea behind the new insurance. Mary guarantees for John with a credit card and immediately receives an upfront reward $100 worth of IPL tokens. This token transaction also contains the social proof information. When Mary enters her credit card data, she exposes herself to a potential payment of $550 ($400 of John’s savings, $100 of her cash-back bonus and $50 of penalties). It is important to note that Mary’s credit card will only be charged in case John files an at fault claim within the next year. In other words, if there is no claim, John paid only $600 for his insurance and Mary got $100 of IPL tokens, which she can sell on an exchange and spend or keep as an investment. John can find more endorser to further reduce his insurance price and at the same time promote InsurePal, helping the product to grow virally. And because John understands the benefits of InsurePal, he will also be willing to endorse Mary who is safe driver as well, when her car insurance policy will be due.

Social proof is a form of financial commitment, backing up your credibility with third-party endorsement. As InsurePal social proof network will exponentially expand, it will allow you to give and receive multiple endorsements, providing the community with a valuable Social Proof Trustscore, a real-time average value directly reflecting one`s diligence and business background.

https://insurepal.io/crowdsale

[Crypto_maniac7]

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

some tips 

[ole1]

Less then a two days.. cant wait 

[bjcd]

How can I consult my data and wallet address after my KYC was approved? Please help!

[cryptoworld2017]

W0W

9000 people on Insurepal telegram

CRAZY big community 

https://t.me/InsurePal

[xiao2017]

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.

Great explain!

[matjazsircelj]

How can I consult my data and wallet address after my KYC was approved? Please help!

Hi, you can send an email to kyc (at) insurepal.io to check or change your wallet address.

[CypherOG]

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.


BE AWARE OF SCAMS !!! https://medium.com/insurepal-blog/get-ready-for-insurepal-crowdsale-9fe35891498d

[CryptoCADCAM]

InsurePal Welcomes Bitcoin Pioneer Charlie Shrem and the Crypto IQ As Advisors
Charlie Shrem joined InsurePal as business development advisor right before the end of 2017. His rich entrepreneur experience in managing crypto and non-crypto companies will serve as an important guidance to developing InsurePal social proof platform for mass adoption.
With Charlie you can always know ICO is goin to be big from start or in future.

[Chevy_REP]

Get redy for crowdsale to best ICO in 2018. https://insurepal.io/crowdsale  read all and prepare our ETH

[FoxSilver]

W0W

9000 people on Insurepal telegram

CRAZY big community 

https://t.me/InsurePal

Big gr8 community, crowdsale will end in few mins!
I am sure 10k people will be on Telegram before ICO. 

[btckorea1337]

On which block will crowdsale start?

[masstahcoiner]

W0W

9000 people on Insurepal telegram

CRAZY big community 

https://t.me/InsurePal

Big gr8 community, crowdsale will end in few mins!
I am sure 10k people will be on Telegram before ICO. 

it will be EPIC battle for the rest of 30$ IPL tokens

[Daddy33]

W0W

9000 people on Insurepal telegram

CRAZY big community 

https://t.me/InsurePal

Big gr8 community, crowdsale will end in few mins!
I am sure 10k people will be on Telegram before ICO. 

it will be EPIC battle for the rest of 30$ IPL tokens

30$ what? You mean 6 million $. 

Which wallet do you guys will use to send ETH?

[Daddy33]

On which block will crowdsale start?

And after timer ran out do we will see the address and can send it immediately or will there be a block number and we must wait a little bit?

[cryptodalailama]

Crowdsale begins on 16 January at 13:00 UTC

don't miss 

[matjazsircelj]

On which block will crowdsale start?

And after timer ran out do we will see the address and can send it immediately or will there be a block number and we must wait a little bit?

We'll have information on the website in time before the crowdsale and announcements in Telegram group. Also, check this blog to get ready https://medium.com/insurepal-blog/get-ready-for-insurepal-crowdsale-9fe35891498d