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

[lexixon]

New activity on Insurepal Twitter

well done team

i am sure when new will be out it will be huge rise

http://preview.ibb.co/eMdyS7/f.jpg

I follow them on Twitter and yeah they were probably focusing on the programming of the platform now.. but we see new activity and whoaaa tottaly awesome guys.

Looks super nice, agreed!

[CypherOG]

New activity on Insurepal Twitter

well done team

i am sure when new will be out it will be huge rise

I follow them on Twitter and yeah they were probably focusing on the programming of the platform now.. but we see new activity and whoaaa tottaly awesome guys.

Looks super nice, agreed!

We also see some movement in price despite ETH prices ! GOOO IPL !"

[CryptoWork007]

InsurePal is a next generation of peer-to-peer insurance based on social proof endorsements, 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.

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.

https://insurepal.io/


Check out more

Quick explanation I like it. Like the idea of Insurance company blockchain based is the future I think.

[WhenMCLAREN]

Speaking of updated new stuff check out Twitter InsurePal:

InsurePal is a next generation of peer-to-peer insurance based on social proof endorsements, fully harnessing the power of blockchain innovation.

Vaduz, Liechtenstein
insurepal.io

Follow UP people: https://twitter.com/InsurePal_io

[PatelKartel]

If someone still needs it 

How to add IPL custom token to MEW?
Immediately after completing the InsurePal crowdsale, we have started with the IPL token distribution. Here, you can find instruction that will help you add the IPL token to your Ethereum wallet.


To add a custom InsurePal token, do the following:

Visit www.myetherwallet.com
2. Click on the “View Wallet Info”

3. Click “Add Custom token” button

4. Enter:

Contract address: 0x64CdF819d3E75Ac8eC217B3496d7cE167Be42e80
Token name: IPL
Decimals: 18

5. Click “Save”

https://medium.com/insurepal-blog/how-to-add-ipl-custom-token-to-mew-fd8240eb62e4

[genthimulne]

I will be waiting the ICO cuz it looks good,say me do you have any whitelist?

[cr1pto]

I will be waiting the ICO cuz it looks good,say me do you have any whitelist?

Lol, ICO is long over.
You can buy IPL either on Livecoin or HitBtc.
I am hopping it gets added on more exchanges

[masstahcoiner]

If someone still needs it 

How to add IPL custom token to MEW?
Immediately after completing the InsurePal crowdsale, we have started with the IPL token distribution. Here, you can find instruction that will help you add the IPL token to your Ethereum wallet.


To add a custom InsurePal token, do the following:

Visit www.myetherwallet.com
2. Click on the “View Wallet Info”

3. Click “Add Custom token” button

4. Enter:

Contract address: 0x64CdF819d3E75Ac8eC217B3496d7cE167Be42e80
Token name: IPL
Decimals: 18

5. Click “Save”

thanks mate

i bought more ipl on livecoin and must now put on cold for few years

https://medium.com/insurepal-blog/how-to-add-ipl-custom-token-to-mew-fd8240eb62e4

[hrbt]

If you understand those 3 things

you will understand that Insurepal will be BIG


SOCIAL PROOF

Social proof is an in-built mechanism within all of us, representing people`s moral compass. 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, the network in whole becomes more risk aware.

▄▄
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.

▄▄
BUILDING THE INTERNET OF INSURANCE

The future of blockchain is identity without authority. The crypto is expanding from digital trading to something that will become a parallel economy, constituting fundamental changes. The mass adaptation of digital currencies of is just around the corner, and the need for blockchain identity and transaction regulation will soon arise. For that, InsurePal is making important strategic partnerships already today to build the three basic pillars of future business that will help grow confidence among trustees and speed up their business operations on the blockchain.

[masstahcoiner]

Positive news

Insurepal is Liechtenstein based company!


There’s promising news from European regulators as Liechtenstein announces that they’ll be taking a light-handed approach when it comes to blockchain technology.

Liechtenstein is one of many small European nations establishing itself as a blockchain hub over recent years. With a population of just 40,000 people, Liechtenstein is the sixth smallest country in the world and is home to more businesses than actual citizens due to the low tax rate. Liechtenstein is particularly attractive to blockchain businesses due to the extreme ease with which they can set up – it’s not necessary to open a bank account to start a company, and the whole process can be handled with Ethereum or Bitcoin following the country’s leading financial institution Bank Frick accepting cryptocurrency directly. Aeternity blockchain creator Yanislav Malahov recently set up shop in Liechtenstein, telling Forbes “they’re making it really easy to incorporate a cryptocurrency business”.

Crown Prince Alois is even interested in using blockchain for administrative government uses as well as stating his family’s interest in cryptocurrency investment, among the richest royal families in Europe. With all that in mind, it’s no surprise that the nation is planning to take it very easy on blockchain regulation in their upcoming legislation known simply as “The Blockchain Act”.

Prime Minister Adrian Hasler states that far from simply regulating the spending, tax, and issuance of cryptocurrency, the law aims to “provide the necessary legal framework for a wide range of new services and business models relating to these technologies”, saying that it “goes much further than the blockchain legislation of other countries” in his speech at a Finance Forum in late March.

Liechtenstein is one of many small nations punching above their weight in the blockchain space, perhaps capitalizing on the inherently slower regulatory efforts made by larger countries. Switzerland is another rising blockchain hub with cryptocurrency adoption widespread in cities like Zug, while the Prime Minister of Malta personally welcomed the proposed relocation of Binance HQ to their small island, while announcing his support for blockchain technology and calling on other EU leaders to join him “on the frontline in embracing this crucial innovation” and create the “Bitcoin continent of Europe”.

Liechtenstein certainly appear to be among those answering the call, with their Financial Market Supervisory Authority at the helm officially processing over 100 blockchain and cryptocurrency-related enquiries so far in their effort to establish themselves as a leading nation in blockchain innovation.

[xiao2017]

Vinay Gupta with 26k followers on Twitter  a LEGEND!

About Insurepal

[diomiobadass]

Join Insurepal - many big talks

https://t.me/InsurePal

[PatelKartel]

There is a new conference in London right ? Will InsurePal be there ?

[hrbt]

Check Lightpaper

https://www.insurepal.io/InsurePal_lightpaper.pdf


You will see the point again 

[masstahcoiner]

Internet 4.0 is comming


Insurepal will cover Insurance field


BUILDING THE INTERNET OF INSURANCE

The future of blockchain is identity without authority. The crypto is expanding from digital trading to something that will become a parallel economy, constituting fundamental changes. The mass adaptation of digital currencies of is just around the corner, and the need for blockchain identity and transaction regulation will soon arise. For that, InsurePal is making important strategic partnerships already today to build the three basic pillars of future business that will help grow confidence among trustees and speed up their business operations on the blockchain.


www.insurepal.io

[geoneojapan]

I just bought today for 1 BTC of IPL

Friend of mine told me that Insurepal team is making positive  agreements

[hrbtzor]

Interesting stuff

B2C
InsurePal will provide a customer-centric experience, allowing the users to easily navigate through the process and obtain the most favorable insurance premium via their mobile device dAPP.

B2B
The InsurePal platform will act as a glob al provider of various insurance modules based on social proof mechanics. That way all interested third-parties will be able to use the platform as stand-alone providers by paying a predetermined fee.

[EthblockKing]

What happened with this project....no news...are they alive?
Please give us some info
Thanks

[hrbt]

Some friend from UK told me that Insurepal team have a  few  follow ups with a high profile UK insuretech people

we will see 

[geoneojapan]

Wide usage of IPL token there will be in few years!


IPL tokens will be used:

1. FOR INSURANCE OF BLOCKCHAIN BUSINESS TRANSACTIONS
This type of insurance will be conducted in IPL tokens solely. The incentives for the endorsers will be paid in IPL tokens as well, whereas their guarantee can be done with other means as well. All fees coming from the side of possible participating insurance companies and other third-parties will have to be paid with IPL tokens too.

2. AS AN INSURANCE PREMIUM BONUS
To obtain new insurance, the insured will have to upload a photo of their existing insurance policy so that InsurePal can calculate a discount. Doing so, every client will receive a specific number of IPL token (20% less for a cash discount), growing proportionally with the number of endorsements received.

3. AS AN UPFRONT INCENTIVE
For each new social proof guarantee, the endorser will receive an incentive in local fiat currency or in IPL tokens. The endorser will be able to sell the IPL tokens immediately, speculate and wait for an even higher market value or save them to buy/renew their insurance policy in the future or to pay some services at shops where they will accept IPL.

4. AS CREDIT SCORE AND SOCIAL PROOF SCORE
Social proof endorsers will be able to make the guarantee with the credit card or via a smart contract. Their social proof guarantee will consist of relevant information on the client (the insurance holder) and will serve to them as a credit report. If several endorsers will guarantee for the same person, their credit score will proportionally increase in value. In parallel to token transactions, these information will be stored in the general ledger being partially encrypted and partially public. The encrypted part will only be disclosed publically if its holder approves.

5. AS A SOCIAL PROOF IDENTITY
The clients holding IPL will be able to identify themselves within the InsurePal Community. In the long run, they will be able to sell their own social proof guarantee without revealing their identity to institutions or reinsurers in order to get the guarantee and a proportionate share of their insurance premium.

6. AS CLAIMS ADJUSTMENT
In the future, the InsurePal may appoint some members of their InsurePal community to process and report on the claims, a service that will have a financial incentive. Claims which will go beyond an agreed threshold (exact amount to be decided) will be decided by professional claims adjusters who will report their recommendations to InsurePal before informing the client. In essence, there will be no need for an insurance company involvement as everything will be settled by the community on the bases of blockchain and smart contracts.