[ANN][ICO]⚡Vernam- The World's 1st 0% commission insurance ⚡ [SOFT CAP REACHED]

[Cepane11ka]

We present you with the Vernam vlog! This is a series of live studio shows in which we will present important members of the team. They will discuss the Vernam project, the insurance industry, the campaign development.
The talks will be moderated by our beautiful host Gerry. Today we start with the first episode of the Vernam vlog in which Gerry is discussing the project with co-founders Roman and Dimitar.

https://s9.postimg.cc/4o2khqsqn/1_ZO6_J_XRfb_KQfch_XEEplko_Q.jpg

You can still buy VRN tokens with 20% discount
Until 23.05 you have chance to buy VRN tokens with 20% discount.
We have fixed the ETH price at $800 in our smart contract, which is higher than the market price at the moment, so you can consider it as additional bonus.
And you know what’s best about it? The tokens we will be selling from now on will have no vesting period.
Bring your friends and get 5% bonus
We decided to introduce a referral system to our PreSale. In your dashboard you can see a unique referral link you can send to your friends and fellow investors.

Great stuff.Nice to see team letting people get to know them and explaining ins and outs of the project to interested people.Keep up the good work

[1713978926]

1713978926

[1713978926]

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[KureBabino]

How much of the token suppl will be left for the team? Will we be able to see those wallets publicly?

From what I remember they will save 15% of token supply for the team to use it to rebuy VRN from exchanges later in future and then buy insurance policies with those VRN to keep the supply and demand in balance and helping to keep VRN price stable that way.

Those team tokens will be locked?

Yeah token will be locked for 6 months during pre ico and those during ico won't be locked as there is no bonus.

So all tokens that are sold in pre ico will be locked?

Yeah, for 6 months and those in ICO won't be locked since there is no bonus in ICO.This goes only for bonus tokens I believe.I wa not clear in previous response it seems.

[Departure]

Vernam in studio: Watch the co-founders in our vlog

This is a series of live studio shows in which we will present important members of the team. They will discuss the Vernam project, the insurance industry, the campaign development.

https://medium.com/@vernam.official/vernam-in-studio-watch-the-co-founders-in-our-vlog-1d6c350ecf76

[JeffTheMan]

If there is no commision, how you plan to earn money?

Technologically, Vernam is decentralized online platform, based on blockchain technology which creates the right conditions for clients and insurance providers to do business in an easy, safe and cost-efficient way. Besides the platform itself, a proprietary off-chain market place will use the Vernam token (VRN) — an Ethereum-based ERC 20 standard crypto token — to take full advantage of the platform’s functionality.
In other words, when a contract between a client and an insurance provider is signed on Vernam, it will be denominated in VRN. Since there is no broker mediation, the standard broker’s commission (15–25%) will be awarded to the client in the form of VRN. The Client can choose to exchange the VRN for fiat money or to keep it and later purchase a new insurance with a significant discount.
The system will offer special type of smart contracts, guaranteeing that when a defined set of events occurs, the client will automatically be compensated with a certain amount of VRN’s. This will make Vernam the game changer who dared to digitalize the insurance market! Vernam will also be the safest and the cheapest tool to purchase insurance.

Thank you for explaining, this was going through my head recently also.Good to see that it is well thought system with great incentives that can be sustainable.

[Endimyon]

Vernam in studio: Watch the co-founders in our vlog

This is a series of live studio shows in which we will present important members of the team. They will discuss the Vernam project, the insurance industry, the campaign development.

https://medium.com/@vernam.official/vernam-in-studio-watch-the-co-founders-in-our-vlog-1d6c350ecf76

Great article and good to see team being more interactive and starting a series of informative vlogs like this.Will be nice to see how much people will this way of presenting the project bring to the table.

[HiLander]

Which wallet do I need to receive VRN tokens? Will you create a wallet where we can store VRN?

You will need ERC-20 compatible wallet, similar to MEW(My Ether Wallet). Please do not use exchange wallets, similar to Coinbase.

Thanks for taking the time to explain, wasn't sure if I can send from exchange.So is using Metamask ok or does it have to be MEW?

[PuryLock]

How much of the token suppl will be left for the team? Will we be able to see those wallets publicly?

From what I remember they will save 15% of token supply for the team to use it to rebuy VRN from exchanges later in future and then buy insurance policies with those VRN to keep the supply and demand in balance and helping to keep VRN price stable that way.

Those team tokens will be locked?

Yeah token will be locked for 6 months during pre ico and those during ico won't be locked as there is no bonus.

So all tokens that are sold in pre ico will be locked?

Yeah, for 6 months and those in ICO won't be locked since there is no bonus in ICO.This goes only for bonus tokens I believe.I wa not clear in previous response it seems.

No bonus in ico at all? Seems kinda weird to be honest.

[Cepane11ka]

How much of the token suppl will be left for the team? Will we be able to see those wallets publicly?

From what I remember they will save 15% of token supply for the team to use it to rebuy VRN from exchanges later in future and then buy insurance policies with those VRN to keep the supply and demand in balance and helping to keep VRN price stable that way.

Those team tokens will be locked?

Yeah token will be locked for 6 months during pre ico and those during ico won't be locked as there is no bonus.

So all tokens that are sold in pre ico will be locked?

Yeah, for 6 months and those in ICO won't be locked since there is no bonus in ICO.This goes only for bonus tokens I believe.I wa not clear in previous response it seems.

No bonus in ico at all? Seems kinda weird to be honest.

Well it should be fine since there are really good bonuses in presale, but I agree would be nice to have some bonuses in ICO maybe?

[Noruka]

Could you give information about private sale and What benefits are there to holders of the tokens?

Holders of the token will be able to buy 0% commission insurance products when we launch our platform. Because of our token price growth mechanism, we believe that the VRN token price will only go up after the crowdsale, so holding it will be a good long term strategy.

What role does the commission actually play? It doesn't necessarily mean that prices will decrease, does it? If an insurance charges me 95X (price insurance) + 5X (price commission), it is the same as if they charge me 100X (price insurance). How can we be sure that price will decrease?

The cost of the insurance policy is 100X, irrespective of whether or not there is a broker or it is directly insurer. When there is a broker the insurance company pays him a commission of approximately 5-25% from the total value of the policy. What we will do is return that percentage back to the customers in the form of VRN tokens. (Every of our future clients will be able to easily compare the price that we will offer with that of the brokers on entire equal terms (same insurance value,same product, same insurer) So we can safely say that the insurance prices for our users will decrease sensibly.

Thank you for the explanation. So the main thing you do here is replace the broker and distribute those former costs as a payout to users? Why should insurers pick you over brokers if they don't benefit, too?

[KureBabino]

Could you give information about private sale and What benefits are there to holders of the tokens?

Holders of the token will be able to buy 0% commission insurance products when we launch our platform. Because of our token price growth mechanism, we believe that the VRN token price will only go up after the crowdsale, so holding it will be a good long term strategy.

What role does the commission actually play? It doesn't necessarily mean that prices will decrease, does it? If an insurance charges me 95X (price insurance) + 5X (price commission), it is the same as if they charge me 100X (price insurance). How can we be sure that price will decrease?

The cost of the insurance policy is 100X, irrespective of whether or not there is a broker or it is directly insurer. When there is a broker the insurance company pays him a commission of approximately 5-25% from the total value of the policy. What we will do is return that percentage back to the customers in the form of VRN tokens. (Every of our future clients will be able to easily compare the price that we will offer with that of the brokers on entire equal terms (same insurance value,same product, same insurer) So we can safely say that the insurance prices for our users will decrease sensibly.

Thank you for the explanation. So the main thing you do here is replace the broker and distribute those former costs as a payout to users? Why should insurers pick you over brokers if they don't benefit, too?

Well if Vernam offers more incentive to users then standard insurer people will want to go through Vernam and insurer benefits if he uses Vernam because he gets more customers that way That is the way I see it.

[Inmytree]

How much of the token suppl will be left for the team? Will we be able to see those wallets publicly?

From what I remember they will save 15% of token supply for the team to use it to rebuy VRN from exchanges later in future and then buy insurance policies with those VRN to keep the supply and demand in balance and helping to keep VRN price stable that way.

Those team tokens will be locked?

Yeah token will be locked for 6 months during pre ico and those during ico won't be locked as there is no bonus.

So all tokens that are sold in pre ico will be locked?

Yeah, for 6 months and those in ICO won't be locked since there is no bonus in ICO.This goes only for bonus tokens I believe.I wa not clear in previous response it seems.

No bonus in ico at all? Seems kinda weird to be honest.

Well it should be fine since there are really good bonuses in presale, but I agree would be nice to have some bonuses in ICO maybe?

Well bonuses are nice and all, but since there was so many bonuses in presale wouldn't it be counterproductive to offer even more bonuses in ICO on top of it all?

[Endimyon]

Which wallet do I need to receive VRN tokens? Will you create a wallet where we can store VRN?

You will need ERC-20 compatible wallet, similar to MEW(My Ether Wallet). Please do not use exchange wallets, similar to Coinbase.

Thanks for taking the time to explain, wasn't sure if I can send from exchange.So is using Metamask ok or does it have to be MEW?

Yeah, you can use Metamask also , no problem there.

[HiLander]

Which wallet do I need to receive VRN tokens? Will you create a wallet where we can store VRN?

You will need ERC-20 compatible wallet, similar to MEW(My Ether Wallet). Please do not use exchange wallets, similar to Coinbase.

Thanks for taking the time to explain, wasn't sure if I can send from exchange.So is using Metamask ok or does it have to be MEW?

Yeah, you can use Metamask also , no problem there.

Thanks again, I'm still learning stuff, so sometimes a bit confused with all the wallets and options available.

[Art Vandelay]

If there is no commision, how you plan to earn money?

Technologically, Vernam is decentralized online platform, based on blockchain technology which creates the right conditions for clients and insurance providers to do business in an easy, safe and cost-efficient way. Besides the platform itself, a proprietary off-chain market place will use the Vernam token (VRN) — an Ethereum-based ERC 20 standard crypto token — to take full advantage of the platform’s functionality.
In other words, when a contract between a client and an insurance provider is signed on Vernam, it will be denominated in VRN. Since there is no broker mediation, the standard broker’s commission (15–25%) will be awarded to the client in the form of VRN. The Client can choose to exchange the VRN for fiat money or to keep it and later purchase a new insurance with a significant discount.
The system will offer special type of smart contracts, guaranteeing that when a defined set of events occurs, the client will automatically be compensated with a certain amount of VRN’s. This will make Vernam the game changer who dared to digitalize the insurance market! Vernam will also be the safest and the cheapest tool to purchase insurance.

Thank you for detailed answer,i was about to ask the same thing

[Kavorka]

Which wallet do I need to receive VRN tokens? Will you create a wallet where we can store VRN?

You will need ERC-20 compatible wallet, similar to MEW(My Ether Wallet). Please do not use exchange wallets, similar to Coinbase.

Can i use ledger nano s?

[TrifonIvanov]

Vernam in studio: Watch the co-founders in our vlog

This is a series of live studio shows in which we will present important members of the team. They will discuss the Vernam project, the insurance industry, the campaign development.

https://medium.com/@vernam.official/vernam-in-studio-watch-the-co-founders-in-our-vlog-1d6c350ecf76

good read,thank you for sharing that

[BexPro]

A great market space to be addressed by Blockchain...Best of Luck team...

[Dr. Van Nostrand]

Is private sale finished?

[CillaryHlinton]

If no commision,how you plan to earn money?

[Katsouranis]

If no commision,how you plan to earn money?

Yes,i would like to know that too.What will be your main revenue stream,as running something like this will cost money.