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

[vabchgent]

I've been reading about Vernam and i like the project, but does anybody know when will beta be out and will we be able to test it?

Well according to some articles it should be out by the end of the year and hopefully we will be able to test it.You already have an alpha prototype available, you can check it out here on this link:

http://92.247.94.82:7771/mvp/#!/

As always though I think investors and potential users should also calculate in some delays as they often happen in software development.

Exactly, patience is a virtue especially in IT sector and software development.Sometimes it takes time to make things right and test it so the end users get a proper product and not something half done with tons of bugs.

The thing is that people always want the product fast and if it has bugs they cry. And if they don't get the product fast they also cry

To sum it up,people cry,and its hard to please them

But im sure Vernam will do its best!

That's the right summary Most people lack a realistic sense it seems to me. Always these unrealistic expectations.

[BestdruidEU]

Where is your team located,do you have headquarters where most of the team is?

Yeah, not sure either, most likely they are from all over the world, there are certain benefits to that after all.

What would benefits of being spread all over be in the end?

Well in that case you can look for best people all over the world.

[Kryptoking21]

Where is your team located,do you have headquarters where most of the team is?

Yeah, not sure either, most likely they are from all over the world, there are certain benefits to that after all.

What would benefits of being spread all over be in the end?

Well in that case you can look for best people all over the world.

Exactly,you can get quality people all over the world!

[Uthred]

What will be the main purpose of vernam tokens?

[Tyrannah]

Do you have any competition on the market?

There are some project that deal with insurance sector also, but none of those projects has approach similar to Vernam.

Any of them out yet?

But i guess insurance market is highly competitive,and that will benefit us,users.

[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?

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.

That's the way you see it and the way you see it probably makes a lot of sense. Those insurance companies going first would even have some first mover advantage.

As Delboy say -There you go , you know it makes sense

It is still interesting though what the world will turn into. We have all these ideas about decentralization and zero cost solutions, but how close will we really get to these ideals everybody now has in mind?

From our point of view - meaning "now"- this day it looks like a far future because of the way the world works and how people think, but that might drasticly change in a heartbeat, you just need a catalyst and all of this might be knocking on everyone's doorstep in few years.

Technological breakthroughs will accelerate the process. If we have better blockchain technology with instant speed and zero fees that's when people will get excited.

[Gwiazdooka]

Do you plan any kid of holding/staking program after end of sale,some incentive for people to keep their tokens,and therefore increase value?

[Endimyon]

Do you have any competition on the market?

There are some project that deal with insurance sector also, but none of those projects has approach similar to Vernam.

Any of them out yet?

But i guess insurance market is highly competitive,and that will benefit us,users.

Exactly the more competition there is, better for end user for sure as they all have to compete for us in the end and Vernam has best incentives for the end users.

[Cepane11ka]

How is it going your crowd sale? Do you plan to share results of the sales? I couldn't find anything

Soft cap has been reached and we are around 1/10 of the hard cap already.

[TreborHead]

Do you plan any kid of holding/staking program after end of sale,some incentive for people to keep their tokens,and therefore increase value?

It would be nice to be able to stake and gain some more that way.How would that work with this kind of project though?

[KureBabino]

What will be the main purpose of vernam tokens?

Well 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.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.

[Kuksi]

Do you plan any kid of holding/staking program after end of sale,some incentive for people to keep their tokens,and therefore increase value?

It would be nice to be able to stake and gain some more that way.How would that work with this kind of project though?

I think staking would go nicely with this project as every insurance bought would be denominated in VRN and that would make sense perfectly.

[bagas79]

By carrying the concept of insurance, this must be very promising and good for the future. Because the Vernam project definitely provides convenience for insurance that runs on Blockchain. Good luck

[Kryptoking21]

Do you plan any kid of holding/staking program after end of sale,some incentive for people to keep their tokens,and therefore increase value?

It would be nice to be able to stake and gain some more that way.How would that work with this kind of project though?

I think staking would go nicely with this project as every insurance bought would be denominated in VRN and that would make sense perfectly.

Yeah,most projects have some kind of staking system,and it helps with the price.

[Goldigger456]

How experienced is your team,what are some other projects that you worked on before Vernam?

[Kuksi]

How experienced is your team,what are some other projects that you worked on before Vernam?

They heave really good and experienced people in the team.You can check them out on their website under team section.

[Inmytree]

When is mobile app suppose to come out? Is it towards the end of the year or?

[HiLander]

When is mobile app suppose to come out? Is it towards the end of the year or?

Is it going to be both iOS and Android at the same time?

[JeffTheMan]

When is mobile app suppose to come out? Is it towards the end of the year or?

I think it won't be ready this year, most likely in 2019 we can expect the app to be out.First we need to get listed on some exchange after ICO ends and then roll from there.

[HulioIglesias]

When is mobile app suppose to come out? Is it towards the end of the year or?

I think it won't be ready this year, most likely in 2019 we can expect the app to be out.First we need to get listed on some exchange after ICO ends and then roll from there.

You are right, according to roadmap, mobile app should be launched in Q2 2019., so it will take some time, but Vernam platform should start testing and be ready to launch towards the end of 2018 which is great news