|Mkt.Cap||$ 115,923.00||Volume 24H||1,120.00IPL|
|Market share||0%||Total Supply||300 MIPL|
|Proof type||N/A||Open||$ 0.0004|
|Low||$ 0.0004||High||$ 0.0006|
Initially, Tokens balances will not appear, you must click on “Load Tokens” button to analyze your Token balances. If IPL Balance still doesn’t appear, you will have to “Add Custom Token”, where you will have to provide an address on IPL Smart Contract, that will be available on the InsurePal website. The development of InsurePal platform core begins. Social proof insurance patent protection is filed in US and worldwide.
On the flipside, what has been the most painful, or perhaps the most regretful decision you’ve made with InsurePal?
No crypto news related to IPL found, if you're aware of anything related to InsurePal, please let us know. VouchForMe reached its highest price on 21 January, 2018, when it was trading at its all-time high of $ 0.438694.
InsurePal is goint to be a next generation of peer-to-peer insurance based on social proof endorsements, fully harnessing the power of blockchain innovation. As we have known each other for a long time, we decided to cooperate on finding an effective and agile solution for the insurance industry which is stubbornly resisting to change. We´ve designed an accurate mathematical model, calibrated on a real motor market data which proved us that the top 1% of the safest drivers overpay their insurance for a whopping 80% and the top 10% overpay for 70%. All this data served us as a confirmation that it`s time for a change, which we started with InsurePal social proof insurance on blockchain. Using a blockchain structure, and utilizing the unique capabilities of a decentralized trustless network, InsurePal aims to help identify a global community of low-risk clients.
InsurePal embeds social proof in form of financial commitment. The endorser who financially guarantees for someone has to use its own diligence when providing the guarantee to at the risk of losing their money. Through such endorsements, the network in whole becomes more risk aware. The platform will work as an dAPP for B2C customers and as a service for B2B partners that will resell social proof insurance by using InsurePal solution. As you can see in the news, the whole crypto economy is experiencing downtrend.
So it's best to be patient, and as for platform launch, we are working on a car insurance pilot project that will launch later this year. Exact information will be available through our announcements, please follow our community channels, Telegram and social media. An interview with InsurePal CEO Matt Peterman, talking about Social Proofing Insurance, Blockchain and helping us connect to a worldwide audience. Last week we have commenced discussions with first real customer in Russia for piloting our social proof for automotive insurance purposes. This follows additional 11 companies both from mainstream insurance space and from new tech.
Through such endorsements and guarantees, the network in whole becomes more risk aware, consequently inducing a change of people’s behavior. InsurePal team combines best of both worlds – industry professionals with years of experience and dedicated blockchain experts with a track-record of successful crypto projects. By becoming an early adopter of blockchain technology, InsurePal can gain an important advantage. We’ve successfully reinvented the social proof methodology for insurance industry.
IPL price historical chart
We obtain MGA insurance license for UK market and start with UK pilot project. Platform is further developed and new social proof modules are integrated, ready to be used by third-parties. Extensive legal and regulatory preparations to obtain the EU passport license begin. InsurePal token (IPL) is an ERC-20 token that will be used as the medium of exchange within the platform.
To prevent unfair competition, it is at large subjected to tight regulation and unified standards. For that, we make it our imperative that InsurePal abides with all the regulatory requirements. This way our policyholders can always rely they are safe and covered. IPL token will be the fuel of InsurePal platform, used by clients and 3rd-parties worldwide.
The platform will use different means to incentivize participants and make the tokens available to a broad audience. All content provided by the site, hyperlinks, related applications, forums, blogs, social networks and other information is taken from third-party sources and is intended for reference only. We make no warranties with respect to our content, including but not limited to accuracy and timeliness.
This product enables insurance companies to comply with GDPR, which is will become a law in EU May 2018 and defines how insurance companies can store and use consumer’s data. In the case of InsurePal, the insurance part came first. But, when we thought of the appropriate solution for the implementation of social proofing, blockchain seemed a perfect fit.
Beyond your strategic partnership with a smart-contract legal-tech firm, do you have any other partnerships in the offing that you would like to talk about?
So, our goal and also a challenge is to bridge the non-crypto with the crypto world and make the latter a safer and friendlier place for the end-users. The mechanism of social proof is applicable to different types of the already existing insurance, and at the same time enables us to become pioneers in creating niche insurance solutions, brought-about with the blockchain innovation. Vouchforme is a next generation of peer-to-peer insurance based on social proof endorsements, fully harnessing the power of Blockchain innovation. VouchForMe is a next generation of peer-to-peer insurance based on social proof endorsements, fully harnessing the power of Blockchain technology.
- Insurance play a vital role in society and its proper function is imperative.
- Social proof is a natural, in-built mechanism within all of us, representing people`s moral compass.
- All content provided by the site, hyperlinks, related applications, forums, blogs, social networks and other information is taken from third-party sources and is intended for reference only.
- This follows additional 11 companies both from mainstream insurance space and from new tech.
- The tokenizing property will allow InsurePal to uniquely identify insurance assets and transform the information to other types of businesses via a digital record, containing information about one’s social proof.
Support and resistance trendlines in the cryptocurrency market
No part of the content we provide is financial advice, legal advice or any other form of advice intended for any of your personal purpose. Any use of our content is entirely at your own risk. You should conduct your own research, review, analysis and verification of our content before relying on them. Trading is a very risky activity that can lead to large losses, so consult your financial Advisor before making any decision. No content on our site is a public offer or invitation to action.
Actually, most of them are related to the community response. We reached more than 895 million people with our online and media presence. I am just honoured and happy that the customers understand and approve the social proof insurance business model.
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.
Founders pitch the idea in Silicon Valley but refuse several million offer to be able to develop InsurePal on their own terms. This is the first time we have successfully reinvented the social proof for insurance industry. Insurance play a vital role in society and its proper function is imperative.
As promised , we are deep into the operational activity in the UK and recently established a dialog with a few insurance companies in the UK. An office has been established in the UK and the product is being fine tuned. InsurePal aims to disrupt the actual insurers' model by providing a platform to register insurance for blockchain transactions, vehicles, property, life and health with endorsements from the social network. The platform core mechanism enables InsurePal clients to endorse each other in order to obtain a discount on their insurance premium. The endorsement has to be backed by a financial guarantee from the endorser.
Social proof is a self-regulating psychological phenomenon, which allows InsurePal to nurture a scheme of lower-risk individuals, consequently decreasing their premiums significantly. Diligent and responsible people can join InsurePal and can stop overpaying premiums for non-responsible people. In order to acquire IPL Tokens on Whitelist pre-sale or Crowdsale, you will be able to contribute Ethereum Cryptocurrency only. Sending other cryptocurrencies (Bitcoin — BTC, Litecoin — LTC etc.) at the process of contributing will result in a permanent loss due to technical limitations of the process. The methodology, viability assessment and a legal review of the project are developed.
What is even more important is that our agile insurance platform will be able to enter a number of areas which large insurance companies don`t want to or even don`t know how to cover. This, in fact, means we`ll be the first serious player on the global market to offer solutions for business on the blockchain. And we know that the crypto economy is on the rise. By concluding strategic partnerships, we are actually setting the pillars of this alternative economy. This will accelerate the trading activities in this field and attract more and more individuals.
VouchForMe InsurePal Technical
Social proof is a natural, in-built mechanism within all of us, representing people`s moral compass. In other words, people reference the behavior of others to guide their own behavior. Through such endorsements and guarantees, the network in whole becomes more risk aware, consequently inducing a change of people's behavior. We've successfully reinvented the social proof methodology for insurance industry. The approach has been filed for patent protection in the US and worldwide.
For each new insurance premium conducted via InsurePal platform, the IPL token will be used. The tokenizing property will allow InsurePal to uniquely identify insurance assets and transform the information to other types of businesses via a digital record, containing information about one’s social proof. Doing so, we tend to deepen the community’s confidence in blockchain transactions and operations, and thus strengthening the growth and expansion of an emerging distributed economy.
InsurePal is a new entrant in the insurtech blockchain space. Its founders hope to become the internet of insurance.
Several recent successful projects in the blockchain space confirmed this is the right way of ramping up products and, we also have some “secret ingredients” to speed up the process itself. InsurePal aims to become a first-of-a-kind blockchain-based decentralized insurance platform powered by social proof guarantee. InsurePal is a next generation of peer-to-peer insurance based on social proof endorsements, fully harnessing the power of blockchain innovation. The innovative approach has been filed for patent protection in US and worldwide. Social proof is an in-built mechanism within all of us, representing people`s moral compass.