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Insure Network ICO Details
Security Audit Company
ICO Legal Form
Republic of Korea
Insure Network is a decentralized Insurance platform powered by blockchain technology, connecting billions of citizens of Earth.
The INR token is an Ethereum-based (ERC20) cryptocurrency. It will be the medium of exchange value within the platform.
- Jee Ju: Founder & CEO.
- Paul Ambrose: Co-Founder, CFO.
- James Yoon: Co-Founder, COO.
- Konmin Lee: Co-Founder, CIO.
Insure Network ICO will begin on June 1, 2019. The ICO token supply represents 49.9% of the total token supply, so there is a total of 499,000,000 INR tokens available, for 0.10 USD each. The ICO funding cap is 47,900,000 USD and is expected to end on June 30, 2019, or when the funding cap is reached.
Token Reserve Split (50.1%):
- 25% Emergency Reserve for Collaterals;
- 12.5% Founders and Team;
- 6.5% Advisory Board, Legal Support;
- 6.1% Community & Partners.
Insure Network ICO features the following bonus structure.
Fundraising goal: 1.000.000USD
Bonus applied at Private investment stage: 100% Token price: $0.1/INR
Number of INR offered at PRIVATE Stage:
[1.000.000USD/(0.1USD/INR)]x(200%/100%) = 20.000.000INR 50% INRs offered to private stage investors are prone to vesting period.
Fundraising goal: 47.900.000USD
Bonus applied at Public investment stage: 0% Token price: $0.1/INR
Number of INR offered at PUBLIC Stage:
[47.900.000USD/(0.1USD/INR)] = 479.000.000INR
All INRs offered to public stage investors are not prone to vesting period.
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