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How it works and benefits

$ 4.73 trillion

Total addressable market

More than 90%

Of the total insurance revenues come from North America, Europe and Asia

Up to 30%

Of the traditional insurance policy price goes for broker commission

60%

Of millennials already adopting online insurance

Up to 30%

Sector efficiency improvement opportunity thanks to blockchain and smart contracts

Token allocation Use of Proceeds
  • Start of token crowdsale: 15 May 2018
  • Token symbol: VRN
  • Type: ERC-20
  • Total token supply: 1.000.000.000 VRN
  • New token will never be created
  • Soft Cap: 40.000.000 VRN
  • Hard Cap: 500.000.000 VRN
  • Minimum transaction amount: 0.1 ETH, 0.01 BTC, 1000 USD
  • 1 VRN = 0.051 - 0.085 USD
  • 1 ETH = 800 USD
  • The unsold tokens will be burned
VRN token distribution

Marketing is a critical field for the platform’s success and “Insurtech” is one of the most expensive industries in terms of marketing costs.

Legal and administrative fees will be substantial, given the platform’s target of registering brokers in covering 8 countries by the end of 2020.

A key element for the project will be the platform development (blockchain platform,desktop and mobile clients)

The remaining funds will be used for network development (i.e. negotiating initial broker collaboration, acquisitions and other equipment / physical asset costs).

VRN token allocation

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