Links
Slack (not available)
Overview
ICO Opening Date
Jun 6th, 2018
ICO Closing Date
Jul 15th, 2018
Country of Origin
Bulgaria
Description
Vernam is a tool for digitalization of the insurance sector.
It is an online platform which will allow the end clients to inquire, receive and contract the most suitable insurance proposal for them through a user friendly interface and without the need of a third party broker, which will dramatically lower the cost of insurance services while making the business way more efficient not only for the clients, but for the insurance providers as well.
Vernam utilizes blockchain technology to provide:
-Competitive online marketplace for conventional insurance products by the biggest insurance companies
-Generous compensation - up to 30% of the policy premium in Vernam tokens (VRN) is returned to clients
-“CryptoSafe” - a smart contract, guaranteeing that when a defined set of events occur, the client will be compensated with a certain amount of Vernam Tokens (VRN). The newest and most innovative blockchain based insurance product that Vernam will introduce
Technology
Blockchain Platform
Ethereum
Team
Members
Roman Angelov - CEO, Co-founder
Ivan Georgiev - Co-founder
Branimir Minkov - CTO
Zhelyo Hristozov - Insurance Director
Advisors
Theodor Tamvakidis - Blockchain Advisor
Boris Cuchran - Insurance Advisor
Simon Cocking - ICO Advisor
Nathan Christian - ICO Advisor
Jason Hung - Advisor - ICO Advisor
Yagub Rahimov - Marketing Advisor
Disclosure: This page is created to provide market intelligence. This is not investment advice and does not constitute any solicitation or endorsement of any investment. Any investment you make is done at your own risk and at your full and absolute discretion.
VERNAM News
May 21st, 2018
Vernam is going to change the insurance industry offering the world’s first commission-free insurance service on blockchain.
May 9th, 2018
Vernam is developing a Decentralized P2P marketplace for the insurance sector. The platform will be broker free, cost efficient, data driven and transparent. Consumers will also be able to get up to 30% cashback on their insurance premiums.
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January 19th, 2019
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For operating a fraudulent Initial Coin Offering, former AriseBank executives have to pay nearly $2.7 million in fines and are prohibited from serving as officers of public companies or engaging in offerings of digital securities.
Jay Clayton said that ICOs should willingly follow securities laws which ensure higher protection of customers’ funds while eliminating fraud and manipulation.
China has banned all Security Token Offerings and all activities linked to them. The government wants to regulate the new tokens before legalizing them to eliminate cases of fraud.
Daria Generalova, Managing Partner at ICOBox and marketing, PR & communications expert, shares her vision of current ICO and STO landscapes, explaining which funding alternative boasts better potential.
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