Everything You Need to Know About Vernam, A Game Changing Blockchain-Based Insurance Product
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Everything You Need to Know About Vernam, A Game Changing Blockchain-Based Insurance Product

THELOGICALINDIAN - Vernam is developing a decentralized peertopeer brokerfree costefficient datadriven and cellophane exchange for the allowance area in which consumers will be able to get up to 30 percent banknote aback on their allowance premiums Heres aggregate you charge to apperceive about the platform

Vernam is revolutionizing the way bodies admission allowance by abutting insurers anon with the -to-be audience — finer removing accidental middlemen from the equation. By accomplishing this, Vernam is able to acknowledgment audience 30 percent of the amounts contrarily paid to brokers.

The cashback acknowledgment comes in the anatomy of Vernam Tokens (VRN), which are calmly exchanged for authorization currencies or acclimated for VRN denominated purchases.

In accession to extenuative audience upwards of 30 percent, Vernam is additionally alms a one-of-a-kind artefact alleged CryptoSafe.

CryptoSafe is a acute arrangement which guarantees advantage to the insured in the accident a predefined accident occurs. Explained CEO and co-founder Roman Angelov:

Vernam boasts abounding allowances for -to-be clients, but there are three which are decidedly noteworthy.

First and foremost, insurers are able to optimize accident appraisal by creating a tamper-free, abiding almanac of clients’ allowance history on the blockchain — appropriately ensuring accuracy and candor in all dealings.

Secondly — as mentioned ahead — barter are able to acquire the rewards of a 30 percent banknote aback for purchasing accepted allowance policies, as against to accident that money to absurd brokers and middlemen.

Finally, audience may blow accessible in the ability that advantage is affirmed should a predefined set of contest action through the appliance of CryptoSafe — a advocate acute contract.

Those absorbed in advance in Vernam may booty advantage of the project’s antecedent bread alms (ICO).

The ICO pre-sale begins today, May 15, and will run until June 5. During this time, aboriginal investors will be able to booty advantage of a benefit of up to 40 percent — but absorbed parties should apparently hurry, as the ICO has already accomplished its bendable cap ambition of 40 actor VRN or 2.5 actor USD.

To apprentice more, participate in the ICO, or apprehend the project’s whitepaper, appointment Vernam’s official website here. You can additionally accompany the official chat on Telegram.

What do you anticipate of Vernam’s adeptness to cut out the agent and save audience upwards of 30 percent? Do you feel safe dupe your funds to an insured acute contract? WIll you be advance in the ICO today? Be abiding to let us apperceive in the comments below!

Images address of Vernam