Vernam’s CEO, Roman Angelov speaks to ICOWatchlist about the project;
Hello Roman, can you tell us in the simplest of terms, what VERNAM is all about?
The world’s first 0% commission insurance on the blockchain. Our goal is to revolutionize the insurance industry! We are probably the first company in the world ready to implement a high-end technological solution which will dramatically lower the cost of insurance services while making the business way more efficient and friendly for all parties-from End Clients to major Insurance Companies! Vernam utilizes blockchain technology to provide: 1. Competitive online marketplace for conventional insurance products by the biggest insurance companies 2. Generous compensation – up to 30% of the policy premium in Vernam tokens (VRN) is returned to clients 3. “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.
With a 0% commission strategy, how will your company generate income?
Since Vernam is essentially a marketplace it will be open to insurance companies offering their products and there will be competition among the companies on the platform we will be offering premium options for advertising, thus generating income.
How do you plan to build a growing customer base around your project?
By providing an easier and more transparent insurance process on the blockchain we will offer our customers a better alternative to traditional brokerage.
We also plan strategic partnership with companies from different industries like real estate, leveraging on their communities and influence.
Where do you see VERNAM in the next 12 months?
In the next 12 months we plan to be operating a fully functioning platform on at least 4 to 8 European markets.
How soon will your tokens be tradable on exchanges and any hints of which exchanges will be trading?
We are now negotiating the listing of our token on some top 20 exchanges. We plan to list our token on exchanges shortly after the end of the crowdsale.
Briefly run us through the process of your token sale.
Our token sale is open to everyone willing to contribute to the future of insurance and ready to pass KYC. We have built a custom contributors’ dashboard on which you can see details about the sale and instructions how to participate. Contributors can buy the VRN token in ETH, BTC or fiat money (Visa and Mastercard accepted). Just go to dashboard.vernam.com. If you have any questions on the process, you are welcome to ask on our Telegram group where our admins will be available 24/7.
Thank you for this Roman, wishing you a successful ICO
Thanks to ICOWatchlist as well, we are hopeful that we will make an indelible and positive mark on the market.
For more details, follow the Vernam ICO here.