Why SafeInsure?
Modular
Modular insurance offerings by providers mean paying for just what you need, and not what you don't
Personalized
Send your personalized insurance requests to thousands of providers on the SafeInsure Network
Safe Data
SafeInsure's ironclad masternode blockchain stores all data making it transparent and leak-proof
Low Cost
Safeinsure's blockchain stores user and insurer data to eliminate fraud, reduce liability, and asses risk, resulting in lower premiums for users
The End of an Era
Long ago, ancient merchant ships trading the seven seas would pool resources together to cover one another if that one of their ships would sink and lose its cargo. This archaic form of insurance is still in effect today, and the vestiges of these old policies are seen everywhere. Best practices protecting against insurance fraud are absent, resulting in artificially high premiums to policy consumers. Claims, payments, and contracts are all still done on paper and by telephone resulting in erroneous information, lost data, and network inefficiencies. These inefficiencies and long settlement times are all passed down to the consumer who pays a higher and higher premium for each mistake.
The introduction of blockchain technology means these remnants of the past can now stay there, and with SafeInsure, the insurance industry can finally evolve. SafeInsure harnesses blockchain technology to create a new digital accountability network for insurance buyers and providers, initiating a new era in which our distributed ledger technology can keep both consumer and provider utterly accountable without the need for an intermediary. With transparency, honesty, and accountability guaranteed by an intermediary-free network, the SafeInsure marketplace can bring competitive price discovery and modular insurance plans to consumers worldwide.
SafeInsure App Process
SafeInsure Main Application
Get your insurance and pay with SINS
SafeInsure Platform - Blockchain Risk Management. Safeinsure is a decentralized insurance marketplace bringing equitable price discovery and global access to insurance policy shoppers worldwide. SafeInsure puts consumer power back in your hands with an honest, accountable, and democratic insurance marketplace on the blockchain.
For now, SINS can be used to pay for your travel insurance. We are struggling to bring more options so you can have a wide range of insurance policies available.
The application being in progress of developing it's possible to get some api errors but we will fix everything in time!
How the SafeInsure Coin Works
Native Currency
The SafeInsure marketplace has a native currency, the SafeInsure coin (SINS). All transactions made between insurance policy providers and consumers will require SINS. Additionally, insurance-related products and the insurance pools will require SINS. In effect, the only currency accepted within the SafeInsure ecosystem is SINS.
Masternodes
Apart from being used as the primary currency in the SafeInsure ecosystem, SINS is required for operating a masternode to secure the SafeInsure network. Masternode operators get rewards for their work with a return on investment (ROI) commensurate with their collateral.
Coin Specification
| Algorithm | Quark |
| Type | POS + Masternode |
| Max coin supply | 21,000,000 SINS |
| Block generation | 60 seconds |
| Difficulty Retargeting Every Block | |
| Decentralized Masternode Network | |
| RPC Port: | 39106 |
Network Status
Last Block
1768589
Network (GH/s)
289.348
Difficulty
4,366.1042
Masternodes
107 / 106 active
Block Reward
4 SINS
Supply
8,423,194 SINS
Block Reward
| BLock no | Reward / block | Staking | Masternodes |
|---|---|---|---|
| 1-21600 | 0.5 SINS | 0.10 SINS (20%) | 0.40 SINS (80%) |
| 21601-43200 | 1 SINS | 0.20 SINS (20%) | 0.80 SINS (80%) |
| 43201-64800 | 1.5 SINS | 0.30 SINS (20%) | 1.20 SINS (80%) |
| 64801-86400 | 2 SINS | 0.40 SINS (20%) | 1.60 SINS (80%) |
| 86401-106560 | 2.5 SINS | 0.37 SINS (15%) | 2.12 SINS (85%) |
| 106561-129600 | 3 SINS | 0.45 SINS (15%) | 2.55 SINS (85%) |
| 129601-151200 | 3.5 SINS | 0.52 SINS (15%) | 2.97 SINS (85%) |
| 151201-172800 | 4 SINS | 0.60 SINS (15%) | 3.40 SINS (85%) |
| 172801-194400 | 4.5 SINS | 0.45 SINS (10%) | 4.05 SINS (90%) |
| 194401-216000 | 5 SINS | 0.50 SINS (10%) | 4.50 SINS (90%) |
| 216001-237600 | 5.5 SINS | 0.55 SINS (10%) | 4.95 SINS (90%) |
| 237601-259200 | 6 SINS | 0.60 SINS (10%) | 5.40 SINS (90%) |
| 259201-280800 | 6.5 SINS | 0.65 SINS (10%) | 5.85 SINS (90%) |
| 280801-302400 | 7 SINS | 0.70 SINS (10%) | 6.30 SINS (90%) |
| 302401-324000 | 7.5 SINS | 0.75 SINS (10%) | 6.75 SINS (90%) |
| 324001-345600 | 8 SINS | 0.8 0SINS (10%) | 7.20 SINS (90%) |
| 345601-367200 | 8.5 SINS | 0.85 SINS (10%) | 7.65 SINS (90%) |
| 367201-388800 | 9 SINS | 0.90 SINS (10%) | 8.10 SINS (90%) |
| 388801-525600 | 5 SINS | 1 SINS (20%) | 4 SINS (80%) |
| Each year the reward will be reduced with 10% | |||
Masternodes
Network and Financial Scope
SafeInsure masternodes are, in essence, decentralized nodes which host a wallet containing a collateralized amount of SINS.
These collateralized nodes perform several tasks including:
- * Adding privacy layers to transactions
- * Increasing network transaction speeds
- * Allowing masternode owners governance rights in the network
- * Providing a financial incentive for node operators by giving a return on investment (ROI) for transactions validated
SafeInsure masternode operators receive a passive income for accomplishing the work of securing the network. The amount of collateral and masternodes owned determine your ROI.
Financial Role And Passive Income
SafeInsure Masternodes create an extra investment incentive for insurance companies. Using the SINS token they generate from transacting on the SafeInsure Marketplace, they can operate their own masternodes to create a secondary passive source of income.
Running a SafeInsure Masternode to earn a passive income is available to anyone who purchases the amount of SINS collateral necessary.
Currently, the annual return on investment for operating a SafeInsure Masternode coin is:
159%
SafeInsure Coin (SINS) Exchange & Market Data
Price: $0.0004852 (10.43)
24h Low / 24h High
$0.00043887 / $0.00048885
24h Volume
$167
Market Cap
$11,747
Join our community
Coin Distribution
The SafeInsure coin distribution event places a premium on research, development, and adoption. These three points are the pillars of SafeInsure's forward-looking approach, buoyed by additional funding for other key areas such as legal counsel, operating costs, and business partnership development. With a balanced coin distribution model, SafeInsure sets the foundation for success.
Our Main Road Map
The SafeInsure roadmap illustrates our projected dates for the delivery of milestones. With every line of code shipped by the tireless SafeInsure development team, we get one step closer to delivering the first global-access decentralized insurance marketplace of its kind.
Caeser
Project comes to fruition after years of market and concept research
Development team assembled
Safe Insure Private testnet launch
Tiberius
Network code optimization
Partnership meetings
More then 17 insurance companies plan to join
Whitepaper draft
Claudius
Mainnet launch
Website launch
Social media presence launch
Wallet release
Listing on masternode monitoring and coin statistics sites
Exchange listing
Marketing campaign
Whitepaper release
Titus
SafeInsure Coin network stability
Connecting with business partners
Website updates and improvments
Marketing and awareness campaign
Mainnet upgrades
Code audit
Domitian
PR events and promotion
SafeInsure UI preview
Ongoing Bussines Development
SafeInsure system analysis
Hadrian
SafeInsure UI design
In depth system analysis
Top Industry players discussions
Major PR & Marketing campaign
Marcus Aurelius
SafeInsure system design
SafeInsure UI update
Tacitus
SafeInsure start development and research
SINS/USD trading pairs
Frequently asked questions
Blockchain is a distributed ledger used for keeping an ongoing account of data. The blockchain ledger is secured by a network of validators who verify by majority consensus that each transaction is correct, thereby mitigating fraud and ensuring the blockchain remains true.
Safeinsure is a decentralized insurance marketplace bringing equitable price discovery and global access to insurance policy shoppers worldwide. SafeInsure puts consumer power back in your hands with an honest, accountable, and democratic insurance marketplace on the blockchain.
The insurance industry is a what one might call a "dinosaur industry." It relies heavily on antiquated practices that, in other sectors, have been long outdated. Paper trails, misplaced contracts, and fraud are massive problems within the insurance industry and result in higher costs for policy-buyers.
SafeInsure's innovative blockchain ledger system creates a digital accounting mechanism for the insurance industry that guarantees against fraud, making it a thing of the past and significantly reducing costs to consumers.
We have created a SINS wallet that is compliant across all major operating systems. The SINS wallet is user-friendly, intuitive, elegant, and best of all, it is highly secure.
SafeInsure requires masternode operators to secure the network and provide many of the SafeInsure blockchain features. Because of this, masternode operators are entitled to earn a passive income generated by their collateralized SINS tokens held in the masternode. By merely purchasing and holding the 1,000 SINS required for masternode collateral, you can operate your own SafeInsure masternode begin generating passive income without delay.
SINS is the only accepted currency of the SafeInsure marketplace. This means that the many insurance policy providers and users on the platform will need to buy SINS to transact with it. Because of the high amount of transactional activity that will take place between providers and users, a substantial demand will be placed on existing SINS supplies.
Secondly, because SafeInsure is a masternode secured blockchain, SINS will be required as masternode collateral. This effectively removes SINS from the supply as those coins used for masternode collateral are locked into the operator's node. By reducing the supply via masternodes, and placing a high demand on the existing supply via using SINS as SafeInsure's native currency, there are solid fundamentals in place to appreciate the value of SINS.