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Many Insurers are exploring blockchain and smart contract supported products.
Yet an ecosystem is still missing. One that can bring these policies to the market in a convenient, consistent, and coordinated manner.
Inmediate fills that gap. We will provide the Insurance industry with that ecosystem where Smart Contract Insurance can be transacted at lightning speed, full clarity, and at much lower costs than ever imagined.
The DIT Token is used to power the Inmediate network and works as a means to settle transaction fees, to reward or to get rewarded for participation in the marketplace. Access to the network and each activity on the network has an associated cost. Premiums and claims can be paid either in tokens, crypto or fiat currencies based on what has been provided for
in the insurance contract.
Insurers and Distributors will need to hold a minimum amount in tokens to be allowed to participate on the network. The number of tokens to be held will be reduced in bands as more insurers and distributors join and the value of the token increases.
When the number of insurers and distributors will increase, the number of products and transactions will increase, thus the value of the token will go up.
Inmediate's team members.
Q2 2019 Full Oracle configuration for prototype products Soft launch first prototype product 2nd and 3rd Prototype Smart Insurance product ready Complete distribution platform coding and connectivity White Paper on Insurance Oracles