CRYPTONEWS: Kuverit (KUV) ICO

Building a mainstream P2P guarantee trading application to reduce fraud and modernise insurance.

We are reducing fraud and modernising insurance. The Kuverit P2P application will give anyone, anywhere the opportunity to have their transactions guaranteed, whilst also providing a new revenue model via a fully transparent fee structure. This guarantee system can be used in any situation in which the transaction between two parties relies upon trust. Someone who is tending a service to a stranger, may use the application to demonstrate their professionalism and increase Trust.

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Kuverit (KUV) ratings
ICOrating.com		ICObench.com	NA
Hype score	NA	ICOmarks.com	NA
Risk score	NA	TrackICO.io	3.5 / 5
Investment rating	NA	ICOholder.com	NA

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Overview

Project industry	Insurance
Product type	DApp
Founded	Ireland

White Paper Bounty program

Features

Introducing Kuverit

Plugging straight into the shift towards a pay-as-you-consume model, Kuverit is taking a new approach to the insurance business by first launching a peer-to-peer (P2P) insurance application. We are giving everyone with internet access the opportunity to get a guarantee for any two-way transaction. Whether you are a service provider or contractor, business or customer, the Kuverit app lets you enter an agreement with anybody at any time, assuaging any new buyer anxieties.

Benefitting both buyers and sellers, how it works is simple: a user creates an account on the application, enters details of what they need to be guaranteed for - and how much - and then posts their request for a guarantor to other users of the application.

A guarantor can scan open contracts to find one that suits their risk thresholds, for example, the reputation score of the guaranteed, or a minimum fee for guaranteeing a transaction. Selecting ‘buy now’ will then automatically create a smart contract between the guarantor, the client (who is tending the service) and their customer.

Following the establishment of our application, we will turn our attention to the creation of Kuverit insurance - a fully independent, blockchain-based insurance company utilising smart contracts to provide a streamlined service with an emphasis on transparency, fairness and finality.

The Kuverit P2P Application

We are changing the way in which people will do business with one another, shifting away from the classic, centralised insurance model and moving towards a decentralised, P2P system that reduces friction and pain points prevalent in current processes.

Soon to be available on both iPhone and Android, the Kuverit P2P application will give anyone, anywhere the opportunity to have their transactions guaranteed, whilst also providing a new revenue model via a fully transparent fee structure.

The Initial Token Offering

Kuverit are not following the ‘traditional’ model used by ICOs. Instead of running rounds of pre-investment and private pre-sales, we are launching the main sale immediately. This is because we want everyone to be given the same opportunity to purchase tokens and get involved in the company’s development.

Funds and private investors will still be able to contribute to the Kuverit ICO and secure discounts, although any organisation contributing more than $500,000 must contractually agree to have their tokens locked up and released at quarterly intervals over a 24-month period to prevent any negative impact on the token value.

ICO Details

ICO token supply: 5,500,000,000 (KUV)
Total tokens for sale: 2,525,252,525 (KUV)
Soft cap: 250,000,000 KUV
Hard cap: 2,525,252,525 KUV

Legal

ICO Platform: Ethereum
Registration country: Ireland
Registration year: 2018

Token info

Ticker: KUV
Type: Utility-token
Token price in USD: 1 KUV = 0.99 USD
Accepted currencies: BTC, BCH,LTC, ETH, DASH,XMR NEO,NEM,XRP
Bonus program:
Christmas Sale 0-25th Dec- 2018 - 70%
OFF New Year Sale Dec 25th - Jan 1st -19 50%
OFF ICO Phase 1 4 Months - 25% Bonus
ICO Phase 2 3 Months - 20% Bonus
ICO Phase 3 2 Months - 15% Bonus
ICO Phase 4 1 Months - 10% Bonus
ICO Phase 5 1 Months - 5% Bonus
ICO Phase 6 1 Months - 0% Bonus